Mediterranean Sea
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.
Trade , International
US Seizes Iranian Oil Cargo Near Greek Island
The U.S. will send Iranian oil confiscated from a Russian-operated and Iranian-flagged tanker to the U.S. The ship was impounded as part of EU sanctions on Russia for the invasion of Ukraine but later released.
Emerging Plays
Eni-Total Consortium Starts Exploratory Gas Drilling Off Cyprus
Eni and TotalEnergies began the drilling of an exploration gas well on Monday off the coast of Cyprus as part of the 'Cronos-1' project.
Natural Gas , Infrastructure , Pipelines
Proposed EastMed Gas Pipeline is Not Viable: US Diplomat
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.
Exploration & Production , Policy & Regulations
Greece to Accelerate Stalled Gas Exploration Off Crete, Ionian Sea: Sources
Greece has had indications of significant gas reserves, in the order of hundreds of billion cubic meters, according to sources.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Oct. 29, 2021)
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.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 22, 2021
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.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 15, 2021
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.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 8, 2021
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.