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Tag: Mediterranean

Infographic: Eastern Mediterranean pipelines (ABO.net)

Posted: May 24, 2016 at 1:06 pm   /   Oil & Gas

The existing pipelines, mostly concentrated in Egypt, Israel, Jordan and Lebanon and those still under construction bring gas to Europe. (Source: ABO.net)

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Egypt's gas projects to increase daily production to 5.5-6 bcf by end of 2019

Posted: May 23, 2016 at 1:59 pm   /   Oil & Gas

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 bln cubic ft per day. Once an energy exporter, Egypt has turned into a net importer because of declining oil […]

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Egypt, Israel reported to be nearing compromise on natural gas dispute

Posted: May 19, 2016 at 1:55 pm   /   Oil & Gas

Egypt and Israel are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the […]

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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Eni's production reaches 65,000 boed with Nooros field just 10 months after discovery

Posted: May 11, 2016 at 9:01 pm   /   Oil & Gas

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field,  to around 65,000 barrels of oil equivalent per day. This new milestone is achieved in just 10 months of discovery. Eni, following the start of production of the […]

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Eni's Chief Exploration Officer: New wells tested in the Noras field

Posted: May 10, 2016 at 7:11 pm   /   Oil & Gas

Data from west of Abo Madi revealed that there may be a presence of gas in the area. The Italian company Eni has carried out two exploration expeditions of natural gas in 2015. The explorations were conducted in the Noras field in the shallow waters of the Nile Delta, and the Zohr field in the […]

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Edison's Executive VP: Egypt has 16th largest gas reserves

Posted: May 10, 2016 at 7:03 pm   /   Oil & Gas

Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Nicola Monti, Executive Vice President – Exploration & Production, Edison. Egypt has the 16th largest gas reserves and is the 15th largest producer of […]

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Eni to increase Zohr field gas production to 2 billion cubic feet per day by end of 2019

Posted: May 10, 2016 at 12:18 pm   /   Oil & Gas

From 2037, gas production will gradually decline down to 1 billion feet per day. The Italian company Eni has started to gradually link the extracted gas from Zohr field to the national grid in order for production to reach 1bn cubic feet of gas daily by 2018, which will then be doubled to 2bn by […]

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Infographic: The Mediterranean gas hub (ABO Oil Magazine)

Posted: May 7, 2016 at 12:16 pm   /   Oil & Gas

The eastern Mediterranean could become a new gas hub. The potential of recent gas discoveries in the area is truly significant and could rewrite both the political and energy future of the entire region. Europe is also watching the development of these gas fields with interest: the need for gas imports to Europe in 2030 […]

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A wealth under the sea (ABO Oil Magazine)

Posted: May 7, 2016 at 12:14 pm   /   Oil & Gas

By Luca Bertelli, Chief Exploration Officer – Eni The Levantine Basin, in the eastern Mediterranean, covers the territorial waters of various countries (Egypt, Israel, Lebanon, Cyprus, and Syria) and an area of approximately 80,000 km2. From a geological point of view, the basin borders to the South with the wide sedimentary Nile Cone, to the […]

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