Greece
Business
Energean Secures Gas Contracts for Israel Offshore Fields
Greek oil producer Energean has exceeded its target for gas sales contracts needed, before it proceeds with plans to tap two gas fields off Israel's coast, according to market sources.
Energean bought the Karish and Tanin fields, located in deep...
Business
Israel's Oil Refineries in Discussions to Possibly Buy Gas from Greece's Energean
On Sunday Israel's Oil Refineries (ORL) announced it is engaging in discussions to buy 17 billion cubic meters of natural gas from the Greek exploration and production firm Energean, for an undisclosed price, Reuters reported.
ORL is negotiating non-binding memorandums...
Energy
Greece's Energean Expands Services to Israel
Greece's Energean Oil and Gas S.A. is engaged in the exploration and production of Oil and Gas in the Mediterranean and North Africa. As of Sunday May 28, they have expanded their production services to the country of Israel.
Energean...
Business
Energean to Start Drilling at Katakolo, Greece in 2016-2017
Energean will start drilling for hydrocarbons at the Katakolo site in the winter of 2016-2017, followed by seismic surveys at the Ioannina site the following summer, company Chairman and CEO Mathios Rigas said at an international energy conference taking...
Diplomacy
Premier Tsipras Announces US' ExxonMobil to Conduct Exploration South of Crete
Greek Premier Alexis Tsipras announced on Friday that the Greek government and the American Energy giant ExxonMobil will sign an agreement regarding energy exploration and drilling next week.
Speaking to journalists in Brussels following the two-day European Council Summit, Tsipras...
Cyprus
Turkey Issues New NAVTEX off the Coast of Cyprus
Ankara issued a new NAVTEX blocking an area near Cyprus' northern coast on Thursday.
Turkey says that it intends to conduct exploratory drilling in the broader area of the Gulf of Alexandretta, using the research vessel ''Rowan Norway.''
''Rowan Norway'' is...
Energy
Environmental Organization Warns of Risks in Greek Plans to Drill Off Crete
The Greek office of the World Wildlife Fund (WWF Hellas) issued a statement on Wednesday warning of ''huge environmental and economic risks to the detriment of Crete and the rest of Greece.''
The remarks came as Greek authorities are proceeding...
Business
Record High Oil Production from Greece's Prinos Oil Fields
Oil production from Greece's Prinos deposit in Macedonia, which includes oil fields both inland and offshore, is expected to exceed 4,000 barrels daily and 1.5 million barrels annually.
This breaks all records for the last decade's oil production, according to Mathios Rigas,...
Business
Greek and Israeli Energy Giants Sign $100 Million Agreement
Energean Oil, an international oil and gas exploration and production company based in Greece which has developed sites in Israel and in the Aegean and Ionian Seas, announced on Monday that it has signed an new agreement.
The new compact...
Energy
Exxon, Total Win Tender to Explore for Oil and Gas Off Greece's Crete
A consortium of U.S. Exxon Mobil , France’s Total and Hellenic Petroleum has been awarded a tender to explore for oil and gas off Greece, the energy ministry said on Tuesday.
The consortium will explore two sites off the western...
Energy
Oil Giants Bid For Exploration Off Greece
Two consortia have expressed interest in participating in two Greek oil and gas exploration and exploitation tenders for regions off Crete and in the Ionian Sea, the Hellenic Hydrocarbon Resources Management (HHRM) company has said.
The two submissions are from...
Energy
International Interest in Gas and Oil Tenders in Greece
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted “strong interest” from companies exploring in the Mediterranean, the head of Greece’s oil and gas resources management company announced on Wednesday.
Greece launched the...
Energy
Katakolo Oil Reserves in Greece 'Four Times Larger than Expected'
The quantities of oil at Katakolo, western Peloponnese, are four times larger than initially estimated, Energean sources revealed on Thursday.
Proven reserves amount to 10.7 million barrels, instead of the estimated three million barrels expected during the period of the...
Energy
Greece to Open Tenders for Oil and Gas Explorations
The Greek government has opened two tenders for offshore oil and gas blocks in the Mediterranean and Ionian Seas and has invited IOCs to submit bids.
The Hellenic Hydrocarbon Resources Management (HHRM) office in Athens has not yet identified which...
Economy
Two New Offshore Oil and Gas Exploration Tenders Launched
The Greek government has launched two tenders for offshore oil and gas exploration and exploitation in the west and south of the country, the Energy ministry announced.
The move follows expressions of interest by a consortium of Total, Exxon Mobil...