Author: Rigs & Barge World
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. During the meeting, Badawi directed the company to maximize investment in human resources through training programs and accredited certifications, which contributes to raising professional efficiency and the company’s competitiveness. EPROM Chairman Hossam Asaad Hassanein reviewed the company’s results for the year 2024, where EPROM achieved a record net profit, the highest in its history, totaling EGP 1.096 billion, compared to EGP 697 million in the previous year,…
BP and Iraq have finalized the contract for the UK major to re-develop Iraq’s giant Kirkuk oilfield with Baghdad ratifying the deal on 26 March. BP CEO Murray Auchincloss says the deal opens “on our next chapter of production in the country.” BP already operates Iraq’s giant southern 1.45mn b/d-capacity Rumaila oilfield. Under the deal, BP will oversee integrated redevelopment of Kirkuk’s Baba and Avanah domes, as well as the neighboring Bai Hassan, Jambur and Khabbaz oil fields. Official data from early 2024 show these assets producing at just under 300,000 b/d crude and 400mn cfd wellhead gas output of…
President Trump has threatened to impose 25% tariffs on goods from Canada and Mexico starting Saturday, and 10% tariffs on Chinese goods. He cites a lack of cooperation from Canada and Mexico in controlling drug and migrant flows across the border. Despite these countries claiming efforts to manage these issues, President Trump remains unimpressed while pointing out existing trade deficits with these neighbors. Specifically, Canada’s exports to the US are $429.6 billion while imports are $352.8 billion, creating a $45 billion deficit.Canadian leaders have indicated that they might retaliate, while Mexico’s President Claudia Sheinbaum has plans, A,B and C, in…
A wave of consolidation through mergers and acquisitions in the U.S. upstream sector has enabled operators to improve production efficiency. ExxonMobil stands out as a recent example, with fellow U.S. producers Expand Energy, Devon Energy, Diamondback Energy and Permian Resources all looking to benefit from recent acquisitions of their own. Deal making enables companies to gain economies of scale as well as new technical expertise and can offer greater flexibility in directing labor and expenses to better assets. The third quarter of 2024 was ExxonMobil’s first full quarter of production following its acquisition of Pioneer Natural Resources. Source: ExxonMobil…
Opinion article by Samantha McCulloch in the West Australian on natural gas powering the WA economy | Australian Energy Producers Skip to content Source link
There are two drive systems used on rotary drilling rig. These are Kelly drive and top drive system. In this post we will go through of kelly drive versus top drive system. Top drive system is also known as TDS. In kelly system, Rotary table provide rotation. Whereas in TDS, String is rotated with TDS motor. Kelly drive is Cheaper but also slow , inefficient and unsafe. Whereas . Top drive system is Expensive but Fast, efficient, and safe. Kelly drive system is capable to drill with one single drill pipe. On other hand TDS is capable to drill…
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the general assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year. During the meeting, Enppi Chairman Wael Lotfy stated that the year 2024 was full of achievements, as the head of Enppi explained that the company implemented major projects both domestically and internationally with the highest rates of quality and safety, including 10 projects outside of Egypt in the Kingdom of Saudi Arabia, the United…
President Trump, never one to shy away from the spotlight—or a podium—dropped what might be his most audacious bombshell yet while signing a flurry of executive orders on Tuesday. If there’s one thing Mr Trump loves more than a good tweet, it’s a public signing ceremony, and this one did not disappoint.Among the stack of documents Mr Trump put his signature on, two stood out like neon signs in a desert: his memorandum on a “maximum pressure” strategy against Iran and his bold vision for the Gaza Strip. It’s safe to say both announcements had people talking—whether in awe, confusion,…
Deeper insights into oil and gas executive salaries, ESG-related performance bonuses, and board representation based on Indigenous background and gender, are now available. Evaluate Energy’s ESG database contains detailed corporate governance metrics for Canadian exploration and production companies from 2018 onwards. ESG analyst Ayesha Shingruf said this reflects increasing demand from industry stakeholders, analysts, investors, and the general public. “We are living in a rapidly changing environment with mounting pressure and expectations on industries such as oil and gas, and the need to adopt ESG practices and enhance sustainability efforts,” she said. “Given these expectations, companies must be rigorous in…
Media Release: WA gas industry congratulates Cook Labor Government on re-election | Australian Energy Producers Skip to content Source link