By Laila Bassam / Reuters BEIRUT: Lebanon is delaying tenders for offshore exploratory drilling as it sets up an oil and gas oversight committee, but seismic tests suggest increasingly large potential gas reserves, Energy and Water Minister Gebran Bassil said. Interest in drilling in the eastern Mediterranean has grown since two natural gas fields were discovered …
By Mamdouh G. Salameh In 2006, American oil company Noble Energy of Houston and Israeli company Ratio Oil Exploration received a license to explore “Leviathan”, a deep-water gas field in the Mediterranean about 130 kilometers from Israel’s coastline. At the end of 2010, the two companies announced that Leviathan contains 450 billion cubic meters of natural …
By Nizar Abdel-Kader In January 2009, Israeli oil company Delek and US Noble Energy Company discovered (some 55 miles off the coast of Haifa) a large natural reservoir known as “Tamar”, which holds an estimated eight trillion cubic feet of gas. Early in 2010, another offshore gas field called “Leviathan” with a potential of 16 trillion …
