Cyprus, Israel and Greece have been considering a pipeline connecting east Mediterranean gas discoveries to Europe, but the project took a setback when the U.S. pulled its political support for the project in January.
Greece has had indications of significant gas reserves, in the order of hundreds of billion cubic meters, according to sources.
Chesapeake and Southwestern Marcellus wells in Pennsylvania, a Shell Oil deepwater Gulf of Mexico discovery plus Birch Spraberry completions in the Permian Basin top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.
Here’s a snapshot of recent energy deals including the sale by Colgate Energy of the Permian Basin water assets it had recently acquired as part of its $508 million acquisition from Occidental Petroleum.
Here’s a snapshot of recent energy deals including Enbridge’s $3 billion purchase of the largest crude export terminal in North America located along the Texas Gulf Coast.
The Tamar Field, operated by Chevron, is one of Israel’s primary energy sources and can produce 11 billion cubic meters of gas a year.
The Tamar partners said the agreement is to expand the sale of gas by more than $2.2 billion through 2030.
Turkey has already opened eight boreholes in the region, Donmez said, Energy Minister Fatih Donmez said.