Energean FPSO crossing marks ‘first-of-its-kind’ in Suez Canal history
Crossing of Energean Power FPSO marks ‘first-of-its-kind in history of Suez Canal’ Offshore Energy reported in early May that the Energean Power FPSO had left Sembcorp Marine’s Admiralty Yard in Singapore, heading to Israel. With this milestone achieved, Energean remained on track to deliver the first gas from the Karish project in 3Q 2022. In a social media update on […]
Energean to increase natgas production through new Mediterranean wells
Energean expects to increase natgas production through new Mediterranean wells: The Greek energy firm sees new discoveries in its North Idku and North Amriya concessions adding 150 mn cubic feet of gas per day, according to a cabinet statement. The news came as Energean CEO Mathios Rigas discussed the company’s recent exploration activities in Egypt with Oil Minister Tarek El […]
Energean signs Amendment Agreement for Egypt’s North Idku Concession
Amendment agreement of North Idku concession, issued by Law No. 143 of the year 2021 Energean Egypt Limited and Egyptian General Petroleum Corporation after the consent of his excellency minister of petroleum and mineral resources Eng. Tarel El Molla, signed the second amendment of the concession agreement for petroleum exploration and exploitation in North Idku […]
Energean plc announces its 2020 Financial and Operating Results
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce its audited full-year results for the year ended 31 December 2020 (“FY 2020”). Despite the challenges of 2020, Energean was able to report extraordinary achievements that are going to reinforce the company’s position and open new expansion […]
Abu Qir AQP extends partnership with GoClean, now recycles 100% of paper, plastic waste
Abu Qir Petroleum extends its collaboration with GoClean, and now recycles 100% of paper, cartons and plastic both onshore and offshore. Abu Qir Petroleum (AQP) Chairman Eng. Abd Elmoez Lila and Energean AQP MD Eng. Aldo Costantini are proud to enhance the current company recycling capacity as an effective plan to help the environment. More […]
Energean, EGPC JV partners award NEA/NI iEPCI contract to TechnipFMC
Energean plc, the gas producer focused on the Mediterranean, announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, has signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt. The contract covers the Engineering, Procurement, Construction, and Installation of four subsea wells as well […]
TechnipFMC awarded Egypt Subsea Tieback Contract by Energean
Having taken the final investment decision on the North El Amirya and North Idku (NEA/NI) concession tieback project offshore Egypt, Energean plc reported Thursday that it has awarded the project’s engineering, procurement, installation and commissioning (EPIC) contract to TechnipFMC. Two discovered and appraised gas fields – Yazzi and Python – are located in the NEA […]
Energean announces North El Amriya, North Idku Final Investment Decision
Energean plc announce that Final Investment Decision has been taken on the North El Amriya and North Idkunea (“NEA/NI”) concession subsea tieback project in offshore Egypt. The NEA concession contains two discovered and appraised gas fields (Yazzi and Python) while the NI concession contains four discovered gas fields, one of which is readied for development. […]
Energean announces completion of Edison E&P acquisition
Energean plc announced that it has completed its acquisition of Edison Exploration & Production S.p.A. (“Edison E&P“) from Edison S.p.A. (“Edison“). The gross consideration* for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired) is 203 million. The enlarged group […]
Energean’s H1 2020 results: Strong performance with 52.1 kboed production
Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]
