Cyprus, Lebanon agree to boost oil, gas cooperation

Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President Michel Sleiman said Thursday. “We have given the issue of the gas and oil available in our water top priority and agreed to increase cooperation to agree on principles and sound means that would allow […]

Cabinet appoints government body to oversee oil sector

The Lebanese cabinet met on Wednesday at the Baabda presidential palace and approved the appointment of the six member oil regulatory authority ( or National Oil Company of Lebanon ) that will be charged with managing the oil / gas sector of the economy including the launching of the bidding process and issuing the required […]

Berri: Lebanon must hurry up to extract its offshore oil

Speaker Nabih Berri told An-Nahar newspaper in remarks published on Wednesday that the Lebanese cabinet must speed up its work to begin extracting offshore oil. “Some still do not even believe that Lebanon will become an oil rich country ,” Berri said adding: “Are we supposed to invite them to swim in the oil fields […]

Energy independence is no longer a US pipe dream

Williamsport, Pennsylvania, used to be celebrated for its past — as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found. Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush.