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 ...
Eni's CEO, Claudio Descalzi, visited the offices of a petroleum plant near Port Said to inspect operations on Eni’s $11bn Zohr offshore gas development.
Egypt is pushing ahead with its plans to become an energy trade hub, along with Cyprus and Greece, as it looks to not only serve domestic demand, but also that of Europe through its massive gas discovery.
Italian Eni agreed with the Egyptian government to export part of the production of Zohr field in Shourouk Concession in the Mediterranean via Damietta liquefaction plant.