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oil and gas

Feb 19

 Steinitz meets American official over gas row with Lebanon

Steinitz meets American official over gas row with Lebanon

Energy Minister Yuval Steinitz (Likud) met on Sunday with a senior United States official seeking to defuse an escalating oil and gas dispute with Lebanon, his office said.

A statement from Steinitz’s spokesman"...

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Feb 18

Satterfield Leaves Beirut With Proposals to Solve Oil Conflict

US acting assistant secretary of State for Near Eastern affairs, David Satterfield left Beirut on Friday carrying in his pocket a list of Lebanese proposals to solve the land and maritime border conflict with Israel after hearing a unified position against the so-called “Hoff Line,”"...

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Feb 18

Hezbollah says Lebanon must be firm in Israel energy dispute

Hezbollah on Friday urged Lebanon to stand firm in its offshore energy dispute with Israel and warned it could act against Israeli oil facilities if necessary, as the U.S. mediates between the two countries.

In"...

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Feb 15

 Tillerson to Urge Neutrality in Lebanon, Propose Offshore Gas Settlement

Tillerson to Urge Neutrality in Lebanon, Propose Offshore Gas Settlement

U.S. Secretary of State Rex Tillerson will stress during his Thursday visit to Lebanon the need for the country to abide by a policy of neutrality towards regional conflicts in order to guarantee continued support from the international community for its security and sovereignty, a media"...

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Feb 14

East Med: Cyprus, Egypt, Lebanon & Israel, all looking for natural gas!

Recent activity observed in the Eastern Mediterranean region is particularly intense. This is not a direct challenge on the part of Turkey against the Republic of Cyprus because of the presence and activity of the Italian ENI in plot 3 of the Cypriot EEZ. Ankara has received a reply from the European Commission, which called on it to refrain from 'frictions, threats or actions against a member state of the EU' that disturbed good neighbourly relations. Egypt and Lebanon are fully prepared - vigilant, in order to take part in......

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Feb 14

Pharoun: Oil agreement restored hope in Lebanon

State Minister for Planning Affairs, Michel Pharoun, said on Tuesday that the signature of the oil and gas agreement had restored hope in Lebanon; however, the Minister highlighted the importance of well-managing this dossier due to its critical nature.


In a statement"...

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Feb 14

Total enters two exploration blocks offshore Lebanon

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon have signed two Exploration and Production Agreements covering Blocks 4 and 9 located offshore Lebanon, in the eastern part of the Mediterranean Sea. These agreements provide for the drilling"...

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Feb 14

Agreements strengthen the ENI’s presence in East Med

Italian energy major ENI said the company has signed two Exploration and Production Agreements (EPA) with Lebanon covering Blocks 4 and 9, located in the deep waters off the Lebanese coast.

According to ENI, the"...

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Feb 13

Lebanon's oil rights safeguarded after downing of Israeli warplane: official

After the downing of an Israeli warplane by Syrian forces over the weekend, Lebanon's Speaker Nabih Berri said the incident 'will create new rules of engagement' as he ruled out an escalation in the region, assuring that Lebanon's oil excavation rights are safeguarded, al-Joumhouria"...

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Feb 13

Tillerson due in Beirut to talk oil, gas, Israeli threats

U.S. Secretary of State Rex Tillerson is scheduled to arrive in Beirut Thursday for talks with Lebanese leaders. Discussions will likely focus on heightened tensions in the southern border region fueled by Israel’s"...

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