BG Group secured 35% stake from Houston-based Noble Energy in Block 12 offshore Cyprus in a US$165 million farm out deal, which gives the UK deepwater and LNG focused company a piece of the Aphrodite natural gas discovery. Map of Cyprus…
Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics…
Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt’s East Mediterranean Sea. Photos from BP…
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…
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…
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…
Italy is sitting on sizeable untapped gas resources, yet it still imports a large proportion of its gas. Elaine Maslin reports from the Offshore Mediterranean Conference, Ravenna. Bruno Lescoeur…
What a difference two years make. Unrest in North Africa, the emergence of US shale and tensions with Russia have all put energy high on the agenda. OE spoke to Offshore Mediterranean Conference (OMC) 2015 chairman Innocenzo Titone about…
The oil and gas industry can deal with low oil prices, up to a point, by making itself more efficient. In contrast, there is little it can do about geopolitics and one of the places that is most evident is the Mediterranean. The region has long been home to oil and gas production…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Sarah Parker Musarra examines Israel’s Leviathan field’s potential and separates fact from misconception. The Tamar field, which was turned around from discovery into production in only four years…
Italian major Eni and Korea Gas Corp. (Kogas) signed a cooperation agreement that will allow the two to jointly pursue global opportunities in a number of areas including the upstream and LNG sectors. Image from Kogas…
Cyprus-based Deep Sea Supply has won multiple contract awards with an international major subsea contractor covering about 1000 vessel days. The three paltform supply vessels of PX105 design Sea Spider, Sea Springer and Sea Spark have been awarded contracts for ten…
Inpex’s Australian Ichthys LNG project has reached 50% completion less than two-and-a-half years after its final investment decision was made, the Japanese operator announced on 25 June 2014. The company said that the semisubmersible pipelay…
With attractive exploratory potential, the Levant basin off Lebanon, presents an opportunity for international oil companies (IOC) to position themselves in the promising eastern Mediterranean region, an analyst with research and consulting firm GlobalData says…
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