Lebanon’s acting energy minister Gebran Bassil has announced that 52 firms from 25 countries have submitted applications for the pre-qualifying round for the country’s offshore oil and gas. Included amongst…
Gas
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The exploration of new resources is not often a top priority for Middle Eastern national oil companies (NOCs). Thanks to giant oil fields discovered between 1940 and 1970, the region’s…
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The relations between the countries of the Eastern Mediterranean are, to say the least, a tad complex. Centuries of invasions, occupations, liberations and alliances have carved a map that is…
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Amidst the fog of war in Syria, the clamor of sanctions and the threat of conflict in Iran, some transnational business deals in the region have slipped quietly. That was…
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And as if from nowhere, there was a breakthrough. Ten months after the Council of Ministers, Lebanon’s cabinet, demanded the establishment of a Petroleum Administration (PA), and nine months after…
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Brent crude rose to near $114 a barrel on Tuesday, after steep losses in the previous session, but gains were limited as investors weighed the impact of the U.S. Federal…
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In January 2007, Cyprus and Lebanon, both signatories to the United Nations Convention on the Law of the Sea (UNCLOS 1982), signed an agreement on the delimitation of their exclusive…
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The odds are now stacked in favor of there being a treasure trove of hydrocarbons locked under Lebanon’s seabed. Nobody can be certain until the first field has successfully been…
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The science is still in progress, but it now seems clear that the Eastern Mediterranean Basin holds oil and gas deposits that are truly mammoth. While the precise amount and…
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In its drive to become an oil and/or gas producing country, Lebanon currently faces the challenges of establishing and implementing a sound regulatory framework and an effective Petroleum Administration, the…