Newsletter subscribe
Tag: Edison
Edison

Edison has four offers for the sale of its upstream division

Posted: March 10, 2019 at 12:11 am   /   Oil & Gas

Four offers are on the table for the upstream oil and gas assets of Edison from Cairn Energy, Energean, Neptune Energy and the group that will be formed from the merger of DEA and Wintershall, Il Sole 24 Ore said. (Source: Reuters)

No Comments read more
Edison

Neptune, DEA submit bids for Edison oil and gas assets – sources

Posted: January 27, 2019 at 12:16 am   /   Oil & Gas

Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]

No Comments read more
Edison

Edison says it has not given up exploration rights in Egypt

Posted: December 20, 2018 at 1:28 pm   /   Oil & Gas

Italy’s Edison says it has not given up oil and gas exploration rights in Egypt: Edison, the Italian oil company that is part of France’s EDF, has denied reports in the domestic press (as noted yesterday) that it has forfeited its right to explore for natural gas in the northeastern Hapi and Theqa concessions. “Edison […]

No Comments read more
Edison

Edison relinquishes its gas exploration rights in two Mediterranean concessions

Posted: December 19, 2018 at 1:57 pm   /   Oil & Gas

Italy’s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa, local news reported. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. Edison signed a USD 86 mn agreement with EGAS in January 2017 for E&P […]

No Comments read more
Edison

Edison, Qalaa Holdings scrap plan for 150 MW Abu Qir power plant

Posted: September 25, 2018 at 2:58 pm   /   Electricity & Power

Edison and Qalaa Holdings have decided to scrap their plan to build a $150 million combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 […]

No Comments read more
Edison

Edison to drill at its Mediterranean concessions in 2H2019

Posted: July 29, 2018 at 12:39 pm   /   Oil & Gas

Edison to begin drilling exploratory wells in Mediterranean concessions in 2H2019 Italy’s Edison will begin drilling exploratory wells at its North East Hapy and Thekah concessions in 2H2019, Oil Minister Tarek El Molla said. The company’s studies of the concessions show geological structures that indicate there is a “good chance” the areas hold natural gas […]

No Comments read more

Italy’s Edison to sell its oil & gas division

Posted: April 7, 2018 at 3:03 pm   /   Oil & Gas

Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, Reuters reports. Edison’s assets in Egypt — including the Abu Qir concession — are among the “most attractive parts” of the company’s oil and gas portfolio, sources tell the newswire. “The company has […]

No Comments read more

Abu Qir production rose to 66 bcf of natural gas, 1.2m barrels of crude oil

Posted: October 24, 2017 at 2:14 pm   /   Oil & Gas

The total gas production of Abu Qir Petroleum Company rose to 66 billion cubic feet during the 2016/2017 fiscal year, Petroleum Minister Tarek el Molla said Monday. The company’s output of crude oil and its derivatives also rose to 1.2 million barrels, the minister said. Abu Qir Company is a joint venture between the Egyptian […]

No Comments read more

Edison delays deep-water drilling campaign in Egypt as it seeks partner

Posted: September 20, 2017 at 1:08 pm   /   Oil & Gas

Edison stalls on Egypt deep-water wells: Italian operator delays drilling of probes on two separate blocks where it has been hunting a partner. Italy’s Edison has put off a deep-water drilling campaign off Egypt by about a year. The company was planning to drill two wells on its wholly-owned North Thekah and North Port Fouad […]

No Comments read more
Qalaa

Qalaa, Edison postpone government negotiations to build €100 million Abu Qir power plant

Posted: June 20, 2017 at 8:04 pm   /   Electricity & Power

Qalaa Holdings and Italy’s Edison postponed negotiations with the Electricity Ministry to build a EUR 100 mn power plant in Abu Qir, until the ministry announces new electricity prices in July, Al Borsa reports. The plant, which is expected to produce 180 MW, is co-financed by both companies. Electricity from the project would be sold […]

No Comments read more