Eni awarded five Egyptian licences in East Mediterranean Sea, the Western Desert and Gulf of Suez
Eni, the Italian energy company with exploration success in the African continent supplying feed gas for LNG projects from Egypt to Mozambique, has been awarded five new licences by the Egyptian Ministry of Petroleum.
BP boosts Egyptian West Nile Delta natural gas output to help nation in its LNG comeback
UK major BP said it produced its first natural gas from the second stage of its West Nile Delta development offshore Egypt, helping to give the Arab nation additional resources as it once again builds up its LNG export volumes.
Saipem is signing $1.2Bln contract to ramp up Egyptian Zohr field and help LNG comeback
Italian energy engineering company Saipem said it expected to be awarded an additional ramp-up contract worth over $1.2 billion for the huge Egyptian Zohr natural gas field in the East Mediterranean that has enabled the nation to end liquefied natural gas imports and to re-start LNG exports.
Eni agrees to sell Mubadala Petroleum stake in Nour North Sinai offshore block in Egypt
Italian energy company Eni signed an agreement for the sale of a 20 percent interest to Mubadala Petroleum from Eni’s share in the Nour North Sinai Offshore block after Mubadala had previously invested in the Zohr field that enabled the Egyptians to re-start LNG exports.
Eni of Italy and Spanish utility Naturgy seek to reopen Egyptian Damietta LNG export plant
Italian energy company Eni and Spanish partner Naturgy Energy Group are in talks to reopen the Egyptian Damietta LNG export plant near the East Mediterranean port of Alexandria, now that an arbitration dispute has been settled.
Mozambique LNG developer Eni of Italy has credit rating cut over Italian EU budget dispute
Italian energy company Eni, the developer of LNG projects in Mozambique and other world-class natural gas ventures worldwide, has had its debt rating reduced by the main US ratings agency because of concern over Italian government debt arising from the worsening budget dispute with the European Commission.
Egypt winds down floating LNG import charters amid revised strategy for natural gas sector
Egypt is winding down its floating storage and regasification unit contracts for LNG imports as the Arab nation’s natural gas crisis has eased with the discovery and development of new offshore gas fields in the East Mediterranean and the Nile Delta.
Egypt is obliged to pay Spanish joint venture US$2Bln for 2014 closure of Damietta LNG plant
Egypt is being obliged to pay over US$2 billion plus interest and legal costs after losing an international tribunal dispute to Union Fenosa Gas for the unilateral interruption of gas supply to UFG’s liquefaction plant in Damietta, near the Mediterranean port of Alexandria.
