Author: Rigs & Barge World

Eni, the Italian oil and gas giant, announced that its oil and gas production has recorded 1.76 million barrels of oil equivalent (mmboe/d) in the third quarter (Q3) of 2025, jumping 6% compared to Q3 2024 and 5% compared to quarter two (Q2) 2025. For 2025 outlook, Eni raised expectations for the oil and gas production to a 1.71-1.72 mmboe/d range, implying a quarter four (Q4) level of around 1.8 mmboe/d. The company stated that this increase is a result of accelerated and smooth start-ups and ramp-ups, strong operational continuity and optimized turnaround activity. The exploration and production (E&P) segment…

Prime Minister Mostafa Madbouly has inaugurated the gas recovery project at Nasr Petroleum Company (NPC)’s refinery in Suez Governorate with a cost of EGP 1.1 billion. Executed through PETROJET as the general contractor, the project is designed to produce 340,000 tons annually of butane and naphtha, a key feedstock for high-octane gasoline production. According to Karim Badawi, Minister of Petroleum and Mineral Resources, the project enhances the added value and economic benefit of natural gas by utilizing it through processing units rather than flaring. During his visit, Madbouly inspected ongoing development works to boost production at the refinery, established in 1911,…

Bahrain’s $7bn Bapco Modernization Project (BMP) is hitting its straps, with throughputs at the Sitra refinery increasing significantly in recent weeks. Exports from the refinery jumped to 340,000 b/d in September, well above the previous record of 267,000 b/d, according to data intelligence firm Kpler. Volumes are on track to surpass this figure in October, with exports averaging 384,000 b/d so far this month (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…

Iraq’s Ministry of Oil highlighted that the Kirkuk Fields Development Project will raise oil and gas production and curb flaring through effective investment, with the Ministry noting that it will also revive economic activity in the surrounding areas. The first meeting of the Joint Management Committee for the project, led by bp, was recently held to kick off the program. The meeting was chaired by the Undersecretary of the Ministry of Oil for Extraction Affairs, Bassem Mohammed Khudair, and attended by officials from bp. They discussed the development program and plans for the four fields: Jambur, Bai Hassan, Kirkuk, and…

Between logistical issues and US pressure over Iran, exporting refined products is proving a difficult task for Iraq. State Oil Marketing Or… Source link

Saudi Arabia’s Advanced Petrochemical’s revenues soared in Q3 thanks to the commissioning of the Advanced Polyolefins Industry Company (APOC) joint venture between Advanced (85%) and Korea’s SK Gas (15%). The Apoc facilities at Jubail are centered around an 843,000 t/y capacity Propane Dehydrogenation (PDH) plant alongside two polypropylene plants with combined capacity of 800,000 t/y and a 70,000 t/y isopropanol (IPA) unit. The complex started up in July after conducting trial runs earlier in the year (MEES, 18 July). Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by…

Aramco radically reshaped supply chains for its 400,000 b/d Jazan refinery last year to protect against Houthi attacks on shipping in the southern Red Sea. The refinery’s location on the Red Sea coast less than 100km from the Yemen border meant it was always especially vulnerable to potential cross-border Houthi attacks, especially as it was designed to run on Arab Medium feedstock shipped from Saudi Arabia’s Gulf coast terminals. In order to mitigate against this risk, Aramco stopped transfers of Arab Medium from the Gulf coast to Jazan in July 2024 and instead began supplying the refinery with a blend…

The global economy has been buffeted by US policy volatility this year, most notably over trade tariffs, with policymakers and businesses across the globe struggling to keep up with an everchanging outlook. This volatility has been reflected in economic outlooks from major forecasters. Having downgraded its global economic growth expectations for 2025 by 0.5 percentage points to 2.8% in April (MEES, 25 April), the IMF revised its outlook for the year up to 3.2% last week. The latest World Economic Outlook (WEO) says that although the impact of tariffs has been tempered, risks remain firmly tilted to the downside; “Prolonged…

Karim Badawi, Minister of Petroleum and Mineral Resources, issued a new round of transfers and appointments in the departments of administrative affairs at several petroleum companies. The move aims to support leadership positions with diverse competencies and expertise and contribute to achieving the Ministry’s objectives. Mohamed Mostafa Mohamed Sayed has been appointed as Assistant Chairman for Administrative Affairs at the Gulf of Suez Petroleum Company (GUPCO). In 2023, Mohamed served as the General Manager for Administrative Affairs at Agiba Petroleum Company, and then as Assistant Chairman for Administrative Affairs at the company. Ahmed Sharaf El-Din Ahmed Mohamed has been appointed…

Yemen’s southern port city of Aden suffered a widespread blackout on 19-20 October amid fuel shortages. Aden is both the capital and largest city of the internationally recognized government-controlled areas in Yemen. On 19 October, the General Electricity Corporation in the city announced that all power stations in Aden were offline, with only the nearby PetroMasila (Al Rais) power station running on a fraction of its 264MW capacity. (CONTINUED – 717 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…