Lebanon Postpones Offshore Licensing Round Again
Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon had in January postponed the deadline from January 31 to April 30 to allow international firms more time to pursue administrative, technical and financial preparations for the round.
Lebanon 2nd Offshore Licensing Announced
The Ministry of Energy & Water in Lebanon together with the Lebanese Petroleum Administration announced via their website the recommended blocks for bidding during the Lebanese 2nd licensing round for hydrocarbon exploration offshore Lebanon.LPA has recommended 4 blocks for the upcoming 2nd licensing round, which is expected to start in early 2019. The recommended blocks are 1, 5, 8 & 10.
Lebanon Begins Offshore Oil & Gas Exploration
Lebanon's search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France's Total , Italy's Eni and Russia's Novatek. Energy and Water Minister Cesar Abi Khalil also said in a televised statement that Lebanon hoped to launch a second offshore licensing round by the end of 2018 or early 2019.
Lebanon Prepares for Second Offshore Oil and Gas Licensing Round
Lebanon's energy minister said on Tuesday he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.Lebanon in February signed its first offshore energy exploration and production agreements for two of Lebanon's 10 offshore blocks with a consortium of France's Total, Italy's Eni and Russia's Novatek.Energy and Water Minister C
Israel, Lebanon Argue over Offshore Block, Beirut Slams 'Threat'
Israel described as "very provocative" on Wednesday a Lebanese offshore oil and gas exploration tender in disputed territory on the countries' maritime border, and urged international firms not to bid. Lebanese President Michel Aoun, whose country considers Israel an enemy state, described the comments as "a threat to Lebanon". "When they issue a tender on a gas field, including Block 9, which by any standard is ours ...
Lebanon Extends Offshore Oil Bid Deadline
Lebanon's energy ministry has extended a deadline for bids in its first licensing round for offshore oil and gas exploration by four weeks to Oct. 12, the state-run National News Agency (NNA) reported on Friday. Lebanon relaunched the licensing round in January after a three-year delay due to political paralysis at home. The original deadline for pre-qualified companies to submit their bids for exploration and production was Sept. 15.
