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Tag: Eni
Fenosa

Egypt in talks with Union Fenosa Gas over Damietta LNG arbitration claim

Posted: January 13, 2019 at 2:10 pm   /   Oil & Gas

Egypt is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) in a bid to have the European outfit drop its arbitration claim over gas supply interruptions at the Damietta liquefaction plant, an industry source tells the domestic press. The World Bank’s International Centre for Settlement of Investment Disputes ordered in September that Egypt pay […]

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Saipem

Saipem lands $1.2 billion Zohr EPCI contract from Petrobel

Posted: December 20, 2018 at 6:18 pm   /   Oil & Gas

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for EPCI activities in relation to the “Ramp Up to Plateau” phase of the ‘supergiant’ Zohr field development project in the Mediterranean Sea off Egypt. The current addendum to the work includes the installation of a second 30-inch diameter gas export […]

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egypt-offshore-eni-blocks-sep18

BP buys 25% stake in Eni’s Nour concession offshore Egypt

Posted: December 10, 2018 at 2:01 pm   /   Oil & Gas

BP buys 25% stake in Eni’s Nour concession: BP has acquired a 25% stake in the Nour concession from Eni, according to a statement from Eni. Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. The “transaction is part of a wider business alignment with BP internationally and further strengthens the […]

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Saipem 10000

Eni to drill tenth well in Egypt’s Zohr natural gas field next January

Posted: December 3, 2018 at 12:34 pm   /   Oil & Gas

Italy’s Eni will begin drilling its tenth well in the Zohr gas field in January 2019 at a cost of USD 300 million. The addition of the tenth well is expected to boost output production by 200 mmcf/d, and is predicted to take two months to complete. Production from the tenth well remains dependent on […]

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Eni

Eni completes drilling ninth well at Zohr gas field

Posted: November 21, 2018 at 2:14 pm   /   Oil & Gas

Italy’s Eni has completed drilling work on Zohr’s ninth deepwater well at a cost of USD 300 million, according to an industry source. Early tests put initial production levels at 150 mcf/d. The well was closed after the company finished drilling due lack of capacity at the treatment plant, but will enter production by the […]

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Eni Mubadala

Eni sells 20% stake in Noor offshore concession to Mubadala Petroleum

Posted: November 13, 2018 at 4:43 pm   /   Oil & Gas

Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt. Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession. The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the […]

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Zohr Plant

Eni estimates investment in Zohr gas processing plant at $5 billion

Posted: November 3, 2018 at 1:47 pm   /   Oil & Gas

Italian Eni has estimated the cost of implementing the Zohr gas treatment plant to be $5bn, with a capacity of 3.2bn cubic feet of gas daily, in order to connect the production of the project that is estimated to be 2.9bn cubic feet. A source at the oil sector told Daily News Egypt that implementing […]

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Zohr

Eni sets new Zohr production target of 3.2 bcf/d by end of 2019

Posted: October 28, 2018 at 3:06 pm   /   Oil & Gas

In a conference call with analysts, Eni’s finance chief Massimo Mondazzi said that the company is ramping up production at its Zohr field offshore Egypt, where it is now targeting 3.2 billion cubic feet (bcf) of gas per day by the end of 2019 from a previous 2.7 bcf. The company has one of the strongest […]

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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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