- 18 January, 2025
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Mediterranean - EastMed Energies
Cypriot Government, Chevron Reach Agreement for Aphrodite Gas Field
The government of Cyprus and Chevron have reached an agreement for the development of the ‘Aphrodite’ gas field in block 12 of the country’s exclusive economic zone (EEZ). The negotiations between the two parties have been ongoing for several months, with the government initially rejecting proposed amendments from the company. However, with the deadline proposed […]
Israel Awards Offshore Gas Exploration Licenses
Israel’s Energy Ministry has announced the awarding of 12 licenses to six companies for the exploration of natural gas off the country’s Mediterranean coast, aiming to create more competition in the market and diversify suppliers. The licenses have been granted to two groups of companies. The first group consists of ENI, Dana Petroleum, and Ratio […]
BP, ADNOC’s $2bln Bid for NewMed Energy Remains on Track
BP and Abu Dhabi National Oil Co (ADNOC) announced that their bid to acquire a 50% stake in Israeli gas producer NewMed Energy for $2 billion is still on track. Under the non-binding offer, made last March, BP and ADNOC would buy 45% of NewMed’s free floating shares and an additional 5% owned by Israeli […]
El Molla Holds High-Level Talks with ExxonMobil Over Company’s Latest Inve ...
At ADIPEC 2023, Minister of Petroleum and Mineral Resources Tarek El Molla held talks with Vice President-Head of Global Exploration at ExxonMobil John Ardill to discuss the company’s latest investments in its Mediterranean fields at offshore North Maraqia in addition to the Cairo and Masry regions assigned to the company recently. They also discussed the needed efforts […]
Petroleum Minister, SLB Explore Potential Cooperation in Emissions Reduction
Minister of Petroleum and Mineral Resources Tarek El Molla has met with SLB’s CEO Olivier Le Peuch to discuss the fruitful and continuous cooperation between the two sides, especially in the field of energy transition and emissions reduction. The meeting was held on the sidelines of ADIPEC 2023, hosted in the UAE. The two parties discussed the […]
El Molla Reviews Energy Cooperation Progress with Wintershall Dea
Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with the COO of Wintershall Dea, Dawn Summers; Senior Vice President, Managing Director Egypt of Wintershall Dea, Sameh Sabry; and Undersecretary of the Ministry for Exploration and Agreements, Samir Raslan, to review the latest developments of the company’s investments in Egypt. This came on the sidelines of ADIPEC […]
Descalzi Expresses Delight for Eni’s Big Win in Recent Egyptian Bid Round
During his participation in ADIPEC 2023, Claudio Descalzi, the CEO of Eni, expressed his happiness about Eni’s winning of three important concession areas in the Egyptian bid round that was offered for oil and gas exploration and production operations in the Mediterranean. He added that Eni’s strategy is aiming to invest in areas close to its assets […]
El Molla: Petroleum Sector Attracts Investments of $61.3B Over 9 Years
Minister of Petroleum and Mineral Resources Tarek El Molla lauded the extraordinary accomplishments of Egypt’s petroleum sector with investments amounting to $61.3 billion from July 2014 until July 2023, according to a report from El Ahram Newspaper. El Molla also touched on the most prominent projects that were achieved during that period, including the discovery of […]
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 […]
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.
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