Mediterranean Sea News

 

Turkey, Greece to Resume Talks over Mediterranean Sea Dispute

Jan 12, 2021

Turkey and Greece will resume long-suspended exploratory talks over territorial claims in the Mediterranean Sea that brought them close to conflict last year, on Jan. 25 in Istanbul, the NATO members said on Monday.Ankara and Athens held 60 rounds of talks from 2002 to 2016, but plans for a resumption of talks last year foundered after a disagreement over a Turkish seismic exploration vessel deployed to disputed waters…

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Jan 14, 2021

Mediterranean Sea-focused oil and gas company Energean has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel.The gas discovery was announced in April 2019. In November 2020, DeGolyer and MacNaughton…

Energean to Pay Up to $405M for Remaining Stake in Energean Israel

Dec 30, 2020

Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…

Watch: Karish FPSO Mooring System Installation

Dec 28, 2020

Dutch offshore installation services company Jumbo has shared a video of its recently completed mooring installation for Energean's Karish gas development in the Mediterranean Sea, offshore Israel.On behalf of the main EPCI contractor for Karish offshore works TechnipFMC…

Erdogan: Turkey Hopes to Turn New Page with U.S. and EU

Dec 23, 2020

President Tayyip Erdogan said on Wednesday that Turkey hopes to “turn a new page” in its ties with the United States and European Union, and that Ankara had been subjected to “double standards” by both its NATO ally Washington and the bloc.Earlier this month…

Turkey Won't Abandon East Med Rights over EU Sanctions Threat, FM Says

Dec 15, 2020

Turkey will not abandon its rights and interests in the eastern Mediterranean because of possible European Union sanctions or criticism, Foreign Minister Mevlut Cavusoglu said on Monday.At a summit on Friday, EU leaders agreed to prepare limited…

East Med Dispute: Erdogan Unmoved by EU Sanctions Threat

Dec 10, 2020

Turkish President Tayyip Erdogan accused the European Union on Wednesday of never acting honestly towards his country and said Ankara was not concerned by any economic sanctions the bloc might impose on it.EU foreign ministers said on Monday…

East Med Dispute: Turkey Won't Bow to Threats, Erdogan Says as EU Considers Sanctions

Dec 07, 2020

Turkey will not bow to threats in its dispute with Greece and Cyprus over maritime claims in the eastern Mediterranean, President Tayyip Erdogan said on Monday as European Union foreign ministers met in Brussels to discuss the issue.But Erdogan…

Energean in Talks to Take Full Ownership of Israeli Subsidiary

Dec 07, 2020

Mediterranean Sea-focused oil and gas company Energean is looking to take full ownership of its 70 percent-owned subsidiary Energean Israel.The company said Monday it had entered into an exclusivity arrangement with an affiliate of Kerogen Capital…

Lebanon Wants Maritime Border Talks to Succeed. Difficulties Can Be Overcome, President Says

Dec 02, 2020

Lebanon wants maritime border talks with Israel to succeed and difficulties that surfaced in the last session round can be overcome, President Michel Aoun told a U.S. mediator on Wednesday after the latest round was postponed.The negotiations between the old foes were launched in October…

Turkey Extends Seismic Survey in Contested Waters in Eastern Mediterranean

Nov 23, 2020

Turkey said it was extending the seismic survey work being carried out by its Oruc Reis ship in a disputed part of the eastern Mediterranean until Nov. 29, a move that could add to tensions in the region.NATO members Turkey and Greece are locked…

Israel, Lebanon Resume Mediterranean Sea Border Talks

Nov 13, 2020

Israel and Lebanon resumed U.S.-mediated talks on Wednesday on a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, the Israeli energy minister, and Lebanon’s state news agency said…

Energean’s Gas Reserves Off Israel Get a Boost

Nov 10, 2020

Mediterranean-focused oil and gas firm Energean said Tuesday the size estimate of its gas fields off Israel has been increased to 729 MMboe, following the completion of an independent Competent Persons Report by DeGolyer and MacNaughton.The CPR report which certifies 98…

Greece Calls for Tougher EU Stance Over Turkish Mediterranean Exploration

Oct 22, 2020

Greece urged the European Union on Wednesday to reconsider its customs union with Turkey in response to Ankara's continued gas exploration in contested Mediterranean areas, deploring what it termed Ankara's 'imperial fantasies.'After meeting…

Greece's Offshore Gas Storage Facility Attracts Three Bids

Oct 19, 2020

Greece has received three initial bids for a contract to develop and run an underground gas storage facility in the northern Aegean Sea, the country's privatization agency said on Monday.The agency (HRADF), which manages the concession, said…

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