Author: Rigs & Barge World
The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This came during the opening of the 9th OPEC International Seminar held in Vienna where the Chamber emphasized the urgent need to restore upstream investment and challenge policies that withhold critical funding from African nations. “Africa has borne the brunt of contradictory global energy policies. While developed nations continue to fast-track public and private investments into natural gas to bolster their own energy security, multilateral institutions enforce blanket bans on…
Canadian miner Aton Resources has reported drilling results showing gold grades of 33.86 grams per ton (g/t) and silver grades of 419 g/t at the Abu Marawat deposit, part of its retained exploration areas within the Abu Marawat concession in Egypt’s Eastern Desert. The drilling results also confirmed grades of 44.59 g/t of gold and 103 g/t of silver from another intersection. These findings indicate rich concentrations and promising mineral extensions within the deeper geological formations, stated the Ministry of Petroleum and Mineral Resources. The company has completed 113 drill holes that totalled 9,642 meters on undrilled surface zones with…
The owners of Saudi Arabia’s National Industrial Gases Company are considering an IPO. In separate announcements on the Tadawul stock exchange, Sabic (74% stake) and National Gas and Industrialization Company (9%) announced that they are evaluating a potential IPO of the firm, which is the sole supplier of nitrogen and oxygen to Sabic’s domestic operations. Sabic says that the potential IPO is “in line with Sabic’s priorities of optimizing its portfolio and focusing on its core business.” (CONTINUED – 328 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details…
United Energy Egypt (UEE) hosted the second edition of the Women in Influence (WII) event on June 25, at its headquarters, in collaboration with Carerha, an EdTech female-focused platform that empowers women economically and fosters inclusive workplaces. The gathering brought together pioneering women and dedicated allies from the energy sector and other traditionally male-dominated industries, reaffirming UEE’s ongoing commitment to inclusive leadership, gender equality, and the advancement of women across all career stages. The event began with opening remarks from Yasmin Ali, the driving force behind the WII Network at UEE, who highlighted the company’s commitment to building a workplace…
Egypt’s installed wind capacity broke the 3GW mark in June after French firm Engie announced “the full commissioning” of its 650MW Red Sea Wind Energy project in Ras Gharib on the Gulf of Suez, boasting that it “is the largest operational wind farm in the Middle East and Africa.” “Initially scheduled for the third quarter of 2025, the connection to the grid of the wind farm’s entire 650 MW of installed capacity was thus completed in June 2025,” Engie said on 1 July. (CONTINUED – 602 WORDS) Read this article for free Gain access to over 60-years of energy analysis…
During the 9th International Seminar hosted by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Minister of Petroleum and Mineral Resources Karim Badawi delivered a keynote address at the ministerial session titled “Pathways to a Resilient Energy Landscape.” Badawi underscored energy’s vital role in economic growth, emphasizing Egypt’s balanced strategy for an optimal energy mix. He detailed the approach, which includes boosting oil and gas production, reducing emissions and carbon intensity, and expanding renewable energy and hydrogen use to ensure a sustainable and secure energy future. The session included senior officials from Venezuela, Equatorial Guinea, Azerbaijan, Canada, Senegal,…
Following his pledge in May to lift sanctions on Syria’s new government, Donald Trump signed an executive order on 30 June terminating the bulk of US sanctions on Syria, excluding those on “Bashar al-Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS or its affiliates, and Iranian proxies.” The directive also orders the state department to review the terrorist status of Hayat al-Shams (HTS) as well as Ahmed Sharaa, Syria’s current president. Mr Sharaa was previously the head of HTS, which was a Salafist-jihadist group affiliated with al-Nusra, itself a branch of al-Qaeda based…
LNG producers in the Gulf have signed short-term deals in recent days as they look to build their position in the global LNG market. On 4 July, QatarEnergy Trading inked a two-year deal with Australia’s Santos to receive 0.5mn t/y of LNG starting in 2026. The deal adds to QatarEnergy’s growing portfolio of LNG outside of its growing domestic supply. To date this has focused on volumes from the US which are set to surge when QatarEnergy Trading takes on marketing its parent company’s 70% equity stake in the 18mn t/y Golden Pass facility (MEES, 18 May). (CONTINUED – 185…
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