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Tag: Mediterranean
rosneft

Is Rosneft looking to build a pipeline to export gas from Zohr to Europe?

Posted: December 16, 2016 at 3:11 pm   /   Oil & Gas

There is speculation in the Russian media this week about whether Rosneft is planning a pipeline to export gas from the Zohr field to Europe. Russia’s Economy Today (Russian) quotes energy analyst Igor Yushkov from that country’s National Energy Security Fund as saying that Rosneft’s acquisition of a 30% participating interest in Eni’s Shorouk offshore […]

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zohr

Video: #theEnimodel: Hitting Zohr (Eni)

Posted: December 16, 2016 at 2:45 pm   /   Oil & Gas

We continue to evolve thanks in part to projects such as Zohr, the largest gas field in the Mediterranean Sea. Our success is driven by innovation, passion and expertise. (Source: Eni)

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Ministry: 8 new wells produce 517 MMCFD of gas in H1 2016

Posted: December 14, 2016 at 4:00 pm   /   Oil & Gas

Egyptian Oil Ministry announced Monday that eight new wells started production since the beginning of the second half of 2016. In its reports, the ministry stated that these wells, which are affiliated to different firms, added 517 million cubic feet of natural gas and 2,500 barrels of crude oil to Egypt’s national production. The new […]

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rosneft

Bloomberg: Rosneft snaps up stake in Eni’s giant Egyptian gas discovery

Posted: December 13, 2016 at 12:22 am   /   Oil & Gas

• Company buys 30% of Shorouk concession, has option for 5% more. • Russian energy producer values deal at as much as $2.8 billion. Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The […]

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rosneft

Eni sells 30% stake in Egypt's Zohr field to Rosneft

Posted: December 13, 2016 at 12:12 am   /   Oil & Gas

Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. Eni, which owns 90 percent of the Shorouk concession containing Zohr, said on Monday that Rosneft would pay […]

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rosneft-sechin

Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin

Posted: December 12, 2016 at 4:43 pm   /   Oil & Gas

Rosneft Chief Executive Igor Sechin arrived yesterday in Cairo to meet today tith Minister of Petroleum and Mineral Resources Tarek El Molla, to discuss existing and potential opportunities in Egypt’s oil and gas exploration. The board of Russia’s Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore […]

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rosneft

Russia's Rosneft considers buying 35% stake in Eni's Egyptian Zohr field

Posted: December 6, 2016 at 3:22 pm   /   Oil & Gas

Board to consider buying 35 percent stake in Eni’s project in Egypt. Russian oil firm Rosneft said it was interested in an offshore concession in Egypt. Rosneft said in a separate statement that its board plans to discuss buying a stake of up to 35 percent in Egypt’s offshore Shorouk concession, on Wednesday. It did […]

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shell

Prime Minister and Petroleum Minister meet with Shell’s Executive VP Sami Iskander

Posted: December 6, 2016 at 2:21 pm   /   Oil & Gas

Prime Minister Sherif Ismail and Petroleum Minister Tarek El Molla met with senior Shell executive Sami Iskander on Monday to discuss existing and potential opportunities in oil and gas exploration in Egypt. Iskander, formerly chief operating officer of BG, is now executive vice president at Shell responsible for joint ventures. Discussions covered Shell’s exploration and […]

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Eni

Eni aims to quickly reduce its Zohr stake to 50 percent

Posted: November 29, 2016 at 12:10 pm   /   Oil & Gas

Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said on Monday. The company, which owns the whole concession that includes Zohr, already agreed to sell a 10 percent stake to BP for $375 million last week. In addition, BP […]

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BP builds position in one of Egypt's biggest gas fields

Posted: November 29, 2016 at 12:04 pm   /   Oil & Gas

BP buys into what one company said could be one of the largest gas fields in the world. British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field. Subject to approval from the Egyptian government, BP said […]

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