The Ministry of Petroleum and Mineral Resources has succeeded to deliver natural gas to 8 million housing units in nine years which represents 56% of the total number of houses connected to the natural gas since 1981 reaching 14.1 million houses.
Fierce fighting across Sudan has left millions of Sudanese citizens without access to necessary humanitarian aid and hardly any hopes for a peaceful transition to civilian rule. While forces loyal to two rival generals are vying for control, civilians who are still alive are enduring desperate shortages of food and basic supplies. They have to run for their lives amid power blackouts, a lack of cash, communications outages, and runaway inflation.
Minister of Petroleum and Mineral Resources Tarek El Molla and Jordanian Minister of Energy and Mineral Resources Saleh Al-Kharabsheh witnessed the signing of two natural gas agreements in the Jordanian capital Amman.
Natural gas has proven to be the cleanest fossil fuel and the primary source of power for renewable energy. With that, improving production and transportation techniques are becoming more crucial than ever to cover the fast-growing demand. Guaranteeing pipelines’ safety and enhancing their operation process became an important aspect to guarantee efficient and safe transportation of this essential fuel. Ultrasonic Testing (UT) is not a new solution, but it remains the most common, successful, and effective technique in this regard.
The expression “money makes the world go round” could not be more accurate than it is now. With global efforts to push the energy transition forward, it’s more like money will determine humanity’s continued survival and whether global temperatures will be kept from going any higher than they already are. The transition of the global energy sector from an industry that completely relies on fossil fuels to one that works with an energy mix that emphasizes renewable resources is daunting. A lack of finances to fully realize the transition further exacerbates the dilemma, where experts have to tackle conflicting interests between energy needs and rising emissions. Natural gas is not only a practical low-carbon solution but a key financial and economic enabler that can provide the fiscal momentum to propel the energy transition forward while even cutting the costs of producing some renewables as well.
ADNOC Drilling Company has inked an agreement to acquire two premium high-specification Gusto MSC CJ46 design offshore jack-up drilling units (the “rigs”). The $220 million-rigs will be brought into the waters off Abu Dhabi, where they will start producing revenue in the fourth quarter of 2023.
Wintershall Dea has found natural gas in its Disouq concession in the onshore Nile Delta. The step-out well (NSG-3) targeted the Abu Madi reservoir inside the Disouq concession under development lease. It follows a previous discovery in the East Damanhour exploration block in January 2023.
ConocoPhillips is exercising its preemption right to purchase the 50% stake in the Surmont asset held by TotalEnergies EP Canada Ltd. for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.
STEP Polymers SPA, a 100% Sonatrach subsidiary, has selected the Petrofac and Huanqiu Contracting & Engineering Corporation (HQC) joint venture (JV) to execute a significant petrochemical project in Algeria.
The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.
