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Tag: Eni
Damietta

Eni, Naturgy in advanced talks over re-opening Damietta LNG facility in Egypt

Posted: October 28, 2018 at 3:00 pm   /   Oil & Gas

Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019: Italy’s Eni and its Spanish partner Naturgy are in “advanced talks” to re-launch operations at their Damietta LNG facility in 2019, Eni’s CFO Massimo Mondazzi said on Friday, according to Reuters. The World Bank’s International Centre for Settlement of Investment Disputes had ordered Egypt […]

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BP

BP looking to grow in Egypt, will not increase stake in Zohr field

Posted: October 28, 2018 at 2:51 pm   /   Oil & Gas

BP CEO Bob Dudley told Reuters on Thursday that BP was looking to grow in Egypt where it is developing the West Nile Delta project. BP had pledged USD 2 billion in new investments in 2019. That said, BP will not raise its stake in Zohr for “capital employment reasons,” Dudley said. The option for […]

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Zohr Ramp Up

Eni starts drilling two new wells at Zohr natural gas field

Posted: October 23, 2018 at 12:47 pm   /   Oil & Gas

Italy’s Eni started drilling two additional wells at the offshore Zohr natural gas field as it prepares to raise output to its 2.7 bcf/d plateau next year, an unnamed source from EGAS tells Al Shorouk. The addition brings the total number of wells in the project to 13. Sources said that work on them should […]

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Lukoil

Lukoil’s CEO hopes for prompt extraction at Meleiha Block in Egypt

Posted: October 21, 2018 at 2:20 pm   /   Oil & Gas

Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which the company is developing jointly with Italy’s Eni and Japan’s Mitsui, will start as soon as the talks with the Egyptian government are finished, LUKoil CEO Vagit Alekperov said on Friday. Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which […]

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Faramid

EGAS agrees to purchase gas from Eni’s Faramid at $2.6/MMBtu

Posted: October 18, 2018 at 12:42 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of […]

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Zohr

Zohr gas production expected to reach 2.7 bcf/d target by July 2019

Posted: September 26, 2018 at 6:42 pm   /   Oil & Gas

The Oil Ministry and Italy’s Eni agreed to expedite their timeline for the development of the Zohr gas field, aiming to bring the field’s production to 2.7 bcf/d by July 2019, rather than end-2019, a source from the Egyptian Natural Gas Holding Company told the local press. Production had broken the 2 bcf/d mark in […]

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egypt-offshore-eni-blocks-sep18

Eni, Tharwa to drill first exploratory well at offshore Noor field

Posted: September 20, 2018 at 1:36 pm   /   Oil & Gas

Italy’s Eni and Egypt’s Tharwa company will drill the first exploratory oil well in Northern Sinai’s offshore Noor field next week, an official at Egypt’s gas company EGAS said on Thursday. Egypt’s cabinet approved in March an agreement to explore the North Sinai region of the Mediterranean Sea. Under the deal, Eni and Tharwa will […]

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eni station

Eni, Gastec sign agreement for fuel stations in Egypt

Posted: September 18, 2018 at 1:16 pm   /   Oil & Gas

Gastec Corporation and Italian oil and gas company Eni signed an agreement to establish auto service and gas and natural gas fuel stations in various areas across the country, particularly in Upper Egypt, to serve owners of natural gas-operated vehicles. A statement released by the Ministry of Petroleum on Monday said the ministry seeks to […]

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Zohr

Zohr field boosts Egypt’s natural gas production six-fold

Posted: September 15, 2018 at 8:11 pm   /   Oil & Gas

The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday. Production at Zohr in the Mediterranean has increased to 2 billion cubic feet per day (bcfd) from 350 million bcfd when it began commercial production in January […]

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SEGAS LNG

Union Fenosa Gas reportedly in talks to resume Egypt LNG exports

Posted: September 13, 2018 at 1:29 pm   /   Oil & Gas

Union Fenosa Gas (UFG) is reportedly in talks to restart the Damietta liquefied natural gas (LNG) export plant in Egypt following the $2.01 billion arbitration award last week. To remind, a World Bank arbitration body ordered Egypt to pay the award to UFG because of a lack of gas supply to the Damietta plant, in which the […]

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