"Energean" News

Energean Braces for Coronavirus Impact on FPSO Delivery

Feb 06, 2020

The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country.Just last week, Energean said that the delivery of the hull of…

Energean Eyeing More Acquisitions in Mediterranean Sea

Mar 19, 2020

Israeli gas-focused group Energean is looking at possible further gas acquisitions in the Mediterranean, CEO Mathios Rigas said on Thursday, as the group announced $155 million in spending cuts.The cuts mean Energean will not drill two planned…

Energean: Karish Main-02 Well a Success

Feb 20, 2020

Energean Oil and Gas has announced successful results from production measurement performed during clean-up of the Karish Main-02 development well, in the Karish Main structure, offshore IsraelThe Mediterranean Sea-focused company working to…

First Gas from Karish FPSO in 1H 2021 as Hull Works Take Longer than Expected

Jan 31, 2020

Greek oil company Energean has said that its Karish development in the Mediterranean Sea off Israel is on track for first production in the first half of 2021. Energean has previously said that the first gas is expected to start flowing in the first quarter of 2021…

Energean Excludes Algeria from Edison E&P Buy

Jan 29, 2020

Algeria has definitely been excluded from Energean's pending acquisition of Edison E&P.The Greek oil and gas company in July last year agreed to buy Italy-based Edison's oil and gas subsidiary Edison Exploration & Production for an initial consideration of $750 million…

Premier Oil Targets Carbon Neutral Operations by 2030

Mar 05, 2020

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…

Kosmos Energy Sets Carbon-Neutrality Target

Feb 25, 2020

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…

Energean, DEPA Pact for EastMed Pipeline

Jan 05, 2020

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…

Edison Norge Defrauded of 12.5M Euros

Jan 21, 2020

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 Seeks to Pipe Karish Gas to Cyprus

Nov 19, 2019

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…

Energean Targets Net Zero Carbon Output by 2050

Dec 02, 2019

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…

Energean Sells North Sea Assets to Neptune

Oct 14, 2019

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…

Energean FPSO Hull Floated Out

Oct 03, 2019

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…

Successful Karish North Appraisal

Nov 08, 2019

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…

Energean Power FPSO Floated Out

Sep 23, 2019

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…

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