Author: Rigs & Barge World

The fourth edition of the Egypt International Mining Forum is set to take place on July 15-16 at The Nile Ritz-Carlton in Cairo to explore the challenges, opportunities, and strategies needed to position Egypt as a leading global mining hub. It will host ministers, policymakers, major local and international companies, and investors leading the mining industry. Organized by the Ministry of Petroleum and Mineral Resources (MoPMR) and inaugurated by Minister Karim Badawi, the forum aligns with MoPMR’s third pillar focused on maximizing the value of Egypt’s mineral wealth and boosting the sector’s contribution to economic growth to 6% by 2030.…

Saudi Arabia’s oil export revenues fell sharply to a near-four year low in April, as the kingdom’s core industry was hit hard by the fallout from US President Trump’s ‘Liberation Day’ tariff announcements. The latest government statistics show that oil export revenues dropped by $1.3bn in April to just $16.5bn, the lowest monthly figure since June 2021 (see chart 1 & 2). 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

Oman’s Main Oil Line, carrying crude oil and condensate 1,500km across the country was once described as the ‘economic Nile’ of the sultanate; from its flows, all economic activity feeds. Even sectors not directly linked to the production or sale of oil, like construction or finance, benefit from the steady stream of contracts and business. And for the state, it is by far the main source of income, accounting for 70-80% of revenues. In times of high oil prices, a strong flow of revenues fills coffers and washes away government reform plans to create new, diversified streams of revenue. When…

Energy is no longer just an economic commodity — it has become a strategic instrument of diplomacy that fosters stability and peace in international relations. Through infrastructure investments, resource diversification, and multilateral cooperation, Türkiye has transformed energy into a vital pillar of our foreign policy, connecting and reassuring our region and beyond. Türkiye is uniquely positioned as an energy hub bridging Europe and Asia, and can now play a significant role in Syria’s reconstruction. Despite the challenges Syria has faced over the years, the country retains significant strategic energy assets and occupies a crucial geographic position as a potential transit…

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Algeria Awards Five Out Of Six Blocks In 2024-25 Bid Round 1: Algeria’s Oil Output Is Down 300,000 b/d Since The Last Bid Round In 2014, With The Fall Only Partly Due To Opec+ Output Restrictions* (‘000 b/d) 2: Algeria’s Top Foreign Producer (‘000 boe/d, Net): Eni Has Extended Its Lead With Successive Purchases Over 2022-24 Algeria Awards Five Exploration Licenses In ‘Successful’ Bid Round Source link

Israel extended its military offensive against Iran to the Islamic Republic’s gas sector on 14 June, striking onshore gas facilities near the industrial hub of Assaluyeh. Israeli drones damaged processing facilities for South Pars Phase 14 on the coast and the nearby Fajr Jam gas plant, around 20km inland. This marked Israel’s first such strike against Iranian oil and gas assets, although for now it has refrained from following it up with additional such strikes. It has also not targeted Iran’s more high profile crude oil production and exports sector. (CONTINUED – 644 WORDS) Read this article for free Gain…

During an extraordinary session, the ordinary general assemblies of the Petroleum Projects and Technical Consultations Company PETROJET and the Engineering for the Petroleum and Process Industries (ENPPI) approved taking part in financing the phosphoric acid production plant project in the Abu Tartour plateau, New Valley. The assemblies also approved the signing of the shareholders’ framework agreement and all contracts necessary to begin implementing the project with a production capacity of 250,000 tons annually in its first phase. During the assembly meeting, which was attended by Minister of Petroleum and Mineral Resources Karim Badawi via video conference, Waleed Lotfy, Chairman of…

Ganoub El Wadi Petroleum Holding Company’s (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence of Karim Badawi, Minister of Petroleum and Mineral Resources. The agreement aims to implement a 2D seismic survey project in areas of the Southern Western Desert using advanced land node technology, with operations scheduled to begin in the coming weeks. This comes in light of the significant development in Egyptian-Saudi relations in the petroleum and mining sectors. Badawi stated that this project marks a significant milestone in unlocking new…

The aggressive expansion strategy of Adnoc’s international subsidiary XRG continues apace, with the firm bidding to take over Australian LNG firm Santos. XRG heads a consortium of Abu Dhabi sovereign wealth fund ADQ and global investment firm Carlyle which has put forward a “non-binding indicative proposal” to purchase the firm for $18.7bn. The 16 June announcement came shortly after XRG’s board approved its mandate to secure 20–25mn t/y of LNG capacity by 2035; as well as XRG’s net equity in LNG projects, this includes offtake deals with third-party projects (MEES, 6 June). (CONTINUED – 995 WORDS) Read this article for…