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Tag: Natural Gas

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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Video: Eni’s plans to strengthen its position in Europe’s gas market

Posted: April 1, 2016 at 7:50 pm   /   Oil & Gas

In light of Eni’s recent supergiant gas discovery at its Zohr Prospect in the Egyptian offshore, we asked Maria Rita Galli, SVP Portfolio strategy at ENI, to discuss her company’s activities in Egypt and in the Levant basin as well as Eni’s plans to develop its position in the European gas market. (Source: dmg events)

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EGA holds Roundtable headed by Minister of Petroleum

Posted: February 25, 2016 at 3:53 pm   /   Oil & Gas

The Egyptian Gas Association (EGA) held its first executive roundtable, titled “The Future of Natural Gas Industry in Egypt.” The purpose of the roundtable was to bring together industry leaders from both the private and public sectors, allowing them to connect and collaborate on the different issues affecting the natural gas industry in Egypt. In […]

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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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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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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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Egypt to appeal $1.76 billion award to Israel in gas dispute, freeze gas import talks

Posted: December 7, 2015 at 6:13 pm   /   Oil & Gas

Egypt said it would appeal an order by international arbitrators to pay $1.76 billion in compensation to state-owned Israel Electric Corp for halting gas supplies three years ago, and freeze gas import talks until the dispute was resolved. Egypt had been selling natural gas to Israel under a 20-year agreement, but the deal collapsed 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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