If energy demand is shifting away from fossil fuels, the most economically rational move for governments is to maximise development of resources now.
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.
Rockets fired from Gaza hit a tank in Israel on May 11, causing a fire that continues to burn.
Delek Drilling has signed a non-binding memorandum of understanding (MoU) with Abu Dhabi’s Mubadala Petroleum on the sale of a gas field offshore Israel.
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.
Cairn Energy has been linked with a potential purchase of a stake in Israel’s offshore Tamar gas field from Delek Drilling.
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
Israel has pointed the finger of blame for pollution of its beaches at Iran, saying an illegal delivery of crude to Syria had gone awry.
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Geothermal power plant builder Ormat Technologies has rejected claims of “international corruption” from short seller Hindenburg Research.
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Israel has warned its citizens against going to the country’s Mediterranean Sea beaches as tar balls wash up on land.
Israel will sell gas to the Gaza Strip, under a deal involving the European Union and Qatar.
The Suez Canal Authority (SCA) has denied that the reopening of the Eilat-Ashkelon pipeline would have an impact on flows through the Egyptian waterway.
Despite discussion around East Mediterranean’s gas having a global impact, it is locally that will be the most important, speakers at a recent event said.
Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
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.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
The US Department of the Treasury has imposed new financial sanctions on Iran’s oil industry.
Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
Israel and Lebanon have begun discussions on shared boundaries, under an agreement brokered by the US.