EMC 2021 . 2021 SEPT 14-16 . NICOSIA
FEBRUARY 13, 2020 / 9:15 PM
JERUSALEM, Feb 13 (Reuters) - Israel’s Energy Ministry said on Thursdsay it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project’s subsea pipeline.
The Leviathan partners said in a statement there was no malfunction, rather they were dealing with “issues common during the initial production phase of a development of this type.”
FEBRUARY 12, 2020 / 11:19 AM
Ari Rabinovitch, Tova Cohen
TEL AVIV (Reuters) - The energy companies that own Israel’s offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deep water, a CEO from the group said.
Leviathan, one of the world’s biggest offshore gas discoveries of the last decade, has turned Israel into an energy exporter in a tumultuous region and has weaned it off more polluting imports, notably coal.
FEBRUARY 12, 2020 / 8:51
DUBAI (Reuters) - United Arab Emirates-based Dana Gas (DANA.AD) said on Wednesday it has received bids from some companies for its assets in Egypt.
“We have received a number of bids from a number of companies,” the company’s CEO Patrick Allman-Ward said on an earnings call, declining to say how many bids or from which companies.
The CEO said a final decision had not been taken on whether the company will sell its Egyptian assets. He said offers would be submitted to the company’s board for review and that a decision is expected by the end of March.
Allman-Ward said the company would cover its outstanding sukuk, or Islamic bonds, of $397 million, due on Oct. 31, with the potential sale of its Egypt assets.
The company is in talks with banks to refinance the sukuk if the sale does not cover the whole amount, or if there is no sale, he said.
“We received bids for the entire package of onshore and offshore” assets in Egypt, the CEO said, adding that the bidders were given flexibility to only bid for development leases and exclude exploration deals.
Feb. 9, 2020
NICOSIA, Cyprus — Cyprus won't put its exploratory gas drilling plans on hold despite Turkey's attempt to force the east Mediterranean island nation to halt its activities by conducting its own gas search in Cypriot waters, the president of Cyprus said Sunday.
President Nicos Anastasiades said pausing drilling in the face of Turkish pressure would be tantamount to Cyprus abrogating its sovereign rights.
Anastasiades said he was ready to engage with Turkey on charting a course to a deal that would reunify Cyprus, which has been divided into ethnically Greek and Turkish areas since the 1970s.
But that won't happen if Turkey sets preconditions such as the suspension of offshore drilling for such peace talks to take place, he said.
