Author: Rigs & Barge World
Sudan has announced plans to rehabilitate its top refinery, the 100,000 b/d capacity al Jaili facility, along with the country’s power grid following substantial infrastructure damage caused by the ongoing brutal civil war. The energy ministry says repair plans will cover several transformer, distribution, and thermal stations across the capital Khartoum, which the army recently recaptured from rival militias (MEES, 18 April). (CONTINUED – 152 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 future risks and opportunities Source link
Iraq’s Midland Oil Company on 22 July signed a development contract with US oilfield services firm SLB to raise output at the 5.6tcf Akkas field in Anbar province to 100mn cfd. The award brings to and end an embarrassing episode following last year’s contract with Ukrzemresurs (MEES, 26 April 2024), which led to parliamentary and public scrutiny that resulted in the revocation of the contract to the little-known Ukrainian firm earlier this year (MEES, 16 May). SLB will add 60mn cfd, according to oil minister Hayan Abdulghani. Currently, all output of around 40mn cfd is piped with minimal treatment via…
UK Major BP announced on 21 July that it has appointed Albert Manifold as chairman, taking over from Helge Lund effective 1 October. Mr Manifold was CEO of international construction company CRH and non-executive director at Mercury Engineering. The appointment comes as the energy giant is trying to allay shareholder and market concerns with its strategic U-turn back to its core oil and gas business (MEES, 28 February). BP’s senior independent director Amanda Blanc lauded Mr Manifold’s “relentless focus on performance which is well suited to bp’s needs now and into the future.” (CONTINUED – 143 WORDS) Read this article…
UK major Shell announced on 23 July that it has taken a final investment decision on its Mina West gas discovery in Egypt’s offshore Mediterranean. The c.500bcf discovery was made in the North East El Amriya block in late 2023 (MEES, 24 November 2023). “The Mina West gas field will be developed as a subsea tie-back to the existing infrastructure of West Delta Deep Marine (WDDM), supporting the delivery of reliable energy to Egypt’s domestic gas market,” Shell says. (CONTINUED – 207 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into…
Buoyed by new political support, Kuwait’s KPC is optimistic that it is firmly on an upwards trajectory. KPC’s CEO sat down with MEES to disc… Source link
Baker Hughes’ financial results showed its revenues reaching $6.9 billion in Q2 2025 compared to $6.459 billion in the previous quarter in 2025 and to $7.526 billion Year-on-Year (YoY). According to the results, the revenues from the Middle East and Asia recorded $1.398 billion in Q2 2025, compared to $1.429 in Q1 2025 and $1.498 YoY. The net income attributable to Baker Hughes recorded $701 million increasing by 74% during Q1 2025 and by 21% YoY, according to the results. Moreover, Baker Hughes revenues from the product line amounted to $3.293 billion increasing by 12% sequentially and 5% YoY. “We…
US independent Occidental (Oxy) has a sizeable portfolio of upstream assets in Oman, but it has struggled to offset declines from aging legacy fields. Net crude output dipped to 56,000 b/d last year, well below its 2015 record of 82,000 b/d, while gas production of 63mn cfd was less than half of 2018’s record 139mn cfd. However, the firm has greatly expanded its position in Oman over the past decade, and is steadily securing gains from some of these new assets. In particular, its output has increased from Block 65 (Oxy 72.86%op, OQEP 27.14%) which it picked up in 2018…
Minister of Petroleum and Mineral Resources Karim Badawi met with ambassadors at the Ministry of Foreign Affairs’ headquarters, where he stressed his full commitment to collaborating with them to attract foreign and expatriate Egyptian investors, as well as open new avenues for Egyptian companies to expand internationally. Badawi reviewed the Ministry’s ongoing efforts to stimulate investment and growth in the petroleum, gas, and mining sectors, enabling diplomats to present an attractive image of Egypt’s investment climate. The Minister also affirmed that the Ministry’s investment stimulation measures have already restored the confidence of investors and halted the decline in production. Badawi…
BG International Limited, an affiliate of Shell plc (Shell), has made a final investment decision to develop the Mina West gas discovery in Egypt’s Mediterranean Sea. Accordingly, Shell (holding 60% stake) will operate the field alongside partner, KUFPEC Egypt Limited (KUFPEC) (holding 40%), working in close collaboration with the Egyptian Natural Gas Holding Company (EGAS). Discovered in October 2023, the Mina West gas field will be developed as a subsea tie-back to the existing West Delta Deep Marine (WDDM) infrastructure, ensuring a reliable energy supply for Egypt’s domestic gas market. “Investing in new production at Mina West expands our industry-leading…
UK major Shell has brought online the first two wells of its three-well Phase 11 West Delta Deep Marine (WDDM) project in Egypt’s offshore Mediterranean in recent weeks. The Siena DE well was brought online on 29 June, the oil ministry announced while the Sparrow West-1 came online on 10 July, with the wells adding 40mn cfd each. “Efforts are now focused on accelerating the development of the third well in this phase, aiming for it to come online by September,” the ministry says. Phase 11 is due to add a total of 130mn cfd to output, the ministry adds,…