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Cyprus Nears Exploration License Awards, Says Minister
...ture. The new awards are expected to invigorate the island’s nascent hydrocarbon sector, which got its start with Houston-based Noble Energy’s winning of Block 12 in 2008. It subsequently discovered 5-8 tcf (141-226 bcm) of natural gas in December 2011. New EU Gas Source According to Mr Sy...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Delek Considers Offers For 30% Of Leviathan
...rael cope with a gas shortage created by a halt in 2011 of deliveries of Egyptian natural gas. Meanwhile, Canada’s GeoGlobal Resources has reported that no hydrocarbons have been discovered at the Myra-1 well, where expectations of a new discovery had been high. GeoGlobal is partnered with Is...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Shell Starts Drilling For Shale Gas In Southeast Turkey
...trobras, but with little success. Recently there have been some important gas discoveries made offshore Bulgaria and Romania. Last November Shell signed a farm-in agreement with TPAO for three offshore blocks in the Mediterranean Sea south of the coast city of Antalya (MEES, 28 November 2011, 21 No...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
TPAO Completes Well In Turkish Cyprus, Plans Second
...d ‘Cyprus Problem’ be found. Turkey also claims that the Turkish-Cypriot administration has awarded to TPAO for exploration the offshore area south of the island that comprises that section of the Cyprus EEZ that was included in the licensing round.Noble Energy discovered in Block 12 in December 2011...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Security Crisis Roils New Libyan Administration
...one thrive, argues a Libyan businessman. “Really we need to sort out this issue. It is really crippling the country,” he says. The recovery in Libya’s oil industry following last year’s civil war has been impressive (MEES, 26 December 2011). But a lack of security has become an ev...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Jordan Resumes Iraqi Oil Imports
...ude to Jordan. Jordan receives this crude under an agreement reached in June 2011 to import up to 15,000 b/d at preferential prices. This represented an increase of 5,000 b/d from the previous agreement between the two countries of September 2008 for the import of around 10,000 b/d of Iraqi cr...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Syria 'Illegally Producing' from INA's 22,000 boe/d Hayan Field
...e Hayan Petroleum Company (HPC) 50:50 joint venture with Syria’s state owned General Petroleum Corporation. MOL owns 47% of INA. Current Hayan production volumes are unclear. Production averaged 20,300 barrels a day of oil equivalent (boe/d) for 2011 but output had been in the process of...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Baghdad Threatens Kurds With $3bn Budget Bill
...er The committee is basing discussions on a draft law agreed in February 2007 and favored by the Kurds. But the initiative bears striking similarities to a failed 2011 effort. The powerful Mr Shahristani, who has headed the oil sector since 2006, has defied all attempts to impose any solution that gi...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Tilt To Exports In Israel’s Planned Gas Strategy
...tends to establish a LNG plant with an initial production capacity of 5mn tons/year at Vasilikos, drawing from resources discovered in Cyprus’ Block 12 by Noble Energy in December 2011. The Vasilikos LNG facility concept came from Israel’s Delek Group in January 2011, shortly after the discovery of the Le...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012