Monday, August 19, 2019

Lebanon News

KCA Deutag Names Elkhoury CEO

Image: KCA Deutag

Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as ­current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31…

Lebanon Announces Offshore Blocks

© bilalulker / Adobe Stock

Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders.Offshore energy…

BP Partners with Eni For Exploring Oman Block

Image: BP

British multinational oil and gas company BP and Italian oil and gas giant ENI have signed a heads of agreement with the Ministry of Oil & Gas of Oman to explore Block 77 in central Oman.In addition…

Lebanon 2nd Offshore Licensing Announced

Map: Agenor Energy

The Ministry of Energy & Water in Lebanon together with the Lebanese Petroleum Administration announced via their website the recommended blocks for bidding during the Lebanese 2nd licensing round…

U.S. Allows Eight Jurisdictions to Keep Buying Iran Oil for Now

The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S.

Lebanon Begins Offshore Oil & Gas Exploration

Lebanon's search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France's Total , Italy's Eni and Russia's Novatek. Energy…

Lebanon Prepares for Second Offshore Oil and Gas Licensing Round

Lebanon's energy minister said on Tuesday he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.Lebanon in February signed its fi

Lebanon Will Use Energy Block Disputed by Israel

Lebanese Energy Minister Cesar Abi Khalil vowed on Friday there would be full exploration in offshore energy Block 9, part of which lies in waters disputed by neighbouring Israel. Lebanon said on Friday…

Eni/Total Find NatGas off Cyprus

Italy's Eni and France's Total have discovered a promising natural gas field off Cyprus, Eni said on Thursday, saying the find looked geologically similar to the mammoth Zohr field off Egypt. Further…

Israel Seeks Diplomatic Solution to Med Gas Spat with Lebanon

Israel seeks a foreign-mediated diplomatic resolution with Lebanon over a disputed Mediterranean gas field, the Israeli energy minister said on Wednesday after a surge in hostile rhetoric between the enemy countries.

Lebanon Vows to Protect Maritime Borders from Israel

© Loes Kieboom / Adobe Stock

Lebanon vowed to protect its maritime borders from Israeli threats, Energy Minister Cesar Abi Khalil said on Wednesday. "Lebanon will use all available methods to fend off the Israeli aggression that was announced today…

Israel, Lebanon Argue over Offshore Block, Beirut Slams 'Threat'

Israel described as "very provocative" on Wednesday a Lebanese offshore oil and gas exploration tender in disputed territory on the countries' maritime border, and urged international firms not to bid.

BB Energy Reopens U.S. Distillates Desk, Expands Trading

File Image (CREDIT: AdobeStock / (c) Kasto)

Oil trader BB Energy plans to relaunch its U.S. middle distillates operations, hiring Nelson Rios to trade from the company's Houston office, a source familiar with the plans told Reuters. Dubai-based BB Energy…

DNV GL Taps Oudman as Regional Manager

Ben Oudman (Photo: DNV GL)

As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has…

Oil Prices Rise on Supply Cuts, Tensions

© marrakeshh / Adobe Stock

Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia. Brent crude oil was up 59 cents or 0.9 percent to $64.08 a barrel by 11:30 a.m.

Bids Close on Lebanon Offshore Energy Blocks

Lebanon's energy minister Cesar Abi Khalil on Thursday said a tender had closed on a first round of offshore energy blocks, without saying how many companies had bid. It will take years for revenue…

Lebanon Passes Oil Tax Law

Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licences next month.

Lebanon Extends Offshore Oil Bid Deadline

Lebanon's energy ministry has extended a deadline for bids in its first licensing round for offshore oil and gas exploration by four weeks to Oct. 12, the state-run National News Agency (NNA) reported on Friday.

BB Energy buys Morgan Stanley's Aussie Diesel Terminal

BB Energy has bought Morgan Stanley's diesel terminal in Australia as the oil trader expands outside its core European and Middle East markets, the trading company said on Tuesday. The U.S. bank and its peers JPMorgan Chase & Co…

Lebanese Oil Production Slated to Start in 2018

Lebanon expects to start oil production in 2018 and will deposit the resulting revenues into a sovereign wealth fund, President Michel Aoun said on Tuesday. "Everything that is extracted will be for the Lebanese people…