Mediterranean Sea News


Transocean Barents Leaves Norway. Takes on New Challenge in Lebanon's Offshore Sector

Jul 24, 2023

Transocean Barents, Transocean's semi-submersible drilling rig, which is used to operating in harsher environments such as those in Norway, the UK, and Canada, is now moving to the Mediterranean Sea.Namely, TotalEnergies has informed that the…

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Four Groups Bid in Israel Offshore Gas Exploration Tender

Jul 17, 2023

Four groups of companies have made bids in Israel's latest tender for offshore hydrocarbon exploration, the Energy Ministry said on Sunday.The ministry said the groups include a total of nine companies, five of which were new to the Israeli market…

EastMed Pipeline Project Still Viable, Edison CEO Says

Jul 07, 2023

A project to build a 2,000 km pipeline to bring natural gas from East Mediterranean fields to Europe is still alive, the CEO of Italian energy group Edison said on Friday.Edison CEO Nicola Monti said that the group, which is one of the promoters of the pipeline…

Oil Giants Drill Deep as Profits Trump Climate Concerns

Jul 03, 2023

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…

Saipem Secures $550 Million Worth of Offshore Drilling Contracts

Jun 27, 2023

Italian offshore services firm Saipem has won two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, worth about $550 million in total.In the Middle East, Saipem said it had ensured the continuity of the ongoing…

Israel's Gas Reserves Grew by 40% Over Past Decade, Report Says

Jun 26, 2023

Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.The growth came amid five-fold growth in offshore gas production since…

JDR to Provide Inter-array Cables for 30MW Floating Offshore Wind Project in Mediterranean Sea

Jun 14, 2023

Subsea cable maker JDR Cable Systems has won a contract to deliver, test and terminate the 66kV dynamic inter-array cables (IAC) for Qair’s 30MW floating offshore wind project Eolmed in the Mediterranean Sea, offshore France.The floating wind project…

Island Offshore Bags Offshore Mooring Work in Mediterranean Sea, Gulf of Mexico

Jun 09, 2023

Norwegian offshore vessel operator Island Offshore has recently secured work for its Island Victory vessel, which will install a mooring spread for an FSRU (Floating Storage Regasification Unit) for an undisclosed client. The contract kicks in the autumn of 2023 and has a duration of  90-120 days…

Cyprus Wants Shipping Corridor to Export Mediterranean Gas to Europe

May 29, 2023

Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. Cyprus's new centrist government, which came to power in February, has cooled…

Cyprus and Israel Discussing Offshore Gas Pipeline Link

May 16, 2023

Cyprus and Israel are in talks over the construction of a pipeline linking their offshore gas fields, Cyprus's energy minister said on Monday.But George Papanastasiou appeared to play down prospects for an 'EastMed' pipeline taking eastern Mediterranean gas to continental Europe…

Subsea 7, OneSubsea Alliance Wins Substantial Subsea Tie-back Contract in Egypt

May 03, 2023

Subsea Integration Alliance has won a 'substantial' subsea tie-back contract from BP and its joint venture partner Wintershall Dea for the Raven Infills Project offshore Egypt.  The Raven field is a stage of BP's major West Nile Delta (WND)…

TotalEnergies Hires Semi-submersible Drilling Rig for Lebanon’s Offshore Block 9

May 03, 2023

French oil major TotalEnergies, in agreement with its partners ENI and QatarEnergy, announced on Tuesday that they signed a firm contract with Transocean to hire the drilling rig that will drill an exploration well on Block 9 offshore Lebanon…

Israel's Sovereign Wealth Fund Gets Full-time Manager

Apr 25, 2023

The Bank of Israel on Monday named Lena Krupalnik, a veteran institutional investment manager, to oversee the country's sovereign wealth fund which was set up in 2014 following the discovery of huge [offshore] natural gas deposits.After a four…

Chevron Seeking Drillship to Explore for Gas in Eastern Mediterranean

Apr 18, 2023

Chevron is seeking a [drillship] to explore for natural gas off Cyprus, Egypt, and Israel as the U.S. energy major looks to meet growing demand in the region and Europe, two sources told Reuters.Chevron, which operates in the three eastern Mediterranean countries…

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