Energy Industry

Jan 31, 2019

Sharks drawn to warm waters by Israeli coastal power plant

Hot water around industrial plant in coastal Israeli city draws schools of sharks, also tourists


Jan 29, 2019

France backs Cyprus' search for gas amid Turkey opposition

France's president says his country fully backs Cyprus' sovereign right to search for gas off the island nation's coast amid continued opposition by neighboring Turkey


Jan 28, 2019

Saudi Arabia showcases $53B in deals at conference

Saudi Arabia says nearly 40 agreements worth $53 billion were signed at the second major investment conference held in the kingdom since the killing of writer Jamal Khashoggi sparked an international outcry


Jan 27, 2019

Foundation of rig for Leviathan gas field arrives in Israel

Israel's Delek Drilling and its U.S. partner, Noble Energy, say the foundation of their rig for the Leviathan gas field has arrived


Jan 27, 2019

Abu Dhabi's ADNOC inks $5.8B deals with Eni and OMV

The state-owned Abu Dhabi National Oil Co. says it has signed agreements worth $5.8 billion with Italy's Eni and Austria's OMV for a share in the firm's refining unit and for the creation of a new trading venture


Jan 25, 2019

Turkey: Gas search off Cyprus after arrival of 2nd drillship

Turkey's foreign minister says his country will begin a search for natural gas in waters off neighboring Cyprus after it takes possession of a second drillship next month


Jan 24, 2019

Iraqi parliament approves budget of $112 billion for 2019

Iraqi parliament approves 2019 budget of $112 billion after much wrangling over apportion of revenue


Jan 23, 2019

Natural gas fields give Israel a regional political boost

Discovery of natural gas fields off Mediterranean coast gives Israel geopolitical boost with neighbors


Jan 20, 2019

Iraqi prime minister visits Basra, months after unrest

Iraq's new prime minister, Adel Abdul-Mahdi, has visited Basra, a city that saw riots last summer over acute water pollution and crippling power outages


Jan 18, 2019

Cyprus: US to lift Cyprus arms embargo in security boost

Cyprus' foreign minister says the U.S. will soon start lifting a decades-old arms embargo on the eastern Mediterranean island because Washington acknowledges its contribution to bolstering stability and security in the region