Author: Rigs & Barge World

The Natural Gas Vehicles Company (Cargas) received a delegation from the Nigerian Petroleum Sector, which was briefed on the  Egyptian experience in converting cars to run on compressed natural gas (CNG), as one of the most prominent environmental and economic solutions in the alternative energy sector. The delegation also listened to a detailed explanation of the conversion mechanisms and the modern technologies used, in addition to a review of the environmental and economic benefits associated with using natural gas as a clean and cost-effective fuel. Cargas specialises in converting gasoline-powered vehicles to run on CNG.  It operates and expands CNG…

Agiba Petroleum Company, a joint venture between the Egyptian Petroleum Company (EGPC) and the Italian energy giant Eni, has increased the production rates from its Iris and Arcadia West areas in the Western Desert to 12,000 barrels of oil equivalent per day (boe/d ), thanks to the Iris-5 well beginning operation, adding 2,000 barrels per day (b/d). The Ministry of Petroleum and Mineral Resources (MoMPR) noted that the use of advanced technologies, including 3D seismic surveying, has opened new opportunities for exploration in the Western Desert. This has helped maximize the potential of the Masajid geological formation, increasing production of the…

The Global Hydrogen Organization (GH2) has called for urgent action to unlock innovative financing tools and build stronger demand for green hydrogen in Egypt and the wider MENA region. The call was made during the 2025 Cairo Regional Forum on Financing Renewables, Green Hydrogen, and Green Ammonia, organized by the GH2 International Green Hydrogen Centre of Excellence at Nile University in Giza. GH2 is a non-profit foundation aiming to accelerate the production and use of green hydrogen across a range of sectors as a cornerstone of the energy transition. “Our mission is to help the large-scale green hydrogen economy grow…

Global natural gas demand rose to 4,122 billion cubic meters (bcm) in 2024, marking a 1.9% year-on-year increase, driven mainly by strong consumption in Asia and North America. This growth was fueled primarily by the power generation sector, with extreme summer heatwaves boosting gas-fired electricity needs, according to the International Gas Union’s (IGU) Global Gas Report 2025. On the supply side, global output rose by 65 Bcm, reaching 4,090 Bcm, led by hikes in outputs in the Middle East and Russia, with smaller increases in Asia and North America. Regional demand patterns diverged in H1 2025, with Europe leading at…

Yassin Mohamed, First Undersecretary of the Ministry of Petroleum and Mineral Resources and supervisor of environment, safety, energy efficiency, and climate, visited Methanex Egypt’s factory in Damietta Governorate. Reflecting the ministry’s commitment to embedding a culture of occupational health and process safety as a strategic pillar of the sector, the visit highlighted the long-standing partnership with Methanex to strengthen process safety systems across petroleum, gas, and petrochemical operations. It featured a field tour of the site to review operational processes, control and prevention mechanisms, and the safety systems in place. Moreover, the Methanex Egypt team showcased the company’s achievements in…

The Egyptian General Petroleum Corporation (EGPC) and the Nigerian National Petroleum Corporation (NNPC) have agreed to expand future cooperation and increase the contribution of Egyptian petroleum companies to development projects in Nigeria. This comes on the back of the experience that Egyptian petroleum companies have in operating projects in different African countries, as well as the good track record that the Egyptian Projects Operation and Maintenance (EPROM) has in operating Nigeria’s refineries. The agreement was made during the visit of a NNPC delegation to Egypt, where it met with Salah Abdel Kerim, EGPC Chairman. Additionally, Abdel Kerim noted that Egypt’s…

The Minister of Petroleum and Mineral Resources, Karim Badawi, received Abby Badwi, CEO of Canadian Tag Oil,  operating in Egypt’s Badr-1 field in the Western Desert, to discuss the company’s plans to expand its exploration and production activities, particularly from unconventional resources. Egypt’s Minister said that the Western Desert still has promising oil and gas resources, noting that the petroleum sector is committed to cooperating with international companies to utilize cutting-edge technologies in exploiting these resources. For his part, the company’s CEO explained that Tag Oil has an ambitious plan to grow its operations in the Western Desert, utilize unconventional…

Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a field visit to the natural gas production facilities of the North Sinai Petroleum Company (NOSPCO) in the Mediterranean. Accompanied by leaders from the sector, the Minister followed up on the operation of the Phase III “B” project wells “B” project wells, which generate an output of 34 million cubic feet per day (mmcf/d) of natural gas. Bringing new wells into production reflects the success of the petroleum sector’s strategy to gradually expand local output, which helps secure the domestic market’s demand for natural gas, and reduces the import bill, Badawi…

During the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company in a statement. This agreement follows a previously signed memorandum of understanding (MOU) focused on the Bin Umar development project and the completion of a pre-Front End Engineering and Design (pre-FEED) study. This project is set to recover as much as 300 million standard cubic…

Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance Ghana’s goals of ensuring reliable, affordable, and environmentally responsible energy. The scope of the agreement targets the potentials of developing the Eban-Akoma field in Cape Three Points Block 4. One of the main initiatives currently under consideration is boosting the production capacity of the OCTP…