Author: Rigs & Barge World
Petrosalam achieved average daily crude oil production of 2,547 barrels per day (bbl/d) and recorded 1.6 million safe working hours, according to Chairman Abdel Hamid Hussein Gewaily. Gewaily presented the company’s results in the presence of Mohamed Abdel Meguid, Chairman of the General Petroleum Company (GPC), highlighting its exploration and development activities, well and pipeline maintenance programs, production facility upgrades, and plans to increase output. Petrosalam is also advancing its digital transformation initiatives, strengthening its safety management system, and enhancing integration with GPC to improve operational efficiency and support future production growth. This came during the general assembly meetings of…
The bidding process is now due to open on 7 September Source link
Saudi crude oil exports from its Red Sea crude oil terminals at Yanbu have gone dark, with many of the tankers loading there now switching off their AIS transponders due to the threat of Houthi attacks (MEES, 7 August). The result is increased opacity around the approximately 4mn b/d of crude oil exports that were being shipped from Yanbu before the Houthis began their campaign against Saudi vessels in late-July (MEES, 24 July). The Houthi campaign has heavily disrupted crude oil exports from Yanbu, which has been the only route to market for Saudi crude while shipping through the Strait…
Suez Oil Company (SUCO) increased its proven reserves by 3.9 million barrels (mmbbl) of oil and improved drilling efficiency by cutting drilling time from 80 days to 49 days during fiscal year (FY) 2025/26. The company also reduced chemical costs by 50% without affecting production, according to a statement by the Egyptian General Petroleum Corporation (EGPC). SUCO Chairman Mohamed Samir said the company sustained production through the operation of electric submersible pumps (ESPs) at the A Platform wells and accelerated its development plans. The company continued to optimize its processing, shipping, and storage facilities to provide services to neighboring companies…
The $979.2m contract was awarded on 15 July 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
Karim Badawi, Minister of Petroleum and Mineral Resources; and Hanan Magdy, New Valley Governor, witnessed the signing of a cooperation protocol to establish the Misr Phosphate International School of Applied Technology in Kharga City. The school will specialize in mining and phosphate ores, targeting the graduation of 100 skilled technicians annually to support the expansion of the mining and mineral-processing industries. The agreement was signed by Ayman Bahaa-Eldin, Deputy Minister of Education for Technical Education; and Nasser Shaheen, Chairman of Misr Phosphate Company. The school will operate under an integrated technological complex and dual-education system for three years. Graduates will…
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Al-Khafji Joint Operations has awarded contracts for two major offshore packages and one onshore package, worth an estimated $6.7bn, under its Dorra field facilities development 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
Korra Energi, a leading Egyptian provider of energy efficiency solutions and contracting services, secured EGP 5.1 billion in new contracts during the first half (H1) of 2026—a massive leap from EGP 1.1 billion in the corresponding period of 2025, noted a company disclosure to the Egyptian stock market. More significantly, Foreign currency-denominated contracts accounted for 45% of new contract value in H1 2026, bolstering foreign exchange reserves and easing international project obligations. The current backlog of contracts reached approximately EGP 15.7 billion (up from EGP 13.6 billion in H1 2025), reflecting the company’s success in securing strategic, high-value projects that…
Adnoc Gas had been forced to deal with unprecedented crises this year. The Middle East has not only restricted its primary export route, but direct Iranian strikes in April caused considerable damage to its 6.1bn cfd capacity Habshan gas processing complex, the centerpiece of the country’s gas sector. “Q2 2026 was one of the most challenging operational periods in Adnoc Gas’ history,” CEO Fatema al-Nuaimi told investors during the firm’s 10 August earnings call. Last quarter, she said attacks on the firm’s 6.1bn cfd Habshan facility had put the country’s gas network close to collapse (MEES, 15 May). Despite the…