Newsletter subscribe
Tag: Edison
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

Ministry of Petroleum discusses Joint Cooperation Agreement with Italian Edison

Posted: April 7, 2016 at 1:40 pm   /   Oil & Gas

The Minister of Petroleum & Mineral Resources, Eng.Tarek El Molla, has received Mr. Marc Benayoun, Chief Executive of Edison International Group and President of the Board of Directors, where they discussed boosting bilateral relations and investment opportunities along with reviewing the executive status of the projects carried out by Edison company, currently, in Egypt. The […]

No Comments read more

Video: How Vega Oil Offshore Platform Works (Edison)

Posted: March 29, 2016 at 10:00 am   /   Oil & Gas

Vega oil field is located in the Sicilian Channel, 20 km south of Pozzallo (Italy). In production since 1987, Vega platform was developed with 24 wells, and located in 130 metres of water. The platform can process 60,000 barrels of oil per day. Close to Vega platform there’s a floating storage and offloading tanker (Leonis) […]

No Comments read more

Edison could announce a Zohr-sized gas discovery soon – EGAS official

Posted: February 16, 2016 at 2:06 pm   /   Oil & Gas

Italian E&P company Edison could be soon announcing a gas discovery similar in size to the Zohr discovery, according to an EGAS official, and that the results of seismic mapping of its North Port Fouad concession, adjacent to Eni’s Shorouk concession, will be announced in the second half of 2016. According to the source, who […]

No Comments read more