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Italian energy giant ENI and Bahrain have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the energy sector, Petrol Plaza reports. The agreement will enable both parties to carry out and launch joint initiatives in areas of mutual Read more
Qatar Petroleum Monday announced it acquired a new exploration and production deal with Total Guyana, in Latin American. The deal involved two blocks, Orinduik and Kanuku. Under the agreement subject to customary regulatory approvals by the government of Guyana, the Read more
Eni has announced that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa, has started. The current production, delivered through two oil producer wells, is around 5.000 Read more
Italian Saipem, one of the world leading drilling services companies, announced Thursday it won new contracts and variation orders in E&C offshore at Egyptian giant Zohr gas field in the Mediterranean. Under the contracts, estimated at above €1.5 billion, the Read more
The Iranian government is determined to increase its oil production as it works towards regaining its past glory as the second biggest producer among OPEC members before U.S, E.U and U.N economic sanctions. Global oil prices have been dropping since Read more
The Mediterranean “largest ever” offshore natural gas field has been discovered within the perimeter of the Shorouk Block in Egypt at a depth of 4,757feet by Italian energy company, Eni. The discovery made under the Zohr project is expected to put an Read more
The Italian giant Eni discovered gas reserves of up to 15 billion cubic meters in Egypt’s Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday. According to Egyptian oil ministry statement, Read more
Iraq has been struggling to satisfy the energy demands of the country as well as increase its oil output despite the cross-carpeting of oil companies towards the semi-autonomous region of Kurdistan. An investment development plan by an Italian oil and Read more