Author: Rigs & Barge World

A rocket attack struck a liquid storage tank at Iraq’s Khor Mor gas field, one of the largest in the Kurdistan region, forcing a halt in production and causing major power cuts across northern Iraq, joint field operator Dana Gas confirmed on Thursday, November 27, as reported by Reuters. The attack, which occurred late on Wednesday and caused no casualties, impacted the facility responsible for supplying natural gas for regional power generation but did not affect oil production or exports. Moreover, the attack hit a liquid storage tank that is part of new facilities partially financed by the US and…

ADNOC Gas, the integrated natural gas company and a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a long-term agreement with Emirates Steel Arkan (EMSTEEL), one of the Middle East’s largest integrated steel and building materials producers. The deal, valued between $3.5 billion and $4.2 billion, will secure a stable supply of lower-carbon natural gas to EMSTEEL over 20 years starting January 1, 2027. The agreement strengthens a long-standing partnership between the two companies. It also underscores their shared commitment to supporting sustainable industrial development in the United Arab  Emirates (UAE). Under the deal, ADNOC Gas will provide reliable…

Egypt is set to host one of the largest integrated phosphate industrial complexes in the Middle East in the Suez Canal Economic Zone (SCZone). Al-Seweedy Industrial Development and CJN Company, the Chinese global leader in the phosphate industries, signed the deal to establish the complex in the presence of  Prime Minister Mostafa Madbouly. The major project, with targeted investments of approximately $1 billion across all phases, is located within the “Sokhna 360” integrated industrial city in SCZone on an area of 905,000 square meters (m²) The project is expected to create around 10,000 direct and indirect job opportunities and will…

On the sidelines of his official visit to Australia, Karim Badawi, Minister of Petroleum and Mineral Resources, met with executives from three Australian firms: Capital Drilling, Hunter, and Bell Potter. The meetings focused on attracting new foreign investments, supporting the expansion of existing operations, and securing crucial financing for exploration projects within Egypt’s mining sector. The discussions are part of the Ministry’s efforts to leverage Egypt’s mineral wealth and bolster the new investment climate. Badawi discussed Capital Drilling’s plans to expand its existing mining drilling operations in Egypt with Jamie Boyton, Executive Chairman, and Brian Rudd, Executive Director. According to…

Egypt’s decision to install four floating storage and regasification units (FSRUs) was aimed at increasing security of supply and reducing its dependence on piped Israeli gas amid growing tensions between the two countries (MEES, 4 July). While many market onlookers had assumed Cairo’s reliance on the FSRUs would be reduced during the milder autumn and winter months, the planned shutdowns of Israel’s Chevron-operated 1.0bn cfd Tamar and 1.2bn cfd Leviathan during portions of October and November have meant LNG imports continue at near record levels. In late October, Tamar was shut in for 12 days, and on 11 November Leviathan…

The Ministry of Petroleum and Mineral Resources (MoPMR) took part in the 16th Kuwait Week in Cairo, held under the patronage of Egyptian Prime Minister Mostafa Madbouly. The ministry participated with a dedicated pavilion in the Egyptian-Kuwaiti Companies Exhibition, featuring several of its key entities, including the Egyptian Mineral Resources Authority (EMRA), the Petroleum Projects and Technical Consultations Company (Petrojet), the Engineering for the Petroleum and Process Industries (ENPPI), the Egyptian Drilling Company (EDC), Petroleum Marine Services (PMS), and the Modern Drilling Company (MDC). This year’s Kuwait Week brought together more than 80 Egyptian and Kuwaiti institutions across sectors such…

Statement attributable to Australian Energy Producers Chief Executive Samantha McCulloch Today’s decision by the Albanese Government to strike an agreement with the Greens on environmental law reform is a squandered opportunity to address the significant costs and delays in delivering gas to Australian consumers.  Carving gas out of streamlined reforms is simply not in the national interest. The deal will entrench slow approvals which will drive up energy costs, deter investment and further delay the new gas supply Australia urgently needs.  More than 5 million Australian households rely on natural gas, it is an essential input to manufacturing and is…

Karim Badawi, Minister of Petroleum and Mineral Resources, appointed Mohamed Awad as Chairman and Managing Director of Petrosilah Petroleum Company. The decision also included the appointment of Mostafa Abdel-Moneim Abbas as General Manager of Operations for the company. According to the Ministry’s statement, this strategic leadership change is part of the sector’s broader strategy to support efficiency and integrate fresh talent and expertise into key production sites. Awad holds a Bachelor’s degree in Engineering from Suez Canal University in 1994. He began his career in the sector in 1997 as an engineer at PetroGulf, where he progressed through various roles. By…

Egypt’s gas deficit averaged a record 2.53bn cfd last quarter as domestic demand spiked during the high-demand summer season. The deficit represented a 52% increase on the previous quarter and was 43% higher than the same period last year. The previous record of 1.77bn cfd in Q2 last year has been smashed. Gas demand was up 16% quarter-on-quarter to 6.62bn cfd and 4% year-on-year for Q3, coming in just below 3Q21’s record of 6.65bn cfd. This included a monthly record of 6.83bn cfd for August (MEES, 24 October), before dropping back to 6.71bn cfd in September as temperatures cooled. (CONTINUED…

Energean, the international energy company focused on natural gas exploration and production, announced that its Egyptian assets showed “an excellent performance” during the first nine months of 2025 with production of 29,000 barrels of oil equivalent per day (boe/d), according to its latest trading update report. The strong Egyptian performance offset the effect of a decline in production at the company’s interest in the Cassiopea Field, Italy. The report pointed out that Energean’s average production through the nine months ending September 30, 2025, came in at 151,000 boe/d, which is slightly lower than the 156,000 boe/d posted for the corresponding period…