Driven by the success of Eni鈥檚 major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region鈥檚 gas potential, according to new analysis from IHS Markit. Total鈥檚 announcement that it will鈥
Egypt鈥檚 Oil Ministry has signed three oil and gas exploration agreements in the Mediterranean Sea worth an estimated US$220 million, according to news reports. Image from Eni. The deals are with supermajor BP鈥
Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, in the shallow waters in Egyptian Mediterranean Sea, as a result of the EGAS 2015 international bid round. Eni is the operator of the North El Hammad block with 37鈥
Israel is eyeing both future energy independence and potential export markets with the launch of its first-ever offshore licensing round. Audrey Leon reports. Image from iStock. Tiny Israel has big dreams of a gas-based economy鈥
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million鈥
Elaine Maslin reports on the year鈥檚 top discoveries to date. The largest discoveries were smaller in 2016, but the average ranged between 396-524 MMboe. Atwood Oceanic鈥檚 Atwood Achiever drillship鈥
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鈥檚 share of past expenditure鈥
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鈥
Subsea 7 has awarded Van Oord two contract for the construction of a landfall and the execution of subsea rock installation works for BP鈥檚 West Nile Delta project, offshore Egypt. West Nile Delta comprises the development of a series of gas fields鈥
Subsea 7鈥檚 revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image鈥
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鈥檚 General Petroleum Corp鈥
BP and Egypt鈥檚 minister of petroleum signed three amendments for concessions offshore Egypt, that will allow for the economic development of its giant Nooros project. Image from BP. The鈥
Subsea 7 has been awarded a substantial contract on the BP-operated deepwater Atoll field offshore Egypt. Atoll, a 1.5 Tcf and 31 MMbbl condensate field, in 900m water depth in the North Damietta 云顶赌场老虎机 Concession in the East Nile Delta鈥
The Baltim South West field offshore Egypt has the potential to hold 1 Tcf of gas in place, according to Eni. Image from Eni. The Italian giant, along with 50:50 partner BP, upgraded鈥
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鈥
