Israel on Nov. 15 said it was accepting bids for the rights to drill in 24 offshore exploration blocks as the country looks to bolster its oil and gas sector.
Large natural gas deposits have already been found off Israel’s Mediterranean coast, and Israel expects the new tender will attract a host of foreign operators, leading to further discoveries.
Israel’s Energy Ministry also released results from a study conducted by Paris-based consultant Beicip-Franlab that estimated there are still 2,137 Bcm of natural gas and 6.6 billion barrels of oil to be discovered in Israeli waters.
Licenses will be awarded for a three-year period with an opportunity to extend another three years if work has begun. The individual blocs are up to 400 square kilometers (154 square miles) in size.
2022-10-06 - Also, the head of private equity at Riverstone Holdings shares with Hart Energy what makes carbon capture “much more economic than selling into EOR.”
2022-10-05 - Four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered to Southcentral Alaska via the Alaska LNG Project to produce carbon-free ammonia,” Alaska Gasline Development Corp. said.
2022-10-04 - Construction of the Saddlebrook Solar Project in Alberta is scheduled for completion in 2023, TC Energy said.
2022-10-04 - The Western Midstream deal marks the third such agreement between Occidental and a midstream counterparty while also expanding Oxy’s carbon capture opportunity set into new shale basins, analysts with Tudor, Pickering, Holt & Co. noted.
2022-10-03 - The Blandford Road project in southern England will be the first commercial battery storage asset for Equinor, and the first project realized from the strategic partnership between Equinor and Noriker Power.