Author: Rigs & Barge World
Morocco’s renewable energy plans this month received several boosts from major European partners, with energy minister Leila Benali this week announcing an ambitious target of 20GW as the country positions itself as a regional leader in renewables. 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
Shell and PETRONAS’ Burullus Gas Company brought the Siena DE development well online three days ahead of schedule. This achievement marks the first milestone in the 11th phase of the West Delta Deep Marine (WDDM) project. The actual well testing results validated previous engineering studies, achieving natural gas production rates of 40 million cubic feet per day (mmcf/d). The eleventh phase of the project is designed to increase the company’s output by up to 130 mmcf/d of natural gas through a development plan that includes drilling three new wells. This expansion will significantly enhance domestic natural gas production, especially during…
Egypt has gradually resumed pumping natural gas to industrial sectors that were temporarily shut down in recent days amid the fallout from the Israel-Iran conflict. The government has activated an emergency plan to prioritize natural gas allocations few hours after the beginning of the war. This involved halting natural gas supplies to some factories and increasing diesel consumption by power plants to the maximum level. The Minister of Petroleum and Mineral Resources, Karim Badawi visited on Friday the main control center of the national natural gas network operated by the Egyptian Natural Gas Company (GASCO) in New Cairo to oversee…
Iran’s 14 June missile strike on Israel’s largest refinery, the 197,000 b/d Bazan at Haifa in the north threw the government’s conflict preparation plans into immediate disarray. Damage from the strike forced the plant offline at the same time as the country’s only other refinery, the 100,000 b/d Ashdod in the south, was offline for scheduled maintenance. The Bazan Group initially sought to downplay the scale of the damage, but eventually had to disclose the extent in a 16 June submission to the Tel-Aviv Stock Exchange (TASE). (CONTINUED – 806 WORDS) Read this article for free Gain access to over…
The fourth edition of the Egypt International Mining Forum is set to take place on July 15-16 at The Nile Ritz-Carlton in Cairo to explore the challenges, opportunities, and strategies needed to position Egypt as a leading global mining hub. It will host ministers, policymakers, major local and international companies, and investors leading the mining industry. Organized by the Ministry of Petroleum and Mineral Resources (MoPMR) and inaugurated by Minister Karim Badawi, the forum aligns with MoPMR’s third pillar focused on maximizing the value of Egypt’s mineral wealth and boosting the sector’s contribution to economic growth to 6% by 2030.…
Saudi Arabia’s oil export revenues fell sharply to a near-four year low in April, as the kingdom’s core industry was hit hard by the fallout from US President Trump’s ‘Liberation Day’ tariff announcements. The latest government statistics show that oil export revenues dropped by $1.3bn in April to just $16.5bn, the lowest monthly figure since June 2021 (see chart 1 & 2). 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
Oman’s Main Oil Line, carrying crude oil and condensate 1,500km across the country was once described as the ‘economic Nile’ of the sultanate; from its flows, all economic activity feeds. Even sectors not directly linked to the production or sale of oil, like construction or finance, benefit from the steady stream of contracts and business. And for the state, it is by far the main source of income, accounting for 70-80% of revenues. In times of high oil prices, a strong flow of revenues fills coffers and washes away government reform plans to create new, diversified streams of revenue. When…
Energy is no longer just an economic commodity — it has become a strategic instrument of diplomacy that fosters stability and peace in international relations. Through infrastructure investments, resource diversification, and multilateral cooperation, Türkiye has transformed energy into a vital pillar of our foreign policy, connecting and reassuring our region and beyond. Türkiye is uniquely positioned as an energy hub bridging Europe and Asia, and can now play a significant role in Syria’s reconstruction. Despite the challenges Syria has faced over the years, the country retains significant strategic energy assets and occupies a crucial geographic position as a potential transit…
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Algeria Awards Five Out Of Six Blocks In 2024-25 Bid Round 1: Algeria’s Oil Output Is Down 300,000 b/d Since The Last Bid Round In 2014, With The Fall Only Partly Due To Opec+ Output Restrictions* (‘000 b/d) 2: Algeria’s Top Foreign Producer (‘000 boe/d, Net): Eni Has Extended Its Lead With Successive Purchases Over 2022-24 Algeria Awards Five Exploration Licenses In ‘Successful’ Bid Round Source link