Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
Iman Hill, an industry veteran of 30 years, has replaced Gordon Ballard as executive director of the International Association of Oil and Gas Producers (IOGP).
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Energean has signed a pair of key gas sales contracts for its Karish development in the eastern Mediterranean.
Energean will listen to offers for huge UK gas discovery, but not ‘actively’ seeking buyers, boss says
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Neptune Energy’s exploration vice president is leaving her role as the company shifts focus to “activities that will deliver the most value” amid the oil downturn.
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
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.
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.
The purchase of Edison E&P will provide Energean with insulation from oil price volatility, although the company has trimmed its capital expenditure plans in 2020.
The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.
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.
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.
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Well construction firm DeltaTek has announced it won more than £1.5 million in contract awards in 2019.
New projects will raise production at private-equity-backed Neptune Energy by 110,000 barrels of oil equivalent (boe) per day in the next two years.
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q3 2019 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.