Oil and gas articles

A roadmap for the first licensing round

A roadmap for the first licensing round

On January 4 2017, the Lebanese government approved what many observers have been waiting for since March 2013: two oil and gas decrees, without which the country’s first licensing round could not proceed. One delineated offshore blocks, another detailed the model exploration and production agreement and set out the tender protocol. To signal its determination,

Selling a national oil company

The National Oil and Gas Company of Lebanon. Sounds official. It isn’t. But not for a lack of trying. Many countries with revenue from mining the “Devil’s excrement” (or Satan’s flatulence, to extend the metaphor and fully capture the industry) have a state-owned company participating in oil and gas operations (a working interest, as it’s

Legislation in progress

Recent news that rival political parties agreed on a vision for Lebanon’s oil and gas sector was met with worried optimism – an over three year wait for pending decrees to move the first offshore licensing round forward may be nearing an end. Until early July it seemed that oil and gas would continue to

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