Author: Rigs & Barge World

As the recent conflict between Israel and Iran raged, the world fixed its eyes on the Gulf. Missiles fired across the world’s most important oil producing region raised the specter of global economic shocks. While the fate of roughly 14mn b/d of crude and condensate exports from the region topped international markets’ concerns, the episode also highlighted the Gulf’s growing role as a supplier of refined products on which regions like Europe depend. Gulf oil producers in recent years have built up their refining capacity with a string of new refineries and big-ticket upgrades (MEES, 30 May). Meanwhile, Europe has…

Chairman of the Egyptian General Petroleum Corporation (EGPC), Salah Abdel Kerim, visited three refining companies in Alexandria: the Middle East Oil Refinery (MIDOR); Amreya Petroleum Refining Company (APRC); and Alexandria National Refining and Petrochemicals Company (ANRPC). During the visit to the MIDOR refinery, the plant’s strategic expansion efforts were reviewed, aiming to boost local production and reduce reliance on imports. MIDOR Chairman Amr Lotfy presented the status of this expansion, particularly after the completion of the project designed to increase refining capacity by 60%. The expansion is expected to reduce the import bill and save foreign currency. Abdel Kerim emphasized…

Media release: East coast gas market review an opportunity to strengthen investment and increase supply | Australian Energy Producers Skip to content Source link

Agiba Petroleum’s Chairman, Tharwat El Gendy, presented the company’s performance results for the period spanning July 2024 to June 2025. He confirmed that daily production peaked last May, reaching 44,196 barrels of oil equivalent per day (boe/d). The company’s immediate goal is to maintain an average daily production of 30,000 boe/d throughout the upcoming fiscal year 2025/26. He revealed these figures during a meeting, which was attended by Minister of Petroleum and Mineral Resources Karim Badawi, held at the company’s headquarters in Nasr City. The meeting was also attended by the company’s leadership, as well as officials from IEOC Production…

An ongoing dispute over Eastern Mediterranean maritime borders has come into the spotlight this week as Libyan authorities object to a Greek hydrocarbons exploration tender for blocks south of Crete which extend into contested waters claimed by Libya. Relations between the two countries have been strained since 2019, when the Tripoli government signed a controversial maritime border agreement with regional ally Turkey, shifting the borders of their continental shelves to connect their offshore waters at the expense of Greek and Egyptian claims (MEES, 22 May 2020). (CONTINUED – 968 WORDS) Read this article for free Gain access to over 60-years…

Minister of Petroleum and Mineral Resources Karim Badawi issued a decision to appoint new leaders in the petroleum sector companies. Medhat Shaaban Wafky Masaad El-Zoghbi was appointed Assistant Vice Chairman for Planning and Project Control at Ganoub El Wadi Petroleum Holding Company’s (Ganope). Yasser Mohamed Mohamed Faiq was assigned the role of Vice Chairman for Financial and Commercial Affairs and a Board Member at Ganope. Iman Nabil Hassan El-Deeb was assigned to manage the social responsibility activities at the Egyptian General Petroleum Corporation (EGPC). Source link

Morocco’s renewable energy plans this month received several boosts from major European partners, with energy minister Leila Benali this week announcing an ambitious target of 20GW as the country positions itself as a regional leader in renewables. 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

Shell and PETRONAS’ Burullus Gas Company brought the Siena DE development well online three days ahead of schedule. This achievement marks the first milestone in the 11th phase of the West Delta Deep Marine (WDDM) project. The actual well testing results validated previous engineering studies, achieving natural gas production rates of 40 million cubic feet per day (mmcf/d). The eleventh phase of the project is designed to increase the company’s output by up to 130 mmcf/d of natural gas through a development plan that includes drilling three new wells. This expansion will significantly enhance domestic natural gas production, especially during…

Egypt has gradually resumed pumping natural gas to industrial sectors that were temporarily shut down in recent days amid the fallout from the Israel-Iran conflict. The government has activated an emergency plan to prioritize natural gas allocations few hours after the beginning of the war. This involved halting natural gas supplies to some factories and increasing diesel consumption by power plants to the maximum level. The Minister of Petroleum and Mineral Resources, Karim Badawi visited on Friday the main control center of the national natural gas network operated by the Egyptian Natural Gas Company (GASCO) in New Cairo to oversee…

Iran’s 14 June missile strike on Israel’s largest refinery, the 197,000 b/d Bazan at Haifa in the north threw the government’s conflict preparation plans into immediate disarray. Damage from the strike forced the plant offline at the same time as the country’s only other refinery, the 100,000 b/d Ashdod in the south, was offline for scheduled maintenance. The Bazan Group initially sought to downplay the scale of the damage, but eventually had to disclose the extent in a 16 June submission to the Tel-Aviv Stock Exchange (TASE). (CONTINUED – 806 WORDS) Read this article for free Gain access to over…