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Tag: Eni
Eni Bashrush

Eni makes new gas discovery in Mediterranean Sea offshore Egypt

Posted: July 1, 2020 at 2:54 pm   /   Oil & Gas

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called “Great Nooros Area”. Eni (as […]

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Eni-CEO

Eni in major overhaul as it shifts toward renewable energy

Posted: June 9, 2020 at 11:55 am   /   Oil & Gas, Renewables

The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “Energy Evolution”. Eni’s current head of upstream Alessandro Puliti will lead “Natural Resources” while the company’s Chief Financial officer Massimo Mondazzi will take over as […]

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Damietta LNG

Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down

Posted: April 26, 2020 at 3:07 pm   /   Oil & Gas

The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government. Why does this matter? First, the dispute was closely followed by investors […]

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Eni HPC5

Eni’s HPC5 supercomputer mobilized for Italian COVID-19 response

Posted: April 15, 2020 at 2:42 pm   /   Oil & Gas

Eni has made its supercomputing infrastructure and molecular modeling capability available for coronavirus research. The collaboration is part of the European EXSCALATE4CoV project, led by biopharmaceutical company Dompé, under which institutions and research centers in Italy and other countries in Europe collaborate to identify the safest and most promising drugs for treating the coronavirus. Eni […]

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Eni

Eni to cut capex by 25% this year to temper the impact of coronavirus

Posted: March 26, 2020 at 1:51 pm   /   Oil & Gas

Italian energy group Eni will cut its capital spending by a quarter this year, and more next, as it moves to mitigate the impact from falling commodity prices because of the coronavirus emergency. In a statement on Wednesday, the state-controlled energy major said it would cut its planned capex by about 2 billion euros ($2.2 […]

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Eni

Eni is seeking to export Zohr gas through Damietta LNG plant in 2020

Posted: March 8, 2020 at 1:08 pm   /   Oil & Gas

Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year. A source in the petroleum sector told Daily News Egypt that the Italian company has increased its stake in the Damietta liquefaction plant to 50% from 26%, after it […]

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Naturgy

Spain’s Naturgy reaches agreement to exit Union Fenosa Gas JV with Eni

Posted: March 1, 2020 at 9:07 pm   /   Oil & Gas

Spain’s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy’s Eni and Spain’s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from Naturgy and Eni. The agreement […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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offshore

Egypt’s Zohr natural gas production to reach 3 bcf/d in March

Posted: February 24, 2020 at 2:46 pm   /   Oil & Gas

Total output at the offshore field reached 2.7 bcf/d in November 2019: The Egyptian Ministry of Petroleum announced that the total number of wells that have been put into production at Zohr field reached 14 after Petro Shorouk has recently put four wells into production at the Southern area. With the 15th well being linked […]

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Gastec-Eni

El Molla inaugurates first integrated fuel, charging station in Port Said

Posted: January 27, 2020 at 2:17 pm   /   Oil & Gas

Petroleum Minister Tarek al Molla and Sports and Youth Minister Ashraf Sobhy inaugurated on Sunday an integrated station to fuel cars with natural gas and liquefied petroleum gas and charge them with electricity in Port Said governorate.  The new station, which is first of its kind in Egypt, is established with a joint Egyptian-Italian investment, […]

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