Davutoglu sounding more and more like Nasrallah

American-based Noble Energy announced on Wednesday that it is going to begin drilling for gas off the coast of Cyprus by October 1. Noble Energy Inc. (NYSE: NBL) will begin drilling for natural gas at Cyprus's offshore Block 12 by October 1, Energy Service director Solon Kassinis told "Cyprus Mail" today.Block 12, located in Cyprus's Exclusive Economic Zone, is near Israel's Leviathan license in

UN tells Lebanon to stop complaining about its borders and start looking for oil

Saying that Lebanon is at least seven years behind Israel in oil and gas exploration, UN Representative Michael Williams has actually told Lebanon to stop complaining about their borders, and to start looking for oil and gas, according to a report in the Lebanese newspaper as-Safir. Lebanon is at least seven years behind Israel in terms of developing its maritime natural gas and oil fields,