EastMed pipeline project seeks offshore EPCI players in tender
IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding. Eastern Mediterranean (EastMed) is a 1,900 kilometers long natural gas pipeline project to connect the gas reserves of the […]
Energean upgrades Karish North reserves, first gas expected 2022
Competent Persons Report certifies 1.2 Tcf (34 Bcm) plus 39 million barrels of gross 2C recoverable resources in Karish North, a 32% uplift on prior estimates. Submission of Field Development Plan Addendum for Karish North: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the completion […]
Energean Power FPSO hull sailed away from China to Singapore
Karish Project Update – FPSO Hull Sailaway from China: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard […]
Energean might reduce its budget for Egypt by $140 million
Mediterranean gas group Energean might cut its budget for Egypt by USD 140 million as oil and gas companies cut back on spending amid the covid-19 pandemic and a simultaneous oil price war. Energean has already cut its planned outlay in Greece and Israel by USD 155 million. Mediterranean gas group Energean said it would […]
Work continuing at Far East yards on Energean’s FPSO
Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results statement. Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results […]
Eastern Mediterranean Gas: What Prospects for the New Decade? ISPI Opinion
This Commentary Piece by Simone Tagliapietra was originally published by ISPI (Italian Institute for International Political Studies). The last decade has seen the eastern Mediterranean region become a hotspot of the global natural gas industry, attracting increasing attention from multiple stakeholders also as a result of its high geopolitical stakes. Notwithstanding this momentum, progress has […]
Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts
The East Mediterranean is home to numerous major gas finds, with key players seeking routes to market via gas pipeline pacts and establishment of the East Mediterranean Gas Forum (EMGF). Tensions in the region are increasing, however, as Turkey moves to drill in blocks licensed by Cyprus and the EU imposes sanctions against Turkey’s TPAO […]
Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt
Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]
Egypt’s offshore prospects are even greater with the right technology – Siemens
Article by Siva Krishnan; Vice President, Middle East & North Africa – Siemens Oil & Gas. Egypt is on the verge of transitioning from a net importer of gas into a regional gas hub, thanks to massive offshore discoveries in the Eastern Mediterranean. But abundance is only part of the equation – Egypt’s golden gas […]
Edison starts deepwater exploratory drilling for gas in Egypt; Energean CEO
Italian energy group Edison has begun drilling an exploratory well in deepwater acreage in Egypt, not far from other giant east Mediterranean gas fields, the CEO of Israel-focused gas driller Energean said on Wednesday. Energean is in the process of taking over Edison’s Egyptian assets in a deal reached last year. “We’re drilling right now […]