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News - EastMed Energies - Page 4
Egypt Awards New Exploration Blocks to Eni, BP, QatarEnergy, Zarubezhneft
The Ministry of Petroleum and Mineral Resources announced the results of the international bid round by the Egyptian Natural Gas Holding Company (EGAS) for the search and exploration of natural gas and crude oil in the Mediterranean Sea and Nile Delta regions, which closed in mid-July 2023. Four exploration areas were awarded, three of which were in […]
Shell Signs FOA with KUFPEC for Stake in Egypt’s Mediterranean Block
BG International Limited, a subsidiary of Shell plc, has announced that it signed a Farm Out Agreement (FOA) with KUFPEC, a wholly owned subsidiary of Kuwait Petroleum Corporation, where KUFPEC will acquire a 40% stake in Block 3 in NorthEast El-Amriya in the Egyptian Mediterranean Sea. A farm-out agreement (FOA) is a type of contract […]
KUFPEC, Shell Seal FOA in Egypt
BG International Limited, subsidiary of Shell plc., signed a Farm Out Agreement (FOA) with KUFPEC Egypt Limited (KEL), subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC). According to the agreement, KEL will acquire 40% stake in Block 3 (NorthEast El-Amriya) in the Egyptian Mediterranean Sea. This FOA is subject to government and regulatory approvals, without […]
Petroleum Minister Chairs EMGF Workshop Roundtable on Decarbonization
Minister of Petroleum and Mineral Resources Tarek El Molla chaired an engaging roundtable organized by the Eastern Mediterranean Gas Forum (EMGF) in Cairo, with the participation of EMGF Secretary-General Osama Mobarez. Organized in cooperation with Egypt Oil & Gas (EOG) Group, it was moderated by EOG Founder and Managing Director Mohamed Fouad and witnessed the […]
Energean Aims to Double Size, Expand Production in Israel
Energean aims to double its size in the coming years, including the Katlan field in Israel, CEO Mathios Rigas said, adding that potential acquisitions will also be considered, focusing primarily on the Mediterranean. Energean, headquartered in London, reported a 41.2% decline in first-half profit, which was attributed to $65.3 million of tax after higher taxable […]
Srbijagas, DEPA Sign MoU for Cooperation on Natural Gas Sector
The Serbian gas company Srbijagas and the Greek gas firm DEPA Commercial have signed a memorandum of understanding (MoU) to cooperate in natural gas and ensure the security of supply for both markets, according to a statement issued by Srbijagas. The MoU was signed by Srbijagas’ General Manager Dušan Bajatović, and his counterpart from DEPA […]
Cyprus, Israel, Greece Mull Energy Cooperation
Cyprus, Greece, and Israel agreed to strengthen regional energy cooperation following the Ninth Trilateral Summit on the 4th of Sep in Nicosia focusing on exports to Europe, especially natural gas, and renewables. “We agreed that the energy sector, and in particular, natural gas, electricity and renewable energy, is a solid foundation for cooperation in the […]
Greece’s Alexandroupolis FSRU Project Expected to Be Complete in 2024
The pipeline for Greece’s first offshore LNG terminal project has been installed in Alexandroupolis, northeast Greece.
Mellitah Awards a Contract to Saipem for Developing Bouri Gas Utilisation ...
Mellitah Oil & Gas, which is a consortium made of the National Oil Corporation of Libya and Eni North Africa, has awarded a contract to Saipem company for developing the Bouri Gas Utilisation Project (BGUP) in Libya which is worth approximately $1 billion. According to the contract, Saipem will take over upgrading the platforms and […]
HELLENiQ ENERGY Seeks to Increase Company’s Free Float
HELLENiQ ENERGY’s stakeholders have decided to list an additional 20% of the company’s shares on the Athens Stock Exchange (ATHEX) with the aim of increasing the company’s free float.
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