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 [...]
14 Dec, 2014
Lebanon should not have allowed Israel to take even a drop of its oil, Speaker Nabih Berri was quoted as saying Monday, lamenting that his country had effectively surrendered two reserves to its enemy.   He said that Israel was allowed to steal oil from two Lebanese reserves near the border because those reserves, from which 870 square miles, were neglected by the government.   “This means that we have given up these two reserves, which is something we should not have let happen,” [...]
08 Dec, 2014
Parliament’s Public Works, Transport, Energy and Water Works committee organized an important workshop last week to discuss the re-activation of the Lebanese nascent oil and gas industry, which has been totally stagnant for the past months awaiting for the approval of the two decrees related to the blocks delineation and Exploration/Production sharing agreement.   The president of the committee, MP Mohamad Kabbani, stated during the session that that "there is a road map to activate the oil & gas industry in Lebanon, [...]
02 Dec, 2014
The Lebanese are very self-aware. We freely admit, for example, that when flying Middle East Airlines, we are atrocious passengers. We treat the cabin crew with barely-concealed contempt; we let our children run amok in the cabin, and, in what has almost become a national pastime, we cheerfully ignore instructions to remain seated until the plane has come to a halt, often deciding that we need to visit the bathroom seconds before landing.   Put us on a posh airline and we [...]
27 Nov, 2014
Cyprus Mail: The discovery of hydrocarbon reserves in the eastern Mediterranean can and should work as a tool for peace, stability, and cooperation in the region, Cyprus and Lebanon said yesterday.   During a meeting between Foreign Minister Ioannis Kasoulides and his Lebanese counterpart Gebran Bassil, it was agreed to strengthen their relations in the energy sector as well as in areas such as search and rescue, liberalisation of flights, tourism and defence.   Speaking after the meeting, Bassil said they agreed that the [...]
28 Nov, 2014
Osama Habib - The Daily Star - BEIRUT: All 2-D seismic onshore surveys for gas and oil in Lebanon have been halted until the government launches the licensing round for oil and gas exploration off the country’s coast, insiders said Monday.   Before companies can bid for the rights to drill for offshore oil or gas, the government must set the number of blocks for auction and establish a revenue mechanism, two steps that have been delayed several times.   According to a [...]
27 Nov, 2014
Osama Habib - The Daily Star - BEIRUT: Energy Minister Arthur Nazarian revealed Tuesday that the Finance Ministry released outstanding payments to a Danish company building two electricity plants in Lebanon.   “The Finance Ministry has released the outstanding money owed to the Danish firm BWSC after the payments were withheld due to the alleged change in the contract between the company and the Energy Ministry,” the minister told The Daily Star.   In September 2014, BWSC suspended all work on two electricity projects [...]
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Cogico SARL
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