Dutch company SGS says the Leviathan reservoir contains 24% less gas than previously announced
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Dutch company SGS says the Leviathan reservoir contains 24% less gas than previously announced

The quantity of gas in the Leviathan reservoir is 24% lower than the quantity reported by its owners (Noble Energy, Delek and Avener). That is the up-to-date estimate…

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Eni advances plans for Zohr gas processing plant
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Eni advances plans for Zohr gas processing plant

Eni SPA is moving forward with plans to build the first of two natural gas plants in Egypt as part of its program to increase processing capacity for…

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Eni makes progress on $8 billion asset sales goal to fund high-profile projects
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Eni makes progress on $8 billion asset sales goal to fund high-profile projects

Italy’s Eni is well on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile…

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شركة بترول وطنية للبنان؟ نقاش سابق لأوانه وغير مكتمِل
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شركة بترول وطنية للبنان؟ نقاش سابق لأوانه وغير مكتمِل

ثلاث سنوات وقطاع النفط والغاز الناشئ في لبنان مصاب بشلل شبه تام. لقد ساهم نجاح دورة التأهيل المُسبَق عامّ 2013 في دفع القطاع إلى الواجهة. لكنَّ دورة التأهيل…

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Nicosia “concerned” over Turkey’s position on Cyprus EEZ
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Nicosia “concerned” over Turkey’s position on Cyprus EEZ

Nicosia has expressed grave concern over Turkey’s questioning the sovereign rights of the Republic of Cyprus to its exclusive economic zone and its exploration and exploitation of natural…

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GE negotiating with foreign oil company in Egypt to participate in developing offshore Mediterranean oil field
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GE negotiating with foreign oil company in Egypt to participate in developing offshore Mediterranean oil field

General Electric (GE) plans to invest $340m in the Egyptian market this year, $200m of which will be directed to establish a multi-modal manufacturing and training facility in…

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Eni to build natural gas processing plant in Egypt’s Port Said
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Eni to build natural gas processing plant in Egypt’s Port Said

Italian energy giant Eni received 400 feddans in Port Said governorate to establish a plant for processing natural gas of Zohr field, Egyptian petroleum minister Tarek El-Molla stated…

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EU looking towards East Med gas reserves
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EU looking towards East Med gas reserves

Eastern Mediterranean gas reserves, including Cyprus’, could play a significant part in addressing the European Union’s drive for energy diversification, the European Commission reiterated on Monday. During a…

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Cyprus Split ‘still too Wide for Quick Solution’: Turkey’s Ambassador
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Cyprus Split ‘still too Wide for Quick Solution’: Turkey’s Ambassador

Mithat Rende served as Turkey’s Ambassador and Permanent Representative of Turkey to the OECD between 2013 and March 2016, during which time he was elected as Chairman of…

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Egypt gas agreements: from production sharing to tax/royalty
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Egypt gas agreements: from production sharing to tax/royalty

All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards…

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