Mediterranean Sea
Field Development
First Gas Announced at Mediterranean Karish Field
Energean Power FPSO has capacity for 800,000 MMcf/d of oil and will support Karish, Tanin and Karish North.
Crude Oil , Trade , International
Saudi, China Agree to Strengthen Energy Cooperation
Prince Abdulaziz and his Chinese counterpart agreed to continue cooperation efforts to maintain stability in oil markets, SPA said, adding that the Kingdom continues to be China’s most reliable partner and supplier of crude oil.
Exploration & Production , International
Lebanon President Accepts Maritime Border Deal with Israel
President Michel Aoun said the deal represented a “historic achievement” in which Lebanon regained 860 sq km (around 330 sq miles) of disputed maritime territory but insisted it did not pave the way to normalization of relations with Israel.
Discoveries
Eni, TotalEnergies Make Significant Gas Discovery Offshore Cyprus
Operated by Eni, the Cronos-1 well encountered an important gas column in a carbonate reservoir sequence of properties ranging from fair to excellent, according to a company press release.
Crude Oil , International
Iran Tanker Retrieves Oil Seized by US, Set to Leave Greece
In April, the U.S. commissioned a tanker to impound Iranian oil off the coast of Greece.
Exploration & Production , Technology
E&P Highlights: Aug. 8, 2022
Here’s a roundup of the latest E&P headlines including new production and contract announcements from the past week in the upstream oil and gas industry.
Field Development
Cyprus, Chevron Press Ahead with Offshore Gas Field Development
Chevron and Cyprus are planning the drilling of a new well in the coming months as part of the continued development of the offshore Aphrodite gas field.
Exploration & Production
Egypt, Chevron Agree to Explore New East Med Gas Deal
Chevron signed an agreement with Egyptian Natural Gas Holding Co. to consider transport, import, liquefication and export of natural gas from offshore Mediterranean fields to Egypt.
International
Iran Expects Confiscated Oil Cargo to Be Returned in Full: Envoy
In response to the U.S. seizing oil cargo from an Iranian-flagged cargo ship last month, Iran announced it expects the confiscated cargo to be returned in full.
Exploration & Production , International
Israel Rejects Lebanese Accusation About Gas Field, Says Conflict Unlikely
Lebanon on June 5 warned against any activity in the disputed area, responding to the arrival of a vessel operated by London-based Energean to produce gas for Israel.