Author: Rigs & Barge World

Shell reported adjusted earnings of $3.3 billion for the fourth quarter of 2025, representing a 39% decrease compared to the third quarter. For the full year, the company’s adjusted earnings reached $18.5 billion, a decline of $5.2 billion from the previous year. Moreover, the company’s Cash Flow from Operations (CFFO) reached $9.4 billion in Q4 2025, compared to $12.21 billion in Q3 2025. Shell said that these results are supported by ” strong operational performance in Upstream and Integrated Gas in a lower price environment, offset by year-end movements.” Regarding Operational results, Shell delivered total production of 1.9 million barrels…

Heightened US-Iran tensions and the significant American military buildup in the Gulf have revived market concerns over the security of oil and gas supplies from the Middle East. But as last year’s 12-day Israel-Iran conflict and subsequent US strikes on Iran’s nuclear facilities showed, the risk of Tehran blocking the Strait of Hormuz remains low unless it perceives an existential threat. Washington has dialed down calls for regime change since Iran crushed protests earlier in January. But with the Islamic Republic at its weakest point in decades amid severe economic strain, growing domestic dissent and the erosion of its regional…

The Ministry of Petroleum and Mineral Resources (MoPMR) is participating with a high-level delegation in the activities of Africa’s Mining Indaba 2026 conference, held in Cape Town, South Africa, from February 9th to 12th, where global and African mining leaders converge to shape the future of the sector. Egypt’s participation in this year’s edition comes within the framework of promoting the new investment climate in the mining sector and showcasing the structural reforms and investment incentives recently implemented by the Ministry. It also aims to highlight legislative amendments designed to streamline procedures and attract major international corporations, as well as…

Meanwhile, Supreme Leader Ayatollah Khamenei dismissed the possibility of further discussions with the Trump administration. He noted that the Islamic Republic’s founding father, Ayatollah Khomeini, had banned the revival of ties with the United States. Consequently, progress remains in limbo. As the U.S. bolsters its military presence in the region, defense analysts believe both sides are merely buying time to achieve their respective goals.Despite the temporary relief, a risk premium remains baked into oil and gas prices due to Middle East tensions, causing recent price spikes. This geopolitical friction has countered the downward pressure typically caused by an anticipated supply…

Within the framework of the Ministry of Petroleum and Mineral Resources’ directives, the Egyptian General Petroleum Corporation (EGPC) organized an extensive meeting that included the new chairmen and operations managers of petroleum sector companies, alongside several supporting companies. During the meeting, Salah Abdel Kerim, EGPC’s CEO, emphasized that the current stage requires a level of commitment and performance that matches the scale of the new projects the sector is undertaking in exploration, production, refining, and distribution, especially in light of the growing domestic market demand for petroleum products. The meeting identified several priorities for the upcoming phase. Chief among these…

The global LNG market is on the cusp of a new supply wave that will push it into a new cycle of oversupply, definitively bringing to an end the era of high prices that was sparked by Russia tightening supplies to Europe in 2021 ahead of its invasion of Ukraine the next year. The US and Qatar are leading this surge in new capacity, and between them account for around two thirds of the 287mn t/y extra capacity by 2031 that is expected under the IEA’s LNG project tracker. (CONTINUED – 942 WORDS) Read this article for free Gain access…

Qatar this week laid to rest any notion that it was struggling to secure long term sales commitments for volumes from its LNG expansion trains. QatarEnergy signed sales contracts for 5mn t/y of LNG during the triennial International Conference & Exhibition on Liquefied Natural Gas in Doha (LNG2026). The agreements with Petronas and Jera were the first since December 2024, when a 700,000 t/y five-year deal was reached with India’s Gail. (CONTINUED – 1557 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…

As the war between the Sudanese Armed Forces (SAF) and the rival paramilitary Rapid Support Forces (RSF) nears its three-year mark, recent military escalations threaten to expand the conflict, drawing in regional states. Egypt has been clear about its position on the war since the beginning, providing continuous political and technical support to the Sudanese army. (CONTINUED – 886 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

Tunisia’s ambitious renewable energy strategy is gaining momentum in 2026 after years of stalled plans and financing delays (MEES, 3 January 2025). The government this month awarded contracts for 327MW of wind and solar power projects as it seeks to reduce its reliance on gas imports, which remain the dominant component in Tunisia’s power mix. Renewable energy’s share of power generation had hovered around 3% of the power mix for a decade, but progress is being made, with new increments added over the past three years. The share of renewables hit 5.1% for 2024 (MEES, 28 March 2025), and that…

Saudi Arabia’s Liquids Displacement Program (LDP) is beginning to have an impact on global trade flows. For years, Saudi oil burn was on a steady upwards trajectory as a rising population drove strong electricity demand and domestic gas production growth was unable to keep up. Oil burn ultimately peaked at 1.1mn b/d over 2022-2024 before targeted investments in gas and renewables finally put it in reverse. Oil burn fell by around 100,000 b/d in 2025, with the latest Jodi data to November implying that it could have fallen below 1mn b/d on an annual basis for the first time since…