BG Group secured 35% stake from Houston-based Noble Energy in Block 12 offshore Cyprus in a US$165 million farm out deal, which gives the UK deepwater and LNG focused company a piece of the Aphrodite natural gas discovery. Map of Cyprus鈥
Image: crane simulator in Egypt/GE Marine In 2012, the AAST-GE DP Center was established through a joint effort between GE and the Arab Academy for Science, Technology & Maritime Transport鈥
Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt鈥檚 East Mediterranean Sea. Photos from BP鈥
Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni鈥檚 chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting鈥
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co鈥
Subsea 7 has been awarded a contract by Pharaonic Petroleum Co. for the development of the East Nile Delta Phase 3 Project (END-3). The scope includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline鈥
Eni CEO Claudo Descalzi met with Israel鈥檚 Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as鈥
Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total. In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10鈥
Eni is increasing its presence offshore Egypt, as the company picks up two licenses in the 2015 EGAS bid round. Image from Eni Flickr. The two exploration licenses, North El Hammad and North Ras El Esh鈥
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world鈥檚 largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5鈥
Nexans has been awarded the contract to deliver 48km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt. The Taurus Libra development is a subsea project tied in to existing BG Group operated Burullus facilities鈥
Elaine Maslin speaks with new Oil & Gas Innovation Centre (OGIC) COO Ernie Lamza about his early career, his new role and the part technology has to play in the oil and gas industry. Ernie Lamza鈥
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez鈥
Italy's Eni has discovered gas at the Nooros exploration prospect in the Abu Madi West license, in the Nile Delta, offshore Egypt. Preliminary estimates of the discovery account for a potential of 15 Bcm of gas in place with upside, plus associated condensates鈥
Subsea 7 has won a contract worth about US$500 million from BP for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt's West Nile Delta project where field development will be at depths of approximately 800m鈥
