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Tag: Mediterranean

Delek Group responds to press releases regarding suspension of negotiations for export of Natural Gas to Egypt

Posted: December 9, 2015 at 6:49 pm   /   Oil & Gas

Reference to Press Releases regarding the Suspension of Negotiations for Export of Natural Gas to Egypt Delek Group (“the Company”) announces that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and  Delek Drilling Limited Partnerships (“the Partnerships”) concerning various reports in the media with regard to freezing the talks in […]

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GlobalData: Successful Development of Zohr in Egypt to Catalyze Further East Mediterranean Projects

Posted: December 1, 2015 at 6:37 pm   /   Oil & Gas

Eni is progressing plans to bring the giant Zohr gas field online by 2018. The company’s CEO, Claudio Descalzi, has already presented multi-billion dollar development plans to the president of Egypt Abdel Fattah Al-Sisi, who has agreed to remove any political obstacles to commercializing the field. High profile political challenges have paralyzed other regional projects, […]

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Drilling activities at Zohr field to re-start in January

Posted: November 30, 2015 at 3:31 pm   /   Oil & Gas

President el-Sisi met in Cairo Eni’s CEO Claudio Descalzi. Mr. Descalzi made an assessment on the work in-progress of the plan for the development of the Zohr field, where drilling activities will restart in January 2016. The President of the Republic of Egypt, Abdel Fattah el-Sisi, met in Cairo Eni’s Chief Executive Officer, Claudio Descalzi. […]

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Letter of Intent to Export Natural Gas from the Leviathan Project for Consumers in Egypt

Posted: November 28, 2015 at 4:08 pm   /   Oil & Gas

Delek Group announced that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and Delek Drilling Limited Partnerships (“the Partnerships”) concerning a Letter of Intent for the export of natural gas from the Leviathan Project to Egyptian consumers. Pursuant to what was stated in section 7.14.2 of the Partnerships’ Periodic Report to […]

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BG Group buys 35% stake in Aphrodite gas discovery, offshore Cyprus

Posted: November 23, 2015 at 6:29 pm   /   Oil & Gas

BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group holds equity in the two train LNG export facility at Idku as well as LNG offtake rights to lift 3.6 mtpa. […]

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“Nessun Dorma”  By Marco Alfieri (from Eniday.com)

Posted: November 7, 2015 at 8:22 pm   /   Oil & Gas

“Nessun Dorma” By Marco Alfieri on October 5, 2015 Republished from Eniday.com (an Eni.com project) under Creative Commons License (CC BY-NC-SA 3.0 IT) Like all great exploration discoveries also the Zohr discovery is full of surprises, the unexpected, intuitions, mistakes, skill, enthusiasm, and ups and downs in which the human element is as crucial as […]

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El Molla: Egypt's giant Zohr gas field aims to start output in 2017

Posted: November 6, 2015 at 3:09 pm   /   Oil & Gas

Egypt aims to start natural gas production from its massive offshore Zohr field in 2017, a year ahead of schedule, oil minister Tarek El Molla said. The Zohr gas field, discovered by Italy’s Eni, is the biggest in the Mediterranean, and with an estimated 30 trillion cubic feet of gas it is expected to plug […]

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Zohr Discovery in Egypt Offers New Hydrocarbon Potential for Eastern Mediterranean, IHS says

Posted: October 29, 2015 at 7:49 pm   /   Oil & Gas

Zohr development could lead to the end of Egyptian LNG imports The deepwater Zohr gas discovery in Egypt is of major significance to the Eastern Mediterranean region. As the largest gas find in the Mediterranean Sea, Zohr has the potential to supply much of Egypt’s increasing domestic gas demand and will likely have an impact […]

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BP to begin gas production from North Alexandria Concession in early 2017

Posted: October 26, 2015 at 7:05 pm   /   Oil & Gas

British oil major BP will begin gas production at its North Alexandria Concession in early 2017 rather than mid-2017, Egypt’s petroleum minister Tarek El Molla said at a news conference on Saturday. The offshore concession’s output will be roughly “450 million cubic feet per day in 2017 and reach 1.2 billion cubic feet per day […]

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BP to invest $229 million with Eni and Total in three offshore blocks

Posted: October 22, 2015 at 3:50 pm   /   Oil & Gas

BP Plc said it had been awarded three new offshore exploration blocks in Egypt and that it and its partners had committed to investment of $229 million. BP said it would have 100 percent equity and operate the North El Tabya block, located in deep waters north of its recent Salamat and Atoll discoveries. The […]

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