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Noble Energy makes another natural gas find offshore Israel; total gross mean Levant gas resources now estimated at 38 Tcf

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announced a natural gas discovery at the Karish prospect offshore Israel. The Ensco 5006 rig drilled the Karish well and will relocate to Cyprus where it is scheduled to spud an appraisal well at the Cyprus A discovery next month. Co-owners are Avner Oil and Delek Drilling each with a 26.47% interest. Noble Energy, Inc.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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Cyprus offshore hydrocarbon exploration blocks. The study is a part of of a larger report that will further take into account the changing dynamics of the regional and global gas markets, giving a comprehensive view of the implications for the long-term development of natural gas in Cyprus and other like nations. Paltsev et al.

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