ExxonMobil to Buy 25% of Eni’s LNG Offshore Mozambique

• Monday, 13th March 2017
• by

ExxonMobil Corp. announced it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy’s Eni for about $2.8b as the US oil giant expands its worldwide LNG footprint, Bloomberg reported. Eni, whi...

Egypt’s Petrobel Extends Contract for Saipem’s Jack-Up Rig

• Monday, 6th March 2017
• by Dr. Mahinaz El-Baz

The Egyptian company Petrobel has extended a contract for Saipem’s jack-up rig for work offshore in Egypt. The Company extended the contract for the Saipem-owned Perro Negro 4 jack-up drilling rig by two additional ye...

Nigeria Charges Shell, Eni with Corruption

• Sunday, 5th March 2017
• by

Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell plc and Eni , alleging the companies “corruptly” paid $801m in 2011 when acquiring an offshore oil field, Bloomberg reported. According to ABC Ne...

Eni to Sell Stake in Mozambique Gasfield within Weeks

• Thursday, 2nd March 2017
• by

Eni announced on Wednesday that it was “within weeks” of sealing a multi-billion-dollar deal to sell a stake in its Mozambique operations, with ExxonMobil favorite to buy the asset, Financial Times reported. The Itali...

Descalzi Inspected Operations in Eni’s Zohr

• Thursday, 2nd March 2017
• by Sarah Samir

Italian Eni’s CEO, Claudio Descalzi, visited the offices of a petroleum plant near Port Said, Egypt to inspect operations on Eni’s $11b Zohr offshore gas development, which the company is aiming to bring on stre...

Algeria Discusses Offshore Drilling Partnerships with Majors

• Wednesday, 1st March 2017
• by Editorial Team

Algeria’s Sonatrach wants to start its offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp and Anadarko, as well as Italy’s Eni, Reuters reported. As Investopedia explained...

Eni to Extract 200mcf/d from Zohr Field by October

• Sunday, 26th February 2017
• by Sarah Samir

Italian Eni will start producing 200mcf/d of gas from Egypt’s Zohr deep water field in the Mediterranean by October 2017, through a temporary ground gas processing station, reported Daily News Egypt. A source at...

Angola to Increase Its April Oil Exports

• Monday, 20th February 2017
• by Sarah Samir

Angola will increase its April crude oil exports to 1.691mb/d, according to its provisional loading plan, reported Reuters. The exports contain 53 cargoes that include the first of Olombendo crude oil from the East Po...

Dr. Sultan Al Jaber: Egypt Is an Ideal Energy Partner

• Wednesday, 15th February 2017
• by Dr. Mahinaz El-Baz

At Egypt Petroleum Show (EGYPS 2017), His Excellency Dr. Sultan Ahmed Al Jaber, Minister of State, UAE  and ADNOC’s CEO said in his keynote speech that “Egypt has proved it is a trustful partner in the energy se...

IOCs to Step up Investments in Egypt

• Wednesday, 15th February 2017
• by Dr. Mahinaz El-Baz

At Egypt Petroleum Show (EGYPS 2017), major international oil companies (IOCs) said they plan to step up their investments in Egypt, expecting to find more oil and gas now that Eni’s giant Zohr gas discovery has...