Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for ...

In a separate development, SOCAR announced on 31 January that it had signed an agreement with Union Energy to acquire a 10% ...

As part of the licensing for Cluster I, located near the Leviathan field, Socar will be the operator of the exploration ...

Chevron (NYSE:CVX) has filed an updated plan with Israel's energy ministry for the next development phase of its huge Leviathan gas field in the eastern Mediterranean Sea, which could cost ~$2.4B ...

The agreement gives Socar another foothold in important Israeli assets after the company bought a 10% stake in the Tamar gas field earlier this year. The deal comes at a time when Israel has been ...

As part of the licences for the so-called Cluster I near the Leviathan field, Socar will act as operator of the exploration consortium while BP will be involved in Israel's natural gas sector for the ...