UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.The have signed a Letter of Intent…
British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…
Oil and gas producer Kosmos Energy, which plans to produce at least 62,000 barrels of oil equivalent per day this year, aims to make its operations carbon-neutral by 2030, it said on Monday.To achieve its target, Kosmos plans to increase the weighting of gas in its portfolio…
Italian energy company Edison has said its Norwegian subsidiary has been defrauded of 12.5 million euros.'Edison announces that the Edison Norge company, based in Norway and controlled by Edison International, in turn wholly owned by Edison Exploration & Production (Edison E&P)…
Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block offshore Israel to Vassiliko…
Mediterranean-focused oil and gas producer Energean has joined a U.N.-backed initiative and committed to reducing its net carbon emissions to zero by 2050, its chief executive said on Monday.Oil and gas producers have come under heavy pressure…
Israel-focused Energean Oil & Gas Plc on Monday agreed to sell Edison E&P North Sea assets to Neptune Energy Group for up to $280 million, as part of an ongoing plan to sell non-core assets.Energean, which is focused in the Mediterranean, will…
The hull of Energean Oil and Gas’ Energean Power FPSO has been undocked and floated out from the COSCO Shipyards’ dock in Zhoushan, China, about 10 months after first steel cut. Once completed, the FPSO will be deployed at Energean’s Karish and Tanin fields offshore Israel…
Energean Oil and Gas announced its appraisal of the Karish North Discovery confirmed best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate (combined c.190 mmboe) enhancing the Mediterranean…
A timelapse video from Energean shows the floating production, storage and offloading unit (FPSO) Energean Power being built over 10 months and then floated out from a COSCO shipyard in Zhoushan, China.The FPSO, which floated out in mid-September…
Israel on Monday granted offshore exploration licenses to two groups of energy companies in its latest round of tenders for the eastern Mediterranean.Israel's Energy Ministry, which made the announcement, hopes new activity will help position…
Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday.'Energean has identified a prospect within Zone D analogous to the prolific Tamar Sand fields (Karish…
Suppliers hoping to tap the fast-warming Eastern Mediterranean energy market need look no further than the consortia submitting bids on 12 of 19 exploration blocks offshore Israel.With gas-supply deals in place with Egypt, Jordan, Greece and domestic Israeli producers…
Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub…
Israel received bids from two groups of companies to explore for oil and gas off its Mediterranean coast, the Energy Ministry said on Monday.Israel had offered rights to 19 offshore blocks, and said the groups offered to explore in 12 of them…
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