The European Commission has included a proposed pipeline connecting gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its list of Projects of Common Interest (PCI). This means that the project will have access to a fast-track permitting process and special funding. The project is sponsored by energy group Edison and […]
Chevron has announced the resumption of natural gas supply from the offshore Tamar field, a month after being instructed by the Israeli government to halt operations due to regional unrest. “We have resumed supplying customers in Israel and in the region from the Tamar production platform,” Chevron said in a statement, adding that it was […]
US Chevron has halted natural gas exports through the East Mediterranean Gas (EMG) pipeline between Israel and Egypt. Instead, the company is now supplying gas via an alternative pipeline through Jordan. The decision to halt exports via the East Mediterranean Gas (EMG) pipeline came as fighting has intensified between Israel and Hamas resistance movement in […]
BP and Abu Dhabi National Oil Co (ADNOC) announced that their bid to acquire a 50% stake in Israeli gas producer NewMed Energy for $2 billion is still on track. Under the non-binding offer, made last March, BP and ADNOC would buy 45% of NewMed’s free floating shares and an additional 5% owned by Israeli […]
The Ministry of Petroleum and Mineral Resources announced the results of the international bid round by the Egyptian Natural Gas Holding Company (EGAS) for the search and exploration of natural gas and crude oil in the Mediterranean Sea and Nile Delta regions, which closed in mid-July 2023. Four exploration areas were awarded, three of which were in […]
Minister of Petroleum and Mineral Resources Tarek El Molla chaired an engaging roundtable organized by the Eastern Mediterranean Gas Forum (EMGF) in Cairo, with the participation of EMGF Secretary-General Osama Mobarez. Organized in cooperation with Egypt Oil & Gas (EOG) Group, it was moderated by EOG Founder and Managing Director Mohamed Fouad and witnessed the […]
Cyprus, Greece, and Israel agreed to strengthen regional energy cooperation following the Ninth Trilateral Summit on the 4th of Sep in Nicosia focusing on exports to Europe, especially natural gas, and renewables. “We agreed that the energy sector, and in particular, natural gas, electricity and renewable energy, is a solid foundation for cooperation in the […]
The pipeline for Greece’s first offshore LNG terminal project has been installed in Alexandroupolis, northeast Greece.
Mellitah Oil & Gas, which is a consortium made of the National Oil Corporation of Libya and Eni North Africa, has awarded a contract to Saipem company for developing the Bouri Gas Utilisation Project (BGUP) in Libya which is worth approximately $1 billion. According to the contract, Saipem will take over upgrading the platforms and […]
HELLENiQ ENERGY’s stakeholders have decided to list an additional 20% of the company’s shares on the Athens Stock Exchange (ATHEX) with the aim of increasing the company’s free float.
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