Energean (ENOG): Israel production disruptions

This situation live

ENOG Energean

£1,371m · 735.0p · −23% since the first step

27 Oct 2025 · Output recovered in Q3 after June suspension · −3% until the next step Production for the period was down year-on-year due to the temporary suspension of production in Israel in June 2025.

26 Nov 2025 · Q3 output recovered; 9M still down 3% · −1% until the next step Production increased in the third quarter, rising 35% quarter-on-quarter to average 176 kboed, reflecting operational excellence and robust summer gas demand in Israel following the temporary suspensi

26 Nov 2025 · Suspension ended 25 June; ceasefire announced October · −1% until the next step On June 25, 2025, the Ministry of Energy and Infrastructure instructed the safe restart and resumption of production and operations of the Energean Power FPSO, and Energean acted in accordance with th

2 Mar 2026 · New FPSO suspension ordered 28 February 2026 · +2% until the next step confirms that it received notice from the Ministry of Energy and Infrastructure on 28 February 2026 ordering the temporary suspension of production and activities of the Energean Power FPSO

19 Mar 2026 · Production still suspended at 19 March 2026 · −7% until the next step As of the time of writing, production in Israel remains suspended.

9 Apr 2026 · Restart permitted 9 April; ramp-up under way · +2% until the next step Energean is working to safely restart production and resume normal operations in line with its operating procedures.

13 Apr 2026 · FPSO fully operational; guidance update pending · +1% until the next step Energean will provide an update to its 2026 guidance in due course.

20 May 2026 · FPSO restarted; guidance cut to 130-140 kboed · −2% until the next step Production in Israel was temporarily suspended for 41 days between 28 February and 9 April 2026, following a directive from the Ministry of Energy and Infrastructure due to geopolitical escalations.

20 May 2026 · FPSO restarted; Q1 accounts show impact · −2% until the next step On 28 February 2026, the Ministry of Energy and Infrastructure ordered the temporary suspension of production and activities of the Energean Power FPSO following further escalation of geopolitical ten

9 Sep 2026 · Production recovered; FY guidance reiterated · −15% since Production has subsequently recovered strongly, with 8-months 2026 production averaging 135 Kboe/d, in line with full-year guidance of 130-140 Kboe/d[11]

9 Sep 2026 · Recovered; H1 Israel accounts show resilience · −15% since Production of the Energean Power FPSO was resumed and the FPSO became fully operational on 10 April 2026.

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Israel production disruptions

Recovered; H1 Israel accounts show resilience

Every step · 11

27 Oct 2025 Output recovered in Q3 after June suspension – Production for the period was down year-on-year due to the temporary suspension of production in Israel in June 2025. ↗
26 Nov 2025 Q3 output recovered; 9M still down 3% – Production increased in the third quarter, rising 35% quarter-on-quarter to average 176 kboed, reflecting operational excellence and robust summer gas... ↗
26 Nov 2025 Suspension ended 25 June; ceasefire announced October – On June 25, 2025, the Ministry of Energy and Infrastructure instructed the safe restart and resumption of production and operations of the Energean Power... ↗
2 Mar 2026 New FPSO suspension ordered 28 February 2026 – confirms that it received notice from the Ministry of Energy and Infrastructure on 28 February 2026 ordering the temporary suspension of production and... ↗
19 Mar 2026 Production still suspended at 19 March 2026 – As of the time of writing, production in Israel remains suspended. ↗
9 Apr 2026 Restart permitted 9 April; ramp-up under way – Energean is working to safely restart production and resume normal operations in line with its operating procedures. ↗
13 Apr 2026 FPSO fully operational; guidance update pending – Energean will provide an update to its 2026 guidance in due course. ↗
20 May 2026 FPSO restarted; guidance cut to 130-140 kboed – Production in Israel was temporarily suspended for 41 days between 28 February and 9 April 2026, following a directive from the Ministry of Energy and... ↗
20 May 2026 FPSO restarted; Q1 accounts show impact – On 28 February 2026, the Ministry of Energy and Infrastructure ordered the temporary suspension of production and activities of the Energean Power FPSO... ↗
9 Sep 2026 Production recovered; FY guidance reiterated – Production has subsequently recovered strongly, with 8-months 2026 production averaging 135 Kboe/d, in line with full-year guidance of 130-140 Kboe/d[11] ↗
9 Sep 2026 Recovered; H1 Israel accounts show resilience – Production of the Energean Power FPSO was resumed and the FPSO became fully operational on 10 April 2026. ↗

What is happening

Energean: Israel production disruptions – Recovered; H1 Israel accounts show resilience. ['Recovered; H1 Israel accounts show resilience']

In short: The ministry shut the Energean Power FPSO from 28 February to 9 April 2026 (41 days). The 20 May update cut 2026 Group guidance to 130-140 kboed. The 9 September results showed recovery and reiterated guidance. The Israel H1 accounts show revenue of $481m and net profit of $101m, both flat year on year, with the going concern basis kept.
Announced: 27 Oct 2025 · Output recovered in Q3 after June suspension
Latest: 9 Sep 2026 · Recovered; H1 Israel accounts show resilience
Restart: FPSO fully operational on 10 April 2026
Risk: Any event affecting Karish and Karish North production could have a material adverse impact
Production: 8-month 2026 average 135 kboed; August above 180 kboed
H1 production: 124 kboed versus 138 kboed in H1 2025
Guidance: Group 130-140 kboed reiterated
H1 revenue: $481.3m versus $482.6m in H1 2025
H1 net profit: $101.0m versus $100.5m
Going concern: Basis adopted; liquidity sufficient to 31 December 2027, including prolonged suspension scenario

From the company's own announcements. Not investment advice.

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