Author: Rigs & Barge World
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…
Russian President Vladimir Putin has extended the deadline for the sale of ExxonMobil’s stake in the Sakhalin‑1 oil and gas project by one year, giving the US major until January 1, 2027, to complete an exit deal, Reuters reported. The move potentially opens more room for negotiations over compensation after Exxon booked a multi‑billion‑dollar hit on its Russian assets in 2022. Exxon took a $4.6 billion impairment charge on its 30% operating stake in Sakhalin‑1 in April 2022, after deciding to withdraw from Russia following the start of Moscow’s conflict with Ukraine, according to Reuters. The project, located off Russia’s…
Israeli media in recent weeks has been rife with speculation that Prime Minister Benjamin Netanyahu and his energy minister Eli Cohen were close to approving the mega $35bn Israel-Egypt gas deal. The pair did not disappoint and during a joint television address on 17 December announced that they have “approved the largest gas deal in Israel’s history.” The deal, initially reached in August, will result in an extra 130.9bcm of gas being supplied from Israel’s 22.3tcf Leviathan field to Egypt. In order to be approved, two conditions had to be met (MEES, 8 August). The first was for an agreement…
Karim Badawi, Minister of Petroleum and Mineral Resources, inspected drilling operations at the Belayim offshore 133 well in the Gulf of Suez, marking the first drilling activity under Italian energy company Eni’s new investment plan in Egypt. The well is part of an agreement signed between Eni and the Egyptian General Petroleum Corporation (EGPC) in mid-November to inject fresh investments in the company’s concessions across the Gulf of Suez and Nile Delta until 2040. During the visit, Badawi reviewed drilling progress aboard the offshore rig Trident 16, operated by Shelf Drilling, which is currently working in the Gulf of Suez.…
Italian energy company Eni has been confirmed as a Premium Partner of the Milano Cortina 2026 Olympic and Paralympic Winter Games, supporting the event through sustainability-driven initiatives aimed at reducing greenhouse gas (GHG) emissions. As part of its long-term strategy to achieve carbon neutrality by 2050, Eni is leveraging its expertise in decarbonization, technologies, and products to support the Games’ energy needs. Through its subsidiary Enilive, the company will supply renewable energy-based carriers, with more than 90% of fuels used to power the Games derived from renewable feedstocks. Eni will supply Hydrotreated Vegetable Oil (HVO) diesel biofuel for mobility and…
Israel’s energy ministry will launch a bid round for six multi block zones in its gas-prolific offshore around the turn of the year following a recommendation from the country’s Petroleum Council. “Natural gas is a strategic asset that strengthens our economic and political position in the world in general and in the Middle East in particular,” Energy Minister Eli Cohen said in a 9 December statement. (CONTINUED – 968 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 from high-level officials Assess future risks…
The Mineral Resources and Mining Industries Authority (MRMIA) and Canada’s Aton Mining Inc. have initialled an amended draft for the Abu Marawat concession agreement. This update to the Eastern Desert gold project is a key step toward finalizing legislative requirements and boosting investment. With a commercial discovery already confirmed, the project is now moving closer to the development and exploitation phase. Under the agreement, the company was awarded an exploitation contract covering more than 57 square kilometers (km²) in the Hamama West and Rodruin areas within the Abu Marawat region. Additionally, an area of 255.04 km² was designated as a retention area…