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)…
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…
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 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…
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 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…
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,…
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…
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…
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 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…
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 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…
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 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…