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Tag: Mediterranean

Eni reportedly to sell 20% Zohr stake to Lukoil

Posted: April 2, 2016 at 3:38 pm   /   Oil & Gas

Italian energy company Eni reportedly will sell 20 percent of the Zohr gas field, the largest gas discovery in the Mediterranean and made by Eni last year, to Russian Lukoil, industry sources say. The works are coming along quickly and at the end of February they received the extraction authorisation. The extraction is planned to […]

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Egyptian Oil Ministry refutes reports on BG suspending development projects

Posted: March 24, 2016 at 2:31 pm   /   Oil & Gas

BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited an official at the Egyptian General Petroleum Corp (EGPC), the company couldn’t reach a deal with the Egyptian government on […]

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Video: Clean Sea, an underwater robot to serve the sea (Eni)

Posted: March 15, 2016 at 10:00 am   /   Oil & Gas

From research laboratories to industrial application in the Mediterranean and West Africa:  Clean Sea, will be used for the first time for marine environmental monitoring and offshore asset inspection (“asset integrity”) in the Mediterranean region and West Africa. Eni will establish two logistics bases, one in Angola and the other in Sicily with a dedicated […]

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Eni’s Clean Sea to Survey Mediterranean and West Africa

Posted: March 7, 2016 at 8:04 pm   /   Oil & Gas

Clean Sea, proprietary technology designed by Eni’s research laboratories, will be used for the first time for marine environmental monitoring and offshore asset inspection in the Mediterranean region and West Africa. Clean Sea is the result of one of Eni’s most recent R&D projects, focusing on environmental characterization and protection. According to the company, this […]

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EGAS to hold international tender for 11 oil and gas blocks

Posted: January 18, 2016 at 2:57 pm   /   Oil & Gas

Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile Delta during the second half of fiscal year 2015-2016, Khaled Abdel Badie, head of state-owned EGAS said in a statement on Sunday. Egypt, which used to be a net energy exporter, has turned into a […]

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Edison completes seismic mapping of its Mediterranean deep water concession

Posted: January 15, 2016 at 8:48 pm   /   Oil & Gas

Edison has completed the seismic mapping for its concession adjacent to Eni’s supergiant Zohr field, according to an Oil Ministry senior official. The source expects a major discovery in this specific area and an increased number of new discoveries in the Mediterranean in general. The source added that the Zohr field recently discovered by Italian […]

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The Saipem 10000 drillship arrives at Zohr-2 well location

Posted: December 31, 2015 at 3:02 pm   /   Oil & Gas

The giant drilling vessel Saipem 10000 arrived at the site of Zohr-2 well to start drilling operations, announced Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources. Eng. El-Molla made his announcement as he chaired Petrobel’s General Assembly Meeting. The Saipem 10000 is a 5th generation ultra deepwater drillship, designed and built by Samsung Heavy […]

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Maridive to conduct offshore exploration in the Mediterranean

Posted: December 30, 2015 at 2:33 pm   /   Oil & Gas

Egyptian company Maridive & Oil Services S.A.E. has developed a strategy that targets natural gas exploration in Egyptian territorial waters, including the Mediterranean, according to a company source, who requested anonymity. This comes after the government halted several agreements with a number of international companies following the Zohr discovery, the largest natural gas field found […]

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Bechtel discusses possibilities of participation in energy projects

Posted: December 15, 2015 at 9:02 pm   /   Oil & Gas

The Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla discussed with David Welch, Bechtel’s Senior Vice President and President of the Europe, Africa and Middle East Region, current and future projects in the oil, gas and petrochemicals sectors. Discussions covered the possibility of participation by Bechtel in the implementation of new projects and investment […]

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Cyprus, Egypt, Greece Tripartite Summit Declaration

Posted: December 9, 2015 at 6:58 pm   /   Oil & Gas

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens on Wednesday effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come. “Our 3rd Trilateral Summit underlines our well-established and continuous tripartite partnership aiming at promoting peace, stability, security and prosperity in the Eastern Mediterranean in various fields […]

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