Like a Christmas present, what was widely rumored and anticipated following recent Israeli hydrocarbon discoveries, Houston’s Noble Energy announced in late December 2011 the results of its recent well in the Cypriot Economic Zone. It contains up to 9tcf of natural gas…
Last month, Noble Energy, the Houston company that has played a vital role in drilling and confirming massive deepwater natural gas deposits (some of the largest in recent memory) in Israeli and Cypriot waters, announced a 30% sale of the Leviathan field to Australia's Woodside for about $2…
Radius Oceanic Communications and the Cyprus Telecommunications Authority (Cyta) announced the launch of the Poseidon project, a high capacity undersea cable system intended to provide advanced telecommunications facilities to the offshore oil & gas industry in the Eastern Mediterranean region…
As the tension between Israel and Iran ratchets up, an interesting sub-text has developed over the role of Iran’s traditional backer, Russia. While many Western observers continue to raise the spectre of a ‘wider Middle East conflagration’, and one that could drag in Russia…
Recent events in North Africa provide a stormy backcloth to the Offshore Mediterranean Conference (OMC) in Ravenna 23-25 March, but the region nonetheless remains a highly prospective one for the offshore sector especially with Noble beginning to unlock the treasures of the Levantine Basin…
With industry interest reawakened by recent deepwater, sub-salt gas finds offshore Israel, the eastern Mediterranean and Levantine Basin today loom large on the frontier exploration agenda. Here, Øystein Lie, Thore Sortemos and Per Helge Semb…
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