Newsletter subscribe
Tag: Edison

Italy's Edison signs agreement for North East Hapy offshore block with $86m investment

Posted: January 6, 2017 at 12:03 pm   /   Oil & Gas

Egyptian Natural Gas Holding Company (EGAS) signed a new oil agreement with Italy’s Edison to explore and produce oil and natural gas in North East Hapy area in the Mediterranean Sea. The investments of the agreement are estimated at more than US$86 million and a signature bonus of US$1.5 million , to drill two exploration […]

No Comments read more

Geofizyka Torun awarded 2D and 3D seismic data acquisition in Egypt for Edison

Posted: December 2, 2016 at 1:34 pm   /   Oil & Gas

Geofizyka Torun S.A. has been awarded a contract for 2D and 3D seismic data acquisition in Egypt for Edison. (Geofizyka Torun S.A. Press Release)

No Comments read more

Edison begins drilling three wells in Idku, Abu Qir, North West El Gindi by January

Posted: October 4, 2016 at 2:08 pm   /   Oil & Gas

Italian energy firm Edison will begin drilling three at its concessions in Idku, Abu Qir, and North West El Gindi, head of business development Tarek Shalaby told Al Borsa. He also added that Edison and Qalaa Holdings are currently in negotiations with the oil and electricity ministries to build a 180 MW power plant in […]

No Comments read more
exxonmobil

ExxonMobil joins list of companies reportedly interested in Zohr field stake

Posted: August 14, 2016 at 2:23 pm   /   Oil & Gas

ExxonMobil has reportedly joined Lukoil, Total, Edison, and BP on the list of IOCs negotiating with Eni to acquire at least 20% of its stake in the Zohr field, sources tell Reuters. ExxonMobil does not have upstream concessions in Egypt, but has recently landed bordering acreage in Cyprus, the news wire reports. Eni is trying […]

No Comments read more

Egyptian Government approves five oil & gas exploration agreements

Posted: August 11, 2016 at 4:02 am   /   Oil & Gas

Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek El Molla said on Wednesday. Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries to […]

No Comments read more

BP, Edison & Total reportedly interested in Zohr stake

Posted: August 4, 2016 at 2:13 pm   /   Oil & Gas

BP, Edison and Total have reportedly expressed interest in acquiring a stake in Eni’s Zohr field, sources told Al Mal. The three companies are seeking technical information about the field and some have already begun negotiations with Eni, the source added. Eni could be looking to sell around a 40% stake in the field for […]

No Comments read more
lng

Interfax: All quiet on Egypt’s LNG export front until after 2020

Posted: July 17, 2016 at 8:17 pm   /   Oil & Gas

Industry sources from inside and outside Egypt are confident the country can resume exporting LNG by the end of the decade. However, they have warned that the number of cargoes shipped from Idku will not rise out of single digits per year before then. A source from Egypt’s Ministry of Energy, who wished to remain […]

No Comments read more

Edison's Executive VP: Egypt has 16th largest gas reserves

Posted: May 10, 2016 at 7:03 pm   /   Oil & Gas

Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Nicola Monti, Executive Vice President – Exploration & Production, Edison. Egypt has the 16th largest gas reserves and is the 15th largest producer of […]

No Comments read more

Edison and EGPC ink deal to develop second phase of Abu Qir gas field

Posted: April 25, 2016 at 7:57 pm   /   Oil & Gas

Egypt’s General Petroleum Corporation signed an agreement with Electricité de France (EDF Group), owner of Italy’s Edison Company, to develop the second phase of Abu Qir Gas Project. The signing of the $220 million worth agreement was attended by Tarek al Molla, Minister of Petroleum and Mineral Resources in Cairo on Saturday. The deal involves […]

No Comments read more

Heads of International Oil Companies’ view at the 8th Mediterranean Offshore Conference (MOC 2016)

Posted: April 22, 2016 at 4:59 pm   /   Oil & Gas

Eng. Hisham Mekkawy, BP Regional President of North Africa reviewed the company’s experience in Egypt, pointing out that BP is proud of its long history of partnership with Egypt, which extends for more than 50 years. As BP is the largest foreign investor in Egypt, and Egypt is one of the largest countries of BP’s […]

No Comments read more