The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects…
US-based Noble Energy says it is imperative that the Israeli government follows through with and approves a framework agreement to develop Leviathan and Tamar, which was presented to the Knesset yesterday (2 September). Map of Israel…
Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…
The Israeli government entered into an agreement with the consortia of Noble Energy and the Delek Group to move forward with development plans for the Leviathan field in addition to Karish, Tanin and the further development of Tamar. Prime…
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country’s coast. Prime Minister Netanyahu. From GPO. 'Today…
In a potential stroke of good news for Noble Energy, the Director General of the Israeli Antitrust Authority, David Glio, announced his resignation on 25 May. However, Glio will remain in his role until August. Glio’s resignation is notable…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
The Leviathan project takes another hit after the Palestine Power Generation Co. (PPGC) gave its notice to cancel its 20-year agreement to supply natural gas for Leviathan, offshore Israel. Map of Israel…
Noble Energy’s Aphrodite in the Eastern Mediterranean has been deemed commercial, according to the Delek Group. Map of Cyprus. From Noble. Aphrodite is located offshore Cyprus…
Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
Infield Systems’ Catarina Podevyn takes a look at recent oil price movements and market conditions on the deepwater (500m+) capex spending up to 2019. Olympus platform in deepwater US Gulf of Mexico…
Noble Energy is suspending any further investments in the expansion of Tamar, and initial development of Leviathan until regulatory issues are resolved with Israel. Image of the Tamar field. From Delek…
The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt. Tamar field. From Delek. For the first three years of the seven-year contract…
The Israel Anti-trust Authority advised Noble Energy and its Leviathan field partners of its decision to not submit the Consent Decree to the Anti-trust Tribunal for final approval. Maps from Noble. Noble…
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