Author: Rigs & Barge World
Matthews forecasts UAE tender price inflation of 6%-9% in 2026 and building cost increases of up to 12%, as fuel, freight and insurance costs feed through into contractor pricing following the US-Iran conflict 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
Morocco plans to add two new pumped storage plants totalling 662MW to integrate renewable energy capacity into the grid and offset its intermittency. The North African state is already a regional leader in renewable energy, which accounted for 41.3% of the total end-2024 installed capacity of 11.2GW (see chart & MEES, 7 March 2025). (CONTINUED – 727 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
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), inspected Shell Global’s drilling operations at the “Velox-1X” exploratory well aboard the drilling vessel Stena IceMax in the North Cleopatra area of the Herodotus Basin in the Mediterranean Sea. The Drilling operations, which will reach a depth of 6,000 meters- the deepest offshore well in the region-, will be undertaken by Shell in cooperation with Chevron, Tharwa Petroleum, the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy. The Minister said “Velox-1X” is in an unexplored frontier area, and the drilling activities will provide critical geological data to open new exploration opportunities,…
The Cabinet granted golden licenses for two Battery Energy Storage System (BESS) projects operated by Nefertiti Energy Storage Batteries Company and Horus Energy Storage Batteries at the Benban area in Aswan governorate. The Golden license is a one-stop approval given to major investment projects. It allows investors to build, run, and manage a business using a single document, replacing dozens of permits from different government offices Nefertiti Energy Storage Batteries Company project includes the design, build, production, management, operation, and maintenance of BESS across a land area exceeding 214,000 square meters. With an investment of $450 million, the project is…
The facility, which consists of 1,262 reduction cells and produced 2.4 million tonnes of alumina in 2025, suffered damage in Iranian drone and missile attacks on Kezad on 28 March 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
Saudi Arabia’s wholesale power sector transformation is gathering pace and is a key component of the kingdom’s Vision 2030 program. Through institutional reform, large-scale renewable deployment, grid modernization and battery storage investment, the kingdom is emerging as a globally consequential energy-transition market. Installed renewable energy capacity now stands at 17.8GW following the recent grid connection of the 400MW Tabarjal, 2GW Haden and 2GW Al Muwayih solar PV plants, together with the 500MW Waad Al Shamal and 600MW Al Ghat wind farms. (CONTINUED – 3347 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news…
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), made a surprise visit to Misr Petroleum Company’s depot in Mansoura, Dakahleya Governorate, to inspect operations and assess the efficiency of petroleum receipt and delivery, shipping points, procedures, firefighting systems, and compliance with occupational health and safety standards during loading activities. The visit included a practical drill to confront a hypothetical fire, testing the readiness and response speed of firefighting equipment and emergency teams. The drill showed high performance and full readiness to handle various emergency scenarios. Abdel Kerim directed the formation of a task force headed by Mohamed…
The contract was awarded by Abu Dhabi-based real estate developer Aldar Properties Source link
Experts are worried about water coning and sand production at the Iraqi oil field Source link
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing Director Jagir Baxi confirmed the investment commitment during an industry conference in Abuja, Nigeria. The investment marks ExxonMobil’s return to drilling activity in Nigeria, with its affiliate Esso Exploration and Production Nigeria undertaking its first drilling campaign in the country since 2016, according to Reuters. Esso Exploration and Production Nigeria operates the OML 138 block, which includes the Usan field, under a production-sharing contract with Nigeria’s state-owned…