Author: Rigs & Barge World

Halliburton, one of the leading oil and gas innovative companies, has been awarded an Integrated Drilling Services (IDS) contract, from  Shell Nigeria Exploration and Production Company (SNEPCo), in partnership with Sunlink Energies, for operations in Oil Mining Lease (OML) 144, offshore Nigeria. The contract supports the development of the HI gas field, which will feed gas to the Nigeria LNG Train 7 project. Under the agreement, Halliburton’s Project Management team will oversee execution and integrate multiple services to deliver a full end-to-end drilling solution. Leveraging its global expertise in complex offshore projects and its strong operational track record in Nigeria,…

Iraq was forced to temporarily curtail crude oil exports this week following a 26 October fire at one of its primary oil storage depots. The fire at the Zubair-1 depot’s main pumping station caused two fatalities and knocked out 1mn b/d of pipeline throughput capacity. Basrah Oil Company (BOC) has since implemented workarounds to divert crude into alternative pipelines, and after two days the state firm was able to re-route flows to the nearby Zubair-2 depot (see map). This allowed displaced volumes to be delivered to Iraq’s offshore export terminals, and Kpler data shows that loadings rebounded later in the…

Karim Badawi, Minister of Petroleum and Mineral Resources, stated that Egypt is enhancing its role as a key regional hub for trading and exchanging energy, leveraging its fully integrated infrastructure. Speaking during an Energy Talks panel discussion with Cyprus Energy Minister George Papanastasiou at ADIPEC 2025, Badawi emphasized that this arrangement enables Egypt to provide a fast, economical, and reliable route for delivering East Mediterranean gas resources to global markets at a competitive cost. Badawi pointed out that connecting the Cypriot Cronos gas field to Egypt’s infrastructure represents the first practical step towards regional energy integration. This step follows the…

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Jamal Al-Loughani, Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC), on the sidelines of Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025. The meeting aimed to review opportunities for enhancing cooperation and exchanging technical expertise across various petroleum and energy activities. Consequently, the meeting concluded with mutual alignment to enhance cooperation in key areas, including energy security, supply stability, technology transfer, and human capacity development within the oil and gas sector. Minister Badawi expressed his appreciation for the Secretary General’s efforts to strengthen OAPEC’s message and…

Libya’s NOC on 29 October announced a new oil discovery made by Austria’s OMV in the country’s Sirte Basin oil heartland. OMV has yet to comment on the find, and whether it is commercial. The discovery was made at the B1–106/4 well (on ‘Block 4’ of ‘Area 106’), which targets the Essar prospect, where OMV last year started its first drilling campaign in Libya since the 2011 revolution (MEES, 1 November 2024). (CONTINUED – 289 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information…

At the conclusion of his participation in the ADIPEC 2025 Exhibition and Conference in Abu Dhabi, Karim Badawi, Minister of Petroleum and Mineral Resources, met with executives and leaders of U.S Bechtel Corporation, China’s United Energy Group (UEG), Norwegian Subsea7, and U.S S&P Global. The meetings discussed strengthening existing partnerships and exploring new opportunities in oil, gas, and energy transition projects. Badawi met with Paul Marsden, President of Bechtel Corporation to review the progress of joint cooperation in several new refining projects, as well as the successful launch of Egypt’s first specialized school for safety and risk management in Ain…

Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of two key agreements on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025. The agreements are major steps to attract new investments and enhance gas exploration and production (E&P) activities in the Eastern Mediterranean. The agreements, signed in the presence of Olivier Le Peuch, CEO of SLB, and Peter Whiting, Vice President of Viridien, aim to implement cutting-edge seismic survey technologies for gas exploration in the East Mediterranean and to develop the Egypt Upstream Gateway (EUG) — Egypt’s digital investment platform for exploration and production,…

QatarEnergy has signed an agreement to farm in to Italian major Eni’s North Rafah block, on the maritime border with Gaza. The move comes less than a month after the Qatari state giant agreed to join UK major Shell at the North Cleopatra block in Egypt’s frontier West Mediterranean region. “QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40% participating interest in the North Rafah exploration block offshore the Arab Republic of Egypt,” the firms said in a joint statement on 27 October. Eni, the dominant player in Egypt’s offshore, will retain 60%. (CONTINUED – 804 WORDS) Read…

ExxonMobil has signed a memorandum of understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) to expand its natural gas exploration activities in the Mediterranean Sea, marking a new chapter in the company’s partnership with Egypt. The agreement was signed on the sidelines of the ADIPEC 2025 conference in Abu Dhabi, in the presence of Minister of Petroleum and Mineral Resources Karim Badawi and John Ardill, ExxonMobil’s Vice President of Global Exploration. Under the MoU, ExxonMobil will invest in a new concession area located west of the Zohr field, adjacent to Cypriot waters. The move will increase the company’s…

Adnoc Drilling has revised up its expected net profits for the year to $1.40-1.45bn on the back of strong Q3 results. This puts it on course to easily overtake last year’s record $1.3bn, and the company expects profits to remain at these record levels in 2026 (see chart 1). Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link