Author: Rigs & Barge World
Eni’s oil and gas production from its global portfolio rose by over 7% year on year (YoY) during Q4 of 2025, reaching 1.84 million barrels of oil equivalent per day (boe/d), thanks to the accelerated start-ups and ramp-ups as well as excellent base business performance, the company said in a statement. The company’s Adjusted net income reached €1.2 Bn, marking a 35% YoY increase, while cash flow from operations rose 4% to €3 Bn. This came as Eni’s Board of Directors, chaired by Giuseppe Zafarana, the company’s chairman, approved the unaudited consolidated results for the fourth quarter and the FY…
1: Between 2023 And 2025* Nama PWP Revised Up Its Peak Demand Expectations For The Mis Grid (GW) 2: Oman Plans To Reach 30% Renewable Energy Generation By 2030 (TWh) 3: Oman Plans To Add 10.6gw Of Renewable Capacity By 2031 (GW) 4: Nama PWP Expects Gas For Power In Oman To Fall ~30% After 2027* (BCM) Oman’s Power Grid Interconnection Project Source link
In its February 2026 report, the Global Solar Council (GSC) praised Egypt’s strategic efforts to diversify its energy mix and bolster green electricity exports, solidifying the nation’s standing as a regional hub for sustainable energy, noted a statement by the Egyptian Cabinet. The statement also pointed out that Norway’s Scatec has announced the commencement of commercial operations at its Obelisk solar project in Nagaa Hammadi. The facility marks Egypt’s first hybrid renewable energy plant, integrating solar Photovoltaic (PV) generation with advanced battery storage technology. The Obelisk project is designed to enhance the flexibility and resilience of the national power grid…
Badr Petroleum Company recorded an average daily production of 6500 barrel of oil equivalent (boe/d), achieving its targets for the first half (H1) of the fiscal year (FY) 2025/2026, said Ibrahim Massoud, the company’s chairman. Massoud added that two development wells were drilled, contributing to higher natural gas production rates, with the second well scheduled to be brought online next week. This came during the general assembly meeting of the Badr Petroleum Company to review the amended investment plan for the FY 2025/2026, including the addition of new development wells at the Badr-1 field, boosting production outputs. the Western Desert…
The US Treasury Department would grant licenses for companies that want to resell Venezuelan oil to Cuba’s private sector, according to Reuters. The move aims to alleviate the island’s acute energy crisis following the halt of Venezuelan oil shipments in January. The crisis intensified after Washington assumed control of Venezuela’s oil exports following the capture of leader Nicolas Maduro. The Treasury’s guidance clarifies that authorized transactions must exclusively support the Cuban people, including the private sector. Any transactions involving or benefiting the Cuban military or government institutions remain prohibited. This policy shift follows statements from US President Donald Trump, who…
Media release: Minister King’s rebuke of EDO reinforces need for action on activist lawfare | Australian Energy Producers Skip to content Source link
The first phase expansion lifts capacity at Tamar from 1.0bn cfd to 1.1bn cfd, the US major told MEES on 11 February. “Chevron Mediterranean Limited (CML) can confirm that Phase One of the Tamar Optimization Project has been completed,” the company said. “Phase One included the installation of a new third 150 km pipeline from the Tamar field to the Tamar Production Platform.” (CONTINUED – 851 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 and opportunities Source…
Saudi Aramco has halted Liquefied Petroleum Gas (LPG) exports from its Juaymah terminal in eastern Saudi Arabia after structural damage to part of the delivery system carrying propane and butane, according to Reuters. The incident occurred on February 23, prompting Aramco to activate its emergency response plan. Propane and butane shipments scheduled from Juaymah over the next few weeks have been canceled, while the company evaluates the scope and duration of the impact. The company reported no leaks or injuries, and exports from its West Coast facilities remain unaffected. The outage was caused by the collapse of a portion of…
President Abdel Fattah El-Sisi held a meeting with Terje Pilskog, Norway’s Scatec CEO, and Lei Zhang, the Chairman of the Chinese Envision Energy, to discuss expanding renewable energy investments and green hydrogen collaboration, according to a presidential statement. The President highlighted that strengthening partnerships with leading international companies is essential to meet the growing domestic and global demand for renewable energy generation. This strategy aims to secure and enhance energy supply chains while transitioning toward a sustainable green economy. Discussions focused on Egypt’s strategic goal to become a regional hub for clean energy by attracting foreign direct investment (FDI) into…
Adnoc is moving ahead with its unconventional program, and this year will be pivotal for its ambitions. Until now, unconventional development has been firmly in a de-risking phase, with its Adnoc Drilling subsidiary more than halfway through a 144-well first phase campaign. Adnoc is now preparing to enter the next phase and discussions are underway with concession partners over taking FID in the coming months. “The Adnoc team is working on the FIDs in terms of their submissions as we speak… and the negotiations with the concession partners are going on as we speak. So the FIDs are well on…