Author: Rigs & Barge World
Petroleum Development Oman plans to build a gas-oil gravity drainage facility to handle increased oil output from the Al-Ghubar field in Qarn Alam, within its Block 6 concession area 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
Egyptian Maintenance Company (EMC), known as San Misr, has secured an international tender launched by Italy’s Eni to supply electrical equipment and components for the Zubair oil field in Iraq, under a contract valued at approximately $18.6 million. The three-year contract covers the supply of a wide range of electrical equipment required for production units and power stations at the Zubair field in Basra Governorate, according to the company’s statement. The scope includes medium- and low-voltage equipment, electrical distribution panels, motor control centers, and other electrical components associated with the various facilities and infrastructure that support the project. The contract…
Five years after launching the IFAD Murban Futures Contract to great fanfare, Adnoc is switching all crude oil pricing to a Platts Dubai-linked formula. The 31 July announcement effectively killed off IFAD Murban, the rationale for which was price discovery for Adnoc’s flagship crude. The same day, ICE announced that it was winding down the contract. In doing so, Adnoc has dismantled an institution into which it had poured (CONTINUED – 1798 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…
Scatec, a leading Norwegian renewable energy solutions provider, has reached the Commercial Operations Date (COD) for the second and final phase of its 1.1-gigawatt (GW) Obelisk solar and battery storage project in Nagaa Hammadi bringing the full project into operation. “Completing Africa’s largest hybrid solar and battery installation demonstrates our ability to develop, finance, and deliver large-scale renewable energy projects in emerging markets,” said Terje Pilskog, CEO of Scatec. “Obelisk will supply clean, reliable power to Egypt for 25 years and is a tangible contribution to the country’s energy security and transition,” he added. The project was developed in two…
Adnoc and its partners previously selected a consortium of India’s L&TEH Offshore and Saudi Arabia/UAE-based Lamprell for the Umm Shaif Gas Cap development 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 is targeting 81.7GW of grid-connected renewable capacity by 2030, Saudi Energy stated in its H1 earnings call this week. The figure is lower than the 100-130GW headline renewable target previously cited by the Ministry of Energy, but is one that looks eminently achievable given strong momentum in the sector. Capacity currently stands at 18.8GW (MEES, 7 August), putting it well on course for the year-end target of 20GW. This would mean the addition of an annual-record 7.7GW this year, and would put Saudi Arabia around a quarter of the way towards achieving the 2030 target. Given the rate…
The proposed 56-inch, 127km pipeline will help the UAE’s state utility Ewec meet additional gas demand to power the second phase of an AI data centre in Abu Dhabi and to support the relocation of power assets in the Mirfa area of the emirate Source link
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Badr Abdelatty, Minister of Foreign Affairs, Emigration and Expatriates, to discuss joint efforts to promote investment opportunities in Egypt’s oil, gas and mining sectors. The meeting addressed mechanisms to promote investment opportunities in the petroleum and gas sector and ways to diversify and maximize the use of Egypt’s natural resources, according to a statement by the Ministry of Foreign Affairs. The ministers also discussed promoting the upcoming Egypt Mining Forum (EMF), scheduled for September 2026 in the New Administrative Capital under the patronage of President Abdel Fattah El-Sisi. The forum…
Libya’s oil and gas sector has been steadily recovering from years of turmoil, but renewed violence and drone attacks on vital energy infrastructure this week serve as a reminder that political instability remains an ever-present threat. A further escalation of attacks threatens the revival of the country’s most important economic sector, and could discourage already-wary investors who have been tempted back by Libya’s rich resource base and the recent improved security situation. 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…
Saudi Energy is overseeing the conversion of 22.3GW oil-fired power plants to run on gas by 2030 as part of the Liquid Displacement Program (LDP). Phase One conversion of the 3.7GW PP10 power plant at Riyadh was completed last year, converting half of its turbines to run on gas (MEES, 1 May). The company said in its H1 results call this week that work on converting the 2.8GW Rabigh II plant to gas is approaching commissioning, after work began in 3Q 2025. The conversion strategy is progressing, with contracts for converting the 2.8GW Jeddah South and 2.9GW Shuqaiq power plants into…