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Tag: East Mediterranean
EuroAfrica-Map

Egypt, Cyprus sign MoU to connect electricity grids via subsea cable

Posted: October 17, 2021 at 1:39 pm   /   Electricity & Power

Egypt and Cyprus signed yesterday an MoU that would see them connect their electricity grids, Reuters reports. “Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Cyprus […]

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Egypt-Greece Electricity MoU

Egypt, Greece sign deal for first subsea power link between Europe and Africa

Posted: October 15, 2021 at 2:16 pm   /   Electricity & Power

 Greece and Egypt on Thursday clinched an agreement that sets the stage for an undersea cable that will transmit power produced by renewables from North Africa to Europe, the first such infrastructure in the Mediterranean. Greek Energy Minister Kostas Skrekas and his Egyptian counterpart, Mohamed Shaker, signed a memorandum of understanding for the project at […]

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Dana

Envoi assisting Dana Gas in farmout of North El Arish Concession offshore Egypt

Posted: June 2, 2021 at 2:23 pm   /   Oil & Gas

Envoi has been commissioned by UAE based Dana Gas PJSC, to assist in its search for a drilling partner to join them in the exploration drilling of the huge Thuraya prospect, situated some 80 km offshore from the Egyptian coast in Dana Gas’ 100% owned North El Arish Concession (Block 6). This comprises a multi-Tcf […]

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PGS Egypt

PGS’ MultiClient seismic reveals multiple opportunities offshore Egypt in 2021 licensing round

Posted: May 12, 2021 at 2:14 pm   /   Oil & Gas

PGS has 3,400 km of modern MultiClient seismic data covering all the blocks on offer in the Egypt Offshore Licensing Round. This much-anticipated round extends exploration opportunities in one of Africa’s most prolific petroleum provinces. Prospectivity of the Area The Ministry of Petroleum recently announced an Egypt Offshore Licensing Round in a highly prospective area […]

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Mubadala

Mubadala Petroleum to buy Delek’s 22% share in Tamar offshore gas field

Posted: April 27, 2021 at 10:41 pm   /   Oil & Gas

Israel’s Delek moves to sell stake in Tamar to UAE’s Mubadala; One of the Israeli natgas fields Egypt imports from could be getting a new shareholder: Israel’s Tamar offshore field, which supplies Egypt with natural gas under a 2018 agreement, could be getting a new shareholder after Delek Drilling, one of the field’s owners, signed […]

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Energean

Energean plc announces its 2020 Financial and Operating Results

Posted: April 22, 2021 at 2:08 pm   /   Oil & Gas

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce its audited full-year results for the year ended 31 December 2020 (“FY 2020”). Despite the challenges of 2020, Energean was able to report extraordinary achievements that are going to reinforce the company’s position and open new expansion […]

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Corinth Pipeworks

New major offshore East Med project awarded to Corinth Pipeworks

Posted: April 22, 2021 at 2:03 pm   /   Oil & Gas

Cenergy Holdings SA has announced that Corinth Pipeworks S.A., its steel pipe segment, signed an agreement to manufacture and supply steel pipes to Israel Natural Gas Lines (INGL), leader in natural gas distribution in Israel, for the offshore section of a new high-pressure gas pipeline between the cities of Ashdod and Ashkelon. Chevron, having recently […]

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Oil Dynamics

Oil Dynamics: Water production from deep aquifers installed in Middle East

Posted: April 21, 2021 at 2:24 pm   /   Oil & Gas

Water production from deep aquifers: Middle East installation by Oil Dynamics GmbH Team. A team of Oil Dynamics GmbH recently finished a substantial water installation in a wide mountainous area in the Eastern Mediterranean. The German company supplied a turn-key electric submersible pumping system (ESPS) including the electrical variable speed drive, control system, wellhead and […]

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Signing Edison E&P Acquisition Photo

Energean announces completion of Edison E&P acquisition

Posted: December 19, 2020 at 11:48 am   /   Oil & Gas

Energean plc announced that it has completed its acquisition of Edison Exploration & Production S.p.A. (“Edison E&P“) from Edison S.p.A. (“Edison“). The gross consideration* for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired) is 203 million. The enlarged group […]

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gas-drilling

EMG gas pipeline faces ownership change as Delek plans LSE spin-off

Posted: November 30, 2020 at 12:21 pm   /   Oil & Gas

Delek Drilling to transfer ownership in Israel-Egypt gas pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets into a new company it will IPO on the London Stock Exchange, according to a […]

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