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The Global Oil & Gas Outlook 2020

Walking the tightrope—vigilance required to keep moving forward in 2020 As we, once again, move from one year to the next, how do we assess the oil and gas and chemical sectors’ performance in 2019 and its prospects for 2020? As always, there are headwinds and tailwinds, risks and opportunities, uncertainties and foreseeable trends, but in this report we aim to take stock of the main factors to watch for in 2020 across the diverse oil, gas, and chemical industry. Over the past decade, we have seen the heights of bullish optimism and seemingly limitless investment during the years of
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Israeli gas flows into Egypt

A statement from Noble Energy, which works on the offshore Leviathan field, noted that sales to Jordan had begun on January 1. First sales from the field were reported on December 31. Gas is exported to Egypt via the East Mediterranean Gas (EMG) pipeline, in which Noble has a stake. “I’ve been very pleased with the startup and early performance which has provided confidence in meeting our 2020 sales outlook,” said Noble’s senior vice president for the offshore J Keith Elliott. “Leviathan natural gas provides redundancy in supply domestically and enables Israel to further transition from coal, improving air quality
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Steinitz confident Israel and Cyprus can supply EastMed pipeline

ATHENS – Israel and Cyprus have enough gas to fill the proposed EastMed natural gas pipeline from the East Mediterranean to Europe, Israel’s Energy Minister Yuval Steinitz told New Europe in an interview in Athens on 3 January. A few moments earlier, Steinitz signed with his Greek and Cypriot counterparts — Kostis Hatzidakis and Yiorgos Lakkotrypis — an intergovernmental agreement for the 1,900-kilometre EastMed pipeline at a ceremony in Athens. Israeli Prime Minister Benjamin Netanyahu, Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades also attended the ceremony at the Zappeion Hall in Athens. For the full article please
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Global Oil And Gas Discoveries Hit Four-Year High

The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits. Guyana’s success story from 2018 continued in 2019, with ExxonMobil adding four new discoveries within its offshore Stabroek block, while Tullow Oil’s Jethro and Joe exploration wells established the presence of a working petroleum system to the west of the Stabroek block. Rystad Energy estimates that the
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Natasa Pilides Included in Lloyd’s Top 10 Influential Women in Shipping List

Following the example set by the International Maritime Organization with this year’s Maritime Theme of “Empowering Women in the Maritime Community”, Lloyd’s List felt it was important that the Top 100 project as a whole reflected more of the influential women steering companies, bodies and associations through these turbulent times in shipping. Before unveiling those, who made it into the full Lloyd’s List Top 100 most influential people in shipping ranking, they highlighted the 10 influential women in shipping who have embodied the IMO’s theme of empowering women in the maritime community. To view the original article please click here.
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Cyprus to work with Israel over exploitation of Aphrodite gas field

Cyprus will send a proposal for the exploitation of the Aphrodite natural gas field in the coming weeks to Israel, government spokesman Kyriacos Koushios said on Saturday. Speaking on the sidelines of an event for a special needs schools in Alassa, Koushios commented on the signing of the EastMed pipeline agreement on Thursday, saying the government met with Israeli representatives and Prime Minister Benjamin Netanyahu to discuss the exploitation of the Aphrodite field. “In the next two to three weeks, our side will send a proposal to the energy ministry of Israel, and we believe that there will be no
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EU welcomes EastMed gas pipe deal as ‘one option’ to strengthen energy security

The European Commission has said the EastMed natural gas pipeline deal signed by Cyprus, Greece and Israel yesterday (2 January) is a “welcome development,” but insisted on exploring further cost-benefits of different options. “The agreement is a welcome development. The pipeline should be seen as one option of tapping EastMed gas supplies for the EU alongside shipping it to the EU by tankers in the form of LNG. It’s important to explore further the costs and benefits of both main options,” an EU spokesperson told Greek One TV channel yesterday. The EU official added that the Commission has so far
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East Med pipeline agreement constitutes a historic milestone, President Anastasiades says

The intergovernmental agreement for the construction of the EastMed natural gas pipeline was signed at Zappeion Megaron, in Athens, by Greece`s Environment and Energy Minister Kostis Hadzidakis, Cyprus` Energy Minister Yiorgos Lakkotrypis and Israeli Energy Minister Yuval Steiniz. The agreement was signed in the presence of Greece`s and Israel`s Prime Ministers Kyriakos Mitsotakis and Benjamin Netanyahu, and President of the Republic of Cyprus, Nicos Anastasiades. During the joint press conference that followed the signing of the agreement, President of the Republic of Cyprus Nicos Anastasiades said that the EastMed agreement constitutes a historic milestone, which confirms in the most tangible
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