Author: Rigs & Barge World
Meanwhile, tensions have been growing in the Caribbean Sea over the last couple of weeks as the United States has increased its military presence off the coast of Venezuela, a country with the world’s largest proven oil reserves. Venezuelan President Maduro, who has a $15 million bounty on his head, believes this military build-up is a pretext for an invasion and regime change. He has stated that his troops would fight back and that any invasion would affect all of South America. While a full-scale invasion is unlikely, the US appears determined to change the status quo in the name of…
African Energy Week (AEW) 2025: Invest in African Energies – taking place from September 29 to October 3 in Cape Town – will host a distinguished group of regulatory, policy and advisory leaders from across Africa and beyond. Participants include Dr. Zwanani Titus Mathe, CEO of the South African National Energy Development Institute (SANEDI); Mor Bakhoum, Technical Secretary of Senegal’s ST-CNSL; Oneyka Cindy Ojogbo, Deputy Managing Partner at CLG; Khaled Abu Bakr, Vice President of the International Gas Union, and Chairman of Go Gas; Leonardo Sempertegui, General Legal Counsel at OPEC; and Mohammed Attaba, Senior Downstream Oil Industry Analyst at…
Three European nations, the United Kingdom, Germany, and France—known as the E3—have initiated the long-awaited snapback mechanism against Iran. This mechanism, a key component of the 2015 Iranian nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), allows any of its signatories to automatically reinstate all United Nations (UN) sanctions against Iran if it’s found to be in “significant non-performance” of its commitments.The snapback process is designed to be veto-proof, giving any signatory—except for Germany, which does not have veto power at the UN—strong leverage. The E3 nations officially informed the UN Security Council of their decision…
Minister of Petroleum and Mineral Resources Karim Badawi took part in the opening of the Africa Down Under (ADU) Mining and Energy Conference in Perth, Australia. Running from 3 to 5 September, the event is the leading platform for trade and investment ties in the mining sector between Africa and Australia, and has been the largest African mining gathering held outside the continent since its launch in 2003. The opening was attended by a number of mining ministers from African countries and senior officials in Australia. Egypt’s participation highlighted the reforms and investment opportunities available in the mining sector to…
Opinion article by Samantha McCulloch on how natural gas is powering the Territory – and Australia’s future | Australian Energy Producers Skip to content Source link
Egypt has signed two memoranda of understanding (MoU) with UAE-based International Resources Holding (IRH) in the fields of mining and finance. The first MoU was signed between the Egyptian Mineral Resources and Mining Industries Authorities and IRH. It focuses on providing technical support services for Egypt’s aerial survey project to identify mining opportunities at various stages and the launch of a digital platform to enable efficient access to survey results. The second MoU was signed between the Egyptian General Petroleum Corporation (EGPC) and IRH, and aims to provide commercial financing facilities for the trade of crude oil, liquefied natural gas…
Columbia Group, a global leader in integrated maritime services, and its long-time partner, Pan Marine Shipping Services, one of Egypt’s largest maritime solutions providers, have joined forces to launch a new joint venture, Columbia Pan Marine Ship Management Egypt. The new entity will represent the Group in Egypt and will offer the complete range of services from Columbia Shipmanagement and the broader Columbia Group. The partnership is a major step in Columbia Group’s expansion into key maritime regions. It reinforces its dedication to the growth of the Egyptian naval industry, Columbia Group said in a statement. “We are delighted to…
TotalEnergies, along with its partners QatarEnergy, and Congo’s national oil company Société Nationale des Pétroles du Congo (SNPC), have secured the Nzombo exploration license in the Republic of the Congo. Covering an area of 1,000 square kilometers, the Nzombo block is located about 100 kilometers offshore from Pointe-Noire, close to the Moho production facilities operated by TotalEnergies EP Congo. The partners plan to launch the drilling of an exploration well by late 2025. “This award of a promising Exploration permit, with the material Nzombo prospect, reflects our continued strategy of expanding our exploration portfolio with high impact prospects, which can…
The economic fallout for India is significant. Labour-intensive sectors such as textiles, gems, jewellery, and seafood have been particularly hit hard, which directly impacts the rural economy, a key focus of Mr Modi’s economic policy. In response, the Indian government has announced it will explore measures to support the affected industries and is looking to diversify its trade relationships.Despite the tariffs, India’s economy has reportedly maintained a robust growth of over 7%, while the equivalent for Western economies has remained in the lower single digits. As the one-sided tariff war escalated, India made a dramatic diplomatic move that the Trump…
Egypt Gas has reported higher net profits after taxes of EGP 209.18 million in the first half (H1) of 2025, compared to EGP 167.61 million in H1 of 2024, according to the Egyptian Exchange. Since its inception in 1983, Egypt Gas has played a pivotal role in distributing natural gas across the country. Beyond household distribution, the company has also supplied natural gas to several industries, including aluminum, steel, sugar, paper, and brick manufacturing. It launched the first natural gas station in Africa and the Middle East in 1996. The company is also expanding its presence in other Arab countries,…