Latest news with #BapcoEnergies
Bloomberg
6 days ago
- Business
- Bloomberg
Smallest Gulf Oil Producer Seeks LNG Imports Amid Ample Supply
Bahrain, the smallest oil producer in the Persian Gulf, is seeking liquefied natural gas imports and considering long-term deals as the market appears well supplied, according to the boss of its state energy company. Bapco Energies this month received an LNG cargo after restarting a floating import terminal and is expecting another in June, Chief Executive Officer Mark Thomas said. The company has already awarded a tender for supplies of the fuel in June and July and could seek more cargoes for later in the year, he said, without naming the seller.
Daily Tribune
6 days ago
- Business
- Daily Tribune
Call for Balanced Energy Strategy: Bahrain Eyes SMRs and Offshore Wind as Part of Energy Diversification
TDT | Manama Mark Thomas, Group Chief Executive Officer of Bapco Energies, opened the 32nd Middle East Petroleum & Gas Conference (MPGC 2025) with a compelling keynote address, emphasizing the need for pragmatic, long-term planning in an era of 'unprecedented uncertainty.' Speaking at the Four Seasons Hotel in Manama, under the presence of H.E. Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, Thomas welcomed delegates to what he described as "the region's most enduring forum for energy dialogue," hosted by Bapco Energies in partnership with S&P Global Commodity Insights. 'People often say we live in uncertain times. But more than that, we live in unprecedented uncertainty,' Thomas remarked, setting the tone for a two-day conference focused on balancing traditional and renewable energy pathways in the Middle East.
Daily Tribune
6 days ago
- Business
- Daily Tribune
"What's Fueling the Future?" Energy Experts Map Out the Region's Next Frontier
TDT | Manama Industry leaders gathered at the Middle East Petroleum and Gas Conference (MPGC 2025), held at the Four Seasons Hotel in Bahrain, to exchange insights on the evolving energy landscape, focusing on the theme 'Navigating the Energy Frontier: A Middle Eastern Perspective.' Opening the discussion, Alexander Van Veldhoven, Group Chief Strategy Officer at Bapco Energies, highlighted the pressing challenges in energy efficiency and infrastructure. 'Energy efficiency is crucial—but the practical concern right now is comparative pricing and land availability,' Van Veldhoven said. 'One solution could be sourcing land in Saudi Arabia to begin interconnection projects.' He also expressed skepticism about labeling gas as a transitional fuel, noting that hydrogen, while promising, becomes prohibitively expensive when it comes to transportation. 'For hydrogen to be viable, we must focus on affordable transport and supporting infrastructure,' he added. Joining the panel was Musaab Al-Mulla, Vice President of Market Analysis & Sustainability at Aramco, who emphasized the strategic importance of energy in economic transitions, particularly in emerging regions. 'Energy is at the heart of economic transformation,' Al-Mulla stated. He pointed to disparities in energy transitions across continents, particularly between India and Africa, as a sign of the complex path ahead. 'Our 2025 target is for renewables to make up 50% of our energy mix,' he revealed. 'By 2030, we plan to further scale up gas usage to meet growing demand.' The discussion reflected the Middle East's critical role in balancing traditional energy exports with ambitious sustainability targets, underscoring the importance of regional cooperation, strategic planning, and investment in technology and infrastructure. MPGC 2025 continues to serve as a key platform for dialogue between policymakers, energy executives, and industry analysts, as the region works toward a more resilient and diversified energy future.
Gulf Insider
20-05-2025
- Business
- Gulf Insider
9th International Global HSE Conference Opens in Bahrain
The 9th International Conference and Exhibition on Health, Safety, and Environment (HSE) opened on Monday in Bahrain with a strong message about the need for safety, teamwork, and shared responsibility across the energy sector. H.E. Dr Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, addressed the audience at the opening ceremony, reflecting on a recent tragedy that deeply affected the industry. 'Just a few weeks ago, Bapco Energies lost three colleagues. Losing someone is like losing a brother,' he said. 'No matter how much we progress, safety must always come first.' He acknowledged the importance of support during difficult times. 'Having a colleague who stands by your side matters a lot. In our most difficult hour, our big brother Aramco reached out, and we are truly grateful.' The conference, hosted by the Ministry of Oil and Environment in strategic partnership with Aramco, brought together experts and professionals under the theme 'Connecting Minds, Inspiring Transformation.' It focuses on improving safety standards, sharing knowledge, and promoting sustainable practices across the region. The event features keynote talks from industry leaders, expert-led technical sessions, and an exhibition showcasing the latest in safety and environmental solutions. Key topics include AI in HSE, leadership in safety behaviour, crisis preparedness, and sustainability in risk management. It was also announced that the 2026 edition of the conference will be held in Oman, continuing the region's focus on building a safer and more sustainable future for the energy sector. As industries across the region continue to evolve, the demand for stronger safeguards around safety and sustainability has never been greater. Gulf Insider remains committed to covering the key developments shaping the future of workplace safety, risk management, and environmental responsibility across the Gulf – from spotlighting innovation and sharing best practices to supporting a culture of progress within the region's most vital sectors. Also read: Bahrain's Investcorp Takes On $550m Project In Omani Port
Daily Tribune
16-05-2025
- Business
- Daily Tribune
Bahrain to host Middle East energy summit
The 32nd Annual Middle East Petroleum & Gas Conference (MPGC 2025), organized by S&P Global Commodity Insights and hosted by Bapco Energies, is set to take place in the Kingdom of Bahrain from May 26-28. The event, held in the presence of Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, seeks to facilitate critical dialogue regarding the region's energy landscape in the context of escalating global demand for sustainable solutions. MPGC 2025 will feature a distinguished lineup of industry leaders and experts who will engage in discussions around the theme of 'Balancing Traditional and Renewable Energy in the Middle East.' The conference will serve as a vital platform for exploring global market dynamics and the future trajectory of energy. The inaugural day (May 27) will commence with keynote addresses from Mark Eramo, Co-President of S&P Global Commodity Insights and Mark Thomas, Group CEO of Bapco Energies, with Dr. Mohamed bin Mubarak Bin Daina in attendance. The agenda will encompass topics such as navigating the energy frontier, geopolitical influences on markets, and an in-depth examination of global oil and gas dynamics. On the second day (May 28), the focus will transition to downstream perspectives and low-carbon energy sources. Attendees can expect presentations and discussions addressing refining outlooks, transportation fuels, sustainable aviation fuel, and the integration of gas with solar and nuclear energy, alongside the pivotal influences of carbon markets. 'MPGC 2025 represents a crucial platform for industry stakeholders to convene and explore the complexities of the energy landscape, fostering collaboration and innovation towards a sustainable future. We look forward to welcoming attendees to this important event, which underscores the significant role the Middle East plays in shaping the global energy landscape,' said Lyn Tattum, Vice President and Head of Events at S&P Global Commodity Insights. Participants from the Middle East, Asia, Africa, Europe, and the Americas are expected to gather at MPGC 2025, including key stakeholders from the oil and gas sector, financial institutions, regulatory bodies, and renewable energy industries.
