LATEST NEWS
20 Jan, 2019
 
Eastern Mediterranean’s energy ministers meeting in Cairo on January 14 has resulted in a turning point announcement for the region’s energy industry. Seven officials representing Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine agreed to establish the East Mediterranean Gas Forum (EMGF) with the aim to expedite the development of hydrocarbon resources in the East Med, and transform the region into an energy hub. EMGF will be based in Cairo and will be open to new members joining in the [...]
05 Jan, 2019
 
The start of 2019 kicks-off with a set of consecutive deadlines and commitments for Lebanon’s Offshore O&G sector. Earlier in 2018, the Lebanese Government has licensed two offshore blocks (4 & 9) to an international consortium led by French giant Total, Italy’s ENI and Russian Novatek. Yet, the work of the Ministry of Energy & Water (MEW) as well as the Lebanese Petroleum Administration (LPA) did not end at that stage, and the negotiations with the winning consortium started since [...]
26 Dec, 2018
 
This year saw the translation of international oil companies’ interest in the Eastern Mediterranean—following the discovery of Zohr, in Egypt, in 2015—into concrete projects, and the confirmation of the region’s potential, with a new and promising discovery in Cyprus. Egypt received its final liquified natural gas (LNG) shipment in September and is aspiring to become a regional gas export hub, following an impressive increase in production and the signing of agreements that could see the transport of gas from neighboring [...]
15 Sep, 2018
 
Preparations for the launching of Lebanon’s second offshore oil and gas licensing round have begun. The regulator, the Lebanese Petroleum Administration (LPA), has published a tentative timeline for the tender, which will be officially launched at the end of 2018. The process, including the pre-qualification phase, will extend over a period of one year. The second licensing round is scheduled to start in January 2019 with the opening of the pre-qualification round. The legal, technical, commercial, and QHSE (Quality, Health, Safety & [...]
01 Aug, 2018
 
By Roudi Baroudi: Given the fact that that the two sides do not have diplomatic relations and have been, legally speaking, at war since 1948, resolving this dispute was always going to be a challenge. For months, Lebanon and Israel have been at a historic crossroads over how to settle their maritime boundary dispute. Although their competing claims concern a patch of water of less than 900 square kilometers, it is the potential reserves of oil and, especially, natural gas worth [...]
31 July, 2018
 
SECOND LICENSING ROUND: On the 17th of May 2018, the Council of Ministers (CoM) approved the recommendation of the LPA to undertake the preparations for a second offshore licensing round scheduled to be officially launched by the end of 2018. Lebanon has successfully completed its first offshore licensing round that resulted in the award of two licenses in blocks 4 and 9 earlier this year. The aim of the second licensing round is to build on [...]
27 June, 2018
 
Lebanon and Israel have been feuding over an 860-sq km disputed area that extends along the edge of three of the 10 blocks that form Lebanon’s exclusive economic zone (EEZ), with both parties staking their claim to the oil-rich surface. A partial deal over the delicate Lebanese-Israeli maritime dispute could be set up this year after new ideas were proposed by a U.S led back-channel mediation mission, Israel's Energy Minister told Reuters. The area in question, which falls partially within Block 9, [...]
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Cogico SARL
  Oil & Gas, Fuel
  01 808150
Wardieh Holdings
  Oil & Gas, Fuel
  01 243476
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