Author: Rigs & Barge World

Saudi Arabia’s Acwa Power has kicked off development of a planned 400,000 t/y green hydrogen facility at Yanbu, with commercial operations planned by 2030. At full capacity, the plant is designed to have nearly twice the capacity of Saudi Arabia’s 237,000 b/d Neom green hydrogen plant. The Neom plant is by some distance the largest plant under construction in the world and is due online in 2027. Acwa has awarded a convertible front-end engineering design (FEED) contract to Spain’s Tecnicas Reunidas and China’s Sinopec Guanghzou Engineering for the project. In a 26 July announcement, Tecnicas states that the work is…

OPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September, Reuters reported. The group has accelerated production increases in recent months, pointing to low global inventories and growing demand. This came at the time in which the U.S. renews pressure on India to halt Russian oil imports, part of Washington’s efforts to urge Moscow toward a peace agreement with Ukraine. Meanwhile, new EU sanctions have led Indian state-run refiners to pause their purchases of Russian oil. The sources said that the increased volume may be estimated…

The eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady global economic outlook and current healthy market fundamentals, according to OPEC+ statement. This amount of production is equivalent to four monthly increases, the statement explained. It noted that this adjustment could be paused or reversed, based on the market status. The statement reported that this action will give a chance to the participating countries to accelerate their compensation. In July 2025, OPEC+ approved a production adjustment…

1: Abu Dhabi’s Ewec Gas Feedstock Requirements Fall 30% From Their 2017 Peak Despite Overall Generation Soaring (TWh) 2: Abu Dhabi ‘Clean’ Power Generation (TWh): Output Has Soared With Barakah Nuclear Ramp-Up, Now Accounts For More Than 40% Of Generation 3: Ewec Desalinated Water Production (mn m³): Reverse Osmosis Increasingly Prominent Ewec’s Power Generation Facilities Source link

ADNOC Gas, a world-class integrated gas processing and sales company, has signed an a 10-year-term agreement with the Indian key energy player, Hindustan Petroleum Corporation Limited (HPCL), to supply it with 0.5 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). The LNG will be pumped from ADNOC Gas’ Das Island liquefaction facility. It is the world’s third longest-operating LNG plant, with a production capacity of 6 mmtpa. It has shipped over 3,500 LNG cargoes worldwide since it started operations. “This long-term agreement with HPCL, also our third with an Indian company in the past year, reflects the…

UK AngloGold Ashanti reported a sharp rise in earnings and free cash flow in the second quarter of 2025 (Q2 2025), more than doubling its performance compared to the same period last year. The surge was primarily driven by a 25% year-on-year increase in gold production, reaching 804,000 ounces (oz) from managed operations at Egypt’s Sukari Gold Mine, alongside strong operational results from key assets in Ghana and Tanzania. In Egypt, the company recorded an increase in gold production from the Sukari gold mine amounting to 129,000oz in Q1 2025, compared to 120,00oz during the same period last. In addition,…

Libyan state firm Zallaf Oil and Gas has launched the second phase of its long-stalled South Refinery project as part of ambitious plans to develop the country’s downstream sector despite financing obstacles. Having concluded the initial technical and design phase for the 30,000 b/d refinery near Ubari in the southwestern Murzuq Basin (see map), the NOC subsidiary has now progressed to the second phase, which involves building the refinery’s main components, according to a 21 July statement. (CONTINUED – 719 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details…

Minister of Petroleum and Mineral Resources Karim Badawi met with representatives from the Arabian Geophysical and Surveying Company (ARGAS), Metatek, Excalibur, and Novia. Specialized in aerial surveying and seismic imaging, the companies discussed with the minister collaborating on a national project to create a comprehensive geological database for all of Egypt. The goal is to make data accessible to both local and international companies interested in mining investments. During the meeting, Minister Badawi emphasized the crucial role of aerial and seismic surveys in identifying promising mining investment opportunities. He also highlighted the increasing global interest in Egypt’s mining sector, crediting…

Saudi Arabia is turning to discounted Russian fuel oil cargoes to meet its seasonal summer oil burn surge, Kpler data shows. Preliminary data indicates that Saudi fuel oil imports in July exceeded 300,000 b/d for the second time this summer, with Russia accounting for 76% of the total (see chart 1). The 258,000 b/d of Russian fuel oil that was delivered last month was a record high. 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…

A delegation from the Egyptian Petrochemicals Holding Company (ECHEM), headed by Chairman Ibrahim Mekky, visited China to explore strategic partnerships and potential localisation opportunities in high-value industries in Egypt. The visit included tours of advanced industrial complexes in the cities of Lanzhou and Zibo, covering sectors such as metallurgical silicon, nylon, and soda ash. In Lanzhou, the delegation inspected a metallurgical silicon facility operating 28 furnaces, each producing 15,000 tonnes annually. The plant reportedly operates at 108% capacity utilization and plans to add 11 new furnaces to meet rising demand from aluminum, alloy, and silicone industries. In Zibo, the delegation…