Oil and gas

Drilling of Lebanon’s first offshore well started on February 27. All eyes are pinned on Byblos 1, waiting to find out whether it is a dry or a commercial well. …

One of the major obstacles that post-war Lebanon has faced is the absence of adequate transparency tools that, if there, would have lead to greater public accountability. Access to information …

As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. …

This year saw the translation of international oil companies’ interest in the Eastern Mediterranean—following the discovery of Zohr, in Egypt, in 2015—into concrete projects, and the confirmation of the region’s …

Last year, Lebanon signed two contracts to explore potential oil and gas resources in its offshore waters. It took the authorities nearly four years to close the country’s first offshore …

Preparations for the launching of Lebanon’s second offshore oil and gas licensing round have begun. The regulator, the Lebanese Petroleum Administration (LPA), has published a tentative timeline for the tender, …

As the final preparations for the May 8 trilateral summit between the heads of state of Cyprus, Israel, and Greece were being laid out—the fourth such summit in just over …

It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need. Cyprus’ experience after the discovery of the Aphrodite gas field …

Now that Lebanon has signed the first two exploration and production agreements (EPAs) for offshore oil and gas, companies will prepare the groundwork to start drilling at the beginning of …

A comment made by Israeli Defense Minister Avigdor Lieberman at a Tel Aviv conference on January 31 sparked outrage in Lebanon, bringing the issue of the maritime border dispute between …