Author: Rigs & Barge World
Minister of Petroleum and Mineral Resources Karim Badawi met with bP’s Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region. Furthermore, Badawi discussed with Lin cooperation efforts and the steps necessary to accelerate the King Mariout and Fayoum 5 discoveries. Lin emphasized bp’s interest in the swift development of the two discoveries, expressing his desire to enhance the joint efforts with the Egyptian oil and gas sector to achieve…
Norway, Denmark and Greenland are to build up a joint knowledge base on mineral activity on the seabed. The photo shows Kjersti Dahle, Director technology, analysis and coexistence at the Norwegian Offshore Directorate hodling a a sulphide sample. Photo: Arne Bjørøen. 15/04/2024 This cooperation involves an MoU – Memorandum of Understanding – with the aim of acquiring additional knowledge on seabed minerals. In February of this year, the Norwegian Offshore Directorate entered into an “MoU” – Memorandum of Understanding – with the Greenland authorities, the Greenland Institute of Natural Resources and GEUS (Geological Survey of Denmark…
*Egypt hiked road fuel prices for the first time in six months on 11 April, raising all three grades of gasoline by an average of 13% while the price of diesel was increased 15%. With Brent crude prices falling from an average of $85/B for 2Q 2024 to average $74.5/ between October last year and Q1 this year and continuing on a downward trend to trade at below $70/B in recent weeks, this should help the country reduce its subsidy bill. *“Although Brent crude oil and international prices have declined recently, this has only slightly reduced the cost of one…
Moataz Atef, the Undersecretary for Minister’s Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), held a press conference with petroleum journalists and reporters form various mass media outlets. The conference aimed to affirm the cooperation and vital role of the petroleum media in showcasing the sector’s efforts and delivering the media message professionally and responsibly. The meeting covered several key issues and developments in the petroleum and mining sectors. Atef answered media inquiries and provided full information on preparations for the summer season, as well as core components of the integrated executive plan with…
Torgeir Stordal at the Barents Sea conference. (Photo: Kjersti Dahle/The Norwegian Offshore Directorate) 17/04/2024 The Johan Castberg ship will soon be heading north. With the ship in place, the plan is to have three producing fields in the Barents Sea by the end of the year. “It took a lot of good decisions to get where we are today in the Barents Sea, and we now have the opportunity to lay a good foundation for further development of this part of the Norwegian shelf,” said Torgeir Stordal, Director General of the Norwegian Offshore Directorate,…
An Egyptian-Chinese joint venture (JV) signed a package of contracts to execute the preliminary designs for the first phase of the Red Sea Petrochemicals Complex project at Ain Sokhna. The agreement was signed between the Red Sea National Petrochemicals Company, China National Chemical Engineering Co. Ltd. (CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. The complex is located in the Suez Canal Economic Zone (SCZone), just 10 kilometers from Ain Sokhna Port. It is designed to produce a range of petrochemical products through an advanced oil…
Drill string design Calculations are made to help you select items from a list of ready-made Drill string components, not deciding what an individual component will look like. The objectives of our design efforts should be to: Keep the maximum stress at any point in the drill string less than yield strength derated by a design factor. Select components and configure assemblies to retard fatigue as much as economically practical. Provide equipment that is resistant to hydrogen sulfide if H2S is expected. This Article covers simple drill string design steps for vertical and directional wells. Loads applied by tension, torsion, combined tension and…
The International Maritime Organization (IMO), as part of the United Nations, is normally known for grindingly slow procedure. And when decisions are adopted, they are almost always unanimous and do not rock the collective boat. But the 11 April approval of a two-tier tax on emissions from global shipping has all but sunk the organization’s reputation for consensus before a final vote in October. Shipping makes up around 3% of global emissions on a tons of CO2-equivalent basis according to the IMO. And the tax aims to incentivize shipowners to reduce emissions from the sector. Since the announcement, industry bodies…
17/04/2024 In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024. Updated: 17/04/2024 Latest news Drilling permit for wellbore 30/11-16 S 15/04/2025 The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for wellbore 30/11-16 S in production licence 873, cf. Section 13 of the Resource Management Regulations. An APA overview 09/04/2025 Through APA the industry has gained regular access to new acreage on the Norwegian continental shelf. Today, this…
Minister of Petroleum and Mineral Resources Karim Badawi showcased the Ministry’s remarkable operational results during the period between July 2024 to March 2025 to the members of the House of Representatives, along with the plans of the petroleum sector. The results were announced during his regular meeting with the parliamentary councils to enhance cooperation and integration in creating an attractive legislative environment for investments in all oil and gas industry activities, as well as the mineral resources sector, thus supporting the national economy. For their part, the representatives thanked Badawi for his invitation. They praised the efforts of the sector’s…