• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 28 mins WTI @ $75.75, headed for $64 - 67
  • 5 hours The Dirt on Clean Electric Cars
  • 17 mins EU to Splash Billions on Battery Factories
  • 2 hours Petrol versus EV
  • 9 hours These are the world’s most competitive economies: US No. 1
  • 9 hours The end of "King Coal" in the Wales
  • 18 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 16 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 18 hours Coal remains a major source of power in Europe.
  • 8 hours E-mopeds
  • 1 day Poland signs 20-year deal on U.S. LNG supplies
  • 8 hours 10 Incredible Facts about U.S. LNG
  • 5 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Alt Text

The Dark Horse Of The Oil Price Rally

Vietnam is set to break…

Alt Text

Disappearance Of Saudi Journalist Could Rock Oil Markets

The disappearance of Saudi journalist…

Alt Text

Move Aside Lithium – Vanadium Is The New Super-Metal

Lithium took investors across the…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

LEBANON: Good News for Stability, Good News for Levant Fossil Fuels Prospects

Bottom Line: The sweeping parliamentary endorsement of Sunni politician Tammam Salam to become the country’s next prime minister is a major boost for stability and removes a great deal of uncertainty surrounding the future of Lebanon’s Levant Basin oil and gas potential.

Analysis: On 6 April, Salam won support from all major factions—including the Shi’ite Hezbollah-led March 8 coalition and the Sunni-led March 14 alliance—for the post of prime minister. The level of uncertainty has been high following the resignation of prime minister Najib Mikati, and sectarian tensions and the spillover from the conflict in Syria were looming threats. Those threats still exist, but we can now consider them reduced. With Salam in place and enjoying broad support, Lebanon has a much greater capacity to deal with its pending challenges.

Over 50 companies have taken part in the pre-qualification round for bidding on Lebanon’s first offshore licenses. Among them are Royal Dutch Shell, Chevron, ExxonMobil, Total SA, Norway’s Statoil, Russia’s Rosneft OAO, and Italy’s Eni SpA. Some 30 companies from 20 countries purchased seismic data on the potential reserves, netting Lebanon over $34 million in revenues. The attractiveness of Lebanon’s offshore blocks is boosted by the fact that production has just begun at Israel’s Tamar gas field in the Levant Basin. Lebanon’s Petroleum Administration has been in existence…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News