Energean, DEPA agreement paves way for the operation of EastMed pipeline
LοI for the Sale & Purchase of 2 BCM per annum: Energean and the Public Gas Corporation of Greece (“DEPA”) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for […]
Energean Oil and Gas makes pledge to net zero emissions by 2050
Energean first London listed E&P company to commit to the UN’s Global Compact campaign – “Business Ambition for 1.5°C: Our Only Future”; pledges to net zero emissions by 2050. Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that it is supporting and is committed to […]
Energean signs Gas Sales and Purchase Agreement with MRC
GSPA signed with MRC: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that Energean Israel and MRC Alon Tavor Ltd. (“MRC”) have signed a Gas Sales and Purchase Agreement (“GSPA”) for the sale of approximately 0.5 Bcm/yr, or up to 8 Bcm over the term […]
Energean CEO statement at the East Mediterranean Gas Forum (EMGF)
Mathios Rigas, Energean CEO, attended the East Mediterranean Gas Forum (EMGF), which took place today in Cairo. The Ministry of Petroleum invited companies from Greece, Italy, Israel and Cyprus to attend the meeting, and Energean’s CEO gave the following statement at the forum: “The establishment of the Gas Industry Advisory Committee is a crucial development […]
Energean announces successful appraisal of Karish North discovery
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the successful appraisal of the Karish North Discovery, confirming best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate2 (combined c.190 mmboe) significantly enhancing Energean’s discovered resource volumes across […]
Eni acquires 70% of Edison’s stake in NE Ha’py offshore gas concession
Eni has acquired 70% of Edison’s stake in Block 12 of its Northeast Ha’py natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. The source did not disclose further details on the sale of the block, which Edison won in a 2015 bid round. The acquisition comes as […]
Neptune acquires Edison’s North Sea assets from Energean in $250m deal
UK operator inks conditional deal worth up to $280m for non-core E&P holdings with Energean. Energean to hive off Italian group’s Norwegian and UK projects once its purchase completed. Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for […]
Energean announces the acquisition of Edison E&P for up to $850 million
Acquisition of Edison E&P and $265 MM Equity Placing.Proposed Acquisition of Edison E&P and Placing of New Ordinary Shares to raise up to US$265 million. Highlights Acquisition of Edison E&P for US$750 million initial consideration and US$100 million contingent consideration Creates one of the largest independent E&P companies on the London and the Tel Aviv Stock […]
Energean submits final offer for Edison’s Oil & Gas assets
Greece’s Energean Bids for EDF Oil & Gas Assets. EDF has been seeking a sale to focus on nuclear projects. Some other potential suitors have dropped out of bidding. Energean Oil & Gas Plc, the Greek energy producer that sold shares in London last year, is bidding for the oil and gas business of Electricite […]
Energean Oil & Gas appoints Iman Hill as Chief Operating Officer
Energean Oil & Gas PLC said on Tuesday it has appointed Iman Hill as chief operating officer with effect November 1. Hill is currently technical director and president Egypt for Dana Gas PJSC since 2015. Prior to this she, was part of Sasol Petroleum International for three years from 2012 to 2015, leaving as vice […]
