Author: Rigs & Barge World
Egypt’s electricity load hit a record 40,000 megawatts (MW) on August 11, up 700 MW from the previous day’s 39,300 MW, as the grid continues to absorb unprecedented summer demand driven by extreme heat, according to the National Energy Control Center (NECC). The peak surpasses last year’s high of 39,800 MW, underscoring the sharp rise in consumption during the 2026 summer season. The unified grid has so far met demand, supported by efficiency upgrades, maintenance programs, and adherence to international standards. Egypt has been gripped by severe heatwaves this summer, with thermometer readings consistently exceeding 40°C during daytime. Electricity Minister…
Saudi Aramco had awarded the package – part of a wider project to boost gas compression capacity at the Shedgum and Uthmaniyah processing plants – to a joint venture of Italy’s Saipem and local contractor Nasser Saeed Al-Hajri & Partners Register for MEED’s 14-day trial access Saudi Arabia-based Saipem Nasser Saeed Al‑Hajri Contracting Company (SNSH) – a joint venture of Italian contractor Saipem and local contractor Nasser Saeed Al‑Hajri & Partners Company for Contracting – has kicked off work on the Uthmaniyah gas compression plant package in Saudi Arabia. The package forms part of a wider Saudi Aramco project to boost gas…
Karim Badawi, Minister of Petroleum and Mineral Resources, reviewed preparations for the Mediterranean Offshore Conference & Exhibition 2026 (MOC), which will bring energy companies, government officials, and industry experts to Alexandria from October 20 to 22. The conference and exhibition will focus on Mediterranean energy and carry the theme “Egypt as a key pillar for securing energy security in the Mediterranean region.” Badawi said the event will showcase developments in Egypt’s petroleum and natural gas sector and promote the country’s investment potential. Also, he stressed the need to connect international technologies and expertise with the sector’s operational needs and focus on…
A brief but intense border event at the Spanish exclave of Ceuta in North Africa last week has put regional dynamics to the test, raising questions about the future of Mediterranean alliances. Beyond the public outrage and political storm about EU migration policy, the crisis has drawn significant attention to long-standing rivalries between Morocco and Algeria, shining a spotlight on issues like the disputed Western Sahara territory and a race to supply Europe with African gas via questionable pipeline projects. (CONTINUED – 1545 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve…
The QatarEnergy tender covers the EPCI of four production deck modules to support output from the North Field reservoirs and provide additional feedgas for the North Field West LNG project Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Egypt is preparing a seismic survey spanning about 110,000 km² in the western Western Desert near the Libyan border, aimed at building a new geological and geophysical database and attracting oil and gas investment in this largely unexplored area, Karim Badawi, Minister of Petroleum and Mineral Resources, announced. The survey will cover an area equivalent to around 11% of Egypt’s total territory and will target a region that has not previously witnessed petroleum activities, according to Badawi during a meeting with the heads and senior executives of international and Egyptian oil and gas companies. The meeting aimed at reviewing the…
Egypt’s LNG import system has proved resilient following last week’s drone strike on the Energos Winter floating storage and regasification unit (FSRU), with LNG imports and Israeli pipeline deliveries both running at record levels. Cairo has been able to maintain full domestic gas supplies despite losing its only Mediterranean regasification option (MEES, 31 July). The 450mn cfd-capacity FSRU remains out of service after being struck at Damietta on 29 July. Egyptian authorities say it is expected to head to Turkey for damage assessment and repairs. No timeframe has been given for its return to service. (CONTINUED – 846 WORDS) Read…
Harbour Energy, an independent energy company, generated $6.4 billion in revenue during the six months ending June 30, representing a 20% increase compared to the same period of 2025. This was mainly driven by record production resulting from strong operational execution and higher oil and European natural gas prices, according to the company’s press release on August 6. The company’s earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) rose to $4.4 billion in the first half (H1) of 2026, compared to $3.9 billion in H1 2025. Harbour Energy also recorded a rise in adjusted profit after tax amounting…
According to the latest data from China’s National Bureau of Statistics, the country’s manufacturing sector contracted in July due to a range of factors. China’s manufacturing purchasing managers’ index fell from 50.3 in June to 49.2 in July, registering a drop of 1.1 point. In addition, the non-manufacturing purchasing managers’ index fell from 50.2 to 49.0, defying optimistic forecasts by analysts.The manufacturing purchasing managers’ index reflects the nation’s industrial activity. A reading of 50 percent serves as the threshold between contraction and expansion: a reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.Meanwhile, seasonal headwinds…
The main objective of the project is to enhance and sustain oil production at the Rumaitha and Shanayel fields in Abu Dhabi at a rate of 45,000 b/d through on-plot and off-plot facilities Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link