"Zohr" News

Zohr Gas Field Output Rises to 2.7 bcfd

Aug 21, 2019

Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.In February, Egypt's petroleum ministry said the field's production stood at 2…

Eastern Med Shaking Up European Energy Politics

Jul 26, 2019

Discoveries of natural gas reserves in the Mediterranean Sea around Egypt, Cyprus, Israel and Greece are shaking up Europe’s energy politics. Traditionally, Russia has been Europe’s main supplier of gas, giving it significant influence over Europe…

Subsea and Beyond

Jun 10, 2019

...but not without a few global challengesAhead of this year’s Underwater Technology Conference (UTC) in Bergen, Elaine Maslin spoke with key members of the program committee to hear their thoughts on the state of the nation.From its humble beginnings in the offshore oil and gas industry…

BP Sells Egypt Assets to Dragon Oil

Jun 03, 2019

BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…

Drilling Down Deep

Apr 25, 2019

Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…

Mediterranean Gas Galore, Challenges Aplenty

Mar 27, 2019

Gas resources abound in the Mediterranean but the challenges facing their monetization were highlighted at the opening plenary session of Offshore Mediterranean Conference (OMC) in Ravenna, Italy, this morning.On the one hand, gas exploration…

Eni Finds Gas Offshore Egypt

Mar 14, 2019

Italian oil company Eni announced Thursday it has made a gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai peninsula…

Dana Gas to Drill off Egypt in April/May

Feb 12, 2019

Dana Gas will begin drilling this year in an area it says could become Egypt's next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet.That data will be put to the test beginning in April or May…

Shell, Eni, Exxon Win Concessions in Egypt

Feb 12, 2019

Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell…

Eni Continues High-speed Gulf Drive

Feb 01, 2019

In less than 12 months Eni CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.Since last March the 63-year-old has clinched nine deals in the United Arab Emirates…

Total Plans Biggest Exploration Drive in Years

Jan 29, 2019

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…

Africa's FPSO Market Destined for Growth

Dec 27, 2018

Despite the lingering volatility of global commodity prices, Africa's offshore oil and gas industry has continued to expand, albeit not as fast, opening up more market opportunities for floating production storage and offloading (FPSO) vessel manufacturers and suppliers…

Saipem Scores Additional Zohr Work

Dec 20, 2018

Italian services company Saipem said it has secured more than $1.2 billion worth of additional work for the “supergiant” Zohr field development project, offshore Egypt in the Mediterranean Sea.Saipem announced on Thursday it won an offshore contract addendum with Petrobel…

Mubadala Picks Up Second Deal in Offshore Egypt

Nov 15, 2018

The Abu Dhabi-based international oil and gas company Mubadala Petroleum has scored a second win in its drive to entrench its upstream investments in Egypt after signing a sale agreement with Italian giant Eni for a 20 percent stake in the Nour North Sinai Offshore Area concession…

Mubadala Buys Stake in Egypt's Nour Offshore Concession

Nov 12, 2018

Abu Dhabi state fund Mubadala Investment Company's oil business Mubadala Petroleum has agreed to buy a 20 percent participating interest in Egypt's Nour North Sinai Offshore concession from Italy's Eni, it said on Monday.Egypt's main producer…

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