Author: Rigs & Barge World
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The project has an 18-month execution period Source link
Egyptian Prime Minister Mostafa Madbouly met with Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Diwan in the United Arab Emirates (UAE), and senior Fujairah officials to review progress on the Fujairah-Alamein Oil and Gas project. The meeting follows the establishment of a joint venture tasked with developing a petroleum storage and trading hub at the El-Hamra Petroleum Port in New Alamein, according to a statement by the Cabinet. The meeting, held at the government headquarters in the New Administrative Capital, focused on the remaining procedures and execution steps required to bring the project into operation, including accelerating the…
Israel’s two refineries produced a combined 265,400 b/d of refined products in Q2, up 4.7% from Q1’s 253,400 b/d and up 8.5% from 2Q 2025 when the Bazan refinery was closed following a missile strike in June 2025 (MEES, 20 June 2025). Bazan is Israel’s largest refinery, with CDU capacity of 197,000 b/d. It is located in the northern city of Haifa and accounted for the bulk of last quarter’s increase, with output rising to 186,500 b/d in Q2 from 171,400 b/d in Q1 and 159,800 b/d in 2Q 2025. Gasoline output increased by 1% from Q1 to 35,100 b/d,…
British Petroleum (bp) has started production from the Fayoum-4 well in Egypt’s West Nile Delta, adding an estimated 80 million cubic feet per day (mmcf/d) of natural gas to the domestic market. The well’s production has been tied into bp’s existing West Nile Delta gas-processing facilities, which the company operates with an 82.75% stake, through the Giza-Fayoum pipeline, allowing the company to bring the new volumes online without developing new subsea infrastructure. The project was accelerated following bp’s 2025 exploration campaign, which led to the discovery of the Fayoum well. The company said the accelerated development brought production forward by…
The Mineral Resources and Mining Industries Authority (MRMIA) has announced the closing dates for bidding on 13 mining blocks of talc and gold, with deadlines scheduled between September 1 and 4, 2026, as Egypt continues efforts to attract investment into its mineral resources sector. The first deadline is set for September 1, covering Block T4, which is designated for talc, as well as six gold-bearing blocks: Bb83, Be81, De74, De75, Df75, and Df76. The bidding deadline for Block Dd75, designated for gold, is set for September 2. On September 3, bids will close for three additional gold blocks: Ca75, Cf76,…
The resilience of Saudi Arabia’s oil sector has helped the kingdom maintain robust trade surpluses throughout the Middle East conflict. Despite massive disruption to Aramco’s oil operations and other major export-oriented industrial sectors such as fertilizers and petrochemicals, its first half trade surplus of $41.3bn was up 53% year-on-year. The second half of 2026 promises to be more challenging, with Houthi attacks on Saudi energy assets and shipping in the Red Sea causing further disruption, but the kingdom should remain in surplus (see chart 1). Read this article for free Gain access to over 60-years of energy analysis and news…