BP, Adnoc make take private offer for NewMed
BP said the offer was in line with its "stated strategy and financial frame including current guidance for capital expenditure".
BP said the offer was in line with its "stated strategy and financial frame including current guidance for capital expenditure".
The Israeli company has also talked about building a third gathering line at Leviathan, with a final investment decision (FID) due early this year.
Pipeline installation work at Chevronโs Tamar gas field will get under way in 2024.
โItโs a matter of cost,โ DNVโs Mediterranean manager Andrea Spessa said. โThis pipeline is the best solution to transport energy from one country to another in this range.โ
โAlong with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.โ
Adnoc has awarded a pre-construction award for offshore facilities on the Hail and Ghasha project to a group including National Petroleum Construction Co. (NPCC).
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.
Adnoc has awarded Samsung Engineering a letter of award for pre-construction services on the Hail and Ghasha project.
With Qatar at the centre of a โsellersโ marketโ for LNG, what can the East Mediterranean offer European governments to ease the pressure?
Turkeyโs TPAO has added another 58 billion cubic metres of gas to its holdings with a discovery at the Caycuma-1 well.
AD Ports Group has agreed to launch a joint venture with Kazakhstanโs national oil company to provide shipping services in the Caspian Sea.
However, QPD launched its work in the late 1990s and began producing in March 2006. The fields have now produced 33.5 million barrels of oil.
TotalEnergies aims to drill โas soon as possibleโ in Lebanonโs Block 9, in 2023, following talks with the Lebanese government.
Chevron (NYSE:CVX) has taken a final investment decision (FID) to expand the Tamar field, offshore Israel.
Adnoc has brought forwards its plans to reach 5 million barrels per day of production, while boosting reserves and setting out plans for an IPO of a new gas unit.
TotalEnergies and Eni have reached a deal with Israel allowing them to begin exploration in Lebanonโs Block 9.
NewMed Energy has signed a non-binding memorandum of understanding (MoU) to supply natural gas, and develop blue hydrogen, for delivery into Europe with Uniper.
Energean has added another 13 billion cubic metres of gas offshore Israel at its Zeus exploration well, with one more well to drill.
Energean has reached first gas from its Karish field, offshore Israel, with more wells coming online over the next month.
Adnoc Drilling has drilled a new world record for the longest well, at the Upper Zakum concession.
Saipem has won a $4.5 billion contract from Qatargas for two offshore gas compression complexes.
Israel and Lebanon have reached a draft agreement, settling the maritime dispute that had threatened energy developments.
Shelf Drilling has signed a five-year contract for its recently acquired Shelf Drilling Victory in the Arabian Gulf.
Israel has approved โcertain testing proceduresโ for Energean, allowing the company to begin tests as its Karish gas field.
Adnoc Offshore has awarded a $1.53 billion contract to the companyโs Adnoc Drilling unit.