LEBANON OFFSHORE DRILLING

NOVATEK - Total and Eni signed exploration and production agreements (Agreements) with the Government of Lebanon to explore and produce hydrocarbons on the offshore blocks 4 and 9 in the Eastern part of the Mediterranean Sea. NOVATEK's participating interest in the Agreements is 20%, Total and Eni both hold 40% stakes, with Total appointed as the Operator.
Note
In October 2017, NOVATEK jointly with Total and Eni submitted a bid for the two offshore blocks in Lebanon. In December 2017, the Government of Lebanon resolved to award the blocks 4 and 9 to the bidders as the result of the first International Competitive Offshore Licensing Round and resolved on concluding the exploration and production agreements.
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Earlier:
![]() 2017, April, 3, 18:50:00
ROSNEFT EXPANSIONThe world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.
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![]() 2016, May, 15, 11:05:00
SAUDI'S REALITYSaudi Arabia is going through one of the most difficult periods in its modern history. Oil prices have dropped from a July 2014 high of $115 per barrel to less than $30 per barrel in January this year. The country is surrounded by failed states: Iraq, Libya, Yemen, Syria and, arguably, Lebanon. It has a demographic bulge of ambitious, but exceedingly frustrated, young men and women whose expectations differ dramatically from those of their parents. And it faces an emboldened Iran eager to interfere in the affairs of Arab countries, and with the financial wherewithal to do so, via proxy armed militia.
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![]() 2014, May, 28, 18:15:00
VARIOUS CONFLICTS, ONE WARThe crises in Syria, Iraq and Lebanon are merging into a single sectarian war
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April, 20, 09:30:00 |
OIL PRICE: NOT ABOVE $74 |
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April, 20, 09:25:00 |
U.S. PETROLEUM DRILLING UP 35% |
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April, 20, 09:20:00 |
OIL STOCKS & PRICES UP |
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April, 20, 09:15:00 |
ENI - ROSNEFT COOPERATION |
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April, 20, 09:10:00 |
U.S. COAL EXPORTS UP BY 61% |
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April, 20, 09:05:00 |
NORWAY'S PRODUCTION 1.9 MBD |
Chronicle:

IRAN NEED NEW MARKETS
SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).

UZBEKISTAN - LUKOIL GAS
LUKOIL - LUKOIL has commissioned a Gas Processing Complex at the Kandym fields cluster in Uzbekistan. The official opening ceremony was attended by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, Minister of Energy of the Russian Federation Aleksander Novak, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Vladimir Tyurdenyov, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Republic of Uzbekistan Kwon Yong Woo and the President of PJSC "LUKOIL" Vagit Alekperov.

ENI INVESTMENT €7 BLN
ENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities

SEADRILL'S BANKRUPTCY OFF
REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.