Author: Rigs & Barge World
Egypt generated a record 35.19TWh of electricity from renewable power plants in 2025, up 28% year on year, the New & Renewable Energy Authority (NREA) says. Comprehensive power generation data are not yet available, but renewables’ share likely rose above the c.12% level at which it has stood since the start of the decade. Egypt is targeting a 42% share for renewables for 2030, and is investing in large-scale additions to that end (MEES, 16 January). Hydropower is the largest component of Egypt’s renewables mix, and generation increased by 9% to 17.3TWh last year. Wind rose 57% to 10.5TWh, and…
Aramco has cancelled scheduled propane and butane deliveries from its Juaymah NGL export terminal due to damage to the pipeline delivery system. “On February 23, a small segment of the delivery system carrying propane and butane at the Juaymah NGL facility was structurally damaged,” the company said in an emailed statement. LPG export operations were halted immediately – local supplies remain unaffected – and the scope and duration of the impact is under evaluation, the company told MEES on 25 February. (CONTINUED – 247 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news…
The third round of mediated talks in Geneva between the United States and Iran concluded this February 2026 without a breakthrough. While Omani mediators and Iranian Foreign Minister Abbas Araghchi claimed significant progress and intense engagement, Washington remains deeply dissatisfied. President Trump has explicitly stated he is not happy with Tehran’s refusal to meet core demands, specifically a total halt to uranium enrichment and the dismantling of key nuclear facilities at Fordow and Natanz. This diplomatic deadlock mirrors a long history of friction, including the 2015 Joint Comprehensive Plan of Action – JCPOA – under the Obama administration, which saw Iran…
Saudi Arabia’s trade patterns have been radically reshaped over the past decade, with the rise of China as a major trade partner coinciding with a steep decline in exports to the US. The kingdom’s exports are dominated by oil, and with the US shale revolution having transformed its once-largest trade partner into a net-exporter of oil, trade between the two countries has slumped. The US now ranks in sixth place as an export market for Saudi Arabia. Saudi exports to the US totaled $13bn last year, not even close to the $45bn worth of goods that were shipped to China…
Pharaonic Petroleum Company (PhPC) achieved production of 76,000 barrels of oil equivalent (boe/d) during the first half (H1) of fiscal year (FY) 2025/26. PhPC Chairman Hossam Zaki revealed that this output comprised 387 million cubic feet per day (mmcf/d) of gas and 8,740 barrels per day (bbl/d) of condensate. This came during the General Assembly meeting held to approve PhPC’s investment plan for FY 2026/27 and the amended plan for the current fiscal year. Zaki highlighted the company’s ambitious $449 million investment plan for the upcoming fiscal year. A key priority of the plan is the development of the Harmattan…
Eni’s oil and gas production from its global portfolio rose by over 7% year on year (YoY) during Q4 of 2025, reaching 1.84 million barrels of oil equivalent per day (boe/d), thanks to the accelerated start-ups and ramp-ups as well as excellent base business performance, the company said in a statement. The company’s Adjusted net income reached €1.2 Bn, marking a 35% YoY increase, while cash flow from operations rose 4% to €3 Bn. This came as Eni’s Board of Directors, chaired by Giuseppe Zafarana, the company’s chairman, approved the unaudited consolidated results for the fourth quarter and the FY…
1: Between 2023 And 2025* Nama PWP Revised Up Its Peak Demand Expectations For The Mis Grid (GW) 2: Oman Plans To Reach 30% Renewable Energy Generation By 2030 (TWh) 3: Oman Plans To Add 10.6gw Of Renewable Capacity By 2031 (GW) 4: Nama PWP Expects Gas For Power In Oman To Fall ~30% After 2027* (BCM) Oman’s Power Grid Interconnection Project Source link
In its February 2026 report, the Global Solar Council (GSC) praised Egypt’s strategic efforts to diversify its energy mix and bolster green electricity exports, solidifying the nation’s standing as a regional hub for sustainable energy, noted a statement by the Egyptian Cabinet. The statement also pointed out that Norway’s Scatec has announced the commencement of commercial operations at its Obelisk solar project in Nagaa Hammadi. The facility marks Egypt’s first hybrid renewable energy plant, integrating solar Photovoltaic (PV) generation with advanced battery storage technology. The Obelisk project is designed to enhance the flexibility and resilience of the national power grid…
Badr Petroleum Company recorded an average daily production of 6500 barrel of oil equivalent (boe/d), achieving its targets for the first half (H1) of the fiscal year (FY) 2025/2026, said Ibrahim Massoud, the company’s chairman. Massoud added that two development wells were drilled, contributing to higher natural gas production rates, with the second well scheduled to be brought online next week. This came during the general assembly meeting of the Badr Petroleum Company to review the amended investment plan for the FY 2025/2026, including the addition of new development wells at the Badr-1 field, boosting production outputs. the Western Desert…
The US Treasury Department would grant licenses for companies that want to resell Venezuelan oil to Cuba’s private sector, according to Reuters. The move aims to alleviate the island’s acute energy crisis following the halt of Venezuelan oil shipments in January. The crisis intensified after Washington assumed control of Venezuela’s oil exports following the capture of leader Nicolas Maduro. The Treasury’s guidance clarifies that authorized transactions must exclusively support the Cuban people, including the private sector. Any transactions involving or benefiting the Cuban military or government institutions remain prohibited. This policy shift follows statements from US President Donald Trump, who…