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EGPC is offering a total of six blocks up for investment, of which five are in the Western Desert, while the sixth is the South Lagia block in the Gulf of Suez. The Western Desert acreage spans established producing areas and more lightly explored positions, with most blocks positioned adjacent to acreage where recent drilling successes have highlighted the basin’s potential. The timing is particularly notable for the Western Desert, where Apache’s recent drilling success has demonstrated the potential for further gas growth (MEES, 14 August). The offered blocks sit close to established Western Desert production and infrastructure, potentially allowing…
The fifth expansion phase of Saudi Aramco’s Jafurah unconventional gas development mainly involves the EPC of three gas compression plants, each with a capacity of 200 million cf/d 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
Russian fuel stations have reimposed gasoline sales limits in Moscow as a renewed supply crunch, driven by Ukrainian drone attacks on oil refineries and elevated seasonal demand, spreads to the capital, according to Reuters. Gazprom Neft has capped gasoline sales at 40 liters per customer at automated stations and 60 liters for gasoline at regular stations, while Rosneft has limited gasoline purchases to 30 liters per vehicle nationwide. Tatneft has introduced a 50-liter gasoline limit, while Lukoil has also restricted sales in Moscow and surrounding areas amid high demand and unplanned refinery maintenance. Diesel sales have generally remained less restricted.…
Global technology company SLB and private equity firm Formentera Partners are working to reactivate oil drilling rigs in Venezuela or potentially bring additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Formentera is in talks with international oilfield service providers to import drilling rigs, while SLB plans to reactivate up to 15 rigs already in Venezuela, according to Reuters. Up to four of SLB’s rigs could return to operation this year, depending on contracts with oil producers. Only two onshore drilling rigs were active in Venezuela at the…
Egypt has launched two parallel bid rounds containing 14 oil and gas blocks, as Cairo seeks to capitalize on renewed investor interest after years of declining production and underinvestment. Gas-focused state firm EGAS is offering up eight blocks — five offshore and three onshore — while its oil-focused counterpart EGPC is offering up 6 – five Western Desert blocks and one in the Gulf of Suez (MEES, 14 August). (CONTINUED – 1338 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…
The proposed pipeline network will source crude processed at Zirku island and Das island, and transport those volumes across 300 kilometres inland to the Jebel Dhanna terminal 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
Türkiye is ready to cooperate with Syria in oil and gas exploration, including seismic surveys and exploration drilling both onshore and offshore, Reuters reported, citing Turkish Energy Minister Alparslan Bayraktar. Speaking at a joint press conference in Damascus with Syrian Energy Minister Mohamed al-Bashir, Bayraktar said Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) and private-sector companies are prepared to support exploration activities in Syria. Türkiye operates a deep-sea drilling fleet and is currently conducting exploration activities offshore Somalia, while TPAO has also secured a license to explore for oil in Libya’s offshore fields. The two countries are also preparing to commission…
The Adnoc Group subsidiary recently announced that it had achieved FID for phases 2 and 3 of its Rich Gas Development and awarded the EPC contracts to China-based Wison Engineering and Italy’s Tecnimont, respectively Register for MEED’s 14-day trial access China-based Wison Engineering and Italian contractor Tecnimont have announced that they have won engineering, procurement and construction (EPC) contracts from Adnoc Gas for the second and third phases of the Rich Gas Development (RGD) programme in Abu Dhabi, respectively. Adnoc Gas, the gas processing subsidiary of Abu Dhabi National Oil Company (Adnoc Group), recently announced that it had reached a final…