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.
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.
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.
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.
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.
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.
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.
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.
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.
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.