Mediterranean Sea

Field Development

Energean’s First Gas from Israeli Fields Faces Possible Delay

Energean said on Jan. 21 there were delays in increasing the workforce building its FPSO vessel in Singapore, which was due to sail to Israel toward the end of the third quarter.

January 21, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 20, 2021

Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin. 

January 20, 2021

Field Development

Energean Approves Israel Gas Field Development

The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023, the company said in a statement.

January 14, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 13, 2021

Here’s a snapshot of recent energy deals including the closing of Devon’s all-stock merger with WPX plus Pioneer completed its acquisition of Parsley creating a premier Permian independent energy company.

January 13, 2021

Exploration & Production , International

Turkey, Greece to Resume Suspended Talks over Disputed Waters

Turkey and Greece are at odds over the extent of their continental shelves in the Mediterranean, energy rights in the region, air space and the status of some islands in the Aegean Sea.

January 12, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 6, 2021

Here’s a snapshot of recent energy deals including the closing of Cenovus Energy’s nearly $5 billion acquisition of Husky plus a $215 million deal in the Powder River Basin.

January 6, 2021

Public Capital , Exploration & Production , Acquisitions & Divestitures

Energean to Pay Up to $405 Million for Remaining Stake in Fields Offshore Israel

Energean, which currently holds 70% interest in its Israeli unit, said it would pay private-equity firm Kerogen Capital between $380 million and $405 million to acquire the remaining stake.

December 30, 2020

Exploration & Production , Policy & Regulations

Turkey’s Erdogan Shrugs Off EU Sanctions Threat

EU foreign ministers said on Dec. 7 that Turkey had failed to help end a row with Greece and Cyprus over potential gas resources in the eastern Mediterranean.

December 9, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Dec. 4, 2020)

Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.

December 4, 2020

Exploration & Production , Policy & Regulations

Israel, Lebanon Resume Talks on Disputed Maritime Border

The countries held three rounds of talks in October hosted by the United Nations at a peacekeeper base in southern Lebanon.

November 11, 2020