Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations.While limited in scope, the agreement is set to ease security and economic concerns in both countries…
Oil and gas company Energean said Thursday it had made a commercial gas discovery at the Hermes exploration well in the Mediterranean Sea, offshore Israel.The Hermes exploration well, located in block 31 offshore Israel, has discovered between 7 and 15 bcm of gas…
Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect. Hoping to defuse one source of conflict between the hostile countries and prod them toward accommodation…
TotalEnergies TTEF.PA of France and Italy's Eni ENI.MI on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around 4.5 trillion cubic feet (tcf) and now run by U…
Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two-year hiatus, though President Tayyip Erdogan said its new drillship would operate outside waters also claimed by Cyprus.The Abdulhamid Han…
Turkey sent its new hydrocarbons drilling ship to the Mediterranean Sea on Tuesday but President Tayyip Erdogan said it would operate 55 kilometres (34.18 miles) off Turkey's coast, in an area outside waters also claimed by Cyprus.Speaking at the launch ceremony in the southern province of Mersin…
Cyprus' Ministry of Energy, Commerce, and Industry and Chevron on Thursday affirmed their 'mutually beneficial cooperation in viably and efficiently developing' the Aphrodite gas field, offshore Cyprus, with the plan to have a development concept ready by the end of the year…
The head of powerful armed group Hezbollah warned on Wednesday that 'no one' would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its 'rights' in extracting from areas off of its own coast.'If you don't give us the rights that our state is asking for…
Lebanon's Hezbollah said on Saturday it had sent three unarmed drones towards an Israeli Mediterranean gas rig , which the Israeli military said it had intercepted. [Reuters illustrated the news with a photo of Stena Drilling's Stena IceMax drillship]…
British oil major BP has won the rights to an exploration block in the Mediterranean Sea, offshore Egypt.Accoridng to a press statement sent to Offshore Engineer by BP, the company won the rights to the The King Mariout Offshore area, located…
Danish offshore wind turbine maker Vestas will deliver wind turbines for the 30 MW Eolmed floating offshore wind farm, to be located 18 km off the coast of Gruissan and Port-la Nouvelle, France, in the Mediterranean Sea.The project, owned by Qair…
Egypt's state-owned gas company and U.S.-based Chevron Corp on Monday signed a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export.The memorandum of understanding signed…
Mediterranean Sea-focused oil and gas company has exercised its options to drill two further wells offshore Israel using Stena Drilling's drillship Stena IceMAX.The drillship, which was used to make the Athena gas discovery last month, has just…
Offshore oil and gas drilling company Vantage Drilling International has entered into a drilling services contract with the oil major TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The contract is for a minimum…
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.The draft memorandum of understanding…