Author: Rigs & Barge World

Middle Eastern oil producers, including Saudi Arabia, Iraq, and Kuwait, will increase crude oil shipments to India in December. This strategic move allows the Organization of the Petroleum Exporting Countries (OPEC) members to reclaim market share as Indian refiners pivot from Russian supplies due to tightening Western sanctions. The shift follows a pause in purchases from Russia by many Indian refiners after the United States (US), the European Union (EU), and the United Kingdom (UK) imposed fresh sanctions on top Russian producers, including Rosneft and Lukoil, last month. The sanctions disrupted typical trade flows, prompting buyers in the world’s third-largest oil…

Karim Badawi, Minister of Petroleum and Mineral Resources, has appointed Alaa El-Din Abdel Fattah as the new Chairman of the Egyptian Petrochemicals Holding Company (ECHEM). He will assume the position on January 1, 2026, succeeding Ibrahim Mekki. El-Din Abdel Fattah began his career as a chemist at Alexandria Petroleum Company in 1993. He rose through the ranks until he became Assistant General Manager for Operations at the Egyptian Linear Alkyl Benzene Company (ELAB) in 2010. He then served as General Manager for Paraffin and Alkyl Production in 2017 and was appointed Chairman and Managing Director of ELAB in 2024. Badawi…

Adnoc is bullish on the long-term outlook for its core oil and gas offerings, as it invests in expanding crude oil production to 5mn b/d by 2027 and sustaining it there for the foreseeable future. “LNG will grow by 50 percent…oil [demand] will stay above 100 million barrels per day beyond 2040,” CEO Sultan al-Jaber told Abu Dhabi’s flagship Adipec conference on 3 November. Crude oil capacity currently stands at 4.85mn b/d, although associated gas processing capacity is lagging, limiting Adnoc’s ability to fully tap into its wellhead capacity without resorting to flaring. The Adnoc Gas subsidiary is charged with…

Pengerang, Malaysia — Engerang Biorefinery Sdn. Bhd., a joint venture (JV) between PETRONAS, Enilive S.p.A, and Euglena, a Japanese biotechnology company, has officially broken ground on its new biorefinery project in Pengerang, Johor, marking a significant milestone in the development of Malaysia’s renewable energy industry. Enilive S.p.A. is a subsidiary of Italy’s Eni S.p.A., created to focus on bio-refining, biomethane, and sustainable mobility as part of Eni’s broader decarbonization strategy. The upcoming facility will have a processing capacity of up to 650,000 tons of renewable feedstock annually and will produce Sustainable Aviation Fuel (SAF), Hydrogenated Vegetable Oil (HVO), and bio-naphtha.…

Egypt’s offshore remains a highly prospective area despite concerns over decline rates that have led to a sharp contraction in nationwide output in recent years. Newly incentivized terms have helped Cairo attract a wealth of major energy firms in recent months, most prominent amongst them a pair of US majors. ExxonMobil and Chevron have been increasing their Egypt offshore footprint in recent years and this week saw the pair acquire deep offshore acreage adjacent to their existing blocks in the region. (CONTINUED – 808 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news…

Egypt possesses a robust infrastructure in the oil and gas sector, and this infrastructure is fully leveraged to strengthen the country’s position as a regional hub for energy trade and exchange, said Karim Badawi, the Minister of Petroleum and Mineral Resources, during  the Egypt-Gulf Cooperation Council (GCC) Trade and Investment Forum. Badawi noted that there are “promising” opportunities to improve cooperation with the private sector in the Arab world.  He highlighted the cooperation with the Emirate of Fujairah in the UAE to establish a petroleum products trading hub on the Mediterranean Sea. In October, Egypt and the Emirate of Fujairah signed an…

Karim Badawi, Minister of Petroleum and Mineral Resources, has appointed new chairmen for Sidi Kerir Petrochemicals Company (Sidpec) and the Egyptian Linear Alkyl Benzene Company (ELAB). Ayman Hamdy Hussein El-Garem has been appointed Chairman and Managing Director of ELAB. El-Garem began his career as an engineer at Alexandria Petroleum Company in 1998, progressing to Assistant General Manager for Control and Electricity at ELAB in 2017, then General Manager for Electrical and Instrument in 2023, before this appointment. Mohamed Zakaria El-Afandi has been appointed Chairman and Managing Director of Sidpec. El-Afandi began his career as a chemist at the Egyptian Petrochemicals…

UK major BP has added 140mn cfd of gas production at Egypt’s Raven development via two infill wells drilled earlier this year, the firm announced on 4 November. “BP announces the successful start-up of its RW5 well, adding 80 million standard cubic feet per day (mmscfd) of new gas production in the West Nile Delta. Combined with the ramp-up of the RW4 well, the two new wells have together delivered an additional 140 mmscfd of gas since the start of the year,” the firm says. (CONTINUED – 313 WORDS) Read this article for free Gain access to over 60-years of…

Karim Badawi, Minister of Petroleum and Mineral Resources, met on November 8 with Badr Abdel-Atty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates, to enhance coordination for increasing foreign investments in the petroleum sector and creating new opportunities for Egyptian petroleum companies to compete globally. Abdel-Atty highlighted the importance of strengthening energy cooperation with regional countries to establish Egypt as a regional hub for energy trading, leveraging the country’s existing infrastructure. He also emphasized the value of exchanging expertise with energy-producing nations to deploy advanced technology for natural resource exploration and exploitation. During the meeting, Badawi reviewed the latest developments…

The Petroleum Projects and Technical Consulting Company (PETROJET) has been awarded the Safety Certificate Contractors (SSC) certification, marking a key step toward expanding its operations into the European market for the first time. The certification, granted after a comprehensive audit of PETROJET’s occupational health and safety systems, aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to enhance the global competitiveness of Egypt’s petroleum sector and strengthen the international presence of national companies. The company trained and certified 70 safety engineers through internationally accredited programs, underscoring its commitment to maintaining the highest safety and quality standards. The achievement…