Author: Rigs & Barge World
Pharaonic Petroleum Company (PHPC), a joint venture between BP and the Egyptian Natural Gas Holding Company (EGAS), briefed Minister of Petroleum and Mineral Resources Karim Badawi on updates to its production drilling plans and the safety protocols currently in place. The presentation was delivered by PHPC Chairman Hossam Zaki, in the presence of the personnel of the Port Said-located Ha’py fields, operated by PHPC The meeting was part of Minister Badawi’s surprise visit to PHPC’s headquarters in Cairo, where he followed up on the company’s operations and production updates from its Mediterranean natural gas concessions, developed in partnership with bp.…
Drones, allegedly from Russia, have once again forced Denmark, a NATO member, to close its airspace. This marks the second such incident in just a few days, raising concerns across Europe. Similar airspace violations have been reported in other NATO countries, including Estonia and Poland, as well as in Finland. While these drone intrusions haven’t resulted in casualties, the psychological impact on Europe is significant. In response, NATO members affected by the violations have threatened to shoot down Russian aircraft. Russia, in turn, has dismissed these threats, claiming such an action would lead to war. The response from the Trump administration has…
Eni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided between Eni (47.25%), Vitol (30%), and state-owned Petroci (22.75%). The deal supports Eni’s “dual exploration model,” which focuses on accelerating the monetization of discoveries through partial divestments while retaining operatorship. The move also builds on Eni and Vitol’s partnership in Ghana, where they jointly participate in the OCTP and Block 4 projects. Discovered in 2021, Baleine marked Côte d’Ivoire’s first major commercial oil and gas find in…
The Egyptian Bioethanol Company (EBIOL) has signed an early works contract with China TianChen Engineering Corporation (TCC), a subsidiary of China National Chemical Engineering Company (CNCEC), to keep Egypt’s large-scale bioethanol production project on track according to the planned timeline. An early works Contract is a preliminary contract for work that needs to be done on a construction project before the main, final contract is signed. It covers initial, often site-preparation activities like demolition, excavation, or land clearing, allowing the project to start and gain momentum while the full contract details are still being finalized. Once operational, the project is…
Minister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, to discuss investments in Egypt’s petroleum and fertilizer sectors, according to a statement. The meeting reviewed the company’s investments in the petrochemical and fertilizer industries in Egypt through its stake in Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers and Chemicals Co. Badawi highlighted that efforts to increase domestic production of gas and secure its imports have enabled petrochemical and fertilizer plants to resume full operations.…
Media release: Net Zero Australia reaffirms critical role of gas & CCUS in transition | Australian Energy Producers Skip to content Source link
Karim Badawi, the Minister of Petroleum and Mineral Resources, and Expro, the international energy services company, met to discuss ways to enhance cooperation in drilling services and technological solutions for the oil and gas industry. The company was represented by Hussein Elsisi, MENA Vice President at Expro, and Ossama Amin, the company’s CEO for the East Mediterranean and South Gulf region. During the meeting, Badawi shed light on the distinctive capabilities in Egypt’s oil and gas sector and its geographical location, which qualifies it to become a launchpad for companies looking to expand their activities in the region. He noted…
SLB, a leading technology company in the energy sector, has signed a definitive agreement to acquire RESMAN Energy Technology, a specialist in wireless reservoir surveillance solutions. The acquisition, expected to close in early 2026 pending regulatory approvals, strengthens SLB’s offerings in reservoir monitoring and production optimization. RESMAN’s advanced chemical tracer systems enable operators to track the movement of water, gas, oil, and CO₂ in reservoirs with parts-per-trillion precision, providing detailed insights into well performance and reservoir behavior without production interruptions. Such capabilities are vital in oil and gas as well as in emerging sectors like CO₂ storage and geothermal energy.…
With only two days left before the Joint Comprehensive Plan of Action (JCPOA)—the 2015 nuclear deal between Iran and world powers—could be upended, the stakes are incredibly high. The United Kingdom, Germany, and France, often referred to as the E3, have initiated the “snapback” mechanism, a measure designed to restore international sanctions on Iran. This comes after Iran’s continued violation of the agreement by enriching uranium far beyond the agreed-upon limits.The JCPOA was a landmark agreement signed in 2015. In it, Iran agreed to significantly curb its nuclear program, including scaling back its uranium enrichment activities. In exchange, the E3,…
Opinion article by Samantha McCulloch in The Australian on how natural gas is powering Australia’s energy future | Australian Energy Producers Skip to content Source link