Mediterranean Sea News

 

QatarEnergy Expands Footprint in Egypt with East Port Said Exploration Block Win

Oct 04, 2023

QatarEnergy confirmed Wednesday it had won a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round.The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources…

TotalEnergies, Eni, QatarEnergy JV Bids in Lebanon's Offshore Oil and Gas Auction

Oct 02, 2023

A coalition of Total Energies, Eni, and Qatar Energy applied for the second licensing round to bid on oil and gas blocks 8 and 10 in Lebanese waters, just an hour before the deadline on Monday, Lebanon's energy ministry said. The consortium…

Panel Reviewing BP, Adnoc Offer for Israel's NewMed Seeks Higher Price

Oct 02, 2023

A panel reviewing a $2 billion offer by Abu Dhabi's national oil company and BP to acquire a 50% stake in Israeli gas producer NewMed has recommended raising the asking price by over 10%, casting doubt over the deal, sources said.The proposed…

Talks Extended: Cyprus and Chevron Aim to Reach Deal on Aphrodite Gas Field Next Month

Oct 02, 2023

Cyprus and international energy companies led by Chevron have agreed to extend talks on how to develop its Aphrodite offshore gas field amid progress in negotiations, its energy minister said on Friday.'It is not a new negotiating round, it's…

Erdogan Says Turkey, Israel to Take Steps in Energy Drilling Soon

Sep 22, 2023

Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey.Erdogan…

Energean Aims to Double Size, Says CEO Rigas

Sep 07, 2023

Mediterranean-focused oil and gas producer Energean aims to double its size in the coming years, including through expansion of production in Israel, CEO Mathios Rigas said on Thursday.The company reported a 41.2% slump in first-half profit…

Energean Trims Annual Production forecast after HY Profit Slumps

Sep 07, 2023

Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…

Offshore Drilling Rig Arrives in Lebanon’s Block 9 to Start Exploration

Aug 16, 2023

A drilling rig [the Transocean Barents] arrived in Lebanon’s Block 9 on Wednesday to begin oil and gas exploration, public works and transport minister Ali Hamie said in a post on social media platform X, formerly known as Twitter.The start…

BP Chooses TWMA for Up To $15M Mediterranean Sea Drilling Waste Management Deal

Aug 14, 2023

UK-based drilling waste management company TWMA said Monday it had secured a contract worth up to $15 million to support a large-scale oil and gas project for BP in Egypt.TWMA will use its RotoMill drill cuttings processing technology to process…

Libya: Eni Lifts 2014 Exploration Force Majeure

Aug 03, 2023

Today, Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%…

Egypt Denies Giant Zohr Offshore Gas Field Facing Problems

Jul 25, 2023

Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…

Transocean Barents Leaves Norway. Takes on New Challenge in Lebanon's Offshore Sector

Jul 24, 2023

Transocean Barents, Transocean's semi-submersible drilling rig, which is used to operating in harsher environments such as those in Norway, the UK, and Canada, is now moving to the Mediterranean Sea.Namely, TotalEnergies has informed that the…

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Four Groups Bid in Israel Offshore Gas Exploration Tender

Jul 17, 2023

Four groups of companies have made bids in Israel's latest tender for offshore hydrocarbon exploration, the Energy Ministry said on Sunday.The ministry said the groups include a total of nine companies, five of which were new to the Israeli market…

EastMed Pipeline Project Still Viable, Edison CEO Says

Jul 07, 2023

A project to build a 2,000 km pipeline to bring natural gas from East Mediterranean fields to Europe is still alive, the CEO of Italian energy group Edison said on Friday.Edison CEO Nicola Monti said that the group, which is one of the promoters of the pipeline…

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