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Tag: Edison

Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?

Posted: April 2, 2017 at 9:03 pm   /   Oil & Gas

Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]

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French Ambassador calls on France's Oil & Gas companies to take advantage of Egypt’s investment opportunities

Posted: February 16, 2017 at 10:08 pm   /   Oil & Gas

It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, said Marc Benayoun, CEO of Edison. In his speech on Tuesday at the Egypt Petroleum Show (EGYPS) currently being held in Cairo, Andre Baran, France’s ambassador to Egypt, called for French companies operating in the oil and […]

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Oil companies bullish on Egypt, eyeing more investment, discoveries

Posted: February 15, 2017 at 8:15 pm   /   Oil & Gas

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that Eni’s giant Zohr gas discovery has put its Mediterranean waters on the map. Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand […]

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Players’ healthy interest outside Egypt’s Nile Delta

Posted: February 11, 2017 at 2:44 pm   /   Oil & Gas

Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]

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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 […]

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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)

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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 […]

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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 […]

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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 […]

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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 […]

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