From the shores of Spain to the coast of Israel, energy companies are searching for, and starting to tap into, new oil and natural gas reserves in the Mediterranean.

Their efforts are driving a boom that could bolster battered government purses and eventually transform markets across the region.

The Mediterranean has become a new frontier for oil and gas companies hungry for fresh finds, as once-rich fields in areas like the North Sea begin to run dry. Although parts of the region have been harvested before, new technologies, including highly sensitive underwater surveying and techniques for drilling in deeper waters, mean that previously undiscovered or inaccessible reserves may now be reachable....continue reading

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