Lebanon Announces Offshore Blocks
Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders.Offshore energy…
ExxonMobil Finds Natural Gas Off Cyprus
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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…
Eni Ramping up Production at Zohr Field
Production from Egypt's huge Zohr offshore gas field in the Mediterranean will reach 2.9 billion cubic feet per day by mid-2019, Italy's Eni said on Monday. Speaking at an industry event in Cairo, CEO…
Eni/Total Find NatGas off Cyprus
Italy's Eni and France's Total have discovered a promising natural gas field off Cyprus, Eni said on Thursday, saying the find looked geologically similar to the mammoth Zohr field off Egypt. Further analysis…
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.
Bids Close on Lebanon Offshore Energy Blocks
Lebanon's energy minister Cesar Abi Khalil on Thursday said a tender had closed on a first round of offshore energy blocks, without saying how many companies had bid. It will take years for revenue from…
Lebanon Passes Oil Tax Law
Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licences next month.
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.
Cyprus Approves Eni, Total, Exxon Offshore Block Deals
Cyprus's cabinet on Friday approved contracts with France's Total, Italy's Eni , Exxon Mobil and Qatar Petroleum to explore for oil and gas in offshore areas south of the island, officials said. Exploring…
Cyprus: Statoil, Exxon, ENI, Total Mulling Offshore Gas
Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for offshore hydrocarbon blocks which lapsed last week, its energy ministry said on Wednesday.
Cyprus Gets Six Expressions of Interest in Gas Licensing Round
Cyprus has received six applications from eight companies for licensing rights in three offshore blocks up for hydrocarbon exploration. The east Mediterranean island sits in the Levant basin, where neighbouring…
Harel to Buy Tamar Gas Field Stake From Noble
Harel Insurance Investments and Financial Services and the Israel Infrastructure Fund (IIF) are to buy 3 percent of the Tamar natural gas field from Texas-based Noble Energy for $369 million. Noble owns 36 percent of the Tamar field…
Cheaper Oil Boon for North Africa, Gulf Exporters Unfazed
Arab economies could face biggest shift since global crisis; oil price far from levels that would hurt Gulf exporters. Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing…
UN Warns of Sanctions for Oil Trading with Syria, Iraq Militants
The U.N. Security Council expressed grave concern on Monday over reports that radical militants have seized oilfields and pipelines in Syria and Iraq and warned that anyone caught trading in oil from the "terrorist groups" could face sanctions.
Iraqi Kurdish Oil Nears US Port Despite Concern in Washington
A tanker carrying crude oil from Iraqi Kurdistan is just one day away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales from the autonomous region.
Mortars Land in Saudi Arabia near Iraq
Mortar attack near Arar caused no casualties; Iraq militants have seized land near border. Attack follows raid in south of country by al Qaeda. Three mortar bombs landed inside Saudi Arabia on Monday close to its northern border with Iraq…
Another Big Oil Outage Would Strain Supply
The world's unused spare oil production capacity would struggle to cover for another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq's southern exports be disrupted.
Terminal in Southern Iraq Achieves Record Oil Exports Despite Unrest
According to loading data and industry news, export terminal in southern Iraq's oil exports in June approaching record highs, despite the attacks on Sunni Islamist insurgents, and most of Iraq's northwestern…
Crude Falls Below $114 as Iraq Supply Fears Ease
U.S. Brent crude dipped below $114 a barrel on Monday as worries about disruptions to Iraqi crude supplies began to look overdone given that exports have so far been unaffected by a Sunni Islamist insurgency.
