Author: Rigs & Barge World
Tunisia’s renewable energy ambitions are gaining momentum with the commissioning of a 50MW solar photovoltaic (PV) power plant and the launch of a new tender for 200MW of solar power last month. On 16 April, Norway’s Scatec announced the start of commercial operations at the 50MW (60MWp) Tozeur solar PV power plant in central Tunisia (see map), effective 4 March. (CONTINUED – 790 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link
The Ministry of Petroleum and Mineral Resources (MoMR) announced a new natural gas discovery in the Nile Delta, with projected production of 50 million cubic feet per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the UK’s British Petroleum (bp). Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the EDC 56 drilling rig, which executed operations on the well. Nidoco N-2, situated approximately 3 km offshore in shallow waters (depth of ~10m), was drilled from an onshore location utilizing advanced Directional Drilling (ERD) technologies. This strategic…
Outstanding arrears to International Oil Companies (IOCs) currently stand at $770 million, down from $6.1 billion in June 2024, and are scheduled to be fully repaid by June, according to Karim Badawi, Minister of Petroleum and Mineral Resources. Speaking at the Mediterranean and Red Sea Resource Exploration Summit in the New Administrative Capital, he stressed that the Ministry of Petroleum and Mineral Resources (MoPMR) is prioritizing the settlement of IOCs dues to boost investor confidence and accelerate upstream activities. Badawi emphasised that achieving zero arrears is a cornerstone of the ministry’s strategy to incentivize drilling and exploration, which also includes…
After drilling Libya’s much-anticipated first deepwater well, Italy’s Eni has declared the results “non-commercial,” it confirmed in the firm’s 1Q 2026 earnings call. Eni and partner BP began drilling the A1-38/3 well– known as the Matsola prospect – on Block 38 in January. The asset is offshore the country’s Sirte basin oil and gas heartland (see map & MEES, 23 January). (CONTINUED – 301 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link
The Cabinet approved a series of amendments to the country’s mining regulations, tightening licensing procedures, setting new rules for state participation in mining ventures, and introducing oversight measures for geological testing laboratories. The decision, made during the Cabinet’s 90th meeting chaired by Prime Minister Moustafa Madbouly, amends parts of the executive regulations of the Mineral Resources Law, issued under Prime Ministerial Decree No. 108 of 2020. The regulation applies to all licenses issued by the competent authority for the exploration and exploitation of raw materials from mines, quarries, and salt mines. Furthermore, the provisions govern the licensing of laboratories that…
The EBRD has approved a $475mn loan for Jordan’s $6bn planned Aqaba-Amman Water Desalination and Conveyance Project (AAWDCP). The Reverse Osmosis (RO) plant is intended to deliver 300 mcm/y of desalinated water from Aqaba to Jordan’s population centers, meeting around 40% of domestic demand by 2030. The loan was approved on 23 Apil. EBRD Vice President Matteo Patrone described the project, also known as the National Water Carrier project, as “critically important” to Jordan’s long-term water resilience, and described the finalization of technical and legal agreements with project developer, France’s Meridiam, as a key step toward implementation of the Public…
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a reshuffling of assignments that included the heads of certain companies in the petroleum and mineral resources sector. The aim is to strengthen petroleum sites with the necessary competencies to achieve future objectives and to facilitate the exchange of expertise, according to the Ministry of Petroleum and Mineral Resources (MoPMR). The reshuffle included positions left vacant, or soon to be vacant, as their holders retire. Hebat Allah Mohamed Abdel Qader Ali Hassan has been appointed Chairperson and Managing Director of Nile Petroleum Company. She held several progressive roles within the sector,…
The United Arab Emirates’ (UAE) decision to exit OPEC and the wider OPEC+ alliance poses a significant upside risk to global oil supply over the medium term, Goldman Sachs, a leading global investment banking firm, reported. According to Reuters, the bank noted that while immediate impacts are limited by current geopolitical constraints, the move weakens the producer group’s control over global inventories and grants Abu Dhabi greater autonomy over future output levels. The bank’s base case currently anticipates that UAE crude production will recover to 3.8 million barrels per day (mmbbl/d) by October 2026, up from 3.6 mmbbl/d recorded before…
The Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain cooperation despite the United Arab Emirates’ (UAE) withdrawal, Russia’s Deputy Prime Minister Alexander Novak announced, according to Reuters. Novak emphasized that he does not foresee an oil price war following the UAE’s departure, pointing instead to the prevailing global oil supply deficit. The UAE announced its withdrawal from OPEC, delivering a significant setback to the producers’ alliance at a time when an unprecedented energy crisis, sparked by the Iran war, has laid bare divisions among Gulf states. The UAE ranked as the fourth‑largest producer within OPEC+, the alliance…
The Ministry of Petroleum and Mineral Resources (MoPMR) is advancing negotiations with France’s TotalEnergies over expanded gas exploration in the deep Herodotus Basin of the Western Mediterranean, with both sides aiming to finalize a memorandum of understanding (MoU) in the near term. This came in a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Pascal Brian, Managing Director of TotalEnergies in Egypt and Cyprus. Badawi stressed the petroleum sector’s commitment to offering attractive opportunities for strategic partners to intensify natural gas exploration as a cornerstone of the ministry’s vision to gradually increase domestic production. The Mediterranean region…