BG Group secured 35% stake from Houston-based Noble Energy in Block 12 offshore Cyprus in a US$165 million farm out deal, which gives the UK deepwater and LNG focused company a piece of the Aphrodite natural gas discovery. Map of Cyprus鈥
Israel鈥檚 Delek Group entered into a US$66 million deal with UK-based exploration and production firm Ithaca Energy to acquire nearly 20% of the company, making Delek the largest shareholder in Ithaca. Image of the Northern Producer鈥
The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects鈥
Shortly before Houston-based Noble Energy released its Q3 2015 earnings, Israeli Prime Minister Benjamin Netanyahu said that the country intends to fast-track natural gas development, especially now that the country鈥檚 economic minister, Aryeh Deri鈥
Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt鈥檚 East Mediterranean Sea. Photos from BP鈥
US-based Noble Energy says it is imperative that the Israeli government follows through with and approves a framework agreement to develop Leviathan and Tamar, which was presented to the Knesset yesterday (2 September). Map of Israel鈥
The Israeli government entered into an agreement with the consortia of Noble Energy and the Delek Group to move forward with development plans for the Leviathan field in addition to Karish, Tanin and the further development of Tamar. Prime鈥
Noble Energy鈥檚 Aphrodite in the Eastern Mediterranean has been deemed commercial, according to the Delek Group. Map of Cyprus. From Noble. Aphrodite is located offshore Cyprus鈥
Israel鈥檚 Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea鈥
The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country鈥檚 coast. Prime Minister Netanyahu. From GPO. 'Today鈥
In a potential stroke of good news for Noble Energy, the Director General of the Israeli Antitrust Authority, David Glio, announced his resignation on 25 May. However, Glio will remain in his role until August. Glio鈥檚 resignation is notable鈥
East Mediterranean Gas Co. (EMG) is denying any involvement in the US$1.2 billion deal made last week between the Tamar partners and Dolphinus Holdings to export natural gas from Israel to Egypt using the EMG pipeline. Tamar map鈥
The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt. Tamar field. From Delek. For the first three years of the seven-year contract鈥
The Leviathan project takes another hit after the Palestine Power Generation Co. (PPGC) gave its notice to cancel its 20-year agreement to supply natural gas for Leviathan, offshore Israel. Map of Israel鈥
Noble Energy is suspending any further investments in the expansion of Tamar, and initial development of Leviathan until regulatory issues are resolved with Israel. Image of the Tamar field. From Delek鈥
