Author: Rigs & Barge World

Oman is teeing up the next phase of its gas expansion plans, moving towards commercialization of a recent discovery. State upstream firm OQ Exploration and Production (OQEP) says that appraisal work of a 2023 gas discovery in exploration Block 11 (Shell 67.5%, TotalEnergies 22.5%, OQEP 10%) is moving towards a final investment decision (FID) in 2026 (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

TotalEnergies Marketing Egypt announces the sponsorship of the 11th edition of the Youth Centers League for the 2025–2026 season, marking the third consecutive year of its support for the initiative. The company signed a cooperation agreement with the Ministry of Youth and Sports for the league, which is held under the patronage of President Abdel Fattah El-Sisi. Mutaz Nazzal, Managing Director of TotalEnergies Marketing Egypt, pointed out that the cooperation between the company and the Ministry reflects the integration between the public and private sectors in supporting Egypt’s sustainable development efforts. TotalEnergies’ sponsorship of the Youth Centers League aligns with…

Russia is exploring opportunities to increase oil exports to China and deepen cooperation on Liquefied Natural Gas (LNG), according to Deputy Prime Minister Alexander Novak’s announcement on Tuesday during a Sino-Russian business forum in Beijing. Since the start of the Ukraine conflict in 2022, China and India have become Russia’s largest oil buyers. China currently imports approximately 1.4 million barrels per day (bbl/d) of Russian oil by sea and about 900,000 bbl/d via pipeline, as reported by Reuters. Novak told the forum that Moscow is in talks with Beijing to expand energy trade. “We see prospects for increasing oil supplies…

Omani state upstream firm OQ Exploration and Production (OQEP) is a major player in the country’s upstream sector, with its sizeable portfolio of oil and gas fields consistently yielding more than 200,000 boe/d in working interest production. Output has been broadly flat over the past year, with 9M WI output of 224,000 boe/d edging down 2%. Production is relatively balanced between oil (121,000 b/d) and gas (103,000 boe/d: 337mn cfd). Despite this, sales volumes were up 6.2% year-on-year to 118,500 boe/d. Gas sales were flat at around 336mn cfd, with oil up 12% to 62,000 b/d due to contract terms…

The Executive Board of the Egypt Oil & Gas (EOG) Committee convened a high-level strategic meeting on November 24 to finalize a comprehensive restructuring of its operational framework. Led by a coalition of Egypt’s most prominent International Oil Companies (IOCs) and technology providers, the meeting outlined a new roadmap to transform the Committee into a catalyst for technical and operational support across the energy sector. The EOG Committee was formed in 2012 to facilitate communication between government and investors, develop strategic plans, and run task forces on topics such as brownfields, digitalization, sustainable development, health, safety and environment (HSE), and…

XRG has secured the final regulatory approvals for its purchase of German chemicals firm Covestro. In a 21 November announcement, XRG confirmed that it had received clearances from the German Federal Ministry for Economic Affairs and Energy under Germany’s Foreign Direct Investment regime, which followed clearance from the European Commission under the EU Foreign Subsidies Regulation on 14 November. These were the only two outstanding regulatory approvals required, and now that they are complete, XRG will proceed to close the acquisition. Covestro will be the foundational piece for XRG’s performance materials and specialty chemicals business (MEES, 26 September). (CONTINUED -…

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Hamad Obaid Al Zaabi,  the United Arab Emirates’ (UAE) Ambassador to Egypt, to discuss strengthening cooperation and strategic partnerships in the oil and natural gas sector. The meeting underscored the strong, longstanding ties between the two countries, particularly within the energy industry, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).  Badawi highlighted the continued efforts to deepen collaboration, attract new investments, and expand the presence of Egyptian petroleum companies in the UAE. The Ministry’s statement noted the robust investments by Emirati companies operating in Egypt,…

Australian Energy Producers has called on the Albanese Government to secure a balanced agreement on its environmental law reforms by working with the Coalition, warning the Greens’ reckless demands will delay critical new gas supply needed to secure Australia’s future energy needs. Australian Energy Producers Chief Executive Samantha McCulloch said the proposals reported this morning to secure a deal with the Greens would add unnecessary duplication, red tape and uncertainty. “Embedding extra layers of assessment, restricting streamlined pathways, and creating exemptions simply to secure a deal with the Greens will drive up energy costs, deter investment, and undermine the integrity…

Syria has signed an MoU with the US’ ConocoPhillips and Novaterra Energy to examine the development of gas reserves in the country. Should a final contract be reached, Syria hopes the project will yield an additional 4-5mn m³/d (140-17mn cfd) of natural gas within a year of implementation, says Youssef Qablawi, CEO of the Syrian Petroleum Company (SPC). As well as the development of existing fields, Mr Qablawi says the 18 November agreement includes exploration acreage and the planned development of an existing discovery. (CONTINUED – 674 WORDS) Read this article for free Gain access to over 60-years of energy…

The Egyptian Liquefied Natural Gas (ELNG) celebrated surpassing 17 million safe working hours without lost-time injuries as it held its annual Safety Day on November 20 at its headquarters in Idku. The event, which focused on boosting a safe work culture among its employees, was inaugurated by Yassin Mohamed, First Undersecretary of the Ministry of Petroleum and Mineral Resources (MoPMR) and supervisor of Safety, Occupational Health, Environment, Energy Efficiency, and Climate. The day was held under the theme “Human Performance Principles.” This topic emphasized core safety concepts that guide the company’s operational approach. Yassin Mohamed affirmed the Ministry’s commitment to…