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Tag: Mediterranean

The Mediterranean Surprise (ABO.net)

Posted: April 8, 2016 at 8:32 pm   /   Oil & Gas

The cradle of civilization, this corner of the world has always been characterized by strong contrasts. Now, thanks to energy, it could become a new focal point of development and unexpected opportunities. The Eastern Mediterranean was the cradle of 3 great religions, bureaucracies and market institutions.  Alexander the Great was born there, the region was […]

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Seeking Alpha: Egypt's 2 Super-Massive Offshore Natural Gas Developments

Posted: April 7, 2016 at 2:14 pm   /   Oil & Gas

Seeking Alpha’s Callum Turcan provides an overview of natural gas developments in Egypt. Summary Egypt’s oil & gas industry has gotten hammered over the past five years due to civil unrest and a lackluster realized pricing regime deterring foreign investment. Once an energy exporter, Egypt quickly became an energy importer, creating a series of crises […]

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Ministry of Petroleum discusses Joint Cooperation Agreement with Italian Edison

Posted: April 7, 2016 at 1:40 pm   /   Oil & Gas

The Minister of Petroleum & Mineral Resources, Eng.Tarek El Molla, has received Mr. Marc Benayoun, Chief Executive of Edison International Group and President of the Board of Directors, where they discussed boosting bilateral relations and investment opportunities along with reviewing the executive status of the projects carried out by Edison company, currently, in Egypt. The […]

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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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