Author: Rigs & Barge World
Petroleum Minister Karim Badawi toured the SUMED and Sonker ports in Ain Sokhna, accompanied by senior officials from the petroleum sector. The visit included inspections of preparations to receive and dock floating regasification vessels carrying imported liquefied natural gas, as well as gas pipeline projects connecting these vessels to the national gas network. Badawi first inspected the terminal where the Høegh Gallion Floating Storage and Regasification Unit (FSRU) is currently docked to ensure work progress and operations of unloading LNG from the ship, followed by its conversion into a gaseous state in order to pump it to the national gas…
Libya’s NOC on 16 May assured partners that operations at “all oil fields and terminals” were proceeding “normally and safely” amid concerns over violent clashes that have ripped through the capital Tripoli since early last week (MEES, 16 May). “[NOC], reassures its local and international partners that oil and gas production and export operations are continuing smoothly and without interruption at all its subsidiaries,” the state firm said. (CONTINUED – 898 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 from high-level officials Assess…
Aramco, one of the world’s leading integrated energy and chemicals companies, launched the first megawatt (MW)-scale renewable energy storage system using Iron-Vanadium (Fe/V) flow battery to store solar power for natural gas well operations. The 1-MW/hour flow battery system is installed in Wa’ad Al-Shamal, in western Saudi Arabia, to support up to five wells over its projected 25-year lifespan. The company said that this solution is expected to be efficient and cost effective. It is designed to cope with the high temperature in Saudi Arabia and has the ability to achieve optimal performance under extreme weather conditions, The battery system is…
Leading Canadian clean-tech company, Borna Membrane Solutions (SCD) plans to invest $40 million to establish a facility to manufacture flare gas recovery systems, carbon separation technologies, and reinjection solutions for the Egyptian natural gas network. This came during a meeting of the President of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, with a delegation from Borna to discuss localizing the company’s technology in Egypt, in alignment with the government’s strategy to reduce carbon emissions. The company’s CEO, Sam Salimi Beni, noted that carbon captured and stored will allow local companies to benefit from trading carbon credits…
Media release: Australia at risk of losing its energy edge as gas investment stalls, report finds | Australian Energy Producers Skip to content Source link
Qatar’s energy sector is on the edge of a new era, with the first portion of its huge LNG expansion project due to come online by the middle of next year. Although this marks a slight delay from planned Q1 start-up, the first new volumes will still be a seismic development for Qatar as it pushes capacity beyond the current 77mn t/y. That 77mn t/y landmark was reached in 2010 and positioned Qatar as the world’s largest LNG exporter for a decade before it was eventually overtaken by Australia and then the US. Under QatarEnergy’s three phase expansion project, domestic…
Iraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to develop the Iraqi Tuba field and increase its production from 20,000 b/d to 100,000 barrels per day (b/d) , according to Reuters. The project will also include establishing a refinery with a capacity of 200,000 barrels, a petrochemical plant and a fertiliser plant , the Iraqi Oil Minister Hayan Abdel-Ghani, told the news agency. Geo-Jade Petroleum announced, on Friday, that it plans to invest about $848 million in the South Basra integrated project.The company has won a bid last year to develop…
Prime Minister Mostafa Madbouly met with John Ardill, Vice President of Global Exploration at ExxonMobil, at the government headquarters in the New Administrative Capital to review the status of several concession areas that are affiliated with the company in Egypt. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Amr Abou Eita, Chairman and Managing Director, at ExxonMobil Egypt; and a number of company officials. The Prime Minister began the meeting by emphasizing that ExxonMobil is a strategic partner for Egypt in the energy sector. The meeting discussed the status of several of the company’s concession…
Whilst Iran’s controversial nuclear program is typically assessed from a geopolitical perspective, its viability as a component in Iran’s electricity sector often goes overlooked. Increasingly common blackouts reveal woeful power shortages and sparked protests in January (MEES, 24 January) which will continue to grow worse absent substantial investment. On paper, Iran has 74GW of thermal power capacity out of a total of 91.2GW, which primarily runs on natural gas. In reality available thermal capacity typically peaks just above 50GW. As well as nuclear, Iran also has 12GW of hydropower capacity – which is struggling with drought – and around 1GW…
Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by Mohamed El-Zamlout, Governor of New Valley, and several members of the Parliament, led an inspection tour of Misr Phosphate Company’s phosphate production projects in the Abu Tartour plateau, New Valley Governorate. They also followed up on the work progress in the phosphoric acid production project. During the tour, Misr Phosphate Chairman, Mohamed Abdel Azim, presented a historical overview of the discovery of phosphate ores in the Abu Tartour area. He reviewed the company’s current plans for developing exploration activities, production, and phosphate ore reserves, all aimed at maintaining the company’s…