Neptune Energy will pay £4 million to terminate a deal which would have given it 25% of the 250 million barrels of oil equivalent Glengorm discovery in the UK North Sea.
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
The proposed East Mediterranean gas pipeline will be “impossible” without consent from Turkey, according to Northern Cyprus’ Prime Minister Ersin Tatar.
Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu will on Thursday sign an accord for the construction of the Eastern Mediterranean natural gas pipeline.
Mediterranean-focused oil and gas firm Energean has announced its intention to become a net-zero emissions exploration and production (E&P) company by 2050.
Neptune Energy has announced that it has entered into a conditional sale with Energean for Edison E&P’s 25% stake of the giant Glengorm North Sea project
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
Energean’s £600 million acquisition of Italian firm Edison E&P has handed the company stakes in a number of UK North Sea assets, including a major discovery.
Chinese, French and Italian energy firms are celebrating the biggest gas find in the UK North Sea in more than a decade.
A unit of EDF said it wants to triple its Italian customer base and buy Eni's retail base.