"Zohr" News

BP acquires Nexen, Statoil exploration stakes

Nov 28, 2016

BP has acquired stakes in the Jock Scott and Craster high-temperature high-pressure, North Sea exploration prospects, operated by Statoil and Nexen respectively, with exploration wells planned on each mid-2017.  The move comes just days…

BP buys into Eni's Zohr gas mega-find

Nov 25, 2016

BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million.  As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…

Farstad awarded multiple charter contracts

Nov 22, 2016

Farstad Shipping has been awarded multiple charter contracts in Brazil and Egypt. Petrobras has extended the contract for the multi-purpose supply vessel Far Swift with another year in direct continuation with present contract, until October 2017…

Oil firms' green credentials ranked

Nov 22, 2016

Mirror mirror on the wall, who’s the greenest of them all? Well, it’s not Suncor, ExxonMobil or Chevron, according CDP (the Carbon Disclosure Project). The three North America based firms came bottom of the CDP’s oil and gas League Table…

Petrobel orders Siemens turbines for Zohr

Oct 24, 2016

Dresser-Rand received an order from Egypt-based Belayim Petroleum Co. (Petrobel) for three model SGT-400 industrial gas turbines, including associated electrical generators.  Petrobel, a joint venture formed by Italy-based Eni, and Egypt’s General Petroleum Corp…

Eni completes Zohr 5x off Egypt

Sep 01, 2016

Italian giant Eni has drilled its fifth well on the Zohr field offshore Egypt, confirming its potential to contain some 30 Tcf, with hopes of first gas by the end of next year. Map of Zohr, from Eni…

First Lebanon offshore round on horizon

Jul 15, 2016

Offshore exploration could soon be on the agenda in Lebanon after the country's Prime Minister Tamam Salam was asked to place what would be the first licensing round on the agenda of cabinet meetings as soon as possible. The intention…

Saipem lands Zohr EPCI contract

Jul 07, 2016

Italian offshore contractor Saipem has won an engineering, procurement, construction and installation (EPCI) contract on the supergiant Zohr gas field off Egypt. The contract, won of a number won jointly worth more than US$1.6 billion Euros…

OneSubsea inks Zohr EPC

Jun 20, 2016

OneSubsea has been awarded a US$170 million engineering, procurement and construction (EPC) contract from Belayim Petroleum Co. (Petrobel) to supply the subsea production systems for the first stage of the Zohr gas field, located in the Shorouk Concession…

Rystad: US$30 billion growth for oilfield services

Jun 16, 2016

Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…

WoodMac: US$1 trillion cut from global upstream investment

Jun 15, 2016

Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…

Aker Solutions targets $1.11 billion annual savings

Jun 07, 2016

Aker Solutions says it is on track to boost cost efficiency in all areas of the company by a 30% goal - or NOK9 billion (US$1.11 billion) annually - in a bid to meet current market conditions. A quarter of the targeted improvement is expected to be achieved this year…

Aker umbilicals for Zohr, Egypt

Jun 06, 2016

Aker Solutions is to supply its longest-ever umbilicals system to the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement, with Petrobel, Egypt, is worth more than NOK 1 billion (US$120 million) and covers…

How deep is your well?

May 01, 2016

This year, the deepwater drilling record could be broken not just once, but twice, breaking the last record, set back in 2013. Elaine Maslin takes a look. Total’s Raya-1 well is due to be drilled offshore Uruguay using Maersk Oil’s ultra…

Let’s get deep

May 01, 2016

Ultra-deepwater exploration on the Atlantic margin could be the opportunity the offshore industry is looking for, according to geoscience firm Spectrum. Elaine Maslin reports. Maersk Venturer drillship…

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