Questions have been raised over the future of Glengorm, hailed as the UK's largest gas discovery in a decade, after an appraisal campaign yielded no commercial hydrocarbons.
Israeli power producer Dalia Power Energies has opted to terminate its gas purchase from Energean’s Karish and Tanin developments.
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Energean has signed up a rig from Stena Drilling to work on up to five wells offshore Israel.
Algeria will hold its legislative elections on June 12, offering a slim opportunity for change – although with concerns already around turnout and legitimacy.
Energean has pushed back the expected start of operations at its Karish project, offshore Israel, owing to delays in Singapore, while also approving more Karish North work.
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
The first appraisal well on the Glengorm gas field in the UK central North Sea has found "no commercial hydrocarbons", a project partner said today.
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
Energean has taken the final investment decision (FID) on its North El Amriya and North Idkunea (NEA/NI) subsea tieback, offshore Egypt.
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’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.