Author: Rigs & Barge World
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The African-Australian mining and energy conference, Africa Down Under (ADU), the largest African mining event held outside the continent, concluded in the Australian city of Perth on September 5. This year’s edition saw the first official Egyptian participation by a delegation headed by Karim Badawi, the Minister of Petroleum and Mineral Resources.Also present at the conference was Chairman Yasser Ramadan, who highlighted the mining sector’s potential, backed by strong infrastructure. The Egyptian participation aimed to present the high potential of the Egyptian mining sector for Australian companies in light of the more favorable investment environment, simplified licensing procedures, and enhanced…
Petroleum Pipelines Company (PPC) has completed the SCADA system for automated monitoring, control, and early detection of pipeline leaks. The system protects pipelines from tampering and theft, said Haggag Rabie, the company’s chairman. The project is one in a package of projects recently undertaken by the company to replace, renew, and increase the efficiency of petroleum product pipelines nationwide. A key objective of these projects was to secure the necessary fuel supplies for electricity plants as the primary consumers. The total cost of these projects amounted to EGP 3.3 billion. Rabie explained the status of ongoing projects aimed at maximizing…
During his visit to the UAE, Karim Badawi, the Minister of Petroleum and Mineral Resources, inspected the headquarters of the Engineering for the Petroleum and Process Industries (ENPPI) company branch in UAE capital Abu Dhabi. This followed the signing of a cooperation agreement in mining and finance with the Emirati International Resources Holding Company (IRH). The Minister’s visit came in support of the role of Egyptian petroleum project companies in carrying out projects outside of Egypt with major Arab national companies and institutions. During the visit, ENPPI’s team in the UAE delivered a presentation on the company’s key ongoing projects…
Saudi Aramco and Iraq’s State Organization for the Marketing of Oil (SOMO) have halted selling crude oil to India’s Nayara Energy, to align with the sanctions imposed by the European Union on the refinery. This is due to its majority bring owned by Russian companies, including Rosneft, Reuters reported. EU sanctions have caused several payment complications, especially with SOMO. The most recent cargo of Basra crude from SOMO was discharged for Nayara by the Kalliopi, a very large crude carrier (VLCC), at Vadinar port on July 29. Furthermore, the Nayara refinery received 1 million barrels (mmbbls) of Arab Light aboard…
TotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with an 80% interest, while SAPETRO holds the remaining 20%. The blocks, PPL 2000 and PPL 2001, were awarded in the 2024 Exploration Round organized by the Nigerian Upstream Petroleum Regulatory Commission. Located in the prolific West Delta basin, the two licenses span around 2,000 square kilometers. The initial work program commits the partners to drill one exploration well. “TotalEnergies is honored to be the first international company to be awarded exploration…
Meanwhile, tensions have been growing in the Caribbean Sea over the last couple of weeks as the United States has increased its military presence off the coast of Venezuela, a country with the world’s largest proven oil reserves. Venezuelan President Maduro, who has a $15 million bounty on his head, believes this military build-up is a pretext for an invasion and regime change. He has stated that his troops would fight back and that any invasion would affect all of South America. While a full-scale invasion is unlikely, the US appears determined to change the status quo in the name of…
African Energy Week (AEW) 2025: Invest in African Energies – taking place from September 29 to October 3 in Cape Town – will host a distinguished group of regulatory, policy and advisory leaders from across Africa and beyond. Participants include Dr. Zwanani Titus Mathe, CEO of the South African National Energy Development Institute (SANEDI); Mor Bakhoum, Technical Secretary of Senegal’s ST-CNSL; Oneyka Cindy Ojogbo, Deputy Managing Partner at CLG; Khaled Abu Bakr, Vice President of the International Gas Union, and Chairman of Go Gas; Leonardo Sempertegui, General Legal Counsel at OPEC; and Mohammed Attaba, Senior Downstream Oil Industry Analyst at…
Three European nations, the United Kingdom, Germany, and France—known as the E3—have initiated the long-awaited snapback mechanism against Iran. This mechanism, a key component of the 2015 Iranian nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), allows any of its signatories to automatically reinstate all United Nations (UN) sanctions against Iran if it’s found to be in “significant non-performance” of its commitments.The snapback process is designed to be veto-proof, giving any signatory—except for Germany, which does not have veto power at the UN—strong leverage. The E3 nations officially informed the UN Security Council of their decision…
Minister of Petroleum and Mineral Resources Karim Badawi took part in the opening of the Africa Down Under (ADU) Mining and Energy Conference in Perth, Australia. Running from 3 to 5 September, the event is the leading platform for trade and investment ties in the mining sector between Africa and Australia, and has been the largest African mining gathering held outside the continent since its launch in 2003. The opening was attended by a number of mining ministers from African countries and senior officials in Australia. Egypt’s participation highlighted the reforms and investment opportunities available in the mining sector to…