Mediterranean Sea
Exploration & Production , Acquisitions & Divestitures
Delek Finalizes $1 Billion Sale of Stake in Chevron-operated Tamar Field
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.
Exploration & Production
Israel Electric Set to Extend Natural Gas Deal with Tamar
The Tamar partners said the agreement is to expand the sale of gas by more than $2.2 billion through 2030.
Exploration & Production
Turkey Could Expand Drilling in Eastern Mediterranean amid Territorial Dispute
Turkey has already opened eight boreholes in the region, Donmez said, Energy Minister Fatih Donmez said.
Exploration & Production
Israel Directs Chevron to Restart Tamar Gas Field
Production at the Tamar platform was expected to reach full capacity within 36 hours of its restart, Chevron said in a statement May 21.
Exploration & Production , Policy & Regulations
Marine Environmental Groups to Train Offshore Observers in Israel
Observers will work with oil and gas operators in the eastern Mediterranean.
Exploration & Production
Chevron Shuts Tamar Gas Field Offshore Israel as Unrest Flares
The Israeli energy ministry said all of Israel’s energy needs will continue to be met despite the shutting down of Tamar.
Field Development
BP Begins Gas Production from Third Stage of West Nile Delta Development
The startup is part of the three-phase development of five gas fields.
Earnings , Exploration & Production
Energean Targets $2 Billion in Revenue by 2023
Based on its current portfolio, East Mediterranean-focused gas producer Energean reported 2020 revenue of $336 million and $108 million EBITDAX.
International
Lebanon PM Approves Expansion of Area Claimed in Maritime Dispute with Israel
The amendment would add about 1,400 square km to the exclusive economic zone claimed by Lebanon in its original submission to the United Nations.
Exploration & Production , Transactions
Israel’s Delek in Talks to Sell Tamar Gas Field Stake, Calcalist Reports
Delek owns a 22% stake in Tamar, which it is required to sell by year-end under a government framework to open the sector to competition.