The Egyptian General Petroleum Corporation (EGPC) has signed three new exploration agreements worth more than USD 121 million with international companies in onshore and offshore areas, Egypt’s Ministry of Petroleum and Mineral Resources announced on Sunday.
Rahul Patel, founder and CEO of Transcontinental Energy Services, talks to The Energy Year about the company’s expansion into specialised oilfield services and unconventional oil and gasfield developments in the MENA region, its strategy for Oman and its use of advanced technology such as AI. Transcontinental Energy Services is an integrated services and production company.
Despite very strong refinery runs in August, China had 1 million barrels per day (bpd) of more crude available than processed at refineries, suggesting that the world’s top crude importer continues to buy more oil than it needs, with most of the surplus likely going to storage.
In Europe, Hungary and Slovakia have been the most vocal opponents of any further squeeze on Russian oil imports. The two Central European NATO members argue such a squeeze would compromise their energy security.
Britain and the United States are set to sign a sweeping agreement to accelerate nuclear power development during U.S. President Donald Trump’s state visit this week, marking what Keir Starmer described as the start of a “golden age of nuclear.” The accord, known as the Atlantic Partnership for Advanced Nuclear Energy, is designed to streamline […]
“Uncertainties surrounding supply routes also confirm that the more pipelines there are in the region, the more certain it is that there will always be enough energy,” Bacsa added.
Kuwait Petroleum Corp. is considering leasing part of its pipeline network to help fund a $65 billion investment plan that covers everything from upstream to petrochemicals, according to people familiar with the matter.
Malaysia Airlines has received days’ worth of sustainable aviation fuel (SAF) from Petroliam Nasional Bhd (Petronas), marking the delivery of the Southeast Asian country’s first locally blended SAF, the state-owned oil and gas company said.
XRG PJSC has taken over ADNOC Distribution PJSC, ADNOC Gas PLC and ADNOC Logistics and Services PLC, ADNOC said in a recent statement. ADNOC Drilling Co PJSC’s transfer was awaiting regulatory approvals, ADNOC said.
“The rapid ramp-up to peak production at the Jotun FPSO, alongside strong performance across our portfolio, puts us on track to meet our production target of around 430,000 boed in the fourth quarter of this year”, chief executive Nick Walker said in the statement.