Eni | Egypt Oil & Gas - Part 54
Zohr Discovery Boosts Investment Interests in Mediterranean
Eni’s discovery of the Zohr field on Egypt’s Mediterranean coast has raised foreign companies' interest and attracted potential investments in the deep water areas nearby.
Cyprus Extends Exploratory Drilling Licenses to ENI
The Cyprus government has approved a two-year extension for the licenses of Italy's ENI and its South Korean partner KOGAS to explore oil and gas reservoirs off the southern coast of the Mediterranean island. Drilling Begins at Zohr Field
ENI has begun drilling at Egypt's Mediterranean Zohr field. The company is expected to invest $12b in 20 wells to be completed over 26 months.
ENI Declares Force Majeure on Nigeria’s LNG Export Plant
ENI has declared force majeure on loadings from Nigeria's LNG export plant due to sabotage on the Ogoda-Brass transport line, planning to reschedule some shipments.
ENI, Sonangol Commit to Update Plans for Lobito Refinery
Angolan state oil company Sonangol signed a commitment with Italian ENI to upgrade current plans for the completion of the Lobito refinery site, delayed over rising costs and financing problems.
Iran Announces Post-Sanction ENI Drilling Project
The National Iranian Drilling Company (NIDC) announced it had signed a memorandum of understanding (MoU) with the subsidiaries of the Italian Company ENI to launch drilling of 40 wells in the South Azadegan oilfield.
ENI CEO: Oil Investment Cuts Raise Concerns
Italy's ENI CEO, Claudio Descalzi said that the $200b cuts in oil investment in 2015 will continue next year, raising concerns that it may create an imbalance between supply and demand.
ENI Mulls Gas Contracts Cancellation
Italian energy company ENI ponders cancellation of its long-term gas contracts with Algeria, Russia, and Norway due to suffered losses of hundreds of millions of Euros, and the impasse at the Turkish Stream gas pipeline. 
