Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
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Energy major Eni SpA and the United Nations Development Programme (UNDP) are joining forces to improve access to sustainable energy and help achieve the Sustainable Development Goals (SDGs) in Africa. The partnership is the first of its kind between UNDP and a global energy company. The Memorandum of Understanding (MoU) was signed by Eni Chief Executive Officer Claudio Descalzi and UNDP Administrator Achim Steiner during an official ceremony hosted by the Permanent Mission of Italy…
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Eni SpA announced Saturday that the Zohr field offshore Egypt is now producing 2 billion cubic feet per day (Bcf/d), equivalent to approximately 365,000 barrels of oil equivalent per day.
Read MoreDuring 2017 and 2018, increase in investor confidence was observed across most LNG markets including Mozambique. Planned projects witness considerable progress with an increase in supply volumes anticipated over the short term future.
Read MoreEni has discovered oil and some gas in a deep level of the Faghur basin onshore Egypt.
Read MoreThe Export-Import Bank of Korea (Korea Eximbank) said it will provide $1 billion in project financing for the Eni-led Coral South FLNG project offshore Mozambique. In addition to Korea Eximbank’s $1 billion, Korea Trade Insurance Corporation (K-sure) will provide $0.8 billion, making up 22.5 percent of total project costs or 36 percent of project finance.
Read MoreThe IEA is honoured to welcome Claudio Descalzi Chief Executive Officer of Eni who will speak on “African development and access to energy” at 11:00 Paris time on Friday, 15 April 2016 Watch the live webcast on http://www.iea.org Claudio Descalzi has been CEO of Eni since May 2014 after joining the Italian energy giant in 1981 as Oil & Gas field petroleum engineering and project manager, for the development of projects in the North Sea,…
Read MoreMozambique on Thursday opened up 15 new offshore and onshore areas for gas and oil exploration and production in its north, centre and south, a week after national elections which are expected to return the ruling Frelimo party to power.
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