Mediterranean Sea
Field Development , Natural Gas , Pipelines
Israel Starts Exporting Natural Gas To Egypt Under Landmark Deal
Israel will initially export 200 million cubic feet of gas per day to Egypt, two Egyptian industry sources said.
Trends
A&D Transactions From The Week Of Jan. 8, 2020
Here’s a snapshot of recent energy deals including the sale of Shell’s remaining Haynesville position plus the closing of Callon’s $2.7 billion merger with Carrizo Oil & Gas.
Field Development , Natural Gas , Trade , International , Pipelines
Greece, Israel, Cyprus Sign EastMed Gas Pipeline Deal
European governments and Israel last year agreed to proceed with the so-called EastMed project, a $6 billion to $7 billion pipeline project to carry gas from Israeli and Cypriot waters into Europe.
Exploration & Production
Israel Gets First Gas From Leviathan With Exports To Follow
Texas-based Noble Energy Inc., Israel's Delek Drilling and Ratio Oil said that operations from the offshore Leviathan Field had started, effectively doubling the amount of Israeli-produced gas.
Public Capital , Field Development , Lease Sales
Exxon Mobil Makes Over 1.7 Million-Acre Acquisition Offshore Egypt
Exxon Mobil, which has had a long-standing downstream presence in Egypt dating back to the beginning of the 20th century, marked its foray into gas exploration in the country in February 2019.
Field Development , International
Leviathan Gas Field To Start Up After Israel Court Lifts Injunction
Rescinding a Dec. 17 injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathan’s emissions, in its start-up phase, could prove dangerous.
Field Development , International
Energy Firms Try To End Court Order Delaying Leviathan Gas Output
On Dec. 17, the Jerusalem District Court, in a surprise decision, issued a temporary order that barred any gas emissions from Leviathan, effectively putting the project, which was due to come on line this month, on hold.
Field Development , International
Israel Tells Energy Companies To Hold Off On Cyprus Gas Project
The director general of Israel’s Energy Ministry sent a letter to officials at the three companies, saying development must not commence until agreement is reached between the governments of Israel and Cyprus.
Trends
A&D Transactions From The Week Of Nov. 13, 2019
Here’s a snapshot of energy deals from the past week including Equinor’s sale in the Eagle Ford to Repsol plus nearly $300 million worth of shale acquisitions by Marathon Oil.
Field Development
Noble Energy Targets December First Gas For Leviathan Field
The project in the Eastern Mediterranean is running ahead of schedule and is $150 million under budget.