LATEST NEWS
18 July, 2014
 
Lebanon will once again postpone the gas auction which was scheduled for Aug. 10 as some ministers expressed their dissatisfaction over the state’s share stated in the decrees, insiders said. But the ministerial committee designated to review the decrees has apparently agreed to open all the offshore 10 blocks for auction so the bidding oil companies can select one or two of these blocks. “Some of the ministers in the committee, which was formed to discuss [...]
22 July, 2014
 
 The first Lebanon International Petroleum Exhibition and Conference will be organized in Beirut on 21-22 October 2014, under the patronage of the Ministry of Energy and Water and the Petroleum Administration. The event, which is organized by Pinnacle Events in collaboration with the Society of Petroleum Engineers and the European Association of Geoscientists & Engineers, received the Lebanon official event label. The event will be an additional test to assess foreign investors’ interest in the [...]
01 June, 2014
 
Lebanon has high prospects of gas in its offshore Exclusive Economic Zone larger than the amount in Tamar and Leviathan fields off Israel's Mediterranean shores. According to Neil Hodgson, an international expert at Spectrum company, there are high chances of detecting large quantities of gas offshore Lebanon. Hodgson pointed out that “if all goes well, Lebanon will be able to produce gas by 2019 or 2020.” The British Spectrum company had unveiled in 2012 that Lebanon's oil reserves [...]
13 May, 2014
 
Energy Minister Arthur Nazarian launched the second phase of the onshore 2-D surveys conducted by Spectrum on April 10, after promising results were recorded during the first phase of the project. Spectrum, which was not fully satisfied by working conditions during the first phase, will carry out its survey along the coast and in parts of Mount Lebanon and is expected to hand over the final report of the first phase to the Ministry [...]
09 May, 2014
 
The Ministry of Energy and Water organized a press conference on January 8 to discuss the first licensing round for offshore oil and gas exploration and other related developments. Caretaker Energy Minister Gebran Bassil delayed the tender for the third time due to the absence of two important decrees, one defining offshore blocks and their coordinates and another one approving the model exploration and production agreement. The new deadline for submitting bids is [...]
09 May, 2014
 
  BEIRUT: The booths of international oil and gas companies drew some of the biggest crowds of the American University of Beirut’s annual job fair, as the country pins high hope on its untapped offshore resources.     New graduate students queued up at the booths to inquire about the potential jobs with some of the firms.   “When talking to our company, we realized [there was] a great interest by students to learn more about the gas and oil [...]
30 July, 2014
 
Mineral development is a high-risk, long-term and large-capital investment endeavor; as such, it should form part of an overall legal and economic strategy. Regulation of petroleum development in all its aspects before starting exploration and exploitation activities is crucial for the protection of the national interests and natural resources in a country. Experiences of oil producing countries show that there is always a challenge for the host government to strike a balance between attracting [...]
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Cogico SARL
  Oil & Gas, Fuel
  01 808150
Wardieh Holdings
  Oil & Gas, Fuel
  01 243476
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