Energean
CO2 storage facility at Prinos in implementation course
Energean subsidiary Enearth has submitted an application for new European financing of the underground carbon dioxide storage at Prinos, northern Greece, a project it is developing with a budget of over 1.1 billion euros.
Brussels approves RRF aid for Prinos storage facility
The European Commission said on Monday it had approved a Greek measure to support the construction of a carbon storage facility at Prinos with 150 million euros made available through the Recovery and Resilience Facility (RRF), under EU state aid rules.
EU green-lights state grant for Prinos carbon storage unit
The European Commission on Monday approved a 150-million-euro initiative funded through the EU's Recovery and Resilience Facility (RRF) for the construction of a carbon storage facility in Prinos in Kavala, northern Greece.
Cyprus: Talks with Israel for €1.3 billion gas from Energean
Energean reports higher first-half profit, eyes expansion in Europe, Middle East and Africa
Gas producer Energean reported higher first-half profit on Wednesday, helped by a rise in production due to strong summer demand in Israel, which accounts for more than 70% of total output.
The company is looking to expand in Europe, the Middle East and Africa, particularly where there is long-term policy support for gas and displacement of coal.
New production record for Energean in June
- Read more about New production record for Energean in June
- Log in to post comments
Prinos oil field can capture 3 mln tons of CO2 a year
The Prinos oil field in northern Greece can capture 3 million tons of carbon dioxide a year, three times the amount envisaged in an initial study.
Energean will proceeding with studies on how to expand the field's capture potential. This was decided at a meeting in Athens, where managers from Energean, EnEarth and Halliburton, one of the largest global advisers of energy firms.
Energean Oil has agreement approved
The Standing Committee on Production and Trade of the Hellenic Parliament has voted in favor of ratifying the seventh amendment to the Convention on Hydrocarbon Exploitation in the Maritime Area of the Thracian Sea between the Greek State and Energean Oil.
- Read more about Energean Oil has agreement approved
- Log in to post comments
Energean sells portfolio in three countries to Carlyle
Greek energy company Energean on Thursday announced an agreement to sell its portfolio in Egypt, Italy and Croatia to Carlyle International Energy Partners for a price of up to $945 million (880 million euros) and not less than $820 million (€763 million).
Energean to sell portfolio in Egypt, Italy, Croatia to Carlyle International Energy Partners
Energean announced an agreement to sell its portfolio in Egypt, Italy and Croatia to Carlyle International Energy Partners for a price of up to 945 million dollars and not less than 820 million dollars.
The price according to Energean is more than three times the cost of acquiring the specific assets from Edison which was 284 million dollars in 2020.