Author: Rigs & Barge World
Moroccan state power firm ONEE has launched a tender for a 1,000km high voltage direct current (HVDC) transmission line linking the central region of Tensift to the southern city of Boujdour in the disputed Western Sahara Territory (see map). Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link
Egypt’s largest offshore marine and oil support services provider, Maridive and Oil Services, has secured a 15-year contract in Qatar to provide maintenance and production support services, starting in the first quarter (Q1) of 2028, according to a release by the company to the Egyptian Stock Exchange. The contract, awarded to the company’s subsidiary Maridive Offshore Projects, carries an annual value of $10.15 million. The release noted that the deal ” is considered a testament to the company’s credibility and competence, reflecting its strong track record in serving diverse clients and meeting their varied requirements in executing major projects within…
TotalEnergies has reached an agreement to merge its UK upstream operations with NEO NEXT Energy Limited, creating a newly expanded company to be renamed NEO NEXT+ in a deal expected to close in the first half (H1) of 2026. Under the terms of the transaction, TotalEnergies will become the largest shareholder in NEO NEXT+ with a 47.5% stake, alongside partners HitecVision (28.875%) and Repsol UK (23.625%), according to a press release by TotalEnergies. The consolidated entity is projected to become the largest independent oil and gas producer in the UK, targeting production of more than 250,000 barrels of oil equivalent…
Israel’s refining sector is struggling to bounce back from the damage inflicted by Iranian strikes during June’s 12-day conflict. The 197,000 b/d Bazan refinery at Haifa suffered significant damage in June, and operations remain limited while repair work continues. The impact of this was exacerbated by a malfunction at the smaller 100,000 b/d Ashdod refinery, that meant total Israeli refinery output dropped 39% year-on-year to a multi-decade low of just 158,000 b/d. As a result, Israel increased its imports of refined products to meet local demand. Read this article for free Gain access to over 60-years of energy analysis and…
Egypt exported a new liquefied natural gas (LNG) shipment from the Idku liquefaction plant to Turkey aboard the LNG HARMONY carrier, transporting approximately 150,000 cubic meters (m³) of LNG for Shell Global, according to the Ministry of Petroleum and Mineral Resources. LNG exports support the ministry’s strategy to encourage foreign partners to inject additional investments needed to increase domestic natural gas production and to boost Egypt’s role as a regional hub for energy trade, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). In October, Egypt exported a similar 150,000 m³ cargo of LNG from Idku…
Japan’s largest power generation company, JERA, has signed a 10-year liquefied natural gas (LNG) sale and purchase agreement with Torrent Power, one of India’s leading integrated power utilities, according to a statement by JERA. The deal, which begins in 2027, marks JERA’s first long-term contract to supply cargoes outside of Japan, signifying a major step in its global expansion strategy. Under the agreement, JERA will deliver approximately 270,000 tonnes of LNG annually, comprising four cargoes per year, on a Delivered Ex-Ship (DES) basis from its global portfolio. The deal capitalizes on complementary seasonal demand patterns between the two nations: India’s…
For the past two years, maritime traffic through the Suez Canal and Bab al-Mandeb chokepoint has collapsed as Houthis conducted an extremely successful campaign against vessels in the southern Red Sea. The diversion of shipping flows around the Cape introduced additional friction into global supply chains and helped push up shipping costs. There are now signs of tentative returns to the Red Sea route, after the Houthis last month signalled a pause on their offensive. Shipping flows in the waterway have since increased to levels not seen since early 2024. (CONTINUED – 893 WORDS) Read this article for free Gain…
Leaders of Egypt’s refining sector companies convened in Alexandria to explore integration and share expertise among state-owned companies, in line with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategic development goals, according to a MoPMR statement. Held under the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, the meeting highlighted progress on several key projects in the sector, most notably the new diesel complex by Assiut National Oil Processing Company (ANOPC), which is set to begin production next year. Other significant developments discussed included the construction of five new storage tanks at Alexandria Petroleum Company(APC) to support…
Totsa, the trading arm of France’s TotalEnergies, is poised to return to Dubai’s Jebel Ali in mid-2026, MEES learns, two years after leaving. The firm previously leased 184,000 m³ (1.2mn barrels) storage there, which was key to its Middle East gasoline blending operations. Totsa left its eight tanks at the Advario terminal, where it was replaced by Glencore, and moved its operations to Brooge Energy’s BPGIC terminal in Fujairah (MEES, 8 March 2024). Unlike Jebel Ali, where Advario has its own berth and where Totsa was Advario’s key customer, BGPIC is one of many terminals sharing Fujairah Oil Tanker Terminal’s…
The Group of Seven (G7) nations and the European Union (EU) are discussing a full ban on providing maritime services for Russian oil exports. This move would replace the existing price cap mechanism in an effort to further reduce Moscow’s war-funding revenue, six sources familiar with the matter told Reuters. British and US officials are reportedly pushing the proposal in technical G7 discussions, though a final US decision will be contingent on the approach of President Donald Trump’s administration. The proposed ban would halt trade that relies on Western tankers and associated services, which currently transport more than a third…