Greek PM May Seek Sanctions Against Turkey in Gas Row
Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery of…
BP Sells Egypt Assets to Dragon Oil
BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…
Syria to Start Offshore Energy Exploration in 2019
Syrian offshore gas exploration will begin in early 2019, the country's oil minister has said, Syrian newspaper al-Watan reported on Wednesday. Oil and Mineral Resources Minister Ali Ghanem said contracts for five offshore blocks had been signed with "friendly countries".
Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil
Aker Solutions said it has won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module…
South Africa Mulls First Shale Gas Exploration Licences
South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. The five licence applications under review are for exploration in the semi-arid Karoo basin.
Exxon to Buy Offshore Mozambique Gas Stake
Exxon Mobil Corp said on Thursday it would buy a 25 percent stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8 billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant.
Mozambique Energy Minister Appointed Ahead of Huge Gas Deals
Mozambican President Filipe Nyusi has appointed businesswoman Leticia Klemens as his new energy minister, just weeks after Maputo and Italy's Eni signed a 20-year deal to sell BP liquefied natural gas (LNG). Mozambique's official news agency AIM said…
Eni Reaches Deal with Exxon on Mozambique Gas Project
Italian oil firm Eni has wrapped up long-running talks to sell a multi-billion dollar stake in its planned Mozambique liquefied natural gas (LNG) development to Exxon Mobil, two sources with knowledge of the matter said. "The deal is done but won't be announced for several months at Exxon's request…
Turkish Vessel to Continue Work Off Cyprus
A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities said on Tuesday, extending a simmering standoff between rival sides on the ethnically-split island over offshore gas reserves. The row has already…
US: Noble Energy Deal Should Move Forward, Boosts Energy Security
The United States supports moving forward with offshore natural gas deals in the Mediterranean involving the U.S. company Noble Energy, a State Department spokesman said on Tuesday. U.S. Secretary of State John Kerry has also discussed the issue with Israeli Prime Minister Benjamin Netanyahu…
Greece, Egypt, Cyprus Urge Turkey to Quit Gas Search Off Island
The governments of Egypt, Greece and Cyprus urged Turkey on Wednesday to stop trying to chart gas deposits in areas of the east Mediterranean claimed by Cyprus, saying the work was illegal. Cyprus, a member of the European Union, is anxious to develop…
Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas
Cyprus said on Monday a Turkish research vessel had encroached on an area off its southern coast where it is searching for gas, and it was preparing counter-measures in an escalating row over rights to hydrocarbons in the eastern Mediterranean. Cyprus…
