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FORGOTTEN HISTORY: 4 - The Untold Story

Algeria, Italy look to broaden ties beyond coveted energy

Italy and Algeria moved to expand their ties through a series of signed agreements during a two-day visit by Italian Premier Giorgia Meloni, who called Algeria Italy’s “most stable, strategic and long-standing’’ partner in the region

The Independent UK

Italy's Meloni eyes boost in strong energy ties with Algeria

Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy

The Independent UK

Former Algerian Minister Sentenced to 20 Years in Prison

A former Algerian energy minister was sentenced in absentia Thursday to 20 years in prison for corruption. Chakib Khelil headed the energy ministry for a decade under the late president Abdelaziz Bouteflika. The Sidi M’Hamed court in Algiers also issued on Thursday prison terms of between five and 10 years…

Asharq Al-Awsat

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Eni, Chevron Announce New Gas Discovery in Egyptian Field

Italian energy group Eni and US energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron, which holds a 45% interest…

Asharq Al-Awsat

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

StockNews.com

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

StockNews.com

Israel Allows TotalEnergies And Eni To Search For Gas Offshore After Lebanon Deal

Israel signed agreement to begin exploring natural gas within the framework of a historic maritime border agreement with Lebanon

Zenger

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Israel signs agreement on gas field shared with Lebanon

Exploration in the Qana field is set to begin after Tel Aviv signed a framework agreement with the contractor.

Al Jazeera

Total to launch sea exploration after Lebanon-Israel deal

French oil giant Total says it will soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel maritime deal

The Independent UK

TotalEnergies, ENI sign deal with Israel on gas field shared with Lebanon

French power operation TotalEnergies and Italian hydrocarbon company ENI have jointly signed a framework agreement with Israel to exploit a gas field shared with Lebanon, the French energy supplier said Tuesday.

Radio France Internationale

Lebanon’s Deputy Speaker Calls for Talks with Syria to Demarcate Maritime Border

Lebanon’s Deputy Speaker Elias Bou Saab has called for communicating “directly and publicly” with Damascus to delineate the maritime border between Lebanon and Syria, following a recent border demarcation agreement with Israel. “The Lebanese government must engage directly and publicly with the Syrian government...

Asharq Al-Awsat

QatarEnergy Seeks to Acquire 30% stake in Lebanon's Offshore Exploration Area

QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies and Eni in this regard, announced CEO Saad al-Kaabi. Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached a deal…

Asharq Al-Awsat

PTTEP takes 25% stake in Sharjah Onshore Area A

PTT Exploration and Production Plc (PTTEP) continues to expand its investment in petroleum production in the United Arab Emirates (UAE) by acquiring a 25% stake in the Sharjah Onshore Area A from a subsidiary of Eni, an Italy-based integrated energy company.

Bangkok Post

NT's Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline

Production from the offshore field which supplies gas for the Top End's electricity generation has decreased by nearly 50 per cent this year.

ABC News

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The Independent UK

EU countries turn to Africa in bid to replace Russian gas

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

Asharq Al-Awsat

Lebanon Years Away From Gas Riches Despite Israel Deal, Analysts Say

Lebanon is nearing agreement with Israel over a maritime dispute involving offshore gas fields, but the cash-strapped country still faces an uphill struggle towards unlocking potential hydrocarbon riches, analysts said. "A deal would mark one step forward but it does not mean that Lebanon has become a gas- or oil-producing…

Reuters

Eni expects halt in Russian gas flow to extend into Monday

Italy's Eni said it would not receive any of the gas it had ordered from Russia's Gazprom for delivery this weekend, although the firms said they were working to fix this.

Reuters

Energy crisis sires new European order: a strong Italy and ailing Germany

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa.

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Reuters

Senior adviser to Meloni wants Italy's Treasury to be split up

A senior economic adviser to Giorgia Meloni, the front runner to become Italy's next prime minister, called for the Treasury to be split into two in order to create a separate ministry managing tax policies and fiscal reform.

Asharq Al-Awsat

Hackers Hit Italian Oil Company Eni’s Computer Networks

Italian oil company Eni's computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. "The internal protection systems have detected unauthorized access to the corporate network in recent days," a spokesperson for the company told Reuters in response to…

The Independent UK

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

Asharq Al-Awsat

TotalEnergies and ENI Make Major Gas Discovery Off Cyprus

Energy companies TotalEnergies and ENI announced a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters, said TotalEnergies in a statement. TotalEnergies and ENI each have a 50%…

Al Jazeera

Turkey resumes gas exploration in the eastern Mediterranean

A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.

Bangkok Post

PTTEP, Eni discover new source of gas in UAE

PTT Exploration and Production Plc (PTTEP) has discovered a new source of gas in the United Arab Emirates (UAE), described as one of its most significant discoveries in recent years.

Asharq Al-Awsat

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

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