Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Algerian upstream remains not for the fainthearted
Even after the hydrocarbons law passes, would-be partners will not have troubles to seek
Licensing round March update
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
Pharos’ main man goes back to the East Med future
The independent’s CEO was making oil discoveries in the Gulf of Sinai in the 1970s. Now he is back in the region
Independent E&P journey ‘can be done again’
Ex-Tullow man thinks that doom and gloom about the global upstream business is overdone
Egyptian optimism
One of the more regressive fiscal regimes and a generally challenging environment are not enough to dampen United Oil & Gas’ enthusiasm for the Western Desert.
East Med gas going nowhere
Lebanon’s first offshore well was dry, exploration off Cyprus is on hold—the region’s glitter is looking distinctly faded
Algeria’s upstream rebirth is interrupted
A promised rejuvenation of the hydrocarbons sector and state oil company has been stopped in its tracks
East Med juggles win-losses and win-wins
Rivalry continues to impact energy projects across the region. But collaboration will be essential to achieve economic potential
Lebanon’s gas hopes threatened by corruption
Energy sector legislation may not prevent corruption marring any future gas discoveries, a new book says
Algeria Eastern Mediterranean Egypt
Gerald Butt
4 July 2019
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Energean acquires Edison E&P

The deal expands Energean’s footprint in the Mediterranean, giving it assets in gas-rich Egypt and Algeria for the first time

Energean has expanded fast, from a small private start-up firm in Greece in 2007, to become a major East Med upstream player. It is developing the Karish and Tanin gas fields offshore Israel, with first gas scheduled to be delivered to power firms in the country in Q1 2021. Energean has commissioned its own floating production storage offloading facility—the first to operate in the East Med. It will operate 56 miles (90km) off the Israeli coast. This latest move consolidates its position in a major way. The London-based company is acquiring Edison E&P and its subsidiaries for $750mn, with an additional consideration of $100mn contingent on the commissioning of the Cassiopea gas project i

Also in this section
Oil demand ramps up air miles
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
Letter from the Middle East: Iran-Israel war risks dire straits
23 June 2025
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
Energy’s electric shock
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
ADNOC eyes cross-border opportunities
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search