Energy Company Energean Lines Up London Listing
An independent oil and gas explorer, Energean, today announces its intention to proceed with an initial public offering (IPO). Energean intends to raise around $500 million in London Stock Exchange’s More...
Lebanon Warns: Israel’s Annexion of Maritime Zone Means War
Lebanon Parliament Speaker Nabih Berri stressed that Israel’s maritime border zone proposed law to trigger a new war, al-Joumhouria daily reported on Wednesday. Earlier this week Israel decided More...
Israel Sets to Annex Disputed Maritime Border Area With Lebanon
Israel is expected to annex a widespread maritime border territory of which Lebanon also claims ownership. It was recently decided to bring a bill to define the maritime border economy with Lebanon to be read and More...
Oil Prices: This Should Terrify Energy Bulls
Oil Prices Slide on Oil Production Increase OPEC (read: Saudi Arabia, the Middle East’s “sugar daddy”) continues to snub the global economy as it smugly holds to its steadfast philosophy of seeking—nay, More...
Netanyahu Appoints Special Envoy to Cairo to Settle Gas Debt Dispute
Israeli Prime Minister Benjamin Netanyahu on Tuesday appointed a special envoy to Egypt to settle a dispute over natural gas debt owed by Egypt to Israel. Netanyahu made the decision to appoint the envoy More...
Blavatnik, Vekselberg Must Face $2 Billion Oil Proceeds Suit
The Supreme Court of the State of New York has rejected the efforts of Billionaires Leonard (Len) Blavatnik and Viktor Vekselberg to stop a lawsuit by Russian businessman Leonid Lebedev who says they owe More...
Russian Billionaire Viktor Vekselberg’s Renova Gets Two Thirds of Sulzer
Russian billionaire Viktor Vekselberg’s Renova Group, has cemented control of Sulzer AG after a tender offer raised its stake in the Swiss supplier to oil and gas companies, to almost two thirds More...
James Tisch’s Diamond Offshore Profit Beats on Demand for Ultra-Deepwater Rigs
Diamond Offshore Drilling Inc (DO.N), one of the world’s top-five offshore rig contractors, reported a much higher-than-expected quarterly profit, helped by demand for its high-tech ultra-deepwater More...
Woodside Signs MOU With Leviathan Partners May Pay Up to $2.5 Billion for 25% Interest in Gas Field
– – Australian oil company Woodside Petroleum Ltd. has now gone a significant step further towards investing in Israel’s Leviathan offshore gas project. Woodside announced today that it has converted More...
Australian Woodside to Raise Israeli Leviathan Offer
– Yitzhak Tshuva says the deal will be signed soon as sources say the Australians will up their payment by several hundred million dollars. – Woodside Platform – / By Amiram Barkat and Ron More...