Mediterranean Sea News

 

Israel Boosting Offshore Gas Output, Looks to Help Supply Europe

May 16, 2022

Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace the Russian supply.The country is on track in the next few years to double production to about 40 billion cubic meters (bcm) from about 20 bcm as it expands current projects and brings new fields online, industry officials say.Israel currently supplies its own market and…

Energean Sells More Karish Gas as Energean Power FPSO Leaves Singapore

May 03, 2022

Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Tuesday it had signed a new Karish gas sales deal for up to 0.8 bcm/yr. It also said that the Energean Power FPSO, which will be used to produce gas from the Karish field…

PGS Wins Wide Azimuth 3D Survey Contract Offshore Cyprus

May 03, 2022

Norwegian marine seismic survey company PGS has won a Wide Azimuth 3D acquisition contract offshore Cyprus. PGS, which owns a fleet of seismic survey vessels, said that mobilization was scheduled to start in mid-June. The acquisition is expected to complete in mid-August…

Greek Recoverable Gas Reserves Seen Topping 600 bcm

Apr 15, 2022

Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission said on Thursday, as Athens accelerates gas exploration to cut its reliance on Russian energy…

Eni, Sonatrach Agree on Increased Gas Supplies from Algeria to Italy through Transmed Pipeline

Apr 12, 2022

Italian oil and gas company Eni has signed an agreement with the Algerian Sonatrach to allow Eni to increase the quantities of gas imported to Italy through the TransMed / Enrico Mattei pipeline.The deal to increase the gas flows, under the…

Greece to Speed Up Gas Exploration Projects to Help Replace Russian Gas

Apr 12, 2022

Greece will speed up gas exploration projects in concert with private investors, its prime minister said on Tuesday, as it cuts its reliance on Russian energy and looks to become an energy hub in Europe.Russia's invasion of Ukraine and fears…

Greece to Speed Up Offshore Exploration Amid Soaring Energy Prices, Supply Concerns

Apr 05, 2022

Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday.Greece has produced…

QatarEnergy Buys Into ExxonMobil's North Marakia Offshore Block in Egypt

Mar 29, 2022

Qatari national oil and gas company, QatarEnergy, has agreed with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea…

Report: Cyprus Offshore Appraisal Confirms Exxon Gas Find

Mar 21, 2022

An appraisal drilling for hydrocarbons off Cyprus has reaffirmed a reservoir of high-quality gas in an area licensed to ExxonMobil and Qatar Petroleum, the island's energy ministry said on Monday.The drilling was conducted by a consortium of ExxonMobil and Qatar Petroleum…

Energean Pens Gas Sales Deal with IEC, Israel's Largest Gas Buyer

Mar 15, 2022

Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Monday it had signed a supply agreement with the Israel Electric Company, the largest Israeli buyer of natural gas.'IEC will now have the right to purchase natural gas from Energean’s fields…

Israel's President Visits Turkey to Thaw Frosty Ties as Gas Interest Grows

Mar 10, 2022

President Isaac Herzog embarked on Wednesday on the first visit by an Israeli leader to Turkey since 2008 as the regional rivals seek to overcome years of animosity.Turkish President Tayyip Erdogan invited Herzog, whose post is largely ceremonial…

Energean Connects Karish Gas Field to Israel National Gas Line

Mar 03, 2022

Mediterranean Sea-focused oil and gas company Energean has this week announced the connection of its Karish offshore gas field to the Israel National Gas Line (“INGL”), 'an important milestone in facilitating the operational readiness of the Karish field development…

Israel's Delek Drilling Changes Name. Shares New Strategic Plan

Feb 22, 2022

Israel's Delek Drilling, a company that owns a stake in the giant Leviathan gas field offshore Israel, and in the undeveloped Aphrodite gas field offshore Cyprus, is changing its name to NewMed Energy. Apart from changing the name, the company…

Havfram Wins SURF Deal at Zohr Field Offshore Egypt

Feb 21, 2022

Offshore installation firm Havfram has won a contract for subsea umbilicals, risers, and flowlines support work in Egypt for Saipem. The contract will see Havfram deploy a laying and construction vessel offshore Egypt to the Zohr field, the largest gas field in the Mediterranean Sea…

Reach Subsea Nets 'Decent-sized' OBN Contract in Mediterranean Sea

Feb 17, 2022

Oslo-listed subsea services provider Reach Subsea has won a contract in the Mediterranean Sea for start-up early in Q2 2022, representing about 130 project days. The project, with an undisclosed client, involves the support of an Ocean Bottom…

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