Gas licences given to four companies

FOUR licences for gas exploration in offshore blocks were announced by the government last night as part of the second licensing round launched in February. The blocks for which the licenses have been awarded are: 2, 3, 9 and 11. They are all contiguous blocks, lying north and north-east of Block 12, where US firm Noble Energy has a concession to drill. ...

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Η Τουρκία αρνείται να ακολουθήσει το όραμα της Κύπρου για την Αν. Μεσόγειο

Από Φιλελεύθερος «Η Άγκυρα με τις ενέργειές της δημιουργεί ένταση στην περιοχή» Η Τουρκία αρνείται να ακολουθήσει το όραμα της Κύπρου για την Αν. Μεσόγειο, δηλώνει η ΥΠΕΞ [caption id="attachment_64040" align="alignnone" width="395"] Η υπουργός Εξωτερικών, Ερατώ Κοζάκου-Μαρκουλλή.[/caption] Λευκωσία: Επικρίσεις εναντίον της Τουρκίας ότι αρνείται να συνεργαστεί με την Κύπρο και να μοιραστεί το όραμα της για σ ...

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Cyprus Extends East Med Gas Role with Egyptian Deal

Building on its new role as the Eastern Mediterranean’s natural gas anchor, Cyprus announced a new working partnership with Egypt meant to promote the sharing of expertise and experience between the two countries. According to comments from Egyptian Minister of Petroleum and Mineral Resources, Ossama Kamal, Cyprus made an appeal for guidance on how best to approach the island-nation’s new-found oil and gas ...

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Greek utility sale risks undermining EU energy goals

Greek utility sale risks undermining EU energy goals

The sale of Greek gas firm Depa as part of European Union-backed state asset sales could undermine EU efforts to reduce Russian involvement in Europe's energy markets. Russia's Gazprom has expressed the strongest interest out of the prospective bidders, according to two Greek energy sources with knowledge of the matter. ...

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“Single gas supplier is strategic threat for Israel”

“Single gas supplier is strategic threat for Israel”

"Israel's dependence on a single natural gas supplier in the coming years is a strategic threat to national security. A breakdown in gas deliveries from Tamar, due to political, technical, sabotage, or natural disaster in the coming years could cause a prolonged blackout, which the economy cannot withstand, warns Eco Energy Ltd. co-CEO Dr. Amit Mor, an advisor to the World Bank on energy issues, ahead of En ...

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Leviathan Oil Prospects Encouraging for Region – Geologist

Leviathan Oil Prospects Encouraging for Region – Geologist

An improved forecast for finding oil at the Israeli off-shore well Leviathan is good news for other companies planning to drill in the area, a geologist from one of the region's major exploration groups said on Monday. Texas-based Noble Energy last week provided a forecast with a 25 percent probability of geological success for finding oil in the deep layers of the Leviathan field, up from an earlier estima ...

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Turkish FM cagey on Aegean concerns during Athens visit

Turkish Foreign Minister Ahmet Davutoglu said on Wednesday that Greece should not declare an exclusive economic zone (EEZ) until a bilateral agreement has been reached on the delineation of the continental shelf and the two countries’ territorial waters, while stressing that Ankara had no plans to prospect for oil and gas off the island of Kastelorizo. ...

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Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

From Hawaii News Daily It turns out that the poster child for the European debt crisis is not actually poor at all. In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas. If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems. Fortunately, this r ...

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