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.
LNG producer Abu Dhabi National Oil Co. seals one of largest ever refining sales deals with Eni
Abu Dhabi National Oil Company, the producer of oil and LNG for the United Arab Emirates, has concluded one of the largest ever deals for refining assets by selling a one-fifth shareholding to Italian energy company Eni for $3.9 billion as the UAE seeks to fund a long extension of LNG output and additional exploration and production activities.
UK major BP and Eni sign Oman exploration accord after earlier discovery boosted LNG
BP of the UK and Italian energy company Eni signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in the Arabian Peninsula nation where BP’s onshore Khazzan natural gas discovery revitalized LNG production.
BP said that under the accord, the two companies would work with Oman towards the award of a new exploration and production sharing agreement (EPSA) for Block 77 in central Oman.
BP and Eni will now enter discussions with the Ministry to finalise details.
“This would represent a further deepening of BP’s important position in Oman, building on our successful delivery of the major Khazzan project in 2017 and its second phase of development that is currently under construction,” said Bernard Looney, BP chief executive of the upstream division in reference to additional output achieved by Oman LNG from having sufficient domestic gas supplies.
“We look forward to continuing to explore and efficiently develop the country’s resources, working in close partnership with Eni and Oman to underpin our commitment to delivering long-term gas production for Oman,” he added.
The country’s three existing liquefaction Trains at the facilities near the town of Sur have been at full capacity since 2017 after previously suffering from a lack of feed-gas as supplies were diverted to fill domestic gas shortages.
The Omani government allocates Oman LNG supplies from various gas fields and the Khazzan field production has ended all feed-gas concerns for the near future.
The three Omani LNG processing Trains currently produce around 10.4 million tonnes per annum and supply nations such as Japan, South Korea, India and Kuwait.
Block 77, with a total area of almost 3,100 square kilometre, is located in central Oman, 30km east of the BP-operated Block 61, which contains the already-producing Khazzan gas project as well as the Ghazeer project currently under development.
The Khazzan natural gas field began production in 2017, under budget and ahead of schedule. Khazzan now produces around 1 billion cubic feet of gas a day.
The Ghazeer field is expected to add a further 0.5 bcf/d of production and is expected to come on stream in 2021.
BP has had an upstream presence in Oman since 2007 when it signed an exploration and production sharing agreement for Block 61.
Gas sales agreements and approval for the development of the Khazzan project on Block 61 were signed in 2013. In 2016, the EPSA for Block 61 was amended, adding a further 1,000 square kilometres and allowing a second phase of development.
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.
Eni of Italy acquires 124 Alaska leases and seeks success as in Mozambique and Egypt
Eni, the Italian energy company that has made large natural gas discoveries in Mozambique and Egypt over the past few years, has acquired 124 exploration leases covering 350,000 acres onshore in the eastern part of the Alaska North Slope from Caelus Alaska Exploration Co., a privately-held US exploration and production company.
