Mediterranean Sea News


France's RTE Taps Fugro for Geotechnical Survey for Offshore Wind Substations in Mediterranean Sea

Apr 13, 2023

French transmission grid operator Réseau de Transport d’Electricité (RTE) has awarded Fugro a contract to perform a geotechnical investigation for future offshore substations (OSS) at two floating wind farm sites in the Gulf of Lion in the Mediterranean Sea…

BP and ADNOC Offer $2B to Jointly Acquire 50% Stake in Israeli Offshore Gas Producer

Mar 28, 2023

BP and Abu Dhabi's state oil giant ADNOC on Tuesday made an offer to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion.The offer would involve acquiring NewMed's free floating shares and taking the company…

Edison Plans Final Investment Decision on East Mediterranean Gas Pipeline to Europe By End of Year

Mar 20, 2023

Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year, the Italian project developer told Reuters. The EastMed-Poseidon pipeline,…

Energean's NEA/NI Offshore Gas Project in Egypt Now Online

Mar 09, 2023

Oil and gas company Energean said Thursday that the first gas had been delivered at North El Amriya and North Idku ('NEA/NI'), in the Mediterranean Sea, offshore Egypt. Energean sanctioned the project in January 2021, representing a development…

Helleniq Energy to Decide on Exploratory Well Offshore Greece in 18-24 Months

Feb 27, 2023

Greece's biggest oil refiner Helleniq Energy could decide on exploratory drilling in Greek offshore blocks within the next two years, its chief executive officer said on Friday. Greece has had indications of significant gas reserves of around 600 billion cubic meters…

Saipem to Use Biofuels on Drilling and Construction Vessels in Mediterranean Sea

Feb 23, 2023

Eni's subsidiary Eni Sustainable Mobility and offshore services company Saipem have entered into a Memorandum of Understanding (MoU) to utilize biofuels on Saipem's drilling and offshore construction vessels, focusing on operations in the Mediterranean Sea…

Greece Wraps 2D Seismic Surveys in Gas Exploration Offshore Crete

Feb 21, 2023

Greece has concluded two-dimensional (2D) seismic surveys for two offshore blocks off the island of Crete, under its renewed drive to identify potential gas reserves, the state-owned energy resources company said on Monday. Greece, which views gas as a transition fuel as it ramps up renewables…

Capricorn Energy Cancels Merger with NewMed Energy Following Shareholder Pressure

Feb 15, 2023

British oil and gas producer Capricorn Energy on Wednesday pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn's leadership.Activist investor Palliser and…

Egypt's Gas Production Steady, Offshore Drilling Expansion Planned

Feb 14, 2023

Egypt's gas production is set to remain stable in the current year at 6.4 billion cubic feet (bcf) per day, but the country has ambitious offshore exploration plans, the head of state-run operator EGAS said on Tuesday.'For 2024 and 2025, we have a very good…

History Made: Energean Announces First Ever Israeli Crude Oil Export

Feb 14, 2023

Oil and gas company Energean on Tuesday announced the first ever lifting of an Israeli crude oil cargo had taken place at Energean's Karish offshore field. 'For the first time in the history of Israeli oil & gas production, hydrocarbon liquids will be exported to global markets…

Israel's NewMed Forecasts $15B Offshore Gas Boost for Sovereign Wealth Fund

Feb 08, 2023

Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

Jan 29, 2023

TotalEnergies is keen to start work on Lebanon's offshore Block 9 'as soon as possible', with assessments to begin early next month and well-drilling to launch in the third quarter of 2023, its CEO Patrick Pouyanne said on Sunday.Pouyanne was…

QatarEnergy to Join TotalEnergies, Eni in Lebanon Offshore Exploration

Jan 27, 2023

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday.The announcement said agreements would be signed on Sunday…

Capricorn Energy Chair, CEO Step Down from Board

Jan 24, 2023

Capricorn Energy said on Tuesday that Nicoletta Giadrossi has stepped down from the board as chairperson with immediate effect, along with Chief Executive Officer Simon Thomson and three other directors. The British oil and gas producer said James Smith will remain the chief financial officer…

PGS Wins More Seismic Survey Work in Mediterranean Sea

Jan 23, 2023

Norwegian marine seismic survey firm PGS has won a 3D seismic survey contract in the Mediterranean Sea, the company said on the Oslo stock exchange.PGS said the client was 'an international energy company.'The company's 104.2-meter-long and…

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