Author: Rigs & Barge World
The Ministry of Petroleum and Mineral Resources (MoPMR) has signed a Memorandum of Understanding (MoU) with the Lebanese Ministry of Energy and Water to supply natural gas to the Deir Ammar Power Plant in Lebanon for electricity generation. The agreement, signed during a visit by Karim Badawi, Minister of Petroleum and Mineral Resources, aims to deepen bilateral relations and utilize Egypt’s infrastructure to bolster regional energy security, according to a statement by MoPMR. Under the terms of the strategic cooperation, Egypt will leverage its robust production and export infrastructure, including the Idku and Damietta liquefaction plants. This year, Egypt has…
The United Energy Egypt (UEE) has drilled around 30 wells in 2025, which successfully offset natural reservoir decline and increased oil production by more than 20%, according to Kamel Al Sawi, Regional President of UEE, in an interview with PetroCast. The production surge follows a strategic expansion of the company’s footprint and the implementation of aggressive drilling schedules to maximize asset recovery. The company’s recent acquisition of the US-based Apex company has doubled production and lifted total reserves to more than 60 million barrels (mmbl). Al Sawi noted that UEE’s investment activity in Egypt has evolved significantly since 2019, following…
Woodside Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Turkey’s BOTAŞ for the supply of around 5.8 billion cubic meters (bcm) of natural gas equivalent, or approximately 0.5 million tons per year (mmt/y) of LNG, for a period of up to nine years starting in 2030. The deal turns a previously non-binding Heads of Agreement (HOA), signed in September this year, into a binding commitment. Under the agreement, LNG will be supplied primarily from Woodside’s under-construction Louisiana LNG project in the US as well as from Woodside’s broader portfolio. “This supply agreement with…
A new round of leadership transfers and administrative appointments has been launched across several petroleum sector companies to optimize expertise and support organizational growth. Minister of Petroleum and Mineral Resources Karim Badawi issued the decree to fill key positions among assistant chairmen and general managers of administrative affairs. The reshuffle impacts high-level administrative roles at the Egyptian Natural Gas Holding Company (EGAS), GASCO, Petrogas, and several other entities. These changes are designed to maximize the benefit of diverse expertise and streamline human resources development across the nation’s energy value chain. As part of the appointments, Mohamed Sayed Khashaba has been…
Four natural gas wells have been successfully drilled in the Nile Delta as part of an 11-well development program by El Wastani Petroleum Company (WASCO). The news wells are aimed at boosting national output. The progress was reviewed during an inspection visit by Mahmoud Abdel Hameed, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), to verify the execution status of the ongoing drilling and production projects. According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the new wells have shown positive indicators following technical studies, contributing to a broader strategy that includes the…
Russia’s Gazprom has transported 38.8 billion cubic meters (bcm) of natural gas to China through the Power of Siberia pipeline in 2025, surpassing its planned annual capacity. The achievement marks a significant milestone in the energy partnership between the two nations, with delivery volumes exceeding the previously established contractual targets for the year, according to Reuters. The 2025 export figures represent a substantial increase from the 31 bcm recorded in 2024, with the pipeline currently operating above its intended 38 bcm annual limit. According to Aleksei Miller, Chairman of the Gazprom Management Committee, the company provided approximately 800 million cubic…
A Level 3 simulated fire drill has been successfully carried out at the Middle East Oil Refinery Company (MIDOR) refinery in Alexandria Governorate to strengthen emergency preparedness and response capabilities. The exercise was conducted in line with the health, safety, and environment (HSE) pillar of the national petroleum strategy, providing a practical test of the facility’s crisis management systems. The drill was implemented under the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, and involved various companies operating within the Alexandria Petroleum Geographical Zone alongside the General Directorate of Civil Protection, according to a statement by the Ministry…
Global technology company SLB has secured a five-year contract from Aramco to provide stimulation services across the Saudi giant’s unconventional gas fields, supporting a multi‑billion‑dollar development program, according to a press release by SLB. The project is expected to advance one of the world’s largest unconventional gas initiatives, a core element of the Kingdom’s strategy to diversify its energy mix and accelerate its energy transition. The agreement includes advanced stimulation, well intervention, frac automation, and digital solutions designed to enhance efficiency and unlock additional production from Saudi Arabia’s unconventional gas resources. SLB said the integrated offering is intended to set…
Few international companies have as diverse a presence across Oman’s energy sector as Shell. Since first entering Oman in 1937, the company has become a dominant player in the country’s energy sector and sees scope for further growth in the years to come. Shell’s key asset in Oman is its stake in Petroleum Development Oman (PDO: EDO 60%, Shell 34%, Total 4%, PTTEP 2%) where it plays a leading role in providing technical expertise. PDO operates Oman’s largest upstream asset, Block 6, which produced 680,000 b/d of liquids last year, a 22-year high, as well as 2.34bn cfd of gas.…
As part of his visit to the Chinese capital, Beijing, Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with senior executives of Chinese companies operating in the fields of renewable and clean energy. He conducted field tours of technological sites, mines, and factories involved in the exploration, extraction, and processing of mineral resources, as well as the extraction of strategic elements. Esmat held a meeting with Zhang Tao, General Manager of the China National Nuclear Corporation (CNNC), along with the heads of its subsidiary companies, to discuss mechanisms for joint work, cooperation, and partnership in clean energy, as well…