BP Plc and Abu Dhabi National Oil Co. will form a natural gas joint venture and have made an offer to take Israel’s NewMed Energy private in a deal worth around $2 billion. The move will deepen BP’s presence in the eastern Mediterranean and mark ADNOC’s first venture into the …
Read More »Iran Rejects U.S., UK Accusations over Israeli Ship
Iranian Foreign Ministry spokesman Saeed Khatibazdeh has responded to allegations by U.S. and UK top diplomats against Iran about last week’s attack on an Israeli oil tanker off the coast of Oman. In a statement on Monday, Khatibzadeh said the statements issued by U.S. and UK top diplomats contain “contradictory” …
Read More »Iran Urges IAEA to Address Israeli Regime’s Nuclear Status
Iran’s ambassador to Vienna-based international organizations urged the International Atomic Energy Agency (IAEA) to address the Israeli regime’s nuclear status. In a letter to IAEA Director General Rafael Grossi, Kazem Gharibabadi urged the UN nuclear watchdog to draw the attention of all members of the Treaty on the Non-Proliferation of …
Read More »Israel’s Leviathan Gas Field Production Hit by Declining Demand
Israel’s offshore Leviathan gas field experienced declining gas production volumes and prices in Q2 2020, following a drop in regional demand as a result of the Covid-19 pandemic, Kallanish Energy reports. A H1 2020 update published by project partner Derek Drilling recorded total net gas production of 0.74 billion cubic …
Read More »Cyberattacks Linked to Iran Appear to Target Bahrain Petroleum Co.
An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems.
Read More »Greece. Israel. Cyprus Sign EastMed Gas Pipeline Deal
The region lacks significant oil and gas infrastructure.
Read More »Israel to Phase Out Coal-Fired Power Generation by the End of 2025
Energy Minister Yuval Steinitz announced the nation would get rid of the polluting fossil fuel from its energy mix five years earlier than originally planned.
Read More »Israeli IoT Security Firm Raises $3.6m Investment Led by Energy Firm Innogy
ShieldIOT says its software security platform enables service providers and utilities to secure and mange the security of any IoT device. application or network.
Read More »Delek’s Ithaca Energy Unit to Acquire Chevron’s Central North Sea Assets
Delek Group Ltd.. the energy company controlled by Israeli billionaire Yitzhak Tshuva. agreed to buy North Sea oil and gas fields from Chevron Corp.
Read More »Lebanon Oil and Gas will Tempt Mediterranean Region
Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.
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