Author: Rigs & Barge World
The Great Restart is well underway, with producers across the Gulf increasing production and exports despite the fragility of the US-Iran agreement that led to the partial reopening of the Strait of Hormuz. The closure of the strait since early March and resultant shut-in of more than 10mn b/d of Middle East production was unprecedented, and the restart of flows through this crucial artery is an equally unprecedented process. Considering the geopolitical uncertainty, the initial process has gone smoothly, but there will likely be setbacks along the way. Some Gulf exporters had a head start, having increased exports well ahead…
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice President of Digital Solutions, to discuss deploying advanced artificial intelligence (AI) applications across exploration, production, and operations. The meeting covered the ongoing development of the Egypt Upstream Gateway (EUG) and new initiatives to improve energy efficiency and reduce carbon emissions. Badawi stressed, EUG is central to this strategy, with upgrades underway to integrate AI technologies and advanced data analytics. He said these enhancements aim to improve investment evaluation, reduce risk,…
تعتبر المراهنة على مباريات كأس العالم تجربة مثيرة للكثير من عشاق كرة القدم. فعندما يلتقي فريقان قويان مثل فرنسا والمغرب، تزداد حدة المنافسة وتشويق المراهنة. اضغط هنا للبدء في المراهنة على هذه المباراة المهمة، مع تقديم نصائح واستراتيجيات للمساعدة في اتخاذ قرارات مستنيرة. ما الذي يجب على اللاعبين مقارنته قبل إيداع الأموال قبل الدخول في عالم المراهنة، يجب على اللاعبين النظر في عدة عوامل أساسية تجعل تجربتهم أكثر أمانًا وربحية. من الضروري مقارنة مواقع المراهنة المختلفة بناءً على الاحتمالات، أنواع المراهنات المتاحة، وميزات الأمان. كما يجب الانتباه إلى خيارات الدفع المتاحة وسهولة السحب. علاوة على ذلك، من المفيد أن يكون…
The OPEC+ is gradually restoring crude oil production as maritime restrictions along the critical Strait of Hormuz ease following recent regional conflicts. While tanker traffic has not fully returned to levels seen before the US-Israel conflict with Iran, energy analysts expect shipping volumes to climb over the next 60 days during a crucial diplomatic negotiation window.This production hike is not a sudden surge but a restoration of previous capacities. In 2023, OPEC+ implemented aggressive production cuts under the guise of balancing the market, a strategy aimed at propping up global crude prices. The strategy triggered deep internal friction. Member states…
Abu Dhabi National Oil Company (ADNOC) launched a global liquefied natural gas (LNG) marketing and trading platform at Abu Dhabi Global Market (ADGM), integrating the marketing operations of ADNOC Gas and XRG with the trading expertise of ADNOC Trading into a unified commercial hub, according to a press release by ADNOC. The platform is designed to boost flexibility and shipping options, supporting ADNOC Gas’s expanding LNG portfolio, including Ruwais LNG, and XRG’s international gas and infrastructure growth, while broadening global customer access. The platform strengthens ADNOC and XRG’s capacity to manage a growing and diversified LNG portfolio, building on ADNOC’s…
Prime Minister Ali al-Zaidi has set the stage for his 14 July visit to Washington D.C. with a series of energy deals with US companies and a high-profile anti-corruption campaign. Iraq’s relations with Iran remain a major US concern, but Mr Zaidi hopes these initiatives will convince the Trump administration to look the other way (MEES, 22 May). Mr Zaidi’s goal is to move bilateral relations “from a phase of security cooperation to a sustainable economic partnership,” he told Sky News Arabia last week. To that end, his government will prioritize US companies in energy, communications, technology, and development projects.…
Betting on sporting events can bring an added level of excitement, especially during monumental matches like France vs Morocco in the World Cup 2026. As fans gear up for this thrilling quarter-final showdown, bettors can find numerous opportunities to engage in pre-match and live betting. With the right strategies and insights, punters can not only enjoy the match but also potentially earn some profits. This guide provides essential tips, odds comparison, and expert predictions to enhance your betting experience. Why speed, safety, and value matter in Betting When it comes to betting on events like the World Cup, the importance…
Iraq’s Oil Ministry announced that its main state-owned operator in the southern region, Basra Oil Company (BOC), has signed a five-year integrated management contract with US – based Halliburton for the development of the Bin Omar and Sindbad oil fields, as part of the government’s strategy to boost production capacity, according to Reuters. Oil Minister Bassem Mohammed Al-Abadi said the agreement aims to increase crude output from the Bin Omar field to 150,000 barrels per day (bbl/d), while raising production at the Sindbad field to 100,000 bbl/d. The contract also includes plans to enhance associated gas production from both fields.…
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The Gulf of Suez Petroleum Company (GUPCO) announced the entry of the second phase of the North Safa field development project in the Gulf of Suez into service, with investments from the UAE’s Dragon Oil, in partnership with the Egyptian General Petroleum Corporation (EGPC), according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). This follows the Petroleum Marine Services (PMS), an Egyptian leading offshore construction and services company, announcement that it completed its work for phase two of the project, as it has installed the offshore platform’s production deck, including production equipment and facilities. Current production…