Chevron tees up Aphrodite plan, as ministers talk maritime borders
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
Israel
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
NewMed signs MoU with Enlight on renewable energy plan
NewMed Energy has struck a memorandum of understanding (MoU) with Enlight Renewable Energy on developing projects in the Middle East and North Africa.
Should Europe look to the East Med for energy security?
For the first time in decades, we are witnessing an energy crisis the likes of which many of us will have never seen before. Startling levels of volatility across global energy markets are leading governments to implement measures that this time last year would have been unimaginable.
Hezbollah issues threat against Karish’s September start
Hezbollah head Hassan Nasrallah has issued a new threat to Israel’s activities offshore, including around Energean’s Karish development.
Biden faces oil market challenge in Saudi trip
US President Joe Biden is due to visit the Middle East this week, with the oil market watching his trip to Saudi Arabia particularly closely.
Israel shoots down Hezbollah drones headed for Energean FPSO
Israeli forces have shot down three Hezbollah drones that appeared to be heading for the recently arrived FPSO on the Karish field, in the Mediterranean Sea.
Israel sets out plans for fourth bid round
Israel has begun preparations for a fourth offshore bid round (OBR 4), even while still waiting for the closing results of its third round.
Israel will secure Energean FPSO, warns off Lebanon
The Israeli government has stepped in to warn off Hezbollah and Lebanon from interfering with the recently arrived Energean Power FPSO, on the Karish field.
Energean FPSO arrives in Israel
Energean’s FPSO has arrived offshore Israel, aiming to begin producing from the Karish field in the third quarter.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
Energean opens the book on divine discoveries off Israel
Energean has made a commercial gas discovery offshore Israel at its Athena well, within tie-back range of its Karish-Tanin development.
Energean sees landmark 2022 with Karish, dividends starting
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
Iranian missiles target Israelis in Kurdistan, miss US consulate
Iran’s Islamic Revolutionary Guards Corp (IRGC) fired missiles into a Kurdistan city, the autonomous region of Iraq, on March 12.
Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Israel drops UAE oil export plan
Israel has opted not to proceed with a United Arab Emirates-backed plan to transport oil through Eilat.
Delek to return cash to backers after Tamar sale completion
Delek Drilling has completed the sale of its stake in the Tamar field to Mubadala Petroleum for $1.1 billion.
Israel, Jordan strike linked water, power deal
Jordan and Israel have agreed to co-operate on solar and desalination projects, with support from the US and United Arab Emirates.
Energean faces termination claim at Karish
Israeli power producer Dalia Power Energies has opted to terminate its gas purchase from Energean’s Karish and Tanin developments.
Delek seeks LNG expertise amid Leviathan plans
Delek Drilling is ramping up its efforts to expand into LNG, posting a job advertisement for an LNG senior commercial advisor.
Halliburton contract outrages Lebanon
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Delek signs off on Tamar sale with Mubadala
Delek Drilling has signed the sale and purchase agreement with Mubadala Petroleum on the sale of a 22% stake in the Tamar field.
Delek’s Leviathan scales up production, exports
Delek Drilling has reported strong gas production results from the Leviathan field, off Israel, spurring it to bring forward the drilling of another production well.
Iran’s rapid oil comeback looks less likely after tanker attack
Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the US, UK and Israel all blamed on Tehran.
Transition concerns speed fossil fuel development
If energy demand is shifting away from fossil fuels, the most economically rational move for governments is to maximise development of resources now.