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SnapshotsMay 7, 2019 | 15:46 GMT
Turkey, Cyprus: The Eastern Mediterranean Heats Up Over Drilling
A number of geopolitical interests intersect in the Eastern Mediterranean, where Turkey, Greece, Cyprus, Israel, Egypt and the United States are all striving to increase their influence. The discovery of oil and natural gas reserves in the region has added yet another layer of complexity to their ongoing competition. On
SITUATION REPORTApr 12, 2019 | 21:56 GMT
Venezuela: Washington Discusses Heavier Sanctions
U.S. Treasury Secretary Steven Mnuchin has met with finance ministers of the Lima Group -- a multilateral body of 14 American countries that seeks a peaceful exit to the Venezuelan crisis -- and representatives of other nations including Spain, Italy, Portugal and the United Kingdom to discuss potentially imposing heavier sanctions on Venezuela, according to an April 11 announcement by the U.S. Treasury Department.
SnapshotsMar 14, 2019 | 21:31 GMT
Israel: ExxonMobil Mulls an Offshore Bid, Signaling a Shift in the Middle East Business Climate
ExxonMobil is reportedly exploring whether to bid on blocks in Israel's ongoing second offshore bidding round. The firm, which has held discussions with Israeli Energy Minister Yuval Steinitz regarding a possible bid, has until March 28 to submit a letter of interest and documentation to prequalify as an operator for
SnapshotsFeb 28, 2019 | 23:13 GMT
Cyprus: Another Offshore Discovery Will Intensify a Regional Struggle Over Energy
ExxonMobil ended weeks of speculation with its announcement on Feb. 28 that it had struck a significant gas deposit at its Glaucus prospect, southwest of Cyprus in the eastern Mediterranean Sea. Initial assessments suggest the reservoir could have between 142 billion and 227 billion cubic meters (5 trillion and 8
AssessmentsFeb 22, 2018 | 09:30 GMT
Liquefied natural gas flows through an underwater pipeline to Israeli power plants.
The Eastern Mediterranean's New Great Game Over Natural Gas
For the energy industry today, few other places present such a complicated chessboard. The eastern Mediterranean has elicited more and more interest from major international oil companies, particularly in the wake of a series of discoveries crowned by the giant Zohr natural gas field off Egypt in 2015. Thanks to
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