Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
Noble Energy recorded a net loss of US$109 million for 2Q 2015, however managed to slightly increase its total sales volume. Image from Noble. 'Although these are challenging times in our industry…
Noble Energy’s Aphrodite in the Eastern Mediterranean has been deemed commercial, according to the Delek Group. Map of Cyprus. From Noble. Aphrodite is located offshore Cyprus…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
Italy is sitting on sizeable untapped gas resources, yet it still imports a large proportion of its gas. Elaine Maslin reports from the Offshore Mediterranean Conference, Ravenna. Bruno Lescoeur…
What a difference two years make. Unrest in North Africa, the emergence of US shale and tensions with Russia have all put energy high on the agenda. OE spoke to Offshore Mediterranean Conference (OMC) 2015 chairman Innocenzo Titone about…
The oil and gas industry can deal with low oil prices, up to a point, by making itself more efficient. In contrast, there is little it can do about geopolitics and one of the places that is most evident is the Mediterranean. The region has long been home to oil and gas production…
Noble Energy is suspending any further investments in the expansion of Tamar, and initial development of Leviathan until regulatory issues are resolved with Israel. Image of the Tamar field. From Delek…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Sarah Parker Musarra examines Israel’s Leviathan field’s potential and separates fact from misconception. The Tamar field, which was turned around from discovery into production in only four years…
No end in sight for giant conventional discoveries Despite the developments in unconventionals over recent years, giant conventional oil and gas fields continue to be discovered around the world. Over the past 10 years, eight of the top…
Italian major Eni and Korea Gas Corp. (Kogas) signed a cooperation agreement that will allow the two to jointly pursue global opportunities in a number of areas including the upstream and LNG sectors. Image from Kogas…
Cyprus-based Deep Sea Supply has won multiple contract awards with an international major subsea contractor covering about 1000 vessel days. The three paltform supply vessels of PX105 design Sea Spider, Sea Springer and Sea Spark have been awarded contracts for ten…
Inpex’s Australian Ichthys LNG project has reached 50% completion less than two-and-a-half years after its final investment decision was made, the Japanese operator announced on 25 June 2014. The company said that the semisubmersible pipelay…
With attractive exploratory potential, the Levant basin off Lebanon, presents an opportunity for international oil companies (IOC) to position themselves in the promising eastern Mediterranean region, an analyst with research and consulting firm GlobalData says…
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