Author: Rigs & Barge World
Following his pledge in May to lift sanctions on Syria’s new government, Donald Trump signed an executive order on 30 June terminating the bulk of US sanctions on Syria, excluding those on “Bashar al-Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS or its affiliates, and Iranian proxies.” The directive also orders the state department to review the terrorist status of Hayat al-Shams (HTS) as well as Ahmed Sharaa, Syria’s current president. Mr Sharaa was previously the head of HTS, which was a Salafist-jihadist group affiliated with al-Nusra, itself a branch of al-Qaeda based…
LNG producers in the Gulf have signed short-term deals in recent days as they look to build their position in the global LNG market. On 4 July, QatarEnergy Trading inked a two-year deal with Australia’s Santos to receive 0.5mn t/y of LNG starting in 2026. The deal adds to QatarEnergy’s growing portfolio of LNG outside of its growing domestic supply. To date this has focused on volumes from the US which are set to surge when QatarEnergy Trading takes on marketing its parent company’s 70% equity stake in the 18mn t/y Golden Pass facility (MEES, 18 May). (CONTINUED – 185…
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Modern Gas conducted the first residential natural gas connection in Hammam City, Matrouh Governorate. The company plans to supply 8,000 homes with natural gas, making it the third city in the Governorate to receive natural gas. This comes as part of the national strategy to reduce household use of liquefied natural gas (LPG) cylinders and ease pressure on the state budget. Modern gas has extended an Intermediate pressure network with a length of 5142 meters with an operating pressure of 7 bar, and two horizontal directional drilling (HDD) crossings. It also has installed two gas regulators with a capacity of…
Burullus Gas Company brought the Sparrow West-1 development well online, he company adding it to the production map as part of Phase 11 of the West Delta Deep Marine (WDDM) project. This development aligns with the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy: maximizing domestic natural gas production to meet the needs of different economic sectors, as well as those of households. WWDM is managed by Rashid Petroleum Company (Rashpetco), in which the American oil giant Shell owns a stake. Sparrow West-1 marks the second well brought online for this phase, following the launch of Siena…
Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters. Two of the sources revealed that the discussions involve a potential supply deal of 2 million metric tons per year (mtpa) of LNG. The move comes as Aramco looks to expand its footprint in the growing global LNG market. Completing the transaction will allow Commonwealth LNG to move closer to its goal of selling 8 million tons per year from its planned 9.5 mtpa capacity. Additionally, two sources…
The Minister of Petroleum and Mineral Resources, Karim Badawi, met with Azerbaijan’s Minister of Energy, Parviz Shahbazov, to discuss joint cooperation opportunities between the two countries in the oil and gas sector. Both sides reviewed available capabilities and existing infrastructure to facilitate cooperation and knowledge exchange in means that serve mutual interests and strengthen economic partnership, the Ministry of Petroleum said on Wednesday. The meeting took place on the sidelines of the Ninth International Seminar organized by the Organization of the Petroleum Exporting Countries (OPEC) on July 9-10 in Vienna, Austria. The two Ministers explored cooperation opportunities in liquefied natural…
Under the theme ‘Accelerating Commercial Exploration, Discovery and Extraction’, the Egypt Mining Forum, to be held 15-16 July, is set to highlight recent policy shifts and regulatory reforms aimed at positioning Egypt as a strategic destination for mineral exploration. The forum will bring together stakeholders, investors, and policymakers to discuss Egypt’s mining sector and challenges to unlocking its potential. It will focus on unlocking investment opportunities in Egypt and across the Arabian Nubian Shield, while addressing geological challenges to access the untapped mineral resources, and highlighting the importance of creating an investor-friendly environment. Attendees will be able to listen to…
The growing gas trade between Israel and its southern neighbors in Egypt and Jordan over the past five years has been a radical geopolitical shift which shattered long-standing preconceptions given the traditionally frosty relations between the countries. The uncomfortable interdependence stands in marked contrast to the Gulf Cooperation Council (GCC), where cooperation over gas resources is in limited supply (MEES, 13 June). This interdependence creates vulnerabilities, and disruption to the trade risks significant economic damage for all parties involved. The 12-day Israel-Iran war that broke out last month highlighted this vulnerability, when Israel halted exports to its neighbors at the…