Author: Rigs & Barge World

Israel’s Energy Ministry approved an updated development plan for the Chevron-operated 22.3tcf Leviathan gas field on 21 August, under which capacity will be increased to 2.1bn cfd by 2029. “This plan inter alia includes drilling additional wells and upgrading the platform’s processing capacity,” the ministry said in a statement. (CONTINUED – 214 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 link

First gas from the Miran field in the Kurdistan Region of Iraq could be achieved as soon as 2027, making it the semi-autonomous region’s third non-associated gas field to come online. The joint venture partners, US firm HKN Energy and local conglomerate Onex Group, signed a binding term sheet with the Kurdistan Regional Government (KRG) in May to develop the field, and expect a production sharing contract (PSC) to be signed within a month. Kurdistan’s oil and gas sector is subject to considerable geopolitical risks, but there are now indications that the situation is improving. Progress on the Miran gas…

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Shailender Sinha, (MAusIMM), Vice President of Exploration at the UAE-based International Resources Holding (IRH), and Conrad Alderton, IRH Principal Geologist.This is the last in a series of meetings between Badawi and the company’s officials this month. During the meeting, Badawi pinpointed that the ministry is preparing to conduct a comprehensive nationwide geological survey and inventory, leveraging cutting-edge technology to identify all of Egypt’s mineral resources. The primary goal of this extensive program is to create a complete and accessible database of geological information for potential investors. Minister Badawi noted that…

However, as critics point out, these models are essentially sophisticated pattern recognition engines. They’re brilliant at processing vast amounts of data and generating plausible text, but they often lack true reasoning, logic, or a fundamental understanding of the world. In short, they are no match for human potential on the same fronts. For example, a human can instantly recognize a mango with a simple glance, relying on a lifetime of learned context and intuitive processing. An AI model, however, has to go through a much more resource-intensive process to make the same decision: it requires a high-resolution image, vast amounts of…

Gulf Keystone announced this week that it has restarted production at its Shaikan oil field in the Kurdistan Region of Iraq. The field was shut-in as a precaution on 16 July following drone attacks on neighboring oilfields. Prior to the closure it was producing around 41,000 b/d. The firm announced on 13 August that production had “recently restarted at the Shaikan Field following a security assessment and consultation with the Kurdistan Regional Government.” It did not state when production resumed or at what level, and says that further information will be provided on 28 August when it announces its H1…

Alexandria National Refining & Petrochemicals (ANRPC) maintained high productivity during the fiscal year 2024/2025 producincg 1.6 million tons of high-octane gasoline, in addition to other high-value products, ANRPC Chairman Sayed Al Rawy told attendees of the company’s general assembly, headed by Minister of Petroleum and Mineral Resources, Karim Badawi. Al Rawy presented the company’s experience to convert the main boiler to operate on hydrogen , a development which contributed to utilizing 12,000 tons of hydrogen-rich gases annually. This resulted in a reduction of natural gas consumption by about 20,000 tons per year. El-Rawi pointed to the development work carried out…

Middle East Oil Refinery (MIDOR) has raised its operating capacity to 160,000 barrels per day (bbl/d), driven by its new expansion plans aiming at boosting local production and reducing reliance on imports. Karim Badawi, Minister of Petroleum of Mineral Resources, was briefed on MIDOR’s performance indicators during his visit to the company as part of his tour of the petroleum refining projects in Alexandria.  MIDOR Chairman and CEO Amr Lotfy and the team boasted the production rates and operating conditions in light of the recent expansions, confirming the refinery’s capability to provide products that comply with European Euro 5 European…

Egypt’s oil output fell to 513,000 b/d in Q2, the lowest level since the early 1980s (see chart).  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, the American oil giant, has signed a Principle Agreement with the Iraqi Oil Ministry to develop the Nasiriyah Project, including four exploration blocks, the Balad oil field, as well as other producing fields and exploration blocks, according to a press statement by the office of the Iraqi Prime Minister, Mohammed Al Sudani. During his meeting with Chevron Vice President Frank Mount and the accompanying delegation, Al Sudani commended Chevron’s role in bringing advanced oil technology to Iraq, supporting local communities, and implementing responsible environmental practices in its projects. He hailed its decision to resume its activities in Iraq, emphasising…

Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone (SCzone) signed a Memorandum of Understanding (MoU) for cooperation on green hydrogen with TANAKA Shin-ichi, Director General of the  Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government, on August 20. The signing ceremony took place in the presence of Tokyo Governor Yuriko Koike and Prime Minister Mostafa Madbouly, on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9), held in the Japanese city of Yokohama. Madbouly emphasized that this cooperation with Japan as a development partner is of great importance to the Egyptian…