Author: Rigs & Barge World

Iraqi Kurdistan is set for a sizeable gas supply boost next year. The Pearl Consortium partners are due to complete a 250mn cfd expansion at the 500mn cfd Khor Mor gas field via their KM250 project by 1Q 2026, while targeting up to 75mn cfd in early production from an appraisal project at nearby Chemchemal by 3Q 2026. These projects would see combined output exceed 800mn cfd by the end of next year (see chart). 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…

The Egyptian General Petroleum Corporation (EGPC); and the Egyptian Natural Gas Holding Company (EGAS) signed a new agreement with Italy’s Eni, represented by its Egyptian subsidiary, the International Egyptian Oil Company (IEOC) ; and British bp, to begin exploration activities in the Mediterranean Sea. The agreement includes drilling an exploratory well in the Temsah concession area in the coming months, as part of plan to enhance natural gas exploration and support opportunities for discoveries. The agreement was signed by Salah Abdel Kerim, EGPC’ Chairman; Yassin Mohamed, EGAS’ Chairman; Francesco Gaspari, General Manager of Eni in Egypt, and Wail Shaheen, Regional…

The Ministry of Petroleum and Mineral Resources (MoPMR), in collaboration with Italy’s energy giant Eni, held a specialized workshop on Methane Emissions Management. Alaa El-Batal, First Undersecretary of the Ministry for Energy Efficiency, Climate, Environment, and Safety Affairs, inaugurated the event. The workshop saw broad participation from international energy companies and officials from Egyptian General Petroleum Corporation (EGPC) holding companies and their affiliates, representing safety, environment, energy efficiency, and production departments. In his opening speech, El-Batal noted that this workshop is part of a series of successful events organized by the Ministry together with leading global energy companies in Egypt.…

Libya’s NOC has published a list of the companies that have qualified to participate in its current bid round for hydrocarbons exploration and development (MEES, 14 March). Out of 43 companies and one consortium to have expressed interest in the first phase of the bid round, NOC says 37 have qualified after meeting the requirements: 29 as operators and 8 as investors (see table). (CONTINUED – 1274 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…

Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, signed a memorandum of understanding (MoU) with Mohammad Al-Bashir, Syria’s Minister of Energy, to expand energy cooperation between the two countries. The MoU covers the fields of petroleum, gas, petrochemicals, electricity, power interconnection, and renewable energy. The signing was followed by a meeting where the two parties explored bilateral cooperation opportunities in various energy sectors. During the meeting, the two parties exchanged views on developing projects, policies, and regulations in the energy sector, with the shared aim of supporting Syria’s development. It is worth mentioning that Saudi–Syrian energy cooperation has been undergoing…

Algerian state firm Sonatrach this week signed separate deals with Italy’s Eni, France’s TotalEnergies, and China’s Sinopec for hydrocarbons development. On 24 July, Sonatrach officially signed a Production Sharing Contract (PSC) with Total and QatarEnergy (24.5% each) for the Ahara perimeter, which was awarded to the consortium when Algeria held a successful hydrocarbons bid round in June (MEES, 20 June). (CONTINUED – 303 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, the Minister of Petroleum and Mineral Resources, met with a high-level Shell Global delegation to discuss the latest developments in Shell’s natural gas investments in Egypt, particularly in the West Delta Deep Marine (WDDM) concession area. The meeting followed up on the results of Phases 10 and 11 of the gas production project, with the commencement of initial production from Phase 11. Both parties also discussed expansion plans, including the launch of new production phases in the region and the exploration of further promising natural gas potential. The meeting was attended by Cederic Cremers, Executive Vice President of…

SLB, the global energy technology company, launched the new technology “OnWave” which is an autonomous logging platform which enables operation efficiency through providing more efficient and reliable evaluation measurements of a well’s formation at any condition. The company said in a statement that this technology ‘is the first of its kind’ and it works without a wireline unit, and wireline cable, which are normally needed to lower tools into wells for data collection, maintenance, and intervention during oil and gas operations. Interestingly, the new platform takes less half the time to deploy than the conventional wireline platforms. This new technology…

Markets have held steady so far this year despite fears of oversupply after the Opec+ ‘Group of Eight’ agreed in April to start the gradual tapering of 2.2mn b/d of output. Oil prices have been rangebound even as Opec+ has been increasing supplies, to be followed by a further 548,000 b/d in August before a final 547,000 b/d in September (MEES, 11 July). The reason? Some of that production has already made its way to the market from producers exceeding their quotas while global demand has been stronger than expected despite uncertainties arising from threatened US tariffs on some of…

Halliburton, a leading global provider of oilfield services and technologies, launched the LOGIX™ automated geosteering system, a component of its broader LOGIX™ automation and remote operations portfolio. A geosteering system is a technology that uses during drilling to steer the wellbore in real time, ensuring it stays within the most productive part of the reservoir. The service continuously updates geological models in real time, allowing for dynamic optimization of well trajectories. Using advanced algorithms and machine learning, it delivers consistent and objective geological interpretations, enabling operators to make faster, data-driven decisions with greater accuracy. This is not the first technology…