Energean finalises $1.2bn investment for Katlan gas development project in Israel

By on    Energy Industry News  

Energean finalises $1.2bn investment for Katlan gas development project in Israel

Energean plc (LSE: ENOG, TASE: אנאג) has announced a significant step in its expansion strategy with the Final Investment Decision (FID) for the Katlan development project in the Israeli waters of the Mediterranean Sea. The decision to proceed with this substantial venture marks a pivotal moment for Energean, highlighting its commitment to enhancing gas production […]

Big oil moves: QatarEnergy snaps up 20% stake in Suriname’s Block 5 – What this means for the future

By on    Energy Industry News  

Big oil moves: QatarEnergy snaps up 20% stake in Suriname’s Block 5 – What this means for the future

QatarEnergy has reached a significant agreement to acquire a 20% working interest in the offshore Block 5 production sharing contract in Suriname. This move marks a notable expansion for QatarEnergy into the South American oil market, highlighting its ongoing commitment to exploring new and promising oil basins. Under the terms of the agreement, Chevron Corporation, […]