Author: Rigs & Barge World
Opinion article by Samantha McCulloch in the Sydney Morning Herald on the Gas Market Review | Australian Energy Producers Skip to content Source link
Egypt is set to launch a new program to treat petroleum waste and maximize the economic value of its mineral resources through a partnership between the Ministry of Petroleum and Mineral Resources (MoPMR) and the Ministry of Electricity and Renewable Energy. The initiative focuses on treating Technically Enhanced Naturally Occurring Radioactive Materials (TE-NORM) resulting from oil sector activities. This includes processing sediments, produced water, sludge, and other waste types found at petroleum sites. Under the agreement, the Nuclear Materials Authority (NMA) will conduct necessary surveys, environmental assessments, and waste treatment operations using advanced technologies to ensure compliance with national and…
For years Fujairah crude imports were dominated by heavy-sweet grades, primarily Sudanese Dar & Nile as well as Chad’s Doba, which can be refined to produce IMO-compliant low sulfur fuel oil for the local bunker market. But 2025 has seen major disruptions to this flow on multiple fronts. For starters, the 67,000 Fort Energy refinery owned by UAE firm Montfort, is currently in the process of being relocated to a nearby terminal in Fujairah (MEES, 29 August). The plant has largely been offline since 2024, contributing to a drop in Fujairah crude imports from a record high of 140,000 b/d…
A new industrial complex for producing Formaldehyde and its derivatives will be established in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE), following an agreement between the Main Development Company (MDC), an Egyptian Shareholding Company founded in 2006 to be the main developer of SCZONE, and Al-Ahram Chemicals, Resins and Derivatives Company. The project, with an overall investment of $10 million, will be constructed on a 14,000-square-meter plot. It is designed to produce 25,000 tons per year (t/y) of Formaldehyde, Form Urea, and other derivatives like glue and melamine, with production scheduled to begin in early 2027.…
Libyan officials are targeting British investors for new renewable energy projects aimed primarily at powering upstream oil operations, freeing up oil and gas for more profitable uses. During a promotional event in London on 26 November, officials from the Renewable Energy Authority of Libya (REAOL) rolled out several projects aiming to generate up to 850MW of solar and wind energy. This comes as part of a national strategy that was launched in late 2023 with the aim of achieving a 22% share of the power mix for renewables by 2035 (MEES, 15 December 2023). (CONTINUED – 1287 WORDS) Read this…
The rise of renewables and abundant gas reserves provide Israel with a solid base to move away from coal, although security concerns have le… Source link
Saudi Arabia’s government this week approved an expansionary budget for 2026, in which it expects to run an annual deficit of $44bn. There were no surprises in the budget, which tracks the pre-budget announcement from October, with spending of $350.1bn easily outstripping revenues of $305.9bn (MEES, 3 October). This year has proven to be a challenging one for Riyadh’s finances, with the budget deficit surging by $34.5bn to a five-year high of $65.3bn, preliminary Ministry of Finance figures show (see table). This is more than double the originally budgeted figure of $26.9bn. (CONTINUED – 600 WORDS) Read this article for…
Last week’s attacks on the 750mn cfd Khor Mor gas field laid bare the growing role of the Kurdistan Region as an electricity supplier to Federal Iraq. The field is the primary supplier of gas to power plants in Kurdistan, and its temporary closure forced plants across the Region to shut down too. Whereas in previous years the impact of this outside of Kurdistan would have been limited, this time, the shutdowns led to power outages in Federal Iraq. The 26 November strike resulted in the federal grid losing up to 1.2GW of supplies that it was receiving from privately-operated…
During an official visit to London as the head of the Egypt‑UK business mission for mining, Minister of Petroleum and Mineral Resources Karim Badawi held talks with Hoda Mansour, Managing Director and Vice Chairwoman of Sukari Gold Mines Company, representing AngloGold Ashanti. According to the Ministry of Petroleum and Mineral Resources’ (MoPMR) statement, the meeting focused on deepening cooperation with AngloGold Ashanti, the world’s fourth-largest gold mining company, and channelling additional investment into Egypt. The company recently received two new exploration and exploitation licences in the Eastern Desert to complement its current operations and ambitious Sukari gold mine development plans.…
Turkey finalized a one-year extension of two natural gas import contracts with Russia’s Gazprom totaling 22 billion cubic meters (bcm), while advancing plans to invest in US natural gas production, Energy Minister Alparslan Bayraktar announced, Reuters reported. State gas importer Boru Hatları ile Petrol Taşıma A.Ş. (BOTAŞ) will continue receiving Gazprom supplies in 2026 under the short-term arrangement, with the original contracts expiring at year-end. Turkey is also negotiating a 10 bcm contract with Iran, set to expire in July 2026, and exploring increased Turkmen natural gas imports through an Iranian swap deal currently at 1.3 bcm annually. Turkey, Russia’s…