Cairn eyeing Tamar stake offshore Israel
Cairn Energy has been linked with a potential purchase of a stake in Israel’s offshore Tamar gas field from Delek Drilling.
Israel
Traffic jammed at Suez as carrier runs aground
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
Israel blames illegal Iranian oil delivery for beach pollution
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, Israel eye expansion of EMGF
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Ormat under short seller fire over alleged dodgy deals
Geothermal power plant builder Ormat Technologies has rejected claims of “international corruption” from short seller Hindenburg Research.
Egypt talks Leviathan, Gaza Marine plans
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Israel hunts ships as tar closes beaches
Israel has warned its citizens against going to the country’s Mediterranean Sea beaches as tar balls wash up on land.
Qatar, EU oversee Israeli gas deal with Gaza
Israel will sell gas to the Gaza Strip, under a deal involving the European Union and Qatar.
SCA downplays Israel-UAE pipeline competition
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.
Geopolitics threaten to derail East Med local development plans
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 takes FID on Karish North, signs new loan
Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
Pharos cuts better deal in Egypt, seeks farm out
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
Energean completes Edison E&P deal
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
Energean’s Karish project 85% complete
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.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Weak demand to limit East Med gas
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
US launches new Iran sanctions as election looms
The US Department of the Treasury has imposed new financial sanctions on Iran’s oil industry.
Israel and UAE open talks over top-secret oil pipeline
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 lines up decommissioning work off Israel
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
Israel, Lebanon talks raise prospect of gas developments
Israel and Lebanon have begun discussions on shared boundaries, under an agreement brokered by the US.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Iran dismisses US efforts over UN sanctions as currency drops
Iran's president dismissed US efforts to restore all UN sanctions on the country, as mounting economic pressure from Washington pushed the currency down to its lowest level ever on Sunday.
Accord sets stage for Israel, UAE, Bahrain energy co-operation
Israel, the United Arab Emirates and Bahrain have signed a peace agreement that marks a step towards normalising diplomatic relationships in the Middle East.
Energean signs key gas sales contracts for Karish
Energean has signed a pair of key gas sales contracts for its Karish development in the eastern Mediterranean.
Israel approves Chevron deal for Noble
Israel’s Petroleum Council has backed the acquisition of Noble Energy by Chevron.