Mediterranean Sea

Exploration & Production

Chevron Shuts Tamar Gas Field Offshore Israel as Unrest Flares

The Israeli energy ministry said all of Israel’s energy needs will continue to be met despite the shutting down of Tamar.

May 12, 2021

Field Development

BP Begins Gas Production from Third Stage of West Nile Delta Development

The startup is part of the three-phase development of five gas fields.

April 26, 2021

Earnings , Exploration & Production

Energean Targets $2 Billion in Revenue by 2023

Based on its current portfolio, East Mediterranean-focused gas producer Energean reported 2020 revenue of $336 million and $108 million EBITDAX.

April 19, 2021

International

Lebanon PM Approves Expansion of Area Claimed in Maritime Dispute with Israel

The amendment would add about 1,400 square km to the exclusive economic zone claimed by Lebanon in its original submission to the United Nations.

April 12, 2021

Exploration & Production , Transactions

Israel’s Delek in Talks to Sell Tamar Gas Field Stake, Calcalist Reports

Delek owns a 22% stake in Tamar, which it is required to sell by year-end under a government framework to open the sector to competition.

April 5, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 17, 2021

Here’s a snapshot of recent energy deals including the closing of the $465 million acquisition of Williston Basin private operator Bruin E&P by Enerplus plus a merger agreement between Houston-based oilfield services provider Frank’s International and Expro Group.

March 17, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 10, 2021

Here’s a snapshot of recent energy deals including the closing of Riley Exploration Permian’s all-stock merger with Tengasco plus Chevron’s $1.32 billion buyout of Noble Midstream.

March 10, 2021

Field Development , Subsea , Pipelines

Subsea Pipeline Could Double Israeli Gas Exports to Egypt

The new pipeline would have an annual capacity of about 10 Bcm, according to the Israeli energy minister.

March 9, 2021

Exploration & Production , Policy & Regulations

Israel, Cyprus Agree on Framework for Settling Offshore Gas Dispute

Development of the Aphrodite gas field in Cypriot waters has been held up because a small part of it stretches into Israel’s maritime zone and another gas field there. The Cypriot field was first discovered in 2011.

March 9, 2021

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