On February 16, the Council of Ministers approved a third licensing round for offshore oil and gas exploration, which paves the way for launching the preparatory process.
Despite difficult market conditions, Cyprus hopes to build on the positive momentum created …
Cyprus to launch a third licensing round… Is the timing right? Read More »
Israeli Prime Minister Benjamin Netanyahu formed his government on 06/05, with the slimmest of majorities (61 MKs out of a total of 120). His cabinet was sworn in on 14/05. The Energy portfolio went to Yuval Steinitz, a member of …
The new Israeli cabinet: What impact on energy policy? Read More »
The decline in global oil prices continues to weigh on oil and gas companies. Despite modest gains, analysts seem to agree that triple-digit prices are not expected on the short to medium terms, bar a major catastrophe. This has forced …
Eastern Mediterranean: Companies feel the impact of declining oil prices Read More »
Since 2010, policymakers in Israel have had to repeatedly intervene in the energy sector to deal with challenges — not just opportunities — presented by the discovery of large gas fields.
In December 2014, Israel’s antitrust commissioner David Gilo revoked …
As Cyprus and licensed companies prepare to resume exploratory drilling, starting with the ENI-KOGAS consortium, which is expected to start drilling in Block 9 before summer’s end, Nicosia is, more than ever, determined to turn the island into an energy …
Cyprus: Energy potential, export options & revenue management Read More »
Edison seeking to acquire Israeli gas fields Tanin and Karish near Lebanese border?
Italian company Edison, one of the 46 companies shortlisted for Lebanon’s first licensing round (as non-operator), is reportedly negotiating a possible acquisition of two gas fields off …
Lebanon: The Oil & Gas Report, March 10, 2014 Read More »
Lebanon: LNG import tender & FSRU tender confirm business as usual at the MOEW
Thirteen companies responded to the Ministry of Energy and Water’s tender, launched in December 2013, to import liquefied natural gas. The deadline for placing bids, …
Lebanon: The Oil & Gas Report, February 10, 2014 Read More »
Lebanon – Local politics:
The near universal endorsement of Tammam Salam by Lebanese MPs and political factions may have led some to consider that the formation of the next cabinet would be an easy task for the newly appointed …
[Oil & Gas Updates]: Weekly Roundup, April 15, 2013 Read More »