Noble Energy
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Cyprus to renegotiate offshore gas deposit contract
Cyprus's energy minister says the country will renegotiate the financial terms of its contract with a consortium on exploiting a gas field off its southern shore.
Georgios Lakkotrypis told reporters on Tuesday that the consortium made up of Texas-based Noble Energy, Israel's Delek and Royal Dutch Shell wants to renegotiate the contract on the Aphrodite gas field.
Cyprus says small gas deposit found but hopeful of more
Cyprus's energy minister says exploratory drilling off the island's southern coast has discovered a small gas deposit that contains "less than" 0.5 trillion cubic feet of the hydrocarbon, not enough to make it commercially viable.
What is happening to Noble Energy?
The news last week was that Noble Energy decided to move two of its senior staff from Cyprus to Israel. Some ‘political sources’ interpreted this to be the result of dissatisfaction with the way government is handling commercialisation of Aphrodite and in particular the inordinate delays and lack of progress.
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Energean secures Israel gas project
Greek oil producer Energean has exceeded its target for gas sales contracts needed before it goes ahead with plans to tap two gas fields off Israel's coast, market sources said on Wednesday. Energean bought the Karish and Tanin fields, located in deep waters around 100 kilometers off Israel's coast, last August for $148 million from US-Israeli partners Delek Group and Noble Energy.
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Energean to supply gas to Israeli power station
Greece's Energean said on Sunday it signed contracts to supply up to 23 billion cubic meters of natural gas to private Israeli power stations from the Tanin and Karish gas fields off the coast of Israel.
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Cyprus approves energy concessions to Total, ENI and Exxon
Cyprus’s cabinet on Friday approved contracts with France’s Total, Italy’s Eni , Exxon Mobil and Qatar Petroleum to explore for oil and gas in offshore areas south of the island, officials said.
Energean plans to build its own production system in Israeli gas fields
Greek company Energean Oil & Gas plans to build its own production system in the Eastern Mediterranean at a cost of up to $1.5 billion to tap two Israeli offshore gas fields, the group's chief executive said on Wednesday.
Israel's Leviathan partners approve gas production target for late 2019
The Israeli partners in the Leviathan gas field said on Dec. 12 they approved a development plan for the field with a target production date for the end of 2019.
The plan, the group said in a statement to the Tel Aviv Stock Exchange, includes a first stage development for production of about 12 billion cubic meters (bcm) a year at a cost of $3.5-4 billion.
Israeli Leviathan partners get up to $1.75 bln HSBC, JPMorgan financing
The main Israeli partners developing the large Leviathan natural gas site said on Nov. 27 they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion (1.65 billion pounds) of financing.
Delek Drilling and Avner Oil Exploration said the funds would go towards the A1 development stage of the project.
Six Companies Submit Offers to Use Bulgaria-Greece Gas Link
Bulgaria's government has received six indicative offers to use capacity of the gas interconnector that is to be built between Bulgaria and Greece, Energy Minister Temenuzhka Petkova has said.