Israel

SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.

The updated plan seeks to avert termination of the PSA by raising total investment and constructing a floating production unit at Aphrodite plus an export pipeline to Egypt.

The tieback to the Energean Power FPSO is expected to deliver first gas in the first half of 2027.

Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.

While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel.

Honda Motors invests in fusion in hopes of finding ways to recharge EVs at scale.

Updates about global exploration and production activities and developments.

Fatih Birol, the head of the International Energy Agency, says in an interview that rising geopolitical threats to global oil and natural gas supplies are hurting the appeal of fossil fuels as reliable, safe energy sources.

The energy ministry instructed a shutdown following Hamas missile strikes.

Any conflict in the Middle East can create a geopolitical risk premium, but a more dramatic price impact may not materialize unless the conflict draws in other states and nonstate actors.