Author: Rigs & Barge World
TotalEnergies and Google have signed a 21-year power purchase agreement (PPA) under which Google will receive one terawatt-hour (TWh) of certified renewable electricity from the Citra Energies solar power plant in northern Malaysia, the companies announced. The agreement covers the supply of around 20 megawatts (MW) of solar power from the project. It will be developed in Kedah province and is scheduled to begin construction in early 2026. The renewable electricity will support Google’s data center operations in Malaysia, contributing to the company’s goal of running its facilities on clean energy. The Malaysian Energy Commission awarded the Citra Energies solar…
Saudi Aramco’s base oils subsidiary Luberef has announced a new feedstock allocation for its 275,000 t/y Jeddah facility that runs until 31 December 2030. The plant had been earmarked for closure in mid-2026, but will now be able to continue operating for at least another five years. The Jeddah plant is Luberef’s oldest facility, producing relatively low value Base I lubricants. Luberef also operates a 1.18mn t/y plant at Yanbu which can produce Group I and Group II products, and is working on an expansion project that will increase Yanbu’s capacity to 1.3mn t/y. More importantly, the Yanbu Growth II…
The European Union (EU) has imposed new sanctions on Russian oil interests, targeting traders and shipping networks accused of helping Moscow bypass Western restrictions on crude exports that fund its war in Ukraine, Reuters reported. The latest measures add nine individuals and entities linked to Russia’s so-called shadow fleet of oil tankers, including businessmen connected to state oil companies Rosneft and Lukoil, as well as firms that own and manage tankers operating outside Western maritime and insurance systems. Consequently, EU citizens are now banned from doing business with those listed, further restricting access to shipping and insurance services. Among those…
bp delivered the Atlantis Drill Center 1 expansion project two months ahead of its original schedule by utilizing existing subsea inventory, drilling and completing wells more efficiently, and streamlining offshore execution planning. This is bp’s fifth major startup that has been delivered ahead of schedule this year. Atlantis Drill Center 1 caps off an excellent year of seven major project start-ups for bp. This project supports bp plans to safely grow its upstream business, which includes increasing US production to around 1 million barrels of oil equivalent per day by 2030. “This latest success demonstrates the dedication of US project…
Sudan’s escalating civil war between the Sudanese Armed Forces (SAF) and the rival paramilitary Rapid Support Forces (RSF) continues to threaten lifeline oil exports from both Sudan and its southern neighbour. As the fighting has extended into areas on the border with South Sudan that are home to key oil fields, Juba has deployed troops to guard the Heglig processing facilities. The conflict is proving too much for China’s CNPC, which is requesting an exit from the nearby Baleela oilfield. (CONTINUED – 965 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve…
SLB has signed a strategic collaboration agreement with Shell to develop digital and artificial intelligence (AI) solutions aimed at driving performance and efficiency gains across upstream operations for the industry. The partnership will focus on developing agentic AI-powered solutions to accelerate and amplify the capabilities of technical experts and decision makers in subsurface operations, well construction, and production. The collaboration aims to develop and deploy an open data and AI infrastructure that unifies data and workflows across upstream operations in a secure digital environment using SLB’s Lumi data and AI platform, according to an SLB press release dated December 11,…
Morocco is ending 2025 on a high note, with long-delayed gas plans finally moving forward, bringing the coal-dependent kingdom a step closer to achieving its energy ambitions. Morocco has struggled to gain traction with its plans to establish LNG import terminals over the past decade as political deadlock and financing challenges have provided insurmountable challenges (MEES, 16 October 2015). A 2021 reboot that envisaged imports beginning in 2025 failed to materialize (MEES, 28 May 2021). (CONTINUED – 1323 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by…
Maridive & Oil Services has signed a three-year contract to provide exploration, maintenance, and production support services in the UAE. The contract, finalized by Maridive Offshore Projects, a subsidiary of the company, will come into force in the first quarter of 2026 and carries an annual value of $8.95 million, according to a disclosure to the Egyptian Stock Exchange (EGX). Earlier this month, Maridive & Oil Services secured a 15-year contract in Qatar to provide maintenance and production support services, with operations set to begin in Q1 2028 and an annual contract value of $10.15 million. On December 15, the…
On the sidelines of his visit to Kuwait to attend the meetings of the Organization of Arab Petroleum Exporting Countries (OAPEC) Karim Badawi, Minister of Petroleum and Mineral Resources, met with Loay Jassim Al-Kharafi, Chairman of the Egyptian-Kuwaiti Holding Company (EKH) to explore new investment opportunities for the company in Egypt. Among these opportunities are: cooperation in upgrading refineries, natural gas processing, LPG and condensate projects, and petrochemical expansions. Also, opportunities for the EKH to participate in green hydrogen, green ammonia, and renewable energy projects were discussed. The meeting focused on strengthening cooperation and leveraging EKH’s diversified portfolio in Egypt,…
ExxonMobil and Saudi Aramco this week signed a Venture Framework Agreement (VFA) “to evaluate a significant upgrade” of their 50:50 joint venture Samref refinery in Yanbu. The partners will explore an expansion of the 400,000 b/d capacity refinery into an integrated petrochemical complex as part of Aramco’s aims to increase its liquids-to-chemicals capacity to 4mn b/d by 2030. The VFA follows an MoU that was signed in May to examine the potential integration (MEES, 16 May). (CONTINUED – 179 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed…