Author: Rigs & Barge World
Osama Elshenoufy has been appointed as Northeast Africa Director for Weatherford, marking another milestone that reflects his 30 years of experience in driving operational excellence, business development, and fostering partnerships across the oil and gas sector in various organizations as Weatherford & bp. Elshenoufy has cooperated with various international oil companies through managing the company’s deep-water business in the East Mediterranean. He has also worked closely with Egypt’s Ministry of Petroleum, Egyptian General Petroleum Corporation (EGPC), Egyptian Natural Gas Holding Company (EGAS), and other entities. Weatherford, a US-based multinational company operating across 75 countries, delivers cutting-edge energy services and solutions…
The governments of Saudi Arabia and Kuwait have announced a new oil discovery by Wafra Joint Operations (WJO) in the North Wafra Wara-Burgan field, situated five kilometers north of the Wafra field, according to Saudi Press Agency (SPA). The Wara reservoir at the North Wafra (Wara-Burgan-1) well is producing crude oil at a rate of over 500 barrels per day (bbl/d), with an American Petroleum Institute (API) gravity ranging from 26 to 27 degrees. This is the first oil discovery since production operations resumed in the partitioned zone and its adjacent offshore area in mid-2020. The find is considered highly…
The first three months of 2025 have seen some notable developments in Saudi Arabia’s oil sector, with crude exports down sharply year-on-year as the kingdom prioritized higher-value refined products exports. Oil burn is also down sharply too, freeing up volumes for more economically-valuable activities. This sets the scene for what should be an interesting second quarter as Saudi Arabia increases crude oil production for the first time since late-2022 amid the unwinding of deep voluntary Opec+ production cuts. A total of 389,000 b/d is to be added between April and June, and when Opec+ ministers meet on 1 June to…
Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by leaders from the Ministry and the Egyptian Natural Gas Holding Company (EGAS), witnessed the arrival of a new Floating Storage and Regasification Unit (FSRU) for receiving imported liquefied natural gas (LNG) and converting it back to its gaseous state, in preparation for pumping it into the national natural gas grid. The southern berth at the Tahya Misr station in Alexandria Seaport welcomed the Energos Power FSRU, arriving from Germany. The minister emphasized that the arrival of the new FSRU is part of the ministry’s plan to secure the necessary natural…
Media release: Innovation, Opportunity and Security on the agenda as Australian Energy Producers Conference and Exhibition opens in Brisbane | Australian Energy Producers Skip to content Source link
DNO is Iraqi Kurdistan’s largest foreign operator in terms of output, but it is seeking to diversify from the high-risk region through a pivot to the North Sea. Over the last six years, the Norwegian firm has acquired a substantial portfolio of North Sea assets, while maintaining disciplined spending in Kurdistan. The diversification efforts are now bearing fruit, with net North Sea output up 35% year-on-year to 19,296 boe/d in Q1. This was dwarfed by the firm’s net Kurdistan output of 61,561 boe/d, but DNO expects this dynamic to be turned on its head and for Kurdistan’s share of its…
Minister of Petroleum and Mineral Resources, Karim Badawi, participated in a session on ‘Enhancing Regional Cooperation to Attract Investments to Egypt and the Region’. This session was part of the U.S.-Egypt Policy Leaders Forum 2025, organized by the American Chamber of Commerce. The event saw the participation of John Christmann, CEO of Apache Corporation and Chairman of the U.S.-Egypt Business Council, along with several heads of foreign oil companies operating in Egypt, leaders from the petroleum sector, and members of both the American Chamber of Commerce and the U.S.-Egypt Business Council. Badawi gave a presentation at the opening of the…
Speech: Meg O’Neill Address to the 2025 Australian Energy Producers Conference & Exhibition | Australian Energy Producers Skip to content Source link
French integrated energy company TotalEnergies announced on Sunday first oil production from the fourth development phase of the Mero-4 field on the Libra block in the pre-salt are of the Santos Basin, Brazil. This start up brings total production rates to a capacity of 770,000 barrels per day (bbl/d) through five Floating Production, Storage, and Offloading (FPSO) units. Once reaching full capacity, TotalEnergies will attain around 100,000 barrels of oil equivalent per day (boe/d). The Mero-4 phase, launched in August 2021, connects 12 wells to the Alexandre de Gusmão FPSO unit, which has a production capacity of 180,000 bbl/d. “The…
Iranian and American negotiators were poised to meet in Rome as MEES went to press for the fifth round of indirect nuclear negotiations, mediated by Oman. The discussions so far do not appear to have moved the needle closer to an agreement and the two sides remain far apart on the issue of enrichment. Tehran is hoping that a new agreement, which would replace the 2015 Obama-era JCPOA that President Donald Trump exited in 2018, will lead to the lifting of crippling US sanctions. But despite President Trump’s periodic bullish statements, the signals are not encouraging. Should a deal be…