Author: Rigs & Barge World
Saudi Aramco is offering additional spot crude cargoes for loading from Egypt’s Mediterranean terminal at Sidi Kerir as the company seeks greater export flexibility amid renewed security risks to shipping in the Red Sea, according to trading sources cited by Reuters. The additional cargoes are transported from Saudi Arabia to Egypt’s Red Sea port of Ain Sokhna before being transferred through the Suez-Mediterranean (SUMED) Pipeline to Sidi Kerir on the Mediterranean coast. According to trading sources, these spot cargoes are intended to supplement supplies delivered to Aramco’s long-term customers. The move comes as Yemen’s Houthi movement has renewed threats to…
Minister of Electricity and Renewable Energy Mahmoud Esmat met with the UK Ambassador to Egypt Mark Bryson-Richardson to discuss strengthening bilateral cooperation in renewable energy, grid modernization, battery energy storage systems (BESS), and attracting new British investments to Egypt’s energy sector. During the meeting, Esmat highlighted opportunities to increase the participation of British companies in renewable energy projects, electrical equipment manufacturing, and grid reinforcement initiatives, in line with Egypt’s National Energy Strategy. He also underscored the importance of leveraging British expertise in private-to-private (P2P) renewable energy projects and deploying clean energy solutions to supply remote areas. P2P projects are direct…
As Europe accelerates efforts to secure energy supplies, stabilize prices, and speed up its clean energy transition, France and Portugal are hoping to revive long-stalled power interconnection projects with Morocco. The North African country has the advantage of proximity but its main selling point is a natural endowment of wind and solar resources, which, combined with relatively modest domestic demand, means it has the potential to become a major supplier of low-carbon electricity. Renewables accounted for 42.7% of installed capacity by the end of last year, and the government is targeting 52% by 2030 (MEES, 13 March). Total installed capacity…
The Ministry of Petroleum and Mineral Resources (MoPMR) has succeeded in fully securing the local market’s natural gas needs during the recent peak in consumption, driven by soaring temperatures. The move ensured stable fuel supplies across all sectors, foremost among them electricity, according to Karim Badawi, Minister of Petroleum and Mineral Resources. This came during the minister’s inspection of the National Advanced Transmission and Automation Centre (NATA) at the headquarters of the Egyptian Natural Gas Company (GASCO). The minister reviewed the operations of the national gas network and the status of fuel supplies to the electricity sector, which recorded the…
Egypt has set out plans to triple installed renewable energy capacity from 9.5GW currently to 30.7GW by the end of 2029. Details of the roadmap were presented to Prime Minister Mostafa Madbouly by Minister of Electricity & Renewable Energy Mahmoud Esmat earlier this month. Renewables growth is necessary to reduce the share of natural gas in electricity generation from 79% and ease Egypt’s reliance on LNG imports. Renewable capacity stood at 8.54GW last year and is planned to reach 11.21GW by the end of 2026 (see chart). Existing facilities generated a record 35.19TWh last year, accounting for 14% of total…
The US has imported fuel oil of Iraqi origin shipped through Syria for the first time, marking a new milestone in Iraq’s efforts to diversify its export routes amid ongoing disruptions to Gulf shipping caused by the Iran war. According to shipping data from Kpler and sources familiar with the operations, three Aframax tankers loaded Iraqi fuel oil at Syria’s Mediterranean port of Baniyas between June and July for delivery to the US Gulf Coast. The cargoes originated in Iraq and were transported by truck across the Iraqi-Syrian border before being loaded onto vessels at Baniyas. The first tanker, On…
President Donald Trump recently raised eyebrows after donning a Trump 2028 hat at the White House Correspondents’ Dinner while publicly hinting at an interest in running for a third term. His recent posts on Truth Social, his own social media platform, further signal a sharp focus on military strategy, pointing toward a decisive confrontation with Iran. The imagery suggests a readiness to target critical infrastructure, including Kharg Island, which handles over ninety percent of Iranian oil exports.Pursuing a third term, however, faces significant constitutional hurdles. Under the Twenty-Second Amendment, ratified in 1951, a president is limited to serving two terms.…
TotalEnergies posted its second-quarter results, amid rising commodity prices and an integrated business model boosting earnings and cash flow despite Middle East-linked disruptions. Adjusted net income rose 12% quarter-on-quarter to $6 billion, while first-half adjusted net income increased 47% year-on-year to $11.4 billion and first-half cash flow climbed 35% to $18.4 billion. Oil and gas production averaged 2.395 million barrels of oil equivalent per day, thanks to increased production in Brazil, the U.S. and Libya, partly offsetting a 210,000 boe/d drop in the Middle East. The Exploration & Production division reported $3.2 billion in adjusted net operating income and $5.8…
Khalda Petroleum has started production from the newly discovered Wanda deep natural gas exploration well in Egypt’s Western Desert at an initial rate of 40 million cubic feet per day (mmcf/d). Natural gas flow from the well commenced on June 21, with full tie-in to the national natural gas grid scheduled before the end of July, according to a statement by the Cabinet. Drilled to a depth of 15,000 feet, electrical logging at the Wanda well indicated positive natural gas-bearing structures. Subsequent production testing confirmed commercial output at 40 mmcf/d. To expedite development, Khalda Petroleum constructed a 10-kilometer (km) production…
Mauritania hopes to revitalize its offshore exploration sector after a series of relinquishments in recent years, aiming to capitalize on renewed international interest in prospective acreage outside the Gulf. Although Mauritania achieved its ambition to become an LNG exporter last year (MEES, 30 May 2025), growth plans have been scaled back and IOCs have relinquished assets. Energy minister Mohamed Ould Khaled said during a cabinet meeting on 8 July that US-based independent Murphy Oil and London-listed junior Chariot Limited had separately applied for three exploration blocks off the country’s Atlantic coast. (CONTINUED – 777 WORDS) Read this article for free…