Author: Rigs & Barge World

More than five years since commissioning the $1.06bn Bahrain LNG import terminal in December 2019, the island kingdom has taken delivery of its first import cargo. It is to begin regular imports over the coming months, joining Kuwait and Dubai as Gulf importers of the fuel. LNG will supplement domestic production of 2.6bn cfd (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

The Egyptian General Petroleum Corporation (EGPC) organized an introductory workshop titled ‘Defining the Carbon Footprint and Opportunities for Reducing Methane Emissions in Petroleum Companies’ in Suez. The workshop focused on identifying the main sources of carbon emissions in petroleum companies, preparing carbon footprint reports, pinpointing opportunities to reduce carbon emissions in petroleum companies, monitoring and measuring methane emissions, and implementing the Leak Detection and Repair (LDAR) model. The workshop also shed light on successful project implementations within petroleum companies and reviewed several recommendations aimed at strengthening environmental monitoring procedures, improving operating system efficiency, and applying environmental sustainability standards in line…

Iran’s First Vice President, Mohammadreza Aref, announced the country’s readiness to export petrochemicals to Africa in support of the continent’s industrial growth. He said this during his speech at the third Iran-Africa Economic Cooperation Conference, where he highlighted Africa’s position as a strategic partner in the new global power structure. Aref emphasized Iran’s readiness to transfer its expertise, technology, and capital to Africa’s mining and mineral industries, aiming to unlock greater value from the continent’s “golden soils.” He stated that Iran is ready to collaborate with Africa as a strategic partner in establishing clean energy and regional electricity networks. He…

Saudi oil burn dropped sharply to an 11-year monthly low 589,000 b/d for February, and over the first two months of the year overall is running at its lowest level since 2016. There have been previous false dawns, but the scale of the drop over the first months of the year sets the kingdom well on course for its first year-on-year fall since 2021. Despite the gains, oil burn remains extremely high at 678,000 b/d for 2M 2025 and 589,000 b/d for February, but Riyadh appears to have made a big stride towards its goal of eliminating oil burn by…

Fra Teknologidagen 2023. 05.02.2024 Sokkeldirektoratet arrangerer teknologidag 6. juni 2024 etter samme lest som i 2022 og i 2023. Oppdatert: 03.06.2024 Siste nyheter Produksjonstal mars 2025 23.04.2025 Førebels produksjonstal i mars 2025 viser ein gjennomsnittleg dagsproduksjon på 1 972 000 fat olje, NGL og kondensat. Boreløyve for brønnbane 30/11-16 S 15.04.2025 Sokkeldirektoratet har gitt Aker BP ASA boreløyve for brønnbane 30/11-16 S i utvinningsløyve 873, jf. ressursforskrifta paragraf 13. Her er oversikten over TFO 09.04.2025 Gjennom TFO har industrien fått jevnlig tilgang til nytt areal på norsk sokkel. I…

As part of efforts to enhance Egypt’s role as a regional energy hub, Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the ‘Future of Energy Security Summit’ in London, where he was invited by the International Energy Agency (IEA) and the UK Government. The Minister outlined Egypt’s strategy to diversify its energy mix, increasing reliance on renewables to 42% by 2030, attracting investments, and strengthening regional cooperation to secure energy supplies, including gas linkage agreements with Cyprus, Greece, and Italy. Badawi emphasized the need for a fair and realistic approach to energy transition that considers each country’s unique…

The global economy faces an unprecedented level of market complexity and fluidity, the IMF says in its World Economic Outlook (WEO) update this week, warning that “extremely high levels of policy uncertainty are expected to have a significant impact on global economic activity.” As a result, the IMF downgraded its global economic growth expectations for 2025 by 0.5 percentage points to 2.8% and by 0.3 percentage points to 3.0% for 2026. Speaking at the WEO release on 22 April, IMF Chief Economist Pierre-Olivier Gourinchas said “we’re entering a new era as the global economic system that has operated for the…

The Ministry of Petroleum and Mineral Resources (MoPMR) is announcing an extension of the closing date for the current opportunities, which includes 13 blocks (seven undeveloped discoveries and six exploration blocks). The new closing date is set for July 2, 2025, at 12:00 PM CLT, in response to requests from interested companies due to the Spring and Eid holidays, according to the Egypt Upstream Gateway (EUG).     Source link

19/02/2024 The Norwegian Offshore Directorate has published a new Appendix 4 to the Guidelines for the Measurement Regulations. The Norwegian Offshore Directorate has published a new Appendix 4 to the Guidelines for the Measurement Regulations. This Appendix is a spreadsheet that can be used to submit an uncertainty budget for CO2 tax measurements to the Norwegian Offshore Directorate pursuant to Section 96 of the Measurement Regulations. The spreadsheet has been prepared in collaboration with the industry. An uncertainty budget for CO2 tax measurements must be submitted to the Norwegian Offshore Directorate on an…

Dragon Oil concluded its participation at GOTECH 2025 with signing key strategic agreements and memoranda of understanding (MoUs), reinforcing its global expansion and leadership in the energy sector. The company successfully wrapped up its participation at GOTECH 2025 by signing a series of strategic MoUs with prominent international partners. These agreements mark significant progress in the company’s efforts to expand globally and drive innovation within the energy industry. The signed agreements include a collaboration with Business Oil Africa to develop oil and gas assets in GabonThe award of a new concession agreement with the Egyptian General Petroleum Corporation (EGPC) for the East…