Mediterranean Sea
Energy A&D Transactions from the Week of Oct. 7, 2020
Here’s a snapshot of recent energy deals including the closing of Chevron’s roughly $13 billion acquisition of Noble Energy plus the $825 million sale of Occidental’s Colombia onshore assets.
Turkish Drillship Heads Back to Turkey from off Cyprus
Cyprus’ internationally recognized Greek Cypriot government has long been at odds with Turkey, which began drilling for oil and gas near Cyprus last year.
Best of This Week’s Drilling Activity Highlights (Oct. 2, 2020)
An Eagleville Field-Eagle Ford Shale well completed by Devon Energy plus two Wolfcamp discoveries reported in Reeves County, Texas, top this week’s drilling activity highlights from around the world.
Noble Energy Shareholders Likely to Approve Multibillion-dollar Merger with Chevron
The purchase of Noble Energy would boost Chevron's U.S. shale oil holdings and add nearly 1 Bcf of natural gas reserves close to growing markets.
Leviathan to Sell $190 Million of Natural Gas to Israel’s Ramat Hovav Plant
Supply of the 1.3 billion cubic meters of gas is expected to begin in December and last for 30 months, or until the Karish and Tanin gas fields begin commercial operation.
Turkey, Greece Agree to Resume Talks after Four Years
Tensions flared in August after Ankara sent its Oruc Reis seismic survey ship into disputed waters, escorted by gunboats, to map out sea territory for possible oil and gas drilling.
Erdogan Says Turkey Withdrew Survey Vessel to Allow for Diplomacy
NATO members Turkey and Greece disagree over maritime jurisdiction and energy exploration rights in the eastern Mediterranean.
Eni, BP Hit Natural Gas Offshore Egypt
he Nidoco NW-1 exploratory well hit gas-bearing sands for a total thickness of 100 meters, Eni said.
Turkey Extends Operations of Energy Drillship Off Cyprus Until mid-October
Turkey said on Sept. 15 it had extended the operations of its Yavuz energy drillship in disputed Mediterranean waters offshore Cyprus until Oct. 12.
Energean Set for First Gas Offshore Israel in H2 2021
Energean is building an 8 billion cubic meter (Bcm) per year floating production vessel offshore Israel and has already sold 5.6 Bcm a year into the nation’s market.