TOP News

Offbeat: Egypt: new oil and gas deposits discovered by the Italian giant Eni

N.L. Bay du Nord oil project highlights tension between economy, climate goals

  N.L. Bay du Nord oil project highlights tension between economy, climate goals ST. JOHN'S, N.L. — As Newfoundland and Labrador awaits word from Ottawa on a proposed new oilfield off the coast of St. John's, Shears Mercer says he's not worried — he's frustrated. Mercer is the mayor of Brigus, a picturesque town on Newfoundland's Conception Bay, popular among tourists and day-trippers from nearby St. John's. The oil industry is important to his town, Mercer said. Its paycheques buy houses overlooking Brigus Bay and line the pockets of visitors spending their weekends in local bed and breakfasts.

The deposits have been discovered on the concession of Meleiha, in the Egyptian Western Desert

Exctracteur de pétrole dans le désert de Sakhir, à Bahreïn. © Hasan Jamali / AP / SIPA Oil ExcTractor in the Desert From Sakhir, Bahrain. Energy - the deposits were discovered on the concession of Meleiha, in the Egyptian Western Desert

the Italian energy giant Eni announced this Wednesday night the discovery in Egypt of new oils and gas corresponding to 8,500 barrels Oil equivalent per day (BEP / J). These deposits were discovered on Meleiha's concession in the Egyptian Western Desert.

"Promising prospects"

They have already been put into production, said the Italian group in a statement. "Other exploration operations are ongoing on the concession with promising perspectives," he added.

Canada approves N.L.’s Bay du Nord deepwater oil project

  Canada approves N.L.’s Bay du Nord deepwater oil project Federal Environment Minister Steven Guilbeault said the Bay du Nord Development project may proceed, subject to some of the 'strongest environmental conditions ever'.Federal Environment Minister Steven Guilbeault made the announcement Wednesday following a four-year assessment conducted by the Impact Assessment Agency of Canada.

ENI also announced the signature in Cairo of an agreement with Egyptian Society Egas aimed at "promoting" production and "export of Egyptian gas in Europe, and in particular to Italy". Present in Egypt since 1954, ENI is currently the country's largest producer

with about 360,000 BEP / J. EconomieCheck Energy 2022: How to benefit and use it? EconomyPrice of the Gas: Jean Castex promises to act if necessary on the "fiscal lever" in the spring of 2022 x1

Biden again opens the sale of oil and gas concessions on the federal lands .
© supplied by the Petroleum Tribune near a strawberry field in the city of Oxnard, County Ventura, California. In the United States, the energy urgency relegates the climate emergency in the background to increase the supply of hydrocarbons. The US government, under pressure to lower gas prices, announced at the end of the week that it would resume the sale of concessions for the exploitation of hydrocarbons on federal land.

See also