Author: Rigs & Barge World
Modern Gas conducted the first residential natural gas connection in Hammam City, Matrouh Governorate. The company plans to supply 8,000 homes with natural gas, making it the third city in the Governorate to receive natural gas. This comes as part of the national strategy to reduce household use of liquefied natural gas (LPG) cylinders and ease pressure on the state budget. Modern gas has extended an Intermediate pressure network with a length of 5142 meters with an operating pressure of 7 bar, and two horizontal directional drilling (HDD) crossings. It also has installed two gas regulators with a capacity of…
Burullus Gas Company brought the Sparrow West-1 development well online, he company adding it to the production map as part of Phase 11 of the West Delta Deep Marine (WDDM) project. This development aligns with the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy: maximizing domestic natural gas production to meet the needs of different economic sectors, as well as those of households. WWDM is managed by Rashid Petroleum Company (Rashpetco), in which the American oil giant Shell owns a stake. Sparrow West-1 marks the second well brought online for this phase, following the launch of Siena…
Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters. Two of the sources revealed that the discussions involve a potential supply deal of 2 million metric tons per year (mtpa) of LNG. The move comes as Aramco looks to expand its footprint in the growing global LNG market. Completing the transaction will allow Commonwealth LNG to move closer to its goal of selling 8 million tons per year from its planned 9.5 mtpa capacity. Additionally, two sources…
The Minister of Petroleum and Mineral Resources, Karim Badawi, met with Azerbaijan’s Minister of Energy, Parviz Shahbazov, to discuss joint cooperation opportunities between the two countries in the oil and gas sector. Both sides reviewed available capabilities and existing infrastructure to facilitate cooperation and knowledge exchange in means that serve mutual interests and strengthen economic partnership, the Ministry of Petroleum said on Wednesday. The meeting took place on the sidelines of the Ninth International Seminar organized by the Organization of the Petroleum Exporting Countries (OPEC) on July 9-10 in Vienna, Austria. The two Ministers explored cooperation opportunities in liquefied natural…
Under the theme ‘Accelerating Commercial Exploration, Discovery and Extraction’, the Egypt Mining Forum, to be held 15-16 July, is set to highlight recent policy shifts and regulatory reforms aimed at positioning Egypt as a strategic destination for mineral exploration. The forum will bring together stakeholders, investors, and policymakers to discuss Egypt’s mining sector and challenges to unlocking its potential. It will focus on unlocking investment opportunities in Egypt and across the Arabian Nubian Shield, while addressing geological challenges to access the untapped mineral resources, and highlighting the importance of creating an investor-friendly environment. Attendees will be able to listen to…
The growing gas trade between Israel and its southern neighbors in Egypt and Jordan over the past five years has been a radical geopolitical shift which shattered long-standing preconceptions given the traditionally frosty relations between the countries. The uncomfortable interdependence stands in marked contrast to the Gulf Cooperation Council (GCC), where cooperation over gas resources is in limited supply (MEES, 13 June). This interdependence creates vulnerabilities, and disruption to the trade risks significant economic damage for all parties involved. The 12-day Israel-Iran war that broke out last month highlighted this vulnerability, when Israel halted exports to its neighbors at the…
As part of its $20 billion divestment program, bp is exiting the Netherlands’ retail market through an agreement to sell its Mobility & Convenience and bp pulse operations there to Catom. According to the company’s statement, the transaction, pending regulatory approval, is expected to close by the end of 2025. This move aligns with bp’s strategy to streamline and upgrade its downstream portfolio, concentrating on core integrated operations. The deal covers approximately 300 bp-owned or branded service stations, some of which feature electric vehicle (EV) charging facilities, 15 active bp pulse EV charging hubs and eight more under development. It…
The Minister of Petroleum and Mineral Resources Karim Badawi met on Monday with the Minister of Electricity and Renewable Energy, Mahmoud Esmat, to discuss and review the work plan in light of developments and ongoing preparations to meet the rising demand for energy amid soaring temperatures. The meeting reviewed indicators showing increased energy demand compared to peak loads from the previous year. To address the issue, both ministries are operating within the framework of the national energy strategy to stabilize the electric grid during peak hours, particularly through joint working committees tasked with ensuring interrupted fuel supply to power generation…
Long term testing at Adnoc’s Ruwais Diyab unconventional gas asset is approaching its conclusion, with a potential FID next year. Elsewhere,… Source link
First Undersecretary for Energy Efficiency, Climate, and Safety at the Ministry of Petroleum and Mineral Resources, Alaa El Batal, held a meeting with a high-level delegation from the European Bank for Reconstruction and Development (EBRD), led by Gianpiero Nacci, Managing Director for Climate Strategy and Delivery, and Mark Davis, Managing Director for the Southern and Eastern Mediterranean (SEMED) region. The meeting focused on strengthening cooperation and supporting joint efforts to improve energy efficiency, reduce emissions, and advance the energy transition. During the meeting, El Batal praised the partnership between the Ministry and EBRD. He stated that EBRD is one of…