19 Jan, 2015
It is Finally Real! Lebanon will be Entering the oil and gas club. Well at least let us hope. If things continue as they are and the Government issues all the related regulations by summer 2015, Lebanon will start producing Oil and Gas in three years. But what until then?! Wait a minute! That does not mean in any way that we should, as a country and as a working force to wait three years to feel the wind of oil.   Currently [...]
18 Jan, 2015
Exclusive News: Rumors said that FINALLY Lebanese Cabinet will Discuss Oil Exploration Decrees on Monday... Lebanese authorities spearheading a campaign to revive the oil exploration when Lebanon is seeking to renew the interest of international companies in offshore Oil exploration before any withdrawal decision and all depend about the approval of the famous decrees when Lebanon will benefit from its oil and gas wealth in the near future giving an exceptional hope for a Lebanese economic revolution. Decrees approval will be [...]
10 Jan, 2015
After British-based Spectrum conducting a 2-D & 3-D surveys and U.S.-based NEOS GeoSolutions accompanied by his Lebanese partner Petroserv SAL have completed their airborne surveys for offshore and onshore water and territories, experts assume that the natural gas and oil reserves in offshore Lebanon could be significantly larger than previously estimated; Lebanon has the potential to become like the Gulf countries but a huge work is recommended from the cabinet, Lebanese Petroleum Administration, Social communities and entrepreneurs to get its infrastructure [...]
02 Jan, 2015
Can Lebanon begin offshore gas drilling by the end of 2015!?! International energy companies will be able to start drilling for gas off the Lebanese coast during the 2016 if the decrees concerning the number of blocks and the mechanism of revenue sharing will be approved at the first quarter of 2015. In this case companies will have sufficient time to make their bidding on September – October 2015. If everything goes according to the plan, international oil companies can start the [...]
27 Dec, 2014
Speaker Nabih Berri and Free Patriotic Movement MP Michel Aoun have resolved their dispute over the oil file, reported the pan-Arab daily Asharq al-Awsat.   It said that the two sides agreed to issue contracts over the oil fields adjacent to the Israeli blocks after the speaker had warned that the neighboring state could exploit Lebanon's offshore wealth, also it was notable the impact of the regional revolution in Gas exploration such as Egypt, Cyprus and Israel.   The disagreements were over the designation [...]
25 Dec, 2014
Lebanon has taken part in the 10th Arab Energy Conference which is currently taking place in UAE’s Abu Dhabi, during the period of December 21-23, under the theme ‘Energy and Arab Cooperation’, reported the Lebanese National News Agency.   The Conference is being organized by the Organization of Arab Petroleum Exporting Countries (OAPEC).   The official Lebanese delegation included the current President of the Petroleum Administration Gaby Daaboul, the Board Member Assem Abou Ibrahim, and Lebanon's Consul in Abu Dhabi Hadi Hashem.     Daaboul addressed the [...]
28 Dec, 2014
Speaker Nabih Berri has said that the cabinet is expected to discuss soon oil exploration decrees that have been left in the government's drawers over political differences. In remarks published in local newspapers on Monday, Berri reiterated that the exploration file “has been put on the right track.” The cabinet will soon discuss the decrees, he said, adding that he will call for a parliamentary session as soon as they are referred to the general assembly for approval. Berri is spearheading a campaign [...]
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