LATEST NEWS
11 Oct, 2014
 
Due to current status of the licensing round, and the prevailing political standing LIPEC 2014 will be postponed to 2015. The new dates will be announced as soon as the 2 decrees are voted in the council of ministers and will be communicated to you immediately. Alternatively, the Lebanese  Petroleum Administration (LPA) will be organizing Lebanon Petroleum Day (LPD) on October 22nd 2014 that will highlight various themes including: offshore updates, onshore ongoing surveys and draft law, Lebanon’s gas potential, the value [...]
04 Oct, 2014
 
The first surveying aircraft started successfully last weekend its flight operations covering from Beirut to the northern Lebanese Onshore. It will be followed in the coming 10 days by another aircraft holding different types of sensors and covering the Transition Zone in addition to the Onshore. Two separate planes will fly over Lebanese territory from 9:30 a.m. until 2:20 p.m. on a daily basis for around 60 days, taking into consideration the weather conditions and all [...]
02 Sep, 2014
 
Energy Minister Arthur Nazarian issued a decision on August 8, 2014, postponning the deadline to submit bids in Lebanon’s first licensing round from August 14, 2014, to a maximum period of six months from the date of the adoption of the two missing decrees related to block delineation, and the tender protocol and model exploration and production agreement (EPA) by the government. Frequent power vacuums within the executive branch (the country was run by a [...]
26 Aug, 2014
 
With the continuous delay in the adoption of the two decrees related to block delineation, and the tender protocol and model exploration and production agreement (EPA), many ask their selves what would have happened if the Lebanese government respected the first licensing timetable scheduled on May 2nd 2013. In fact, Lebanese citizens really ignore the effect of the Oil & Gas exploration startup, whether you prefer to see it from an individual or global perspective. What is the real impact of [...]
19 Aug, 2014
 
Until when will our recent discovered reality remain a dream? Until when will our political instability leave us desperate and thirsty when trying to achieve our dreams?    As previously mentioned, according to many surveys it has been found that Lebanon has significant amount of oil and gas offshore that obviously interested a massive number of international qualified oil and gas companies that sought to potentially operate and develop that recent project, or so called dream. However and unfortunately, as the Lebanese government [...]
13 Aug, 2014
 
Photo: Seismic survey teams are working in Lebanon to map the country's subsurface and identify the presence of oil or gas reserves. [Photo courtesy of the Ministry of Energy and Water] Lebanon’s oil and gas update is no update at all. Lebanon is undergoing the worst security crisis since the start of the civil war three years ago in Syria. On August 2, militants of the self-proclaimed Islamic State attacked Arsal, a town in Northern Lebanon, [...]
12 Aug, 2014
 
Daily Star - Beirut: The decision to delay the gas-licensing round for another six months has raised concern in international financial circles that Lebanon will most likely miss a golden chance to tap potential gas wealth in the sea in the near future. The London-based Economist Intelligence Unit said that the delays in the issuance of gas licenses reflected the government’s failure to ratify two decrees that would outline the terms of exploration and production [...]
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Cogico SARL
  Oil & Gas, Fuel
  01 808150
Wardieh Holdings
  Oil & Gas, Fuel
  01 243476
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