Author: Rigs & Barge World
In the continuation of a decade-long trend, Bahrain’s crude output slumped to a new low of 177,000 b/d for 2024 according to recently released Jodi data (see chart). 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
bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. According to the company’s statement, the contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The final agreement was signed in a meeting in Baghdad with Iraq Prime Minister Mohammed Shia’ Al Sudani, Hayan Abdul Ghani, Deputy PM for Energy Affairs and Minister of Oil, and bp chief…
The number of women on the boards of top Canadian producers has more than doubled in the past five years. At the end of 2023, 79 women and 212 men held director positions on 34 Canadian oil and gas companies producing over 10,000 boe/d, compared to 38 women and 232 men in 2018, according to new data from Evaluate Energy. ESG analyst Ayesha Shingruf said there has been steady growth in gender representation in Canada’s oil and gas industry. Just five years ago, 16% of the board positions of these larger producers were held by women. In 2023, the number…
Since his return to power on January 20, President Trump has been making waves, particularly with his recent phone call to President Putin of Russia on Wednesday, which has sent shockwaves through European political circles.“President Putin agreed to end the war,” Mr Trump announced in an upbeat tone, following a 90-minute conversation with his Russian counterpart. This statement set off a flurry of diplomatic activity, much to the chagrin of European leaders and Ukrainian President Zelensky, who was notably left out of the loop.The most significant impact for Mr Zelensky was the U.S. decision to block Ukraine’s NATO membership aspirations.…
Drilling rig operation report also called daily drilling report or DDR contain several acronyms. These acronyms minimize drilling report size and make it easy to read and understand. Without these abbreviation drilling report will look massive text contents and reader will feel boring. Let see some mostly used acronyms in oil and gas drilling rig operational game plan and daily drilling report.DP -Drill pipeHWDP– Heavy weight drill pipeDC– Drill collarBOP– Blow out preventerTDS– Top drive systemWOB-Weight on bitROP– Rate of penetrationGPM– Gallon per minutesSPP– stand pipe pressureVFD – Variable frequency driveSCR-Silicon controlled rectifierAC-Alternating currentDC– direct current RIH – Run in holePOOH– Pull…
Egypt’s extraction activities witnessed a 9.2% decline in growth as a result of the contraction in oil and natural gas activities during Q2 of the fiscal year (FY) 2024/25. This comes as oil activities declined by 7.5% and natural gas activities decreased by 19.6%, according to a statement from the Ministry of Planning and Economic Development and International Cooperation. However, the positive impact of investments in new discoveries and in the development of production fields is expected to appear during the upcoming period. This comes as the Ministry of Planning and Economic Development and International Cooperation announced the results of…
Transcript: Samantha McCulloch on Sky News with Chris Kenny – Victoria’s plan to import LNG | Australian Energy Producers Skip to content Source link
North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028. If the 10 projects currently under construction all go ahead as planned, capacity will increase from the current 11.6 billion cubic feet per day (bcf/d) to 24.4 bcf/d in 2028. A handful of other projects have also recently reached final investment decision (FID) and are due to start construction this year. Source: Evaluate Energy and company websites The EIA expects U.S. LNG exports to increase by nearly 2 bcf/d in 2025 as export capacity grows with three new U.S. projects due…
Since President Trump announced a cordial discussion with President Putin aimed at ending the Russia-Ukraine war, tensions have escalated between the United States and key European Union members, revealing a growing ideological divide.The discord, initially sparked by Europe’s exclusion from U.S.-Russia talks, reached a boiling point during the Munich Security Conference, an event intended to address pressing global security challenges. Instead, it devolved into a heated confrontation among Western allies, triggered by a blunt speech from U.S. Vice President J.D. Vance. Vance openly criticized Europe, condemning what he described as the erosion of free speech and an unacceptable rise in…
The oil rich states of the GCC are engaging in large-scale investment diplomacy with the US in order to secure their relationships with the new Trump administration. Following Saudi Arabia’s earlier pledge to invest $600bn – or was that $1 trillion? – in the US over four years (MEES, 31 January), the UAE this week pledged $1.4 trillion over ten years. The new investment framework will focus on AI infrastructure, semiconductors, energy, and American manufacturing. Investments on such a scale are unlikely to ever be realized, but both countries are still expected to invest heavily in the US. The UAE…