Author: Rigs & Barge World

Oman’s state grid operator Oman Electricity Transmission Company (OETC) supplied a record 1.855 TWh of renewable power in 2024, up 11% from the previous year, the firm says in its annual Sustainability Report, released 29 March. This increase was not due to any new capacity additions. Instead, all the renewable power supplied came from the existing 500MW Ibri II solar plant and the 50MW Dhofar wind project. But renewable generation should nearly triple in 2025 after the start-up of the combined 1GW Manah I and II solar plants in January (MEES, 24 January). The 2024 total equates to an average…

16/10/2024 The Norwegian Offshore Directorate has reviewed around 800 wells and revised the top and bottom for the Utsira Group and the Skade Formation, to ensure consistency. This revision is beneficial for planning of CO2 storage in the Utsira Group and Skade Formation in the North Sea. There are high volumes of sand in the young part of the stratigraphic sequence in the North Sea, in the area between Sleipner in the south and the Møre Basin at 62 degrees north. Most of this sand was deposited in Miocene time. Small volumes of…

Minister of Petroleum and Mineral Resources, Karim Badawi, issued a decision appointing Mohamed Said Radwan as Vice Chairman of Ganoub El Wadi Petroleum Holding Company’s (Ganope), in addition to his original duties. This decision falls within the framework of the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy, which focuses on enhancing search and exploration activities, expanding their scope across Egypt, and accelerating production, particularly in Ganope-operated areas in the southern Western Desert and the Red Sea. Additionally, the strategy aims to open new investment horizons for promising areas, as well as provide more seismic data for…

Colleagues Eli Bjørkum and Omar Ali encourage you to sign up for the news alert. 12/11/2024 Did you know that you can receive alerts about our news items straight to your inbox? You can subscribe to news alerts in one or more of five different categories: Exploration drilling results Drilling permits Production figures General news FactPages and FactMaps – technical information We regularly publish exploration drilling results and drilling permits, while production figures are published once a month, around the 20th. Our general news varies from information about topics such as awards in pre-defined…

Prime Minister Mostafa Madbouly held a meeting to follow up on a number of topics related to Egypt’s energy portfolio. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Mahmoud Esmat, Minister of Electricity and Renewable Energy; and Ahmed Kochouk, Minister of Finance. At the beginning of the meeting, Madbouly pointed to the attention the state gives to the energy sector, considering its role in meeting the various needs and requirements of the productive and consumer sectors. In this context, the Prime Minister affirmed his continuous follow-up of the various efforts of the concerned authorities to…

Saudi Arabia has decommissioned its oldest Independent Water and Power Project (IWPP), the Shuaibah-3 plant, replacing it with the more-efficient Shuaibah-3 reverse osmosis (RO) facility. The move is symbolic of Saudi Arabia’s ongoing efforts to upgrade its energy-intensive utilities sector, with the old oil-fired Shuaibah plant replaced with a new grid-connected facility with its own captive solar power capacity. The original Shuaibah 3 plant was operated by the Shuaibah Water and Electricity Company (SWEC: PIF 32%, SEC 8%, Acwa Power 30%, Malakoff 24%, TNB 6%) under a 20-year PWPA (power and water purchase agreement), with operations starting in 2010. SWEC…

Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt. Egypt Gas Company has a clear footprint and an important role in implementing the six pillars of the ministry’s current strategy, said Badawi. These pillars involve providing citizens’ need of petroleum products with the lowest costs through boosting oil and gas production via intensified exploration activities, infrastructure optimization, accelerating renewable energy integration to achieve 42% green energy in Egypt’s mix by 2030, strengthening regional cooperation to…

19/12/2024 On 9 January 2025 at 10:00 o’clock, you can hear the figures, trends and stories straight from Director general Torgeir Stordal. The Shelf in 2024 is a summary of activity on the Norwegian continental shelf (NCS) over the past year: Exploration results, annual production figures and investment and production forecasts for the next five years. The shelf has seen vigorous activity this year. Keywords include high investments, significant oil and gas production, increasing interest in storing CO2 on the NCS and ongoing efforts to learn more about seabed minerals. Future value creation…

The UAE’s Crescent Petroleum and Dana Gas announced on 3 April that expected completion of work to add 250mn cfd capacity to the Khor Mor gas field has been brought forward to 1Q 2026. The expansion project for the field in Iraqi Kurdistan, which is currently producing nearly 525mn cfd, had been scheduled for 2Q 2026 (MEES, 7 February). Khor Mor is operated by Crescent Petroleum and Dana Gas on behalf of the Pearl Consortium, which also includes OMV, MOL and RWE. Pearl also has the license to the nearby Chemchemal field, and the partners now say that following the…

As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port. The terminal was established as one of Egypt’s most important strategic hubs on the RedSea coast, alongside SUMED facilities for receiving, exchanging, and storing petroleum products and imported liquified natural gas (LNG), and pumping it back into the national grid after regasification. Badawi asserted Egypt’s full support for efforts to develop and enhance the infrastructure for storing and trading petroleum products, enhancing Egypt’s role as…