Author: Rigs & Barge World

Power system is a one of the most important  part  of drilling rig because it is needed to power up all drilling rig systems (rotary, circulating, hoisting, blow out preventer and monitoring systems etc.)Depending on rig horse power, there can be three or four engine Generator set. All these engines run on diesel fuel and mechanical power produced by diesel engine is used to run generator, these generators convert mechanical energy given by diesel engine to electricity. This electricity produced by all these engine generator set is given to power distribution system; power distribution system can be   SCR or VFD.SCR…

The Cabinet approved the draft budget for the fiscal year 2025/2026, which is set to be forwarded to the House of Representatives (the Parliament) for discussion and endorsement. The budget outlines a total revenue of approximately EGP 3.1 trillion, with expenditures reaching EGP 4.6 trillion, reflecting a rise of 19% and 1 8%, respectively. During the meeting, Minister of Finance Ahmed Kouchouk highlighted the target of achieving a primary surplus of EGP 795 billion, representing 4% of GDP, and reducing the public budget debt to 82.9%. Referring to President Sisi’s directives of increasing spending on health, education, and social protection sectors…

 Source: US-BLSOn Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. By 17:00 GMT, West Texas Intermediate (WTI) reached $72.18 per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)—a threshold not crossed in months, despite the Northern Hemisphere emerging from winter. Graphics: www.oilfutues.co.ukThis uptick defied expectations, as U.S. crude oil inventories grew, a factor that typically depresses prices. Analysts attribute the anomaly to geopolitical uncertainty, particularly the souring U.S.-Europe relationship over Ukraine. Inflation Under President Trump: Early ChallengesDuring his 2024 campaign,  President Trump spotlighted inflation—then elevated…

European and Asian liquefied natural gas (LNG) pricing dynamics and geopolitical events will dictate both the volume and destinations of gas exported from U.S. and other North American LNG export terminals in 2025.  Traditionally the Middle East — principally Qatar — has met LNG demand from northeast Asia, while U.S. exports have been targeted at Europe.   Around 70% of Qatari LNG exports headed to Asia in 2023, according to the Middle East Institute, while 64% of U.S. exports headed to Europe, based on U.S. Energy Information Administration (EIA) data.   But U.S. and other North American exporters are increasingly targeting…

Media release: Industry welcomes Federal Opposition’s commitment to provide more certainty for critical gas projects | Australian Energy Producers Skip to content Source link

Freshly released official stats show Oman generated record export revenues from its downstream operations for 2024 including a record $7.12bn for refined oil products, double 2023’s $3.51bn (see chart). This was driven by the first full-year operations of the 255,000 b/d Duqm refinery which exports all of its output (MEES, 14 February). LNG exports raised a strong $6.57bn, down from $7.70bn in 2022, but still high on the back of record exports (MEES, 24 January). Together these accounted for an all-time high 35% of oil and gas export revenue. But crude and condensate exports continue to dominate trade revenues at…

DNV has released DNV-RP-0670 Asset information modelling framework to improve asset information management in the energy sector. This recommended practice (RP) addresses challenges in engineering assets by enhancing information flow among organizations, individuals, and IT applications. It tackles issues caused by the lack of standardization and reliance on documents for information exchange. “To achieve good digital interaction, both people and machines must speak the same language. In close collaboration with key industry players, DNV has developed an RP that enables more precise and efficient information exchange,” says Lillian Hella, DNV’s project manager for the RP. DNV-RP-0670 is designed for operators, facility…

Evaluate Energy Documents has been significantly expanded to include 30+ years of financial and operating filings for upstream oil and gas companies. The database uses industry-specific search algorithms to surface exact visual data and commentary located within every document. This fast-tracks analysis of financial performance, ESG, hedging, M&A, operational and asset level information. This interactive database of 300,000+ documents filed by publicly listed operators globally includes: Annual and quarterly reports Corporate presentations Annual information forms Reserve reports Guidance ESG/sustainability reports Press releases Customizable email alerts are available for all document types and search terms. “The proprietary oil and gas algorithms…

Crude oil prices experienced a notable decline on Wednesday, reversing gains from recent days driven by supply concerns. These concerns stem largely from ongoing US efforts to restrict Iranian oil exports, particularly to China.Despite previous administrations’ pledges to increase domestic oil production to combat inflation, the US has struggled to significantly impact global prices. Consequently, the current administration is pursuing a strategy of encouraging increased production from other sources. This includes urging OPEC+ nations to boost output and facilitating oil supply from the Kurdish region of Iraq.Furthermore, the US is working to streamline domestic oil production by removing regulatory obstacles.…

We have following types of mud losses while well drilling on drilling rig.  Surface mud losses mean mud loss due to surface equipments like shale shakers, desander, desilter, mud cleaner and centrifuge. Solid control equipment do not discard dry solid, there is limited liquid portion of mud that  is also discharge with cutting or solid. This drilling fluid loss with cutting or solid being exit from solid control equipment is called surface mud or drilling fluid loss. We can minimize surface  loss of mud on oil and gas well drilling by following steps.Use proper shale shaker screen. A good shale shaker screen…