Eni reportedly considering to spin-off West Africa, Middle East assets
Spinning off operations into new joint ventures could help reduce debt and give capital for funding energy transition plans. Italian energy company Eni is reportedly mulling the separation of its oil and gas businesses in West Africa and the Middle East in a move to cut down its debt. The company will look to spin […]
Eni closes deal with its partners for the restart of Damietta LNG plant
Eni closes agreement with partners for restart of Damietta liquefied natural gas plant in Egypt and amicable settlement of Union Fenosa Gas disputes. Eni announced today that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) […]
New ownership agreement for Damietta LNG plant to be signed next month
Dispute that put Damietta LNG in a coma to end next month: It seems possible that the plant will be making regular scheduled shipments starting from next month, as a final agreement to establish a new ownership structure for the Damietta LNG plant is due to be finalized on 15 March, Oil Ministry spokesperson Hamdy […]
Damietta LNG plant restarts production, first cargo lifted – Eni
The first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012. Such event represents an important milestone in the process to complete the agreement reached on December 1st 2020 aimed at settling all […]
Eni scales back Egypt daily oil & gas production after demand shock
Eni’s daily production of oil and gas from its Egypt-based assets fell 18% in 2020, as global energy markets reckoned with one of the biggest demand shocks in history thanks to the pandemic. Figures in the company’s full-year earnings statement show that oil and gas production slumped to 291k barrels of oil equivalent per day […]
Damietta LNG plant to restart with first cargo in February – S&P Global Platts
Egyptian LNG exports remain strong as Damietta LNG prepares to restart Seven cargoes shipped from Idku so far in January 17 LNG cargoes shipped in Q4 as prices rose Damietta LNG seen loading first cargo on Feb 14 Egyptian LNG exports from the Shell-operated Idku plant — for now the country’s only operational LNG facility […]
Eni announces new oil discovery and production in Egypt’s Western Desert
New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per day to the current Concession production. Eni announces a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia […]
Eni reaches agreement with partners for restart of LNG plant in Damietta, Egypt
Eni reaches an agreement with its partners for the restart of the liquefied natural gas plant in Damietta, Egypt and for the amicable settlement of disputes related to Union Fenosa Gas Today’s agreements, which are in line with the ones finalized last February and take into account the evolution of the energy scenario, allow to […]
Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco
Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]
President Sisi urges Italy’s Eni to expand its Egypt exploration activities
Egypt’s president Abdel Fattah El-Sisi met with a delegation from the oil company Eni in Cairo on Monday, 12 October 2020. The president has ordered the petroleum ministry to promote cooperation with the Italian oil company and overcome any obstacles in this regard. Egypt’s President Abdel-Fattah El-Sisi has expressed hope for the expansion of activities […]
