Mediterranean Sea

Exploration & Production

Egypt Signs Two Mediterranean Deals With Exxon Mobil

The deals involve a minimum investment of $332 million, the petroleum ministry said in a statement.

January 28, 2020

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.

January 15, 2020


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.

January 8, 2020

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.

January 2, 2020

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.

December 31, 2019

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.

December 30, 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.

December 19, 2019

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.

December 18, 2019

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.

December 10, 2019


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.

November 13, 2019