European Union foreign-policy chief Josep Borrell said EU relations with Turkey are at a crossroads as the bloc presses Ankara to halt controversial energy exploration in the eastern Mediterranean.
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
Energean’s £600 million acquisition of Italian firm Edison E&P has handed the company stakes in a number of UK North Sea assets, including a major discovery.
Energean Oil and Gas said today it intends to raise £330million from an initial public offering in London.
Energean Oil & Gas has signed a secured senior credit of up to $1.27billion to help it pay for the development of the Karish offshore gas field.
DOF Subsea has signed a new contract in the Mediterranean with Transmediterranean Pipeline Company Limited (TMPC) to do pipeline inspections later this year.
Lebanon has relaunched the country's first offshore licensing round for oil and gas exploration following a political paralysis which put the development of the nation's hydrocarbon industry on hold for three years.
The partners in the Leviathan gas field in the Mediterranean have approved the development plan and are targeting start-up by the end of 2019.
Israel’s monopoly watchdog has forced energy firm Delek Group and its partner, Noble Energy, to sell their interests in two gas fields in the Mediterranean amid competition concerns.
BG Group has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery.
EU Climate Action and Energy Commissioner Miguel Arias Canete on Thursday launched a plan to turn the Mediterranean region into "a major gas marketplace" as part of the blocs efforts to reduce dependency on dominant oil and gas supplier Russia.