Author: Rigs & Barge World
Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a field visit to the natural gas production facilities of the North Sinai Petroleum Company (NOSPCO) in the Mediterranean. Accompanied by leaders from the sector, the Minister followed up on the operation of the Phase III “B” project wells “B” project wells, which generate an output of 34 million cubic feet per day (mmcf/d) of natural gas. Bringing new wells into production reflects the success of the petroleum sector’s strategy to gradually expand local output, which helps secure the domestic market’s demand for natural gas, and reduces the import bill, Badawi…
During the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company in a statement. This agreement follows a previously signed memorandum of understanding (MOU) focused on the Bin Umar development project and the completion of a pre-Front End Engineering and Design (pre-FEED) study. This project is set to recover as much as 300 million standard cubic…
Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance Ghana’s goals of ensuring reliable, affordable, and environmentally responsible energy. The scope of the agreement targets the potentials of developing the Eban-Akoma field in Cape Three Points Block 4. One of the main initiatives currently under consideration is boosting the production capacity of the OCTP…
Egypt is working to secure its gas and energy needs for the next five years, Prime Minister Mostafa Madbouly stated during a meeting with the editors-in-chief of various Egyptian newspapers and news websites on September 16. More importantly, Madbouly said that the Zohr field’s production stabilized and returned to its normal levels after repaying the dues to foreign partners. He also added that the regularity in repaying arrears has prompted the resumption of new exploration activities and affirmed that within two to three years, Egypt aims to restore the maximum production volume from its fields. According to a press release and…
Egypt and TotalEnergies Marketing Egypt(TEME), discussed ways to enhance cooperation in the field of safe transportation of petroleum products. This came during the meeting of Karim Badawi, Minister of Petroleum and Mineral Resources, with Thomas Strauss, TEME’s outgoing Managing Director, who was accompanied by his successor, Mutaz Nazzal. A TotalEnergies representative in Egypt has also attended the meeting. The discussion focused on leveraging TEME’s advanced expertise in safe transportation in light of the agreement it signed with the Egyptian General Petroleum Corporation (EGPC) . The agreement ensures providing specialized consulting services to improve safety standards in the petroleum product transportation…
The Egyptian Mineral Resources and Mining Industries Authority discussed ways of cooperation and strategic partnership with Baker Hughes, one of the largest companies specializing in energy technologies. The goal is to develop Egypt’s mining and mineral resources sector by integrating modern technologies and sustainable practices. These discussions, which aims to maximize the added value of the country’s mineral wealth, was discussed during a meeting at the Authority’s headquarters. The meeting, led by Authority Chairman Yasser Ramadan and Baker Hughes Country Director Amro Ismail Elsharkawi, focused on mechanisms to strengthen cooperation in integrating modern technologies in the sector, in a way…
The Ministry of Petroleum and Mineral Resources, Methanex Egypt, and the Engineering and Science Services (ESS) of the American University in Cairo (AUC) launched the initial round of Egypt’s first Process Safety Management (PSM) Professional Diploma. The first cohort includes 32 professionals from various oil, gas, and petrochemical companies across the sector. Over four months, participants will take part in the program through in-person and online sessions covering key areas. These include the fundamentals of process safety, hazard identification and risk assessment, process safety leadership, safety in design and engineering, emergency response and incident investigation, as well as regulatory compliance…
Media release: Natural gas essential to achieving ambitious 2035 climate target | Australian Energy Producers Skip to content Source link
Saudi Aramco, a leading global energy and chemicals company, has finalized a $3 billion international Sukuk offering split into two tranches. Priced on September 10, 2025, the securities are now listed on the London Stock Exchange. The company said in a statement that the issuance includes two tranches: the fist one consisting of $1.5 billion set to mature in 2030, carrying an annual profit rate of 4.125%, and the second $1.5 billion maturing in 2035, with an annual profit rate of 4.625%. “We believe this successful issuance reflects the confidence of global investors in Aramco’s exceptional financial resilience and robust…
Prime Minister Mostafa Madbouly said the upcoming increase in fuel prices, expected in October, may be the last major hike if current global price levels hold. He emphasized that even after this adjustment, the diesel subsidy will not be fully removed. Madbouly made these remarks during a dialogue with chief editors of various newspapers and news websites. For fiscal year (FY) 2025/26, the estimated fuel subsidy is about EGP 75,033 million, marking a 51.4% year-on-year (YoY) decrease as part of the fuel prices reform program, according to the Ministry of Finance. Reforming fuel prices was a key objective of Egypt’s…