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2016-07-06 18:00:00

ENI & CYPRUS COOPERATION

ENI & CYPRUS COOPERATION

 

CYPRUS GAS MAP

 

CYPRUS GAS MAP

 

NGE wrote, the president of the Republic of Cyprus, Nicos Anastasiades and the CEO of Italian major Eni, Claudio Descalzi, met in Nicosia July 5, Eni said, giving no reason for the timing.

Eni said the meeting was "an opportunity to jointly review and discuss Eni's current activities in the country and the potential development for future opportunities." In January the government extended the Eni-Kogas license for blocks 2,3 and 9 by two years so it expires in February 2018.

Descalzi confirmed that Eni remained "highly committed to Cyprus hydrocarbons exploration and to the eastern Mediterranean in general." The company will be working proactively with the government of Cyprus in order to maximize the exploitation of the Country's hydrocarbon resources.

Eni also illustrated to the Anastasiades the possible synergies related to future energy projects in the eastern Mediterranean, an area that could represent an important diversification source and route for the energy supply in Europe.

Eni is the operator of the giant Zohr field offshore Egypt, which is close to the boundary with Cyprus. It is due to start up in 2017, with domestic demand expected to account for some of the output.

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Earlier:

CYPRUS: 

RUSSIA CAN USE CYPRUS 

CYPRUS START DRILLING 

CYPRUS GAS $3B 

THE NEW HOPE OF EUROPE

 

ENI: 

ENI CUTS 21% 

ENI PROPOSES $4 BLN 

ENI SELLS SAIPEM: €6.5 BLN 

ENI LOSS €0.95 BLN 

ENI DISCOVERS EGYPT

 

 

Tags: ENI, CYPRUS, OIL, GAS

Chronicle:

ENI & CYPRUS COOPERATION
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

ENI & CYPRUS COOPERATION
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

ENI & CYPRUS COOPERATION
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

ENI & CYPRUS COOPERATION
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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