Saipem secures $1.2bn work offshore Egypt, Guyana
Saipem (SPM.MI) has been awarded new contracts totalling around $1.2bn for work on major projects off Guyana and Egypt.
Zohr
Descalzi talks Damietta exports, as Zohr plateaus
Eni CEO Claudio Descalzi has held talks with Abdel Fattah al-Sisi on increasing investments in Egypt, upping gas exports and domestic renewable energy.
Eni boss talks gas with Egyptian president
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Eni completes Damietta LNG deal with Naturgy
Eni has completed a deal settling differences over the Damietta LNG plant.
Eni nears Damietta LNG loading, eyes Qatar LNG entry
Eni intends to boost contracted LNG volumes to 14 million tonnes per year by 2024 and is in talks on entering Qatar Petroleum’s (QP) major expansion.
Weak demand to limit East Med gas
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Zohr production drops in Q1
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
Eni bumps up Mediterranean gas production
Eni has begun producing at two new wells in the Mediterranean Sea, Egypt’s Ministry of Petroleum has announced.
Naturgy exit allows Damietta LNG restart
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
ExxonMobil, Chevron line up Egyptian entries
Egypt has licensed a number of areas, including the award of around 7,000 square km to ExxonMobil in the offshore.
Zohr continues to rise for Egypt
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
Fast-track times for Eni in Egypt
Reporting success in Egypt’s Gulf of Suez, Eni has said it expects production to begin imminently.
Eni swings back to profit after boosting output to record levels
Italian oil firm Eni swung back to profit last year after achieving record production levels.
Super giant Zohr begins producing, netting 7 out 7 for oil major BP
BP was today celebrating after bringing its seventh major start-up on line this year.
Eni starts production from huge Zohr field off Egypt
Italian oil firm Eni is celebrating the start of production from the Zohr field off Egypt.
Rosneft acquires 30% stake in Zohr field in $1.1bn
Rosneft has acquired a 30% stake in the Zohr field, the largest gas field in the Mediterranean Sea.
BP back in the black as it posts strong profit
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
BP completes purchase of 10% stake in Zohr field
Eni has completed the sale to BP of a 10% stake in the Shorouk concession offshore Egypt.
Rosneft to spend $4.5bn on Zohr gas field
Rosneft has bought a stake in the biggest gas field in the Mediterranean Sea.
Eni could half its share in Zohr stake
Eni is said to be in talks with a number of parties to reduce its stake in the giant Zohr gas fild offshore Egypt to 50%, according to its chief executive.
Eni completes production test on Zohr discovery
Eni said it has successfully preformed a production test on the first appraisal well of its Zohr discovery.