Newsletter subscribe
Tag: North Sinai
egypt-offshore-eni-blocks-sep18

BP buys 25% stake in Eni’s Nour concession offshore Egypt

Posted: December 10, 2018 at 2:01 pm   /   Oil & Gas

BP buys 25% stake in Eni’s Nour concession: BP has acquired a 25% stake in the Nour concession from Eni, according to a statement from Eni. Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. The “transaction is part of a wider business alignment with BP internationally and further strengthens the […]

No Comments read more
Eni Mubadala

Eni sells 20% stake in Noor offshore concession to Mubadala Petroleum

Posted: November 13, 2018 at 4:43 pm   /   Oil & Gas

Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt. Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession. The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the […]

No Comments read more
egypt-offshore-eni-blocks-sep18

Eni, Tharwa to drill first exploratory well at offshore Noor field

Posted: September 20, 2018 at 1:36 pm   /   Oil & Gas

Italy’s Eni and Egypt’s Tharwa company will drill the first exploratory oil well in Northern Sinai’s offshore Noor field next week, an official at Egypt’s gas company EGAS said on Thursday. Egypt’s cabinet approved in March an agreement to explore the North Sinai region of the Mediterranean Sea. Under the deal, Eni and Tharwa will […]

2 Comments read more
Claudio Descalzi Eni

Eni denies talk of major new gas discovery offshore Egypt

Posted: July 3, 2018 at 10:24 pm   /   Oil & Gas

Italian oil and gas group Eni has denied media reports that it has made a major new discovery in Egypt. “There are prospects and new (geological) structures in Egypt but we still haven’t discovered anything…,” Chief Executive Claudio Descalzi told reporters on Monday. He was commenting on the recent reports, including one in the Arab […]

No Comments read more
Eni

Is Eni about to announce another major gas discovery in Egypt?

Posted: June 27, 2018 at 1:43 pm   /   Oil & Gas

Former Minister’s comments hint at another big find. Eni announced Zohr find in 2015. A former Egyptian petroleum minister has caused a stir by suggesting that Italian energy giant Eni is about to announce another massive gas find – three times as big as its existing offshore field. Eni revealed almost three years ago that […]

No Comments read more
Drilling Rig

Tharwa Petroleum prepares to drill in North Sinai’s Noor offshore concession

Posted: May 25, 2018 at 2:23 pm   /   Oil & Gas

Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 million exploration agreement with Eni […]

No Comments read more
Eni

Egypt approves offshore North Sinai exploration deal with Eni, Tharwa

Posted: May 10, 2018 at 12:09 pm   /   Oil & Gas

Egypt has approved an exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the coast of northern Sinai, the Egyptian oil minister said on Wednesday. Under the deal, Eni and Tharwa will spend $105 million in two stages over six years, which involve drilling […]

No Comments read more

EKH subsidiary raises stake in North Sinai offshore concession

Posted: February 21, 2018 at 10:26 pm   /   Oil & Gas

EKH’s unit raises stake in NSCO Investments. Egypt Kuwait Holding (EKH) on Tuesday said that one of its subsidiaries has increased its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai. EKH’s unit has raised its stake to 99.997% from 40% by the subscription in capital increase of $20 million, […]

No Comments read more

EGAS to tender up to nine new Mediterranean concessions, reprice North Sinai gas

Posted: August 17, 2016 at 7:00 pm   /   Oil & Gas

EGAS will issue tenders for oil and gas exploration and production in eight or nine concession in the Mediterranean by the end of the year, Oil Minister Tarek El Molla told Al Borsa, bringing the total number of concessions during the year to 30. The new tender is set to be issued once EGPC and […]

No Comments read more