Author: Rigs & Barge World

The Executive Committee of the Egypt Energy Show (EGYPES 2026) convened its second meeting, chaired by Karim Badawi, Minister of Petroleum and Mineral Resources, to oversee preparations for the event’s ninth edition. Held under the patronage of President Abdel Fattah El-Sisi, the conference and exhibition are scheduled to run from March 30 to April 1, 2026. Badawi emphasized that the 2026 edition of EGYPES represents a vital opportunity to present an integrated vision that reflects Egypt’s standing as an attractive investment destination, thereby strengthening regional and international partnerships in the energy sector. He noted that EGYPES will bring together senior…

Syria is marketing itself as a returning oil and gas province with proven hydrocarbon systems, and Youssef Qablawi, CEO of the Syrian Petroleum Company (SPC), was in London this week to drum up business. In a sign of how fast the geopolitical chessboard has changed, Mr Qablawi addressed the first day of the International Energy Week (IE Week) conference on 10 February, where he touted the “much improved” security situation. “Syria is a hotspot…open to opportunities…and everyone wants a piece of the cake,” he declared. SPC has made some early progress. Last week, it signed an MoU with Chevron for…

Ganoub El Wadi Petroleum Holding Company (Ganope), in cooperation with the Egyptian Petroleum Exploration Society (EPEX), organized a workshop to promote the 2025 Red Sea International Bid Round, which is scheduled to close on May 3rd, 2026. This comes within the framework of the Ministry of Petroleum and Mineral Resources (MoPMR )’s strategy to create new investment horizons and expand exploration areas. The workshop was inaugurated by Ahmed Abd El Fattah‏, EPEX’s Chairman. Meanwhile, Mohamed Radwan, Ganope Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway (EUG) Project Manager at the Ministry of Petroleum, emphasized the workshop’s importance in…

TotalEnergies’ strategy of prioritizing investments in low-cost MENA barrels is bearing fruit, with net output from the region continuing to set new records. Net MENA liquids output for 2025 of 681,000 b/d was up 37,000 b/d on the previous year’s record (see chart) both in absolute terms and as a share of its global portfolio (44.4%). 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 link

Chevron Corporation, the American upstream-focused producer, has signed lease agreements with the Hellenic Republic, paving the way for hydrocarbon exploration in four offshore blocks in Greece, in partnership with HELLENiQ ENERGY, a leading energy group in Southeast Europe. A lease agreement is a legal contract that grants a company the right to use or explore land or offshore areas owned by a government (or another party) for a specific period, under agreed-upon terms and conditions. The blocks are located south of Crete and south of the Peloponnese, as well as in Block A2 in the Peloponnese region. The consortium, comprising…

Modern Gas, an Egyptian joint stock company, has signed an agreement with Talaat Moustafa Group to implement centralized gas networks for the residential city of Banan Riyadh, Saudi Arabia, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Talaat Moustafa is developing the city over a total area of 10 million square meters. The first phase, worth SAR 24 million and covering 4 million square meters, will include the implementation of gas networks by Modern Gas, which will also operate the system. The project is carried out in partnership with Egyptian FAJR Natural Gas Company and…

Adnoc Gas notched up record profits of $5.17bn last year despite what it described as a “mixed pricing environment.” The 3.3% increase in profits was supported by a 4% increase in domestic gas sales volumes to a record 2,420 trillion Btu. Describing 2025 as a defining year for Adnoc Gas, CEO Fatema al-Nuaimi said the company “is strategically positioned to serve both the UAE and international markets with confidence and discipline.” (CONTINUED – 812 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…

Türkiye has begun the deployment of its deep-sea drilling vessel, Cagri Bey, to Somalia, marking the country’s first offshore exploration mission beyond its own maritime jurisdiction, according to Reuters. Energy Minister Alparslan Bayraktar described the deployment as a landmark step in Türkiye’s oil and gas exploration strategy, noting that the vessel is scheduled to begin drilling operations at the Curad-1 well off the Somali coast in April. Speaking during a ceremony at Tasucu port in the southern province of Mersin, Bayraktar indicated that the mission represents the first time a Turkish deep-sea drilling ship has operated outside national waters. He…

Lukoil presented Iraq with a “settlement and assignment proposal” on 11 February to transfer its 75% stake and settle outstanding debts and tax disputes at the 480,000 b/d-capacity West Qurna-2 (WQ-2) oilfield, according to multiple sources. The proposal would allow Iraq either to strike a deal with US major Chevron to take over the field or to move toward nationalizing operations. Since the US imposed sanctions on Russia’s Lukoil in November, Baghdad has been in talks to bring in an alternative operator to ensure continuity at the giant field (MEES, 14 November 2025). (CONTINUED – 1172 WORDS) Read this article…

The United States and Iran are convening in Geneva, Switzerland, today for a second round of negotiations centered on four core issues. While Iran insists on limiting the agenda to uranium enrichment, the United States and Israel are pushing to include Iran’s ballistic missile program and its support for regional militant groups like Hamas, Hezbollah, and the Houthis. Iran maintains that these additional topics are strict red lines.Regarding enrichment, President Trump recently stated he opposes Iran maintaining any level of enrichment capabilities. On the military front, the US and Israel seek to cap Iran’s missile range at 300 km, a…