Mediterranean Sea News

 

Noble Energy Shareholders OK $4.1B Sale to Chevron

Oct 05, 2020

Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.The all-stock deal values Noble Energy at around $4…

Noble Shareholders Set to Approve $4.2B Chevron Deal

Oct 01, 2020

Noble Energy Inc shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.The purchase would boost Chevron's U.S…

U.S., Greece Call for Peaceful Resolution of East-Med Maritime Disputes

Sep 28, 2020

The United States and Greece called on Monday for a peaceful resolution of maritime disputes in the east Mediterranean as U.S. Secretary of State Mike Pompeo began a two-day trip to Greece amid increased regional tension over energy resources…

Greece Extends Deadline for Offshore Gas Storage Bids

Sep 25, 2020

Greece has pushed back a deadline for the submission of non-binding bids for a contract to run an underground gas storage facility in the northern Aegean Sea.Privatization agency HRADF, which manages the concession, said on Friday it had extended the deadline for initial bids to Oct…

East Mediterranean: Six Countries Form Gas Forum in Egypt

Sep 22, 2020

Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks to promote natural gas exports from the eastern Mediterranean and that Israel hopes will strengthen ties with Arab neighbors.Egypt…

Erdogan: Oruc Reis Seismic Vessel Not Done with East Med Surveys

Sep 17, 2020

President Tayyip Erdogan told German Chancellor Angela Merkel during a video call on Wednesday that the docking of Turkey's Oruc Reis seismic survey vessel for maintenance does not mean its operations in the eastern Mediterranean are done, Foreign Minister Mevlut Cavusoglu said…

East Mediterranean Dispute: Cyprus Willing to Talk with Turkey 'Without Threats'

Sep 16, 2020

Cyprus is ready to engage in talks with Turkey to resolve differences but only 'without blackmail and threats', President Nicos Anastasiades said on Wednesday.The two countries are locked in a dispute over drilling rights in the Mediterranean…

Eni Finds More Gas Offshore Egypt

Sep 16, 2020

Italian oil and gas company Eni, together with partner BP, has made a gas discovery in the Great Nooros Area offshore Egypt.Eni, a company which a few years back struck Egypt's largest gas find at the Zohr well in the Mediterranean Sea, on Wednesday…

Energean Sells More Karish Gas

Sep 16, 2020

Mediterranean-focused oil and gas company Energean has signed agreements to sell more gas from its Karsih gas development off Israel.Energean said Wednesday it had signed two gas sales deals which, combined, represent quantities of gas of up to 1…

Turkish Drillship to Continue Operating in Disputed Waters off Cyprus Until Mid-Oct

Sep 16, 2020

Turkey said on Tuesday it had extended the operations of its Yavuz energy drillship in disputed Mediterranean waters off Cyprus until Oct. 12, in a move that could stir tension between the Greek Cypriot government and Ankara.Yavuz will be accompanied by three other Turkish ships…

Turkey's Seismic Vessel Oruc Reis Returns to Antalya

Sep 14, 2020

Turkey's seismic research vessel Oruc Reis returned to waters near the southern province of Antalya on Sunday, Refinitiv data showed, a move Greece said was a positive first step in easing tensions over offshore natural resources.But Turkish…

Report: Activist Investor Seeking to Break Up Noble Energy's Sale to Chevron

Sep 10, 2020

Activist investor Elliott Management is seeking to break up Noble Energy Inc's $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted on Wednesday.A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy…

Chevron's Interest in Leviathan Field Led to $5 Bln Bid for Noble Energy

Aug 11, 2020

Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U…

Chevron Can Lift Leviathan Gas Field to Global Stage, Delek Says

Aug 06, 2020

Chevron's entry into Israel's Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier, said the CEO of Delek Drilling, the energy giant's new regional partner.Chevron became the…

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