Author: Rigs & Barge World

Burullus Gas Company has brought two new wells in the deepwater West Delta area of the Mediterranean onstream. The two wells have a total  production of 60 million cubic feet per day (mcf/d) of natural gas, according to a statement by the Ministry of Petroleum and Mineral Resources. The new wells are expected to help reduce the gap between production and consumption in the local market, particularly during the summer months when demand is typically higher. The first of the two wells, Sapphire South Central DP, is the third to come onstream under Phase 11 of the West Delta Deep…

The general assembly meeting of Nasr Petroleum Company’s (NPC), was briefed on the developments in the company’s projects especially the new Vapor Recovery Unit (VRU), a technique to capture and recover harmful emissions, together with other plans aiming at increasing the production of its high-value petroleum products, and produce 340,000 tons of butane gas per year (t/y). Moreover, NPC’s chairman, Mohamed Abdullah, shed light on several of the company’s rolled out projects in alignment with the  fifth axis of the ministry’s strategy, related to safety, environmental preservation, and energy rationalisation. The projects include the construction of a seawater desalination unit…

Minister of Petroleum and Mineral Resources, Karim Badawi, has announced a round of transfers and assignments that included head of central administration at the Ministry, deputies to CEOs at the Egyptian General Petroleum Corporation (EGPC), as well as chairmen of some petroleum sector companies. The reshuffle aims to support petroleum entities with experienced calibres as well as fill the positions left vacant by recent retirements, said the ministry on Friday. Mohamed Ali Assy has been appointed as Head of the Central Administration for Financial, Commercial, and Economic Affairs at the Ministry. Assy started as an accountant in 2000 at the…

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…

China’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of what will be the world’s largest integrated green hydrogen and green ammonia facility in the country, Reuters reported. The project will harness wind and solar energy to produce about 400,000 metric tons of green hydrogen and 2.8 million tons of green ammonia each year. Under the agreement, the company’s subsidiary, Sinopec Engineering Group, will handle the front-end engineering design as well as the convertible engineering, procurement, and construction work…

Abu Qir Fertilizers and Chemical Industries posted a 31% decline in its net profit for the fiscal year ending in June 2025 compared to the previous year to settle at EGP  9.34 million, according to a statement sent by the company to the  Egyptian  stock exchange. The company’s unaudited results included an amendment in the classification of expenses accrued due to the temporary closure of the company’s facilities. While the statement didn’t mention the reasons for the shutdown, it is most probably related to the period when the government stopped natural gas supplies to fertiliser factories due to a shortage…

ADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG) annually, mainly from ADNOC’s lower-carbon Ruwais LNG project. According to the agreement, LNG shipments will be delivered to ports across India, helping to meet the nation’s rising energy demand while strengthening its energy security. By 2029, ADNOC will supply IndianOil with a combined 2.2 mtpa of LNG, making the company its largest customer. This volume will include 1.2 mtpa from Das Island operations and 1 mtpa from the…

As Bahrain enters the final weeks of the sweltering summer season, the island kingdom is wrapping up its first ever summer of LNG imports. Five years after commissioning its $1bn LNG import terminal at the end of 2019, Manama has joined neighbors Kuwait (MEES, 22 August) and Dubai as an importer of the fuel (MEES, 13 June). A total of six cargoes amounting to 440,000 tons have so far been discharged at the island’s import terminal since May. The Bahrain LNG import terminal has regassification capacity of 800mn cfd (5.9mn t/y) and send-out capacity of up to 500mn cfd, leaving…

Badr El Din Petroleum (BAPTECO) has produced an average of 53,000 barrels of oil equivalent per day (boe/d) this year, drilled 18 wells and carried out 79 well workover and recompletion operations with total investments amounting to $183 million, Chairman Ashraf Abdel Gawad told the company’s general assembly, chaired by Minister of Petroleum, Karim Badawi. This meeting, held to approve the company’s results of the fiscal year (FY) 2024/2025, was attended by petroleum Sector leaders as well as representatives of BAPTECO’s international partners in the Western Desert, Cheiron and Capricorn Energy. Badawi confirmed that international companies operating in the Western…

In a meeting with Mostafa Madbouly, Egypt’s Prime Minster, Karim Badawi, Minister of Petroleum and Mineral Resource, reviewed the expansion plans for various exploration and discovery activities, as well as the efforts to attract more international companies to invest in this promising sector. Badawi emphasized that all available opportunities and potential in the oil and gas fields are being maximized. He also highlighted the recent developments in the activities of international companies working in the sector in Egypt. In this context, Badawi referred to the recent announcement regarding the successful drilling of the North Lotus exploration well, which was drilled…