Author: Rigs & Barge World
Kunna, in the far south of Salten, is a modern shallow marine depositional environment, where the beach to the north (left) is far more affected by waves and wind than the one to the south (right). (Photo: Fridtjof Riis, The Norwegian Offshore Directorate) 06/09/2024 The authorities have received applications from 21 companies in the Awards in predefined areas (APA) 2024. The deadline for applications was 3 September. “It’s gratifying to see the continued significant interest in exploring new acreage in mature areas on the Norwegian continental shelf (NCS), even in light of…
Libya’s crude output hit 1.38mn b/d for 1Q 2025 according to MEES estimates, the highest quarterly figure since early 2013. These decade-highs follow ongoing development drilling and infrastructure upgrades as the country aims to boost output to 1.6mn b/d by end-2025 and 2-3mn b/d by the end of the decade (MEES, 31 January). And while final 2024 figures show a slight slump from 2023’s 13-year high of 1.18mn b/d (see chart) to 1.12mn b/d (MEES, 3 January), following several politically-motivated shut-ins (MEES, 4 October 2024), output has since rebounded with further gains from new additions and drilling campaigns, which had…
Emarat Misr Petroleum Products Company held its general assembly in the presence of Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and approve the results of 2024. During the meeting, the company’s General Manager, Mohamed Gomaa, explained that the company has realized many of its objectives, and was able to provide a safe working environment in the 17 stations it owns across Egypt. Furthermore, the company is preparing to implement further expansions by establishing 10 new stations in several governorates. Their operation is expected to take effect gradually. He also shed light on the Company’s project for aircraft…
10/09/2024 The Norwegian Offshore Directorate is organising an exploration seminar in Stavanger on 23-24 October. The agenda has now been announced. You can read the program and sign up here. The objective of the event is to highlight challenges and opportunities linked to exploration in the Barents Sea, as well as to stimulate more exploration activity in the area. The seminar primarily targets employees working for the resource authorities, licensees and suppliers. Updated: 10/09/2024 Latest news An APA overview 09/04/2025 Through APA the industry has gained regular access to…
During the weekly press conference, Prime Minister Mostafa Madbouly announced that there will be no electricity load shedding in the summer of 2025, affirming the government’s full preparedness to manage the anticipated increase in electricity demand. In a phone interview on Yahdoth Fi Masr, Mohamed El-Homsani, the official spokesperson for the Egyptian Cabinet, echoed the Prime Minister’s assurances. He noted that the government has been working tirelessly across several fronts to prevent any recurrence of power outages this summer. “Despite the financial costs, the state is committed to securing all necessary funding to ensure uninterrupted power supply,” El-Homsani said. He…
Hong Kong-listed independent United Energy Group (UEG) produced a record 108,000 boe/d on a working interest basis last year, driven by booming production from its Iraq assets. Iraq consolidated its position as the firm’s largest production source last year, ahead of Pakistan, and accounted for more than 50% of its production last year for the first time. The upshot of this is that UEG’s portfolio is also becoming increasingly oil-weighted. All UEG output came from Pakistan until it entered Iraq and Egypt via its 2019 purchase of Kuwait Energy. Whilst the firm’s Pakistan output was and remains gas-focused, Iraqi gains…
Prime Minister Mostafa Madbouly witnessed the signing of several cooperation agreements between the Sovereign Fund of Egypt for Investment and Development (TSFE), the National Service Projects Organization of the Armed Forces (NSPO), and a group of specialized local and international consulting firms. The agreements pertain to the restructuring and management of the planned offering of several NSPO-affiliated companies. The ceremony was held in the presence of Hassan El-Khatib, Minister of Investment and Foreign Trade. Following the signing, it was noted that these agreements fall within the framework of measures taken by relevant state bodies to implement the government’s offerings program.…
10.09.2024 Sokkeldirektoratet har publisert en forbedret og utvidet versjon av listen «Regelverkspliktig innsending av materiale og opplysninger». Listen «Regelverkspliktig innsending av materiale og opplysninger» (Excel) er nå tematisk ordnet, gir en oversikt over data og informasjon som må sendes til/kopieres til Sokkeldirektoratet, og det er knyttet opp flere veiledninger. Oversikten har vært etterspurt i næringen, og Sokkeldirektoratet ønsker å videreføre og videreutvikle listen. Oversikten er ikke uttømmende/fullstendig og Sokkeldirektoratet vil sette pris på innspill som kan forbedre listen. For innspill, send en e-post til factweb@sodir.no. Det anbefales at listen åpnes med skrivebordsprogrammet til Excel, heller…
Eni CEO Claudio Descalzi said on Tuesday that Eni plans to invest about €8 billion in Egypt over the next four years, as reported by Reuters. However, further details regarding the investment have not been disclosed. The company will also invest €8 billion in Algeria and Libya over the same period, bringing the total to €24 billion ($26.24 billion) utilized to boost the region’s energy production. Descalzi emphasized that the three countries have the potential to play the role of hydrocarbon suppliers for Europe but require extra investment to expand their energy production and meet rising domestic demand. “Internal demand…
1: Global LNG Exports Reach An All-Time High On The Back Of Surging US Volumes (mn tons) 2: Asian* LNG Imports: Volumes Drop 9% Year-On-Year To Their Lowest Q1 Level Since 2019 (mn t) 3: European TTF Prices ($/mn btu): Well Below Their 2022 Peak But Creeping Up 4: The EU’s Gas Stocks Reached A Three-Year Low (% Full)… 5: …Prompting Record European Imports Of LNG From The US (mn tons) Source link