"Zohr" News

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…

Egypt’s breadbasket

Apr 01, 2016

Italian major Eni has found what could be the biggest gas deposit in the Mediterranean and the company is eager to develop it. Jerry Lee reports. Egypt Nile Delta. The Zohr discovery, in the Shorouk block…

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…

Eni in first Zohr test success

Mar 10, 2016

The first production test at Eni’s Zohr 2X appraisal well delivered some 44 MMcf/d of gas, offshore Egypt. Eni CEO Claudio Descalzi. Image from Eni. The Zohr 2X well, Eni’s first appraisal well on its giant Zohr discovery…

Eni: Zohr a mega tank of natural gas

Feb 26, 2016

Italian oil major Eni has completed its first appraisal well on the giant Zohr gas discovery in the deep water Shorouk block offshore Egypt. The firm, which is now preparing for a well test, says the latest well on Zohr confirms the Zohr…

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…

Eni: 2017 Zohr start-up goal

Feb 22, 2016

Italian explorer Eni hopes to start production from the giant Zohr gas field offshore Egypt by the end of 2017, after being approved to take over the development lease from Egypt's national Natural Gas Holding Company (EGAS). Zohr, described as Egypt's largest gas field to date…

Bucking the trend

Apr 01, 2016

Chad Barnes reports that contrary to current industry norms, contracting activity in the Eastern Mediterranean and North Africa region is on the rise. The Eastern Mediterranean gas landscape and a focus on Egypt…

Sea of opportunity

Apr 01, 2016

Heather Saucier examines the geology of the Mediterranean and North African region, and assesses where more discoveries could be made. The location of four assessment units in the Nile Delta Basin Province in the Eastern Mediterranean…

Charting demand

Mar 01, 2016

35 offshore projects and 100 rig years have slipped after the oil price collapse. Oddmund Føre, Analyst, Rystad Energy, explains. The market for oilfield services is hurting and offshore drilling is no exception. The global market for…

IHS: Zohr holds new potential

Oct 28, 2015

New analysis is estimating that Eni’s Zohr natural gas discovery has significant technical, commercial, and strategic implications for the gas market in Egypt, according to IHS Energy. Map of Zohr…

First cut is the deepest

Jan 01, 2016

OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…

Current News

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Pandion Energy Divests Interes

Serica Energy Strengthens North Sea Portfolio with Latest Acquisition

Serica Energy Strengthens Nort

FairWind Names Regional Chief for Northern Central Europe

FairWind Names Regional Chief

Eco Wave Power Signs Up Local Contractor for California Wave Energy Pilot

Eco Wave Power Signs Up Local

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine