Author: Rigs & Barge World
Eni has confirmed a significant natural gas discovery at the Konta-1 exploration well in the Muara Bakau Production Sharing Contract (PSC), located approximately 50 kilometers offshore East Kalimantan in Indonesia’s Kutei Basin. Early estimates place the gas initially in place at around 600 billion cubic feet (bcf), with the potential to exceed 1 trillion cubic feet (tcf) once additional reservoir segments are assessed. Drilled to a depth of 4,575 meters in 570 meters of water, the well intersected four Miocene-age sandstone reservoirs with strong petrophysical characteristics. A drill stem test on one reservoir delivered flow rates of up to 31…
Intensive talks continue at Israel’s energy ministry as the partners of the 22.3tcf Leviathan gas field, led by operator Chevron (39.66%), lobby for a permit to export an additional 130bcm of gas to Egypt. Receiving the export permit from Energy Minister Eli Cohen is a key condition of the giant $35bn deal first announced in August to send more gas to Egypt (MEES, 8 August). The partners missed their self-imposed 30 November deadline but have given themselves another month to convince the minister to approve their application. (CONTINUED – 1771 WORDS) Read this article for free Gain access to over…
Natural Gas Vehicles Company (CARGAS) is planning to expand into several Arab and African countries by establishing centers specialized in converting gasoline‑fueled vehicles to natural gas, said Khaled Raslan, the company’s Chairman and Managing Director. The announcement came during a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Raslan with other company leaders to discuss ways to expand operations beyond Egypt and strengthen CARGAS’s presence in Arab and African markets. Raslan outlined the company’s operational objectives as the oldest Egyptian firm specializing in vehicle conversions to natural gas. He revealed plans to expand operations and develop stations…
Australian Energy Producers welcomes Federal Resources Minister Madeleine King’s announcement today to open five new areas in the Otway Basin for offshore petroleum exploration, which will help ensure Australia’s long-term supply of reliable and affordable gas. Chief Executive Samantha McCulloch said the decision reaffirms the essential role of natural gas to Australia’s energy security, and the need for continued investment in new gas supply. “Exploration is a critical first step in the discovery and development of new oil and gas resources needed to ensure Australia’s long-term energy security,” Ms McCulloch said. “Natural gas provides reliable electricity, fuel for heating and…
The 11th edition of the Egypt Oil and Gas Convention (EOGC2025) has just commenced, gathering senior government officials and industry leaders in one room to address the strategic challenges facing Egypt’s oil and gas sector and draw a path forward. The EOGC 2025 aims to streamline industry dialogue, innovation, and strategic collaboration through in-depth panel discussions, insightful presentations, and an engaging live interview with H.E. Karim Badawi, the Minister of Petroleum and Mineral Resources, to highlight the challenges and developments the sector has faced since he came into office a year ago. In its new edition, the convention delves…
Kuwait is close to completing the merger of its two state-owned refining companies, Kipic and KNPC, according to a 29 November report by Kuwait’s Arab Times quoting unnamed officials. The two firms are subsidiaries of KPC, which has been working to merge them under the KNPC brand. KNPC has refining capacity of 800,000 b/d, as well as 3.12bn cfd gas processing capacity, while Kipic operates the 615,000 b/d Al Zour refinery and the neighboring 22mn t/y Al Zour LNG import terminal. Kipic was originally formed out of KNPC in 2016 to oversee the development of the Al Zour projects. The…
Shell is nearing an agreement to acquire LLOG Exploration Offshore, one of the largest privately owned operators in the US Gulf of Mexico, in a transaction valued at over $3 billion, two sources familiar with the matter told Reuters. The discussions are reportedly in their final stages, with one source indicating that an agreement could be finalized before the end of the year. However, both sources emphasized that the talks remain confidential and that a deal is not yet guaranteed. If completed, the acquisition would significantly expand Shell’s upstream footprint by adding LLOG’s extensive deepwater and ultra-deepwater assets to its…
Egypt is advancing discussions with the European Bank for Reconstruction and Development (EBRD) to secure financing for the national aerial survey project aimed at mapping the country’s mineral resources. The talks took place during a meeting between Minister of Petroleum and Mineral Resources Karim Badawi and an EBRD delegation, where both parties explored enhanced cooperation across the petroleum and mining sectors, according to a statement from the Ministry of Petroleum and Mineral Resources (MoPMR). Key areas of potential collaboration include upgrading the digital infrastructure of the Mineral Resources and Mining Industries Authority (MRMIA), developing an advanced energy efficiency database, and…
ExxonMobil and Chevron are going head-to-head in an effort to secure Lukoil’s Iraq assets, multiple sources tell MEES. Iraq’s oil ministry announced on 1 December that it will only conduct talks “directly and exclusively” with American firms to replace Lukoil at the giant 480,000 b/d-capacity West Qurna-2 (WQ-2) oilfield in Basra. The ministry said that bringing a US operator at WQ-2 would “enhance economic cooperation between Iraq and the US,” as the caretaker government seeks to secure goodwill from the Trump administration. (CONTINUED – 1058 WORDS) Read this article for free Gain access to over 60-years of energy analysis and…
EOGC 2025, the 11th edition of Egypt’s leading annual forum on oil and gas dialogue and innovation, starts tomorrow, December 11. The one‑day event will convene senior government officials, global energy leaders, IOCs, service providers, and technology innovators. “This is the only gathering where the entire ecosystem, government and private Sector, stands side by side to honestly review our upstream Progress.” Said Eng. Mohamed Fouad, CEO of Egypt Oil & Gas. Attendees will learn about the latest developments in the sector in a live interview between Engineer Fouad and H.E. Karim Badawi, Minister of Petroleum and Mineral Resources, who is…