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Tag: East Mediterranean
Signing Edison E&P Acquisition Photo

Energean announces completion of Edison E&P acquisition

Posted: December 19, 2020 at 11:48 am   /   Oil & Gas

Energean plc announced that it has completed its acquisition of Edison Exploration & Production S.p.A. (“Edison E&P“) from Edison S.p.A. (“Edison“). The gross consideration* for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired) is 203 million. The enlarged group […]

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gas-drilling

EMG gas pipeline faces ownership change as Delek plans LSE spin-off

Posted: November 30, 2020 at 12:21 pm   /   Oil & Gas

Delek Drilling to transfer ownership in Israel-Egypt gas pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets into a new company it will IPO on the London Stock Exchange, according to a […]

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Frontier

North Africa & Mediterranean E&P Summit to discuss future energy potential of region

Posted: November 28, 2020 at 2:03 pm   /   Oil & Gas

The North Africa & Mediterranean E&P Summit scheduled for the 28th January 2021 showcases top-rated keynotes, deep dive sessions, panel tracks and insights from North Africa and the Mediterranean. Giving insight into the region’s oil & energy portfolio with corporate speakers, leading thinkers, policy makers and key governments with worldwide delegations participating from: Algeria, Morocco, […]

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Noble Energy shareholders approve merger with Chevron in $13 billion deal

Posted: October 5, 2020 at 12:42 pm   /   Oil & Gas

Noble Energy has announced that shareholders of the Company approved the pending merger with Chevron and all other proposals related to the Merger at Noble Energy’s Special Meeting of Shareholders held October 2. Noble Energy anticipates providing final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form […]

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EMGF

Egypt-based EastMed Gas Forum EMGF charter signed by founding members

Posted: September 23, 2020 at 12:10 pm   /   Oil & Gas

The Cairo-based EastMed Gas Forum is now officially an internationally recognized body as founding members sign charter. Egypt takes a major step towards its regional energy hub ambitions with the formalization of the EastMed Gas Forum: The Eastern Mediterranean Gas Forum is now officially an established organization headquartered in Cairo after six of the seven […]

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Energean Power FPSO

Energean’s H1 2020 results: Strong performance with 52.1 kboed production

Posted: September 10, 2020 at 1:01 pm   /   Oil & Gas

Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]

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gas pipeline

Egypt and Cyprus are in “extensive discussion” on planned gas pipeline

Posted: September 1, 2020 at 12:41 pm   /   Oil & Gas

Egypt, Cyprus talking ‘extensively’ about moving ahead with gas pipeline: Egyptian and Cypriot officials are in “extensive discussions” on a planned natural gas pipeline linking the two countries, Al Mal reports, citing an unnamed government official. The construction of the pipeline is proceeding according to schedule despite the covid-19 pandemic, the official said, without mentioning […]

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Karish

Energean announces Karish field update: First topsides lift, FPSO suction anchors installed

Posted: September 1, 2020 at 12:30 pm   /   Oil & Gas

Karish Development: First topsides lift in Singapore and installation of the Energean Power FPSO suction anchors at the Karish field completed Energean plc, the gas producer focused on the Mediterranean, is pleased to announce two important developments in the Karish Development Project. In Singapore, the first topsides module lift on to the Energean Power FPSO […]

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Egypt Greece

Egypt, Greece sign maritime Exclusive Economic Zone demarcation agreement

Posted: August 9, 2020 at 1:03 pm   /   Oil & Gas

Egypt and Greece sign agreement on Exclusive Economic Zone. Egypt and Greece signed an agreement on Thursday designating an exclusive economic zone in the eastern Mediterranean between the two countries, an area containing promising oil and gas reserves, Egyptian Foreign Minister Sameh Shoukry said. Shoukry made the announcement at a joint press conference with his […]

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MEES Chevron

MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover

Posted: July 28, 2020 at 2:52 pm   /   Oil & Gas

US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s 23tcf Leviathan. Just six months after dipping its toe into the East Mediterranean with its first Egypt block, US major […]

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