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 [...]
18 Dec, 2014
Multi-Physics Geoscience Data to Assess Country’s Oil & Gas Potential   BEIRUT - (BUSINESS WIRE)   NEOS GeoSolutions, Inc. stated that it has completed airborne acquisition operations, with the full support of its local partner Petroserv SAL, on its previously announced neoBASIN™ regional geoscience project in Lebanon. This survey, which covers 6,000 square kilometers, including the onshore northern half of the country and the transition zone (TZ) along the Mediterranean coastline, [...]
20 Dec, 2014
U.N. Asks Israel to Pay Lebanon $850 M for Oil Spill The U.N. General Assembly overwhelmingly approved a resolution on 19/12/2014 asking Israel to pay Lebanon over $850 million in damages for an oil spill caused by an Israeli air force attack on oil storage tanks during its war with Lebanon in July 2006. The assembly voted 170-6 in favor of the resolution, with three abstentions. Israel, the United States, Canada, Australia, Micronesia and Marshall Islands voted "no."   General Assembly resolutions are not [...]
29 Dec, 2014
Re-launching of all activities is expected in the first quarter of 2015   After almost a year of complete stagnation in the Oil and Gas sector, several consecutive events and crucial declarations have recently led to open a huge window of Hope for the Lebanese people in the upcoming 2015.   As of today, the news of Lebanon's Oil wealth are still news, as nothing tangible was reached until the moment except the surveys. It might be early to anticipate an Oil and [...]
16 Dec, 2014
For the first time since April 2013, a huge campaign by authorities and from different political parties to reactivate the Lebanese Oil and Gas sector; they urged concerned local and international bodies to speed up development of oil and gas sector through the implementation of a Masterplan of acceleration.   Sources monitoring the situation told As Safir this week that a number of diplomats at foreign embassies in Beirut met with Lebanese officials who are following up on the oil [...]
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