Author: Rigs & Barge World

P CEO Murray Auchincloss recently led a high-ranking delegation to the firm’s newest LNG export facility; the Great Tortue Ahmeyim (GTA) which straddles the Mauritania/Senegal maritime boundary. The first cargo from the 2.3mn t/y Phase 1 project was shipped by BP on 15 April, reaching China’s Dapeng port on 22 May, according to Kpler. BP operates GTA with a 56% working interest, alongside Kosmos Energy (27%), Senegal state firm Petrosen (10%) and Mauritania’s SMH (7%). Initial ambitions of a three-hub development to 30mn t/y by the early 2030s have been slashed, with BP offloading the Yakaar-Teranga fields off Senegal and…

Shell announced approving the final investment decision on the Aphrodite gas project offshore Trinidad and Tobago, Reuters reported citing the company. The project is set to start production in 2027, with expected peak production of 18,400 barrels of oil equivalent per day (boe/d). Shell owns a 45% stake in Trinidad’s Atlantic LNG plant which has recently been seeing a decline in natural gas production, limiting Shell’s LNG share to less than its entitled 5.5 million metric tons per annum (MTPA). The company said that this project will serve as a backfill to the plant. “Shell produces more than 600 million…

The Petroleum Projects and Technical Consultations Company (PETROJET) has signed a $21.76 million agreement with Jordan Petroleum Refinery Company (JPRC) and Jordan National Shipping Lines (JNSL) to build liquefied petroleum gas (LPG) storage facilities in southern Jordanian port of Aqaba. The project, with completion expected in two years, entails the engineering, procurement, and construction (EPC) of two spherical LPG tanks, each with a capacity of 2,000 metric tons for LPG storage. JPRC Chairman Abed El-Rahim Boucai stated that the agreement reflects the company’s confidence in its regional partners and enhances Arab cooperation in executing strategic projects that serve the national…

Opec+ countries last month began the process of unwinding 2.2mn b/d of voluntary cuts, which form the outermost layer of a series of ‘voluntary’ and mandatory cuts totaling 5.85mn b/d, on paper. In reality the amount of production being held back by the group is very different, given the extent to which members’ production capacities have altered since Opec+ began implementing the cuts in November 2022. Much has changed over the past two and a half years, and baselines reflecting 2022 capacity levels would be problematic enough, but the baselines from which most of those cuts are calculated can be…

The first edition of the Iraq Oil and Gas Technology Exhibition (OiGatech 2025) kicked off from June 1 to 4, 2025, featuring a distinguished participation by Egypt’s petroleum sector, which has been named the Guest of Honor for this edition. The event is held under the patronage of the Prime Minister of Iraq, Mohammed Shia’ Al Sudani, and overseen by the Iraqi Ministry of Oil, with the participation of 66 companies from the oil, gas, and energy sectors worldwide. The exhibition was inaugurated by the Chairman of the National Security Committee and Advisor to the Iraqi Prime Minister, Qasim al-Araji,…

Baker Hughes, a leading American energy technology company, announced that it entered an agreement with Cactus Inc., a U.S.-based manufacturer of pressure control equipment, to establish a joint venture (JV) that provides surface pressure control (SPC) services. SPC services include oilfield services and equipment used to safely manage and contain pressure during drilling, well intervention, completion, and production operations at the surface. Baker Hughes will share its surface pressure control (SPC) product line, retaining a 35% stake of the JV, while Cactus will assume operational control, owning a stake of 65%. The new venture will operate apart from Cactus’ existing…

Libya’s eastern government on 29 May threatened to declare force majeure on the country’s oil fields and terminals, citing “threats and intimidation” against NOC staff following recent attacks on state institutions in the capital Tripoli in the past weeks (MEES, 16 May). In particular, the Benghazi-based Government of National Stability (GNS) referred to an incident the previous day, when an armed group allegedly stormed NOC’s headquarters and the chairman’s office in Tripoli. (CONTINUED – 797 WORDS) 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…

Jeff Lembcke has been appointed as Executive Vice President of Products and Technologies and Chief Technology Officer at the Saudi-based Industrialization Energy Services Company (TAQA), bringing over 40 years of global engineering leadership experience. In his new role, Lembcke will be overseeing the technology strategy, product innovation, and engineering excellence across the company’s diversified portfolio. He previously worked at the global energy services company, Weatherford International, serving as Chief Engineer, Director of Engineering Quality, and Vice President of Research, Development, and Engineering. Furthermore, he led the integration of over 40 mergers and acquisitions in innovation and operational efficiency. He also…

Aramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance. The issuance was carried out in three tranches at the London Stock Exchange, under its Global Medium Term Note Program. These tranches were $1.5 billion senior notes maturing in 2030 with a coupon rate of 4.750%; $1.25 billion senior notes maturing in 2035 with a coupon rate of 5.375%; and $2.25 billion senior notes maturing in 2055 with a coupon rate of 6.375%. The company stated that this offering attracted significant interest from a broad range of high-quality institutional investors. This bond sale…

Nuclear talks between the US and Iran have hit a roadblock after five rounds of indirect discussions. A new US proposal, delivered via Oman on Saturday, was rejected by Iran, while calling it a “bad deal” and “completely one-sided.”Despite earlier cautious optimism, significant disagreements persist. Iran demands the lifting of crippling sanctions, while the US insists on a complete halt to uranium enrichment, a condition Iran deems a “non-starter.”The US position on enrichment remains a point of contention. While an Axios report suggested the US might allow enrichment for power generation, President Trump later dismissed this, stating he would “not…