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Tag: Eni

Egypt and Cyprus are committed to maintaining energy ties

Posted: October 1, 2015 at 6:50 pm   /   Oil & Gas

Egypt’s President Abdel Fattah el-Sisi met Cyprus President Nicos Anastasiades in New York on Monday. The two leaders discussed regional cooperation on the sidelines of the UN General Assembly. Energy was an important item on the agenda following ENI’s huge discovery in Egypt’s Exclusive Economic Zone. Earlier this month, the Italian company announced it had […]

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Petroceltic set to drill close to Eni's Zohr discovery

Posted: September 22, 2015 at 2:40 pm   /   Oil & Gas

Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to the recent giant Zohr gas discovery by Eni off the coast of Egypt. The find has also widened interest in Petroceltic, which holds two licences, one awarded in 2013 and the other late last year, around […]

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Eni open to selling stake in supergiant Zohr gas discovery

Posted: August 31, 2015 at 10:16 pm   /   Oil & Gas

Italy’s Eni is open to selling a stake in its “supergiant” Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends. Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an […]

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Eni discovers supergiant gas field offshore Egypt, the largest ever found in the Mediterranean Sea

Posted: August 30, 2015 at 9:08 pm   /   Oil & Gas

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold  a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas discovery ever made in Egypt and in […]

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Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March

Posted: July 24, 2015 at 7:12 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheikh. The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni’s CEO, Claudio Descalzi, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, and the Italian […]

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Eni: important gas discovery in the Egyptian Nile Delta

Posted: July 20, 2015 at 7:41 pm   /   Oil & Gas

This discovery is the result of the new Eni’s strategy to re-focus its activity on near field and incremental exploration opportunities with high potential value, which allow in case of success their quick exploitation through the already existing and synergic nearby infrastructures. Eni has made an important gas discovery in the Nooros exploration prospect, located […]

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Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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Egypt signs exploration deal with Italy's Eni worth $2 billion

Posted: June 2, 2015 at 2:14 pm   /   Oil & Gas

Egypt’s Petroleum Ministry said on Monday it had signed an energy exploration deal with Italy’s Eni worth $2 billion following an MOU signed in March during the Egyptian Economic Development Conference (EEDC). The deal paves the way for the modification of some previous deals between the ministry and Eni that include gas price adjustments, the […]

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Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks

Posted: May 27, 2015 at 10:43 pm   /   Oil & Gas

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic energy production. The bidding period now runs to July 30 and will include 12 offshore concessions instead of eight, the […]

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Eni reports record level of oil production in the Western Desert

Posted: April 21, 2015 at 8:30 pm   /   Oil & Gas

In just three years, the company has doubled production in the Western Desert, reaching 70 thousand barrels of oil per day. Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such […]

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