Greece News

 

Energean to Drill More in Greece and Israel

Nov 15, 2018

UK-based international oil and gas exploration and production company Energean Oil & Gas said that it is on track to achieve first gas from the Karish-Tanin project off the coast of Israel in the first quarter of 2021.The company with operations offshore Israel…

Turkish Ship to Continue Explorations in Mediterranean

Oct 19, 2018

A Turkish energy exploration ship will continue to operate in the Mediterranean Sea, the energy minister said on Friday, after Ankara said the navy stopped a Greek frigate from harassing the ship due to territorial disputes.Turkey, Greece and…

Turkish Navy Stops Greek Frigate 'Harassment' in Mediterranean

Oct 18, 2018

Turkey's state-run Anadolu news agency said on Thursday that the navy had stopped a Greek frigate from harassing a Turkish ship in the Mediterranean. It did not give further details.Turkey, Greece and Cyprus's internationally recognized Greek…

Energean approved to develop Katakolo off Greece

Sep 08, 2017

Energean Oil & Gas has received the green light from Greek authorities for the Kataloko field development plans (FDP) offshore Western Greece. Map of Katakolo, from Energean. Katakolo…

Hellenic wins blocks offshore Greece

Dec 07, 2016

Hellenic Petroleum has been awarded Block 10 offshore western Greece, in the Kyparissiakos Gulf, as part of the 2nd International Round. Hellenic was already awarded two onshore blocks, and offshore Block 2, west of Corfu, in a joint venture with France's Total (operator) and Italy's Edison…

Energean moves to develop Katakolon, off Greece

Nov 30, 2016

Energean Oil & Gas's exploration license over the West Katakolon field has been converted to a 25-year exploitation license with immediate effect. The West Katakolon Exploitation area is part of the Katakolon Concession Area and covers 60sq km area with about 10 MMbbl recoverable oil…

Energean eyes 10,000 b/d Greek barrels

May 04, 2016

Production from the Prinos and Prinos North oil fields, offshore northeast Greece has exceeded 4000 b/d, a two fold increase compared to the 2000 b/d produced before the start of an ongoing investment program, according to operator Energean Oil & Gas…

Greece woes affects markets, oil price

Jun 30, 2015

The Greek government revealed it does not have the funds to pay what is owed to the International Monetary Fund (IMF) and cannot meet its obligations on 30 June. As a result, procedures for the country’s transition to a state of default could be initiated automatically…

Greece’s second international licensing round

Sep 15, 2014

An announcement on the second Greek offshore licensing round is expected this month.  The Greek Ministry of Environment, Energy and Climate Change announced the round would be launched upon publication of the Notice of the Call for Tenders in the Official Journal of the European Union…

Energean buys tender assist rig

Aug 27, 2014

Greece-based exploration firm Energean Oil & Gas has launched a US$225 million investment program to develop 30MMbbl of reserves in North West Greece and to increase production from the Prinos, Prinos North and Epsilon fields to 10,000bbl/day by 2016…

Greek drilling on horizon

May 15, 2014

Energean Oil & Gas has announced that the Greek Government has signed license agreements for the Ioannina and Katakolon blocks with the consortia of Energean and Petra Petroleum, for Ioannina, and with Energean and Trajan Oil, for Katakolon…

Ocean Rig, Energean to form JV

Dec 05, 2013

Ocean Rig and Energean Oil & Gas will create a joint venture called OceanEnergean to participate in new bid rounds for hydrocarbon exploration and exploitation in Greece and abroad in more than 1000m deep water. Each company will hold 50% of the share capital…

Ocean Rig enters exploration arena

Nov 05, 2013

Ocean Rig and Energean Oil & Gas are to join forces in order to participate in new bid rounds for exploration and exploitation of hydrocarbons, in Greece and abroad, in more than 1000m deep water. Energean said the companies had agreed to set up a joint venture called OceanEnergean…

Energean explores Greece

Jun 17, 2013

Energean Oil & Gas plans to increase its exploration  and production offshore Greece. The firm received $60 million from the newlycreated Third Point Hellenic Recovery Fund. The cash will fund a four-well program in 2013 with the goal of doubling production to 4000b/d by year end…

Energean to explore Greece

May 16, 2013

Mediterranean-focussed oil and gas explorer Energean Oil & Gas is seeking to increase its exploration and production plans offshore Greece after a cash injection. The firm has had a cash injection of $60million from the newly-created Third Point Hellenic Recovery Fund…

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