Author: Rigs & Barge World
The energy markets are currently jittery as tensions escalate between nuclear-armed South Asian neighbours India and Pakistan, moving beyond mere rhetoric.Following a high-level meeting on Tuesday, April 29, with the chiefs of armed forces, the national security advisor, the Home Minister, and the Defence Minister, Indian Prime Minister Modi has reportedly delegated decision-making authority to the tri-services. They have been granted the autonomy to locate and neutralize those responsible for the deaths of 65 tourists in Kashmir last week.This delegation of authority echoes a similar instance in 2019, when, after a suicide bombing killed over 40 Indian soldiers, Prime Minister…
*China’s gas imports for the first quarter of 2025 slumped to 40.6bcm after reaching a record high 45.3bcm a year earlier. The ax fell on LNG, with volumes down 5.7bcm (21%) year-on-year, while cheaper pipeline imports increased by 0.9bcm (see table). Firm European demand pushed global spot LNG prices up at the beginning of the year causing Asian buyers like China to avoid incremental buying (MEES, 4 April). 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…
As part of the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy to attract investments, increase natural gas production, and create incentives for promising frontier, the Egyptian Natural Gas Holding Company (EGAS) has signed a preliminary Memorandum of Understanding (MoU) with ExxonMobil Egypt Upstream Ltd. to lay the foundation for a new system in the Cairo and Masry offshore concession areas in the Mediterranean. This is expected to be achieved through incentives that promote investment in high-risk frontier areas, given the challenges faced by companies operating in such zones. The Ministry has agreed to modernize the framework…
Woodside has announced a final investment decision (FID) to move forward with its Louisiana LNG development, a major project consisting of three production trains with a total capacity of 16.5 million tons per annum (Mtpa). The company is targeting first LNG production by 2029. Woodside’s project will enable the company to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, operating over 5% of global LNG supply. The development’s total capacity is 27.6 Mtpa and includes expansion potential for two additional LNG trains. Louisiana LNG represents a compelling investment that will deliver significant cash flows and create…
The first step in drill string design is designing a Bottom Hole Assembly (BHA). The BHA comprises various components that work together to enable drilling engineers to achieve their drilling targets. Designing a BHA involves several critical steps that drilling engineers must consider to ensure that the drilling operation is safe, efficient, and successful. In this article, we will examine the steps involved in designing a BHA and how drilling engineers carry out this process to achieve optimal results. Drill Collar Size Selection Unless mechanical hole sticking is a problem, the most oversized diameter drill collars & BHA consistent with other needs…
While Washington and Tehran remain engaged in negotiations over a new nuclear deal to potentially lift sanctions on Iran’s economy and oil s… Source link
Minister of Petroleum and Mineral Resources, Karim Badawi, met with C. Sushma, Chargé d’Affaires at the Indian Embassy in Cairo, along with a delegation comprising heads and officials from Indian petrochemical and fertilizer companies, including the Ostwal Group of Industries, FACT, HURL, and RCF. The delegation is currently visiting Egypt on an official mission commissioned by the Indian government, represented by the Indian Ministry of Chemicals and Fertilizers, to explore opportunities for strengthening cooperation with Egypt in the fields of petrochemicals, mining, and fertilizers. During the meeting, Badawi said that the Egyptian Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy…
As Iran and the US head into the third round of renewed nuclear talks this weekend, the progress made in the initial phases has kindled Iranian hopes that an agreement could be reached which will enable it to boost oil output and attract foreign investment. But any deal would be subject to the ever-changing whims of US President Trump, and talks on the more taxing technical issues are only now just beginning. Mr Trump has set a two-month timeline to reach an agreement; an extraordinarily tight timeframe for such a complicated international deal. Perhaps a preliminary agreement would suffice. (CONTINUED…
Chairman of the General Authority for Suez Canal Economic Zone (SCZONE), Waleid Gamal El-Dein, attended the groundbreaking ceremony for the Treegas project, a station for the filling and manufacturing of composite liquefied petroleum gas (LPG) cylinders made from fiberglass, located within the Sokhna Industrial Zone under the Egyptian-Chinese joint venture Main Development Company. The project spans an area of 10,400 square meters, with a total investment cost of €14 million, or about EGP 310 million. The project will be implemented over two phases. The first phase includes building a factory to manufacture and fill composite LPG cylinders, with an annual…
As part of ongoing efforts to support national industry and enhance the competitiveness of Egyptian exports, the Ministry of Petroleum and Mineral Resources (MoPMR), in coordination with the General Administration for Energy Efficiency and Climate, hosted the seventh meeting of the Technical Secretariat of the Ministerial Group tasked with addressing the European Carbon Border Adjustment Mechanism (CBAM). The meeting was inaugurated by Alaa El Batal, MoPMR First Undersecretary and Supervisor of Occupational Health, Safety, Environment (HSE), Energy Efficiency and Climate, and Nermine Abu El-Atta, Advisor to the Minister of Trade and Industry for Sustainable Development and Head of the Technical…