Saturday, June 23, 2018

ENI Finalizes Lucrative Shorouk Stake Sale - PETROLEUM AFRICA

Thursday, June 21, 2018

ENI finalized the sale of a 10% stake in its Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is located offshore Egypt, holding the massive Zohr gas field.

Following a record start-up less than two and a half years from discovery, the project is now in its ramp-up phase with the aim of reaching 2 Bcf/d of total installed treatment capacity by the end of the year, and a production plateau of 2.7 Bcf/d by the end of 2019.

Claudio Descalzi, ENI CEO said: “We welcome today’s announcement with Mubadala Petroleum, a strong and reliable partner with whom we look forward to working with. Working alongside significant partners such as Mubadala Petroleum, BP and Rosneft is a further boost for the development of Zohr and underlines the quality of the asset, which will play a fundamental role in supporting Egypt’s goal of achieving energy independence.”

SDX Energy reports gas discovery in Egypt's South Disouq Concession - WORLD OIL


LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its SD-4X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator).

The SD-4X well was drilled to a TD of 7,806 ft and encountered 89 ft of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 24%. The well came in on prognosis with a reservoir section of similar quality but thicker than the original SD-1X discovery well.

The well will be completed as a producer in the Abu Madi and then tested after the drilling rig has moved off location. The testing is anticipated to commence between 30 and 45 days after the rig departs, depending on the availability of testing equipment. Assuming a successful test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SD-1X discovery, where production start-up is anticipated late in fourth-quarter 2018. After completion, the rig will move to the SD-3X well which is the second of two appraisal locations included in the 2018 development program.

Friday, June 22, 2018

Cyprus, Israel, Greece pledge deeper military ties - ABC NEWS / ASSOCIATED PRESS

Lieberman (L), Angelides (C), Kammenos (R)
Larnaca, Cyprus — Jun 22, 2018, 11:28 AM ET
Menelaos Hadjicostis

Cyprus, Israel and Greece must forge deeper military ties to improve security and more effectively counter common threats in a turbulent region, the countries' defense ministers said Friday.

Cypriot Minister Savvas Angelides and his Israeli and Greek counterparts Avigdor Lieberman and Panos Kammenos said they also seek to expand cooperation on cybersecurity, joint military drills and search and rescue operations in the eastern Mediterranean.

The Israeli defense minister said the threat of terror attacks and the challenges posed by illegal migration in a region he called "an ocean of violence" where "rogue states" operate must be met collectively.

"It's much better to counter regional threats together," Lieberman told a news conference. He also said Israel will host the ministers' next trilateral meeting.

The ministers also hailed the first conference bringing together Cypriot, Greek and Israeli companies active in the military industry.

Thursday, June 21, 2018

"Catastrophic Damage" in Fighting at Ras Lanuf Terminal - THE MARITIME EXECUTIVE

Tank roof burns, Ras Lanuf, June 16 (National Oil Company)
2018-06-21 14:32:43Amer Hammuda

On Wednesday, Libya's National Oil Corporation reported "catastrophic damage" to two of the five tanks at the Ras Lanuf oil terminal due to fighting between militia groups.

The damage resulted in a 400,000-barrel reduction in crude oil storage capacity (from 950,000 barrels to 550,000 barrels), and the NOC said that Tank 2 is in danger of leaking and spreading the fire to the three surviving tanks. Ras Lanuf's terminal once had about a dozen tanks, but the long series of conflicts since the end of the Gaddafi era have destroyed all but a few.

The so-called Petroleum Facilities Guard militia attacked the terminals at Ras Lanuf and Es Sider on June 14. The group controlled the terminals until last year, when they were seized from by forces loyal to Gen. Khalifa Haftar, who controls the eastern half of Libya. The attack forced the NOC to evacuate employees, declare force majeure and suspend loadings, cutting Libya's daily oil export volume in half.

One employee was shot and injured during the attack on the terminal, and several more were robbed, NOC reported. All others were evacuated safely.

Wednesday, June 20, 2018

Mubadala unit acquires 10% stake in offshore Egyptian gas field - ARABIAN BUSINESS

Dr Bakheet Al Katheeri, CEO, Mubadala Petroleum.
Wed 20 Jun 2018 03:39 PM GST

Mubadala Petroleum completes acquisition from Italy's Eni of the interest in the Shorouk concession in Egypt, which contains the giant Zohr gas field

Mubadala Petroleum has announced that it has completed the acquisition from Italy’s Eni of a 10 percent interest in the offshore Shorouk concession in Egypt, which contains the giant Zohr gas field.

Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the concession are BP with 10 percent interest and Rosneft with 30 percent interest.

The Zohr field was discovered by Eni in August 2015 and is the largest natural gas field ever found in the Mediterranean, with a total potential of up to 30 trillion cubic feet of gas in place.

The field is currently producing over 1.1 billion cubic feet of gas per day (bcfd), equivalent to approximately 200,000 barrels of oil equivalent per day. Production is expected to increase to 2 bcfd by end 2018 and to reach a production plateau of 2.7 bcfd by end 2019.

Europe: Cyprus to launch tender for FSRU purchase - BUNKERSPOT


The floating storage regasification unit (FSRU), which will be permanently stationed in Vasilikos harbour, is expected to facilitate LNG bunkering.

The FSRU is a key component of the CyprusGas2EU project, which falls under the European Union’s (EU) CYnergy project that aims to promote the uptake of natural gas in Cyprus and the development of a sustainable and fully functional natural gas market.

In a keynote address during a workshop in Nicosia earlier this week, Energy Minister Giorgos Lakkotrypis, who revealed that a separate tender for the import of LNG would be launched by the end of the year, said that Cyprus2GasEU had received €101 million in funding from the EU for the €250 million project.

‘Essentially, we shall be able, where necessary, to trade LNG between the infrastructures at Vasilikos and the [LNG terminal] at Revythousa in Greece,’ Lakkotrypis was quoted as saying by Cyprus Mail.

Tuesday, June 19, 2018

Total confirms interest in expanding in Cyprus - CYPRUS MAIL

Total's Stephane Michel at the presidential palace on Tuesday
JUNE 19, 2018  
Elias Hazou

French oil and gas giant Total is interested in broadening its presence in Cyprus’ hydrocarbons space, president Nicos Anastasiades said on Tuesday after seeing a senior executive of the company.

“There is an ongoing positive consultation,” Anastasiades told reporters following a meeting at the presidential palace with Stephane Michel, head of Total’s Middle East and North Africa Exploration & Production.

Energy minister Giorgos Lakkotrypis, present at the meeting with Michel, confirmed that the French multinational is interested in expanding their activities in Cyprus’ Exclusive Economic Zone (EEZ).

Asked whether Total wanted to buy into licensed acreages other than block 8, he said: “There is an interest broadly speaking, there are various ways in which the company wants to expand.

“This development absolutely satisfies us.”

Total recently applied to acquire a 50 per cent stake in block 8, licensed to ENI.

Delek, Noble, Egyptian partner in talks to acquire stake in EMG - ENTERPRISE

Tuesday, 19 June 2018

Delek, Noble, Egyptian partner in talks to acquire stake in EMG, which could quash outstanding arbitration ruling: The stars appear to be aligning in favor of an agreement that could see Egypt become a hub for East Mediterranean gas and end a long-standing arbitration case. Israel’s Delek, its Texas-based partner on the Leviathan gas field in Israel Noble Energy, and an unnamed Egyptian partner are in advanced talks to close on the acquisition of a 37% stake in the East Mediterranean Gas Company (EMG), which owns a pipeline that had once been used to transport Egyptian LNG to Israel, people familiar with the matter tell Bloomberg.

Clearing the way for gas imports from Israel: The stakes under discussion include those currently owned by businessmen Sam Zell and Yossi Maiman, who along with Israel Electric Corporation, successfully won arbitration cases against Egypt for cutting off natural gas exports to Israel in favor of domestic consumption back in 2012. If completed, the transaction would make the consortium the largest voting bloc in EGM, and potentially clearing the biggest legal hurdle standing against Egypt importing gas from Israel. As we noted last week, Delek shareholders will meet on 1 July to vote on investing USD 200 mn to buy EMG.

Sunday, June 17, 2018

SDX announces spud of SRM-3 oil well in Egypt - OIL REVIEW MIDDLE EAST

Sunday, 17 June 2018 06:39

SDX Energy Inc, the North Africa-focused oil and gas firm, has announced to spud its SRM-3 appraisal well at South Ramadan, Egypt, where SDX has a 12.75 per cent working interest

The SRM-3 well is the last remaining commitment well on the South Ramadan concession. The well is anticipated to take up to 90 days to drill and complete. Based upon the results of this well SDX will decide how to optimise its position in the licence.

London-headquartered SDX is a continual player in North Africa’s oil and gas sector. In May 2018, the company achieved positive results of the well test conducted on the Ibn Yunus 1X well, following the conventional natural gas discovery at South Disouq, Egypt.

Apart from Egypt, SDX has a significant presence in Morocco’s oil and gas sector as well. It made a conventional natural gas discovery at the LMS-1 exploration well on the Lalla Mimouna permit in Morocco, where the company has 75 per cent stake.

Referring to oil and gas activities in North African nations, Paul Welch, president and CEO of SDX, said that the company remain optimistic about further positive news flow as we move towards delivering the first gas from the licence before the end of 2018.

In 2017, the company was awarded gas discovery at KSR-14 and KSR-15 well on the Sebou area in Morocco. In 2016, SDX Energy and Dana Petroleum commenced drilling operations on its high-impact exploration well on Bakassi West in Cameroon, Central Africa’s major oil and gas project.

Friday, June 15, 2018

Attack shuts major Libyan oil ports, slashing production - INDIA TIMES / REUTERS

REUTERS | June 15, 2018, 07:45 IST

The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday after armed brigades opposed to the powerful eastern commander Khalifa Haftar stormed them, causing a production loss of 240,000 barrels per day (bpd).
At least one storage tank at Ras Lanuf terminal was set alight following the early morning attack, an engineer told Reuters. Libya's National Oil Corporation (NOC) declared force majeure on loadings from both terminals.

The clashes between forces loyal to Haftar's Libyan National Army (LNA) and rival armed groups continued throughout the day south of Ras Lanuf, where the LNA was targeting its opponents with air strikes, local sources said.

Military sources said the LNA had withdrawn from both ports.

Egypt's Zohr gas field to hit 1.75 bln cubic meters daily by August - XINHUA

2018-JUNE-15 01:08:05

CAIRO -- Egypt's Petroleum Minister Tarek al-Molla said on Thursday the production at the offshore Zohr Field will hit 1.75 billion cubic meters of gas daily by August.

In a press statement the minister added the production will be gradually increased further by the end of the year.

"The third unit of the gases treatment station in Zohr Field was operated ten days ahead of schedule," he added stressing the importance of overcoming any difficulties facing the implementation of the project.

On May 30, al-Molla said that the field is expected to produce 2 billion cubic feet of gas per day (bcf/d) by the end of 2018 which was the double of the previously expected production.

The Zohr Field, the largest natural gas discovery ever made in the Mediterranean, is located off Egypt's northern coast within the Shorouk block, some 190 km north of the Suez Canal city of Port Said.

Field production is expected to rise to 2.7 bcf/d by the end of 2019, transforming Egypt into a regional power hub.

Thursday, June 14, 2018

Israel, Egypt Gas Cos Near Deal to Control EMG Pipeline - BLOOMBERG

June 14, 2018, 5:40 PM GMT+3Mirette Magdy and Yaacov Benmeleh
  • Delek, Noble, Egyptian partner said in talks to buy 37% stake
  • Deal would end key obstacle to $15B Israel-Egypt gas contract
The companies developing Israel’s largest natural gas fields and an Egyptian partner are close to a deal that would give them control of the pipeline to Egypt, eliminating some of the outstanding legal disputes that have impeded progress on a $15 billion export contract.

Israel’s Delek Drilling LP, U.S.-based Noble Energy Inc. and an Egyptian company are in advanced talks to buy 37 percent of East Mediterranean Gas Ltd., which operates the undersea pipeline that connects to Egypt’s Sinai peninsula, people familiar with the matter said. The buyout would give the companies the largest voting bloc in EMG and they expect to reach an agreement with other stakeholders to control and operate the pipeline, the people said.

The stakes under discussion include those currently owned by businessmen Sam Zell and Yossi Maiman, who had successfully filed arbitration cases against Egypt over a previous deal. The buyout would clear a major obstacle to the use of EMG’s pipeline to transport 64 billion cubic meters of natural gas from Israel’s Tamar and Leviathan fields to Egypt’s Dolphinus Holdings Ltd. over 10 years.

Wednesday, June 13, 2018

SUBSEA 7 awarded contract offshore Egypt - SUBSEA 7

13 Jun 2018

Subsea 7 announced today the award of a sizeable(1) engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt.

The scope includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has already commenced at Subsea 7’s office in Cairo, Egypt and Paris, France. Fabrication of the subsea structures and spools will be carried out at Petrojet’s yard near Alexandria, Egypt.

Offshore work is scheduled to commence in the second half of 2019.

Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said: “This award recognises our track record of good execution and our established local presence in Egypt. We look forward to continuing our successful and collaborative relationship with Burullus.”

Israel seeking interest for second offshore bid round - OIL & GAS JOURNAL

HOUSTON, June/13/2018
Paula Dittrick

Israel plans a second offshore bid round in late 2018 or early 2019, which will involve about 25 southern blocks. Israel’s Chief Geologist Miki Gardosh describes the blocks as being in a highly prospective area that has experienced less exploration than elsewhere offshore.

An initial offshore round was completed in November 2017 resulting in six exploration licenses being awarded. The first-round bidders primarily involved Indian companies. Gardosh said the second-round offering will group 3-4 blocks to make it “more attractive to companies.”

During a trip to Houston June 11, Gardosh said he was soliciting more interest from US oil companies in Israeli offshore blocks. He also visited Calgary.

The second round will offer licenses for up to 7 years with operators required to drill or deciding to drill within 3 years. He said Levant basin models forecast high potential for oil and gas. About 75 tcf of gas has been discovered in the Levant basin in recent years.

Tuesday, June 12, 2018

Turkey opens TANAP pipeline that will bring Azeri gas to Europe - DW


Turkey and Azerbaijan have inaugurated the TANAP pipeline that will bring gas to Europe while bypassing Russia. The project has won political support from both the United States and European Union.

The presidents of Turkey and Azerbaijan have inaugurated a major pipeline that will eventually transport Azerbaijan natural gas to Europe.

The $8.5-billion (€7.2 billion) Trans-Anatolian Natural Gas Pipeline (TANAP) is part of the Southern Gas Corridor, aimed at turning Turkey into an energy hub and diversifying EU natural gas supplies away from Russia.

"Our country is now one step closer to its vision to become a hub of regional energy lines thanks to TANAP," Turkish President Recep Tayyip Erdogan said in the central city of Eskisehir on Tuesday, dubbing the project "the Silk Road of energy."

Azerbaijani President Ilham Aliyev, Ukrainian President Petro Poroshenko and Serbian President Aleksandar Vucic were in attendance at the ceremony which saw the last section of the pipeline put in place.

Monday, June 11, 2018

Israel's Delek Drilling seeks shareholder approval for Egypt pipeline investment - REUTERS

JUNE 11, 2018 / 3:20 PM
Reporting by Ari Rabinovitch; Editing by Susan Fenton

JERUSALEM (Reuters) - Shareholders in Israel’s Delek Drilling will vote next month on whether to approve a $200 million investment that will allow the company to export gas to Egypt via a subsea pipeline.

Delek announced on Monday that it would hold a special shareholders’ meeting on July 1 to decide whether to go ahead with the investment in East Mediterranean Gas (EMG), which operates a pipeline to carry gas between Israel and Egypt’s Sinai Peninsula.

Delek and Texas-based Noble Energy are partners in the large Tamar and Leviathan natural gas fields off Israel’s coast and signed deals in February with Egyptian firm Dolphinus Holdings to sell $15 billion of gas.

Delek and Noble have been negotiating to buy the rights to use EMG’s pipeline, which was built years ago as part of a now-defunct Egyptian-Israeli natural gas deal but has been out of use.

PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019 - ENERGY EGYPT / UPSTREAM ONLINE

JUNE 11, 2018 AT 2:34 PM

PGS to gather seismic data for Egyptian frontier licensing round.

Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise.

Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic data off Egypt’s Western Desert this year in preparation for a planned West Mediterranean frontier licensing round.

According to geophysician Matthew Pyett of PGS, the company will collect nearly 14,000 kilometers of 2D data, as well as 7,000 square kilometers of 3D data, reports industry papers. According to Pyett, the West Mediterranean licensing round is set to be launched “sometime next year” and also suggested the licensing exercise could be split into two phases.

Sunday, June 10, 2018

New Players Enter The European Gas Game - OIL PRICE

Jun 10, 2018, 12:00 PM CDT
Vanand Meliksetian

The expansion of the European Union in 2004 and 2007 indirectly led to several crises at a level not seen since the oil embargo of 1973. The accession of several former Warschau pact countries introduced an extra dimension to European politics: Russia. Due to historical reasons some of these countries have a high dependency concerning hydrocarbons on their large eastern neighbour. Several serious disputes concerning supply, pricing, and debt between Moscow and Kiev from 2005 until 2009 led to disruptions in supply to EU member states. These conflicts highlighted the need for reduced dependency on Russia.

During this period the search for alternative sources was already on its way, but the shutdown of gas supplies as a consequence of these disputes accelerated the process. The completion of two LNG liquefication plants in Poland and Lithuania has decreased the dependency of this region on Russia. The south-eastern flank of the EU, however, is in a direr state. In order to alleviate dependency, the European Commission obstructed construction of the South Stream pipeline from Russia through the Black Sea to Bulgaria.

Christodoulides welcomes Exxon’s intention to speed up drilling plans - CYPRUS MAIL

June 10, 2018

Foreign Minister Nicos Christodoulides has welcomed ExxonMobil’s intention to accelerate procedures ahead of scheduled offshore drillings in Cyprus’ exclusive economic zone.

Asked about his recent meeting with ExxonMobil’s Vice President, Tristan Asprey, in the presence of Energy Minister Giorgos Lakkotrypis, where they discussed geopolitical developments, Christodoulides said that energy planning was going as planned. He added that during the meeting, the company expressed its intention to speed up the process.

ExxonMobil’s Vice President for Europe, Russia Caspian and Asia Pacific / Middle East region, Asprey was in Cyprus on Friday for contacts with officials. The company plans two drillings in block 10, in the island’s EEZ starting in the fourth quarter of 2018.

Cyprus, Greece, and Israel Chart a Common Path - BESA CENTER

June 10, 2018
Dr. George N. Tzogopoulos

BESA Center Perspectives Paper No. 861

EXECUTIVE SUMMARY: Cyprus, Greece, and Israel are steadily building a democratic geopolitical bloc in the Eastern Mediterranean. They are exploring ways to collaborate in fields ranging from energy to communication technology and defense. Greek-American and American-Jewish communities are exploiting the momentum to further boost the developing “triangle” and encourage US support. However, despite progress among the governments and the generally positive climate, warning signs of anti-Semitism in Greece underline the need for grassroots action to combine political achievements with wide public support.

The fourth Cyprus-Greece-Israel tripartite summit, which took place in Nicosia on May 8, 2018, made plain the determination of the three countries to deepen their cooperation. Nicos Anastasiades, Alexis Tsipras, and Benjamin Netanyahu discussed new fields of interest, including public security, cinema co-production, maritime pollution, telecommunications, and the reduction of data roaming costs. They agreed that the fifth trilateral summit will take place within the year in Beersheba, a place described by Netanyahu as “cyber city.” At that event, the parties plan to advance their dialogue on communication technologies.

Friday, June 8, 2018

Corinth to manufacture Karish steel pipes - OFFSHORE MAGAZINE


MAROUSSI, Greece – TechnipFMC has contracted Corinth Pipeworks Pipe Industry to manufacture and supply steel pipes for Energean’s Karish gas field development in the Mediterranean Sea offshore Israel.
The agreement covers 90 km (56 mi) of 24-in. and 30-in. LSAW pipe material for the offshore gas pipeline: this will connect the subsea manifold at a maximum water depth of 1,750 m (5,741 ft) to the receiving terminal onshore.

Pipe manufacture and coating will start at Corinth Pipeworks facility in Greece later this year.

Egypt lets contract for Midor refinery expansion - OIL & GAS JOURNAL

Houston, JUNE/08/2018
Robert Brelsford

The government of Egypt has let a contract to TechnipFMC PLC to provide services related to the implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt.

Signed on June 7, the $1.7-billion contract will cover construction, supplies, and engineering designs for the expansion, which aims to increase overall refining capacity at the site by 60% to 175,000 b/d, Egypt’s Ministry of Petroleum and Mineral Resources (MPMR) said.

Overall cost of Midor’s expansion project—which will include participation of Egypt’s ENPPI and Petrojet—will amount to about $2.2 billion, MOP said.

Alongside increasing Midor’s crude processing capacity, the expansion also will raise the refinery’s current LNG production by about 145,000 tonnes/year, benzene 95 by about 600,000 tpy, and jet fuel by about 1.3 million tpy.

The Midor expansion comes as part of MPMR’s integrated plan to develop, upgrade, and increase efficiency and production quality of Egypt’s refineries through implementation of a series of new projects across manufacturing sites to help meet domestic petroleum product demand as well as reduce imports from abroad, said Tariq El-Molla, Egypt’s minister of petroleum and natural resources.

Italy says mulling late-in-the game changes for massive TAP natural gas project - XINHUA NEWS

2018 JUNE 08, 05:33:26
Eric J. Lyman

ROME, June 7 (Xinhua) -- The future of the ambitious Trans-Adriatic Pipeline (TAP), which aims to give western Europe access to natural gas from Azerbaijan's massive Shah Deniz fields, may be in doubt after leading officials in the new Italian government said the project made no sense for Italy.

Sergio Costa, who was installed as Italian environment minister under Prime Minister Giuseppe Conte less than a week ago, promised to launch a study into whether Italy will benefit from continuing to participate in the so-called TAP project. And Minister of the South Barbara Lezzi expressed worry about environmental risks associated with TAP.

The 4.5-billion-euro (5.4-billion-U.S. dollar) TAP project spans 880 kilometers (550 miles) from the border between Turkey and Greece, across Greece into Albania, under the Adriatic Sea, and into San Foca in the southern Italian region of Apulia. From there, it will link with existing gas infrastructure to reach multiple western European markets.

Thursday, June 7, 2018

Israel offers Lebanon resolution to border dispute - INTERFAX

 7 June 2018

Israel made a proposal to Lebanon offering a resolution of a long-standing border dispute between the two countries, according to Lebanon’s Speaker Nabih Berri in a report published by Hezbollah’s Al-Manar news service.

The proposal covers onshore and offshore territory.

Total, Eni and Novatek hold a licence to explore Lebanon’s Block 9, part of which crosses the disputed area.

Israel’s proposal was delivered to Lebanon by a US delegation last week, said Berri.

Wednesday, June 6, 2018

Israel navy drills attack on offshore gas rigs - THE TIMES OF ISRAEL

6 June 2018, 1:34 pm

The Israeli Navy successfully completed a complex exercise last week led by its missile boats flotilla, the military announced Wednesday.

The drill included two major attack and defense scenarios at sea.

In the first scenario, an aircraft simulated a missile threat against an Israeli gas rig. The threat was detected on board a Sa’ar 4.5 missile boat, and was shot down by an interceptor missile launched from the ship.

The navy noted that the ship was recently fitted with state-of-the art detection and observation systems, including the new Fire Sickle radar system which officials said significantly improves vessels’ tracking capabilities.

Last week’s drill was the first live test of the ship in its new configuration.

In the second scenario, a seaborne target simulating an enemy ship was struck by two cruise missiles launched by the ships INS Lahav and INS Kidon. The target was successfully hit and destroyed.

Tuesday, June 5, 2018

New proposals may help resolve Israel/Lebanon oil and gas dispute - REUTERS

JUNE 5, 2018 / 10:46 AM
Ari Rabinovitch

JERUSALEM (Reuters) - New ideas proposed in U.S. back-channel mediation of an Israeli-Lebanese maritime dispute over oil and gas exploration in the eastern Mediterranean raise the prospect of a partial deal this year, Israel’s energy minister said.

Israel kicked off a gas bonanza in the eastern Mediterranean almost a decade ago with the discovery of two huge gas fields. Others were found in Egypt and Cyprus, and companies are now exploring Lebanese waters as well.

One of the Lebanese blocks being explored, Block 9, borders Israel’s maritime zone and contains waters claimed by both countries. The disputed border also touches two other not-yet-licensed Lebanese blocks.

This has led to years of brinkmanship with officials on both sides promising to protect their resources and warning about encroachment.

“There are some new ideas on the table. More than that I cannot discuss,” Energy Minister Yuval Steinitz, said in a Reuters interview. He oversees energy exploration in Israel and is the pointman in indirect negotiations with Lebanon.

Saturday, June 2, 2018

Risks Posed by Competing Claims to Eastern Mediterranean Oil and Gas Resources - WASHINGTON REPORT ON MIDDLE EAST AFFAIRS

Washington Report on Middle East Affairs, June/July 2018, pp. 34-35

Special Report
By Jonathan Gorvett

WHEN ISRAELI PRIME Minister Binyamin Netanyahu spoke in Nicosia in May of “building a great alliance” between his nation, Cyprus and Greece, he was also quick to praise the “unrivaled network of common interests” that exists among the three states.

And if advocates of a giant new project have their way, that network may be about to get a lot more physically tangible.

For Netanyahu was in Nicosia to solidify support for the proposed EastMed Pipeline, a 1,350-mile natural gas connector that aims to bring Israeli and Cypriot gas to energy-hungry European markets. If ever constructed, the pipeline would form a specialized steel and concrete tie among the three nations, stretching far across the deep of the (sometimes unstable) Eastern Mediterranean floor.

Friday, June 1, 2018

Delek says half the work on development of Leviathan gas field completed in Q1 - HAARETZ

TheMarker Jun 01, 2018 1:40 AM

The Delek Group has announced that, as of the end of March, about half of the work in developing its Leviathan offshore natural gas field in the Mediterranean was completed and that gas should begin flowing from the field, Israel’s largest, next year. The work performed included the laying of underwater pipes connecting the gas wells to a main pipeline and the construction of a substantial portion of the production rig, the company said. These details came Thursday as Delek released its first quarter financial results, reporting a decline in revenue from energy operations in Israel after selling off 9.25% of its stake in another gas field, Tamar, in which it retained a 22% share. Delek said all told, it earned 243 million shekels ($68 million) in the first quarter, up from 220 million a year earlier. Revenue rose to 1.78 billion shekels from 1.54 billion. 

Thursday, May 31, 2018

Pharaonic Petroleum's total gas production hit 600 mcf/d - EGYPT TODAY /MENA

Thu, May. 31, 2018

CAIRO - 31 May 2018: The Pharaonic Petroleum Company (PhPC) on Thursday revealed that its total natural gas production hit 600 million cubic feet (mcf/d) per day, in addition to 11,000 barrels of condensate per day.

The announcement came during an inspection tour paid by Petroleum Minister Tarek el Molla to Port Said governorate to follow up on the progress of work at oil and gas production sites there.

During his tour, the minister said that underway projects to extract natural gas and its derivatives in Port Said represent a successful model on how to make good use of Egypt's natural gas resources.

The upcoming phase is expected to witness a boom in the activities of oil and gas exploration in some concession areas, especially after launching two global bids on this regard, el Molla added.

Tuesday, May 29, 2018

Total interested in other offshore blocks - CYPRUS MAIL

MAY 29, 2018
Elias Hazou 

French oil and gas giant Total is interested in buying into other licensed offshore blocks in addition to block 8, MPs heard on Tuesday.

Lawmakers received a behind-closed-doors briefing from energy minister Giorgos Lakkotrypis.

Speaking to reporters later, House commerce and energy committee chair Angelos Votsis (Diko) said Total’s recent application to acquire a 50 per cent stake in block 8 – licensed to ENI – was all but a done deal.

“What remains are the formalities of their receiving approval from Cypriot authorities,” he said.

“Similar moves are expected, that is, Total participating in other blocks operated by ENI. This is also a positive and we welcome it.”

Monday, May 28, 2018

Dana Gas receives $40m in payments from Egypt - GULF NEWS

 May 28, 2018, 16:30 

Abu Dhabi: Dana Gas on Monday announced it has received $40 million (Dh146.8 million) in payments from the Egyptian government taking the total receipts to $88.8 million (Dh325.9 million) this year.

The company said it will use the cash to proceed with growth initiatives such as drilling Balsam-8 in its development lease onshore Nile Delta to increase production.

“We are pleased to have received this $40 million payment from the Egyptian Government which takes our total receipts to nearly $90 million for the first half of the year. It is a timely cash boost and highlights the government’s publicly stated commitment to substantially reduce the petroleum companies’ receivables during 2018,” Patrick Allman-Ward, CEO of Dana Gas, said in a statement.

He added that the company’s primary focus will remain on increasing production and on drilling its first offshore well in Block 6, due to commence in early 2019.

“Block-6 is highly prospective and contains several material prospects with multi-Tcf potential,” he said.

Nooros’ 14th well pumps additional 180 mcf/d into national grid as it comes online - ENTERPRISE

Monday, 28 May 2018

The 14th well at the Nooros gas field has come online, pumping an additional 180 mcf/d into the national grid, the Oil Ministry announced yesterday

The Nedoco field, which was completed in record timing of under two months, brings total production from Nooros to 1.2 bcf/d.

Sunday, May 27, 2018

Egypt on its way to becoming a net exporter of LNG -EIA report - ENTERPRISE

Sunday, 27 May 2018

Egypt is on its way to once again becoming a net exporter of LNG, according to the US Energy Information Administration’s (EIA) latest report. 

The report nods to new gas discoveries in the East Mediterranean, coupled with the government’s drive to reform the energy sector, for renewing investor and business interest in the country, which had died down during the economic slump that followed the 2011 uprising. 

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States.

Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum Exporting Countries (OPEC) and the third-largest natural gas producer on the continent following Algeria and Nigeria. Egypt plays a vital role in international energy markets through its operation of the Suez Canal and the Suez-Mediterranean (SUMED) Pipeline.
The Suez Canal is an important transit route for oil and liquefied natural gas (LNG) shipments traveling northbound from the Persian Gulf to Europe and to North America and for shipments traveling southbound from North Africa and from countries along the Mediterranean Sea to Asia. Fees collected from these two transit points are significant sources of revenue for the Egyptian government.

The 2011 revolution led to an economic downturn, and the country experienced a sharp decline in tourism revenue and foreign direct investment, according to the International Monetary Fund (IMF). However, economic conditions have improved over the past few years, and financial support from the United Arab Emirates (UAE), Saudi Arabia, and Kuwait has helped Egypt address its increasing domestic demand for energy.

Friday, May 25, 2018

EBRD finances upgrade of Egypt’s Suez oil refinery - ENERGY EGYPT / OIL & GAS JOURNAL

May 25, 2018

The European Bank for Reconstruction & Development (EBRD) is providing a $200-million loan to state-owned Egyptian General Petroleum Corp. subsidiary Suez Oil Processing Co. (SOPC) for the upgrade of its 68,000-b/d refinery adjacent to Suez, Egypt, at the entrance of the Suez Canal.

ERBD funds will finance investments to modernize the refinery with technical updates to improve overall operational performance and energy efficiency at the site, as well as works to reduce the refinery’s carbon footprint, ERBD said.

Specifically, the proposed projects will increase flexibility of the plant’s crude intake and enable production of higher-quality, lower-sulfur fuels, ERBD said.

The refinery also will implement an extensive energy efficiency program that will reduce emissions of carbon dioxide equivalent by more than 295,000 tonnes/year and result in a savings of 300,000 Mw-hr of energy and 384,000 cu m of water annually, the international financial institution said.

Thursday, May 24, 2018

Natural gas exported to Italy from Libya after four year halt - THE LIBYA OBSERVER

May 24, 2018 - 13:00
Housam Najjair

The National Oil Corporation (NOC) shipped on Wednesday its first quantity of propane gas from the Zueitina port to Italy, estimated at approximately 61,761 barrels.

The NOC said in a statement that the shipment is the first of its kind to Italy in four years, since the gas plant at the port of Zueitina was shut down causing gas exports to Italy being halted.

Libya is considered to be one of the largest exporters of natural gas to Italy through Italy's oil giant Eni, which invests in Libya.