Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola…
Israel opposes an accord signed last month between Libya and Turkey mapping out maritime boundaries in the eastern Mediterranean, but the deal was unlikely to lead to a conflict with Turkey, Israel's foreign minister said on Monday.The deal…
An Israeli court lifted on Thursday a temporary injunction that had threatened to delay production at the Leviathan gas field due to environmental concerns.Rescinding Tuesday's injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathan's emissions…
Companies developing the huge natural gas field Leviathan will try to convince an Israeli court on Wednesday to remove an injunction that threatens to delay production due to environmental concerns.On Tuesday, the Jerusalem District Court, in a surprise decision…
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday…
State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014.Here are key events in the Saudi state oil giant's planned stock market debut…
Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday.'Within 2-3 weeks we will open the wells and start to supply the gas…
Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25…
Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block offshore Israel to Vassiliko…
The Abu Dhabi National Oil Company (ADNOC) said its drilling subsidiary will acquire dozens of rigs to support that national oil company’s upstream growth plans.In the first phase of the wider fleet expansion program, ADNOC acquired, in November 2019…
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.The world's transition away from fossil fuel in an effort to…
Geophysical services company CGG said it is bringing its integrated geoscience offering for exploration, field development and production optimization directly to the doorstep of national and independent oil companies in the Middle East, with…
Marine geophysical company Polarcus said it has signed a Memorandum of Understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the Middle East and NOrth Africa (MENA) region.Polarcus provides…
Lamprell, a provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and energy sector, said it is partnering with digital solutions and services company Injazat to create and market digital solutions focused on the oil and gas and renewables markets…