Author: Rigs & Barge World
Karim Badawi, Minister of Petroleum and Mineral Resources, held talks with high-level representatives from Technip Energies, a global leader in energy transition technologies, to finalize the executive steps for establishing a joint venture (JV) with Egypt’s Enppi and the Petroleum Projects and Technical Consultations Company (PETROJET). The strategic alliance aims to execute major engineering and contracting projects both within Egypt and across international markets, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). During the meeting, Badawi emphasized that the partnership is designed to create a flexible entity capable of delivering Front-End Engineering Design (FEED) and…
China’s Xingfa Group signed a Memorandum of Understanding (MoU) with the Mineral Resources and Mining Industries Authority (MRMIA), Misr Phosphate Company, El Wadi El Gedid for Mineral Resources and Oil Shale (WADiCO), to develop an integrated industrial project for phosphate, quartz, and silica sand in the Golden Triangle Economic Zone. Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of the MoU which aims to assess the feasibility of establishing an integrated industrial project focused on maximizing the added value of these mineral resources, as part of Egypt’s broader strategy to develop its mining sector and enhance downstream…
Two sizeable gas field increments are due to lift Israeli gas output to new record highs in 2026. Expansions to the Leviathan and Tamar fields are to add a combined 600mn cfd in the coming months, meaning that production should exceed 3bn cfd later this year for the first time. The bulk of the extra gas will be piped to Egypt, thanks to debottlenecking of the export pipeline network. This year should set Israel firmly back on its growth trajectory, after a year of geopolitical disruption. Full year figures for 2025 are not yet available, but Israeli output likely dropped…
The Egyptian Drilling Company (EDC) has been awarded a new contract to operate a 1,500-horsepower (HP) onshore drilling rig for the Kuwait Oil Company (KOC), marking the first time an Egyptian company secures a drilling mandate of this scale with the Kuwaiti giant. Operations are scheduled to start in 20207. The contract represents a strategic milestone in EDC’s expansion plan within the Gulf market, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). The move aligns with the MoPMR’s broader strategy to bolster the presence of Egyptian national service companies in international markets. EDC has maintained…
Nile Petroleum Company, a state-owned firm primarily focused on marketing, distributing, and retailing petroleum products nationwide, has added five new fueling stations, bringing its local network to 81. It also upgraded nine stations and reported increased sales of high-quality 95-octane gasoline. This was announced during the company’s General Assembly held at the Egyptian General Petroleum Corporation (EGPC) headquarters. At the meeting, Chairman Ibrahim Mowafi outlined developments in 2025, including upgrades at the Nile depot in the Assiut Petroleum Geographical Area, expanded transport capacities, and enhancements to the high-performance lubricants production system (5W-40). Nile Petroleum also grew its lubricants sales…
Years of back and forth have failed to produce an agreement between Cyprus and Israel on how much of the 3.5tcf Aphrodite field lies in Israeli waters, a hurdle towards developing the field that was discovered more than 14 years ago. A deal now appears closer than ever after a delegation from Israel’s ministries of energy and finance visited Cyprus on 21-22 January. “Within the framework of these agreements, the development of the reservoir will be carried out by the rights holders on the Cypriot side, while the holders of the Ishai lease [the name of the field on the…
Media release: Queensland gas exploration approvals boost supply and investment confidence | Australian Energy Producers Skip to content Source link
U.S. oil major Chevron is pressing Iraq to improve returns on the giant West Qurna 2 oilfield as a condition for acquiring the project from Russia’s Lukoil, Reuters reported citing three sources familiar with the matter. Earlier this month, Iraq nationalized the field after U.S. sanctions imposed on Lukoil over Russia’s war in Ukraine made it difficult for the company to operate its international assets, including West Qurna 2. Lukoil has until February 28 to divest the asset under the sanction’s regime. West Qurna 2 is one of the world’s largest oilfields, accounting for about 0.5% of global oil supply…
Libya’s NOC announced on 16 January that Eni and BP have started drilling the country’s much-anticipated first deepwater exploration well, a milestone in Libyan efforts to expand offshore exploration and develop significant untapped hydrocarbon resources. Eni and BP had stated in early December that they were gearing up to drill the well (MEES, 12 December 2025), and the start of drilling is the latest sign of renewed international interest in the country’s upstream sector. Several international partners have resumed drilling activity in the country over the past two years (MEES, 27 September 2024). (CONTINUED – 1402 WORDS) Read this article…
On the sidelines of Baker Hughes annual meeting, held in Florence, Italy, under the theme “The Energy Equation”, Minister of Petroleum and Mineral Resources, Karim Badawi, met Baker Hughes CEO Lorenzo Simonelli to accelerate cooperation across new and existing energy sectors. The talks focused on fast-tracking previously agreed areas of collaboration following the completion of ongoing technical studies. Progress was reviewed on natural gas storage projects with the Egyptian Natural Gas Holding Company (EGAS) and geothermal energy development with South Valley Egyptian Petroleum Holding Company (Ganope). For the first time, the two sides discussed cooperation in the mining sector, outlining…