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…
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 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…
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…
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…
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…
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…
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…
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…
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…
Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals.The minister…
Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week, Rosneft won…
Eni and partner BP have confirmed that production has started from the giant Zohr gas field offshore Egypt in the Mediterranean Sea. The deepwater field, with potential resources in excess of 30 Tcf of gas in place, started-up in less than two and a half years from the discovery…
Audrey Leon takes a look through some of the industry’s biggest ongoing projects by capex in 2017. Five of the 10 biggest projects by capex were offshore projects in 2017, led by Inpex’s Ichthys LNG project offshore Australia. Ichthys…
Audrey Leon looks at how BP’s new approach to working with its suppliers have led to quicker project start-up (First published in OE January 2018, view the full issue here). The Juniper platform offshore Trinidad and Tobago…
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