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Tag: Zohr

Egypt considers deferring as many as 25 LNG shipments this year and many more in 2018

Posted: April 23, 2017 at 12:04 pm   /   Oil & Gas

There are jitters in the LNG market over Egypt’s planned deferral of some 25 shipments of LNG this year and more in 2018, various sources tell Reuters. The nation’s appetite for LNG imports will decrease further once Egypt’s major gas developments come online, starting with the supergiant Zohr field this fall. Only a small portion […]

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East Mediterranean gas will improve energy security in Western Europe

Posted: April 20, 2017 at 9:24 pm   /   Oil & Gas

Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of energy security in Western Europe will be radically changed. In geopolitical terms, this will be immense; when the planned Israel-Cyprus-Greece-Italy gas pipeline is built, European […]

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Energy regulators examine Egypt’s role in Mediterranean gas industry

Posted: April 5, 2017 at 4:39 pm   /   Oil & Gas

Zohr gas field discovery renews interest in the region. With the recent establishment of the Egyptian Gas Regulator, Mediterranean Energy Regulators (MEDREG) met in Cairo recently where they discussed the independence of regulators, their financial autonomy and gas market models, MEDREG said in a press release. MEDREG is the Association of Mediterranean Energy Regulators, which […]

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Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?

Posted: April 2, 2017 at 9:03 pm   /   Oil & Gas

Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]

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Video: Egypt's Energy – OMC 2017 (Eni)

Posted: April 2, 2017 at 8:40 pm   /   Oil & Gas

“A new phase for Egypt. One of most important gas producer in North Africa.” Eni’s CEO Claudio Descalzi at OMC 2017 Ravenna, March 29th 2017 (Source: Eni)

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Rosneft CEO Igor Sechin makes working visit to Egypt

Posted: March 28, 2017 at 2:44 pm   /   Oil & Gas

President of Egypt Abdel Fattah el-Sisi hosted the participants of the consortium, developing the gas field Zohr: Rosneft Chief executive officer Igor Sechin, Eni Chief executive officer Claudio Descalzi, BP Chief executive officer Bob Dudley. The parties discussed the cooperation with Egyptian authorities and business partners (the stae-owned Egyptian Natural Gas Holding Company EGAS is […]

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President Sisi meets with CEOs of BP, Rosneft and Eni

Posted: March 28, 2017 at 1:53 pm   /   Oil & Gas

President Abdel Fattah El Sisi met with the CEOs of BP, Rosneft, and Eni to discuss the progress on the companies’ projects in Egypt, Al Masry Al Youm reports. Rosneft’s CEO Igor Sechin told El Sisi that the Russian company expects to complete the acquisition of its 30% stake in the Zohr field in 2Q2017, […]

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Interview with Egypt’s Minister of Petroleum Tarek El Molla (BP Magazine)

Posted: March 26, 2017 at 3:09 pm   /   Oil & Gas

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production. The country’s minister of petroleum and mineral resources Tarek El-Molla talks to BP Magazine about a new era of investment, how Egypt is well-placed to become a regional energy hub on the eastern […]

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El Molla inspects progress of Zohr field project development

Posted: March 21, 2017 at 4:22 pm   /   Oil & Gas

The Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, inspected the development of the Zohr gas field project, and met with the project’s Higher Committee to follow up on the progress of the project development. Eng. El Molla said that the Zohr gas field will produce almost 1 billion cubic feet per day […]

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Eni focused on African opportunities

Posted: March 21, 2017 at 3:27 pm   /   Oil & Gas

One company pushing ahead with operations around Africa is Eni, which continues to make discoveries and sell down finds, writes Nicholas Newman. African exploration prospects have taken a hit over the last two years but, as Eni’s successes demonstrate, there is plenty of potential still worth securing. The Italian company has almost 4,900 oil and […]

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