Dutch Offshore Giant SBM Offshore Eyes Namibia’s Venus Oil Discovery
Dutch Offshore Giant SBM Offshore Eyes Namibia’s Venus Oil Discovery Dutch offshore production specialist SBM Offshore is positioning itself for a major opportunity in Namibia’s ultra-deepwater Venus oil discovery in the Orange Basin. Chief Business Officer Olivier Icyk confirmed the company’s growing interest in the project, highlighting ambitions to build an in-country presence. French energy […]
Egypt Revises Renewable Energy Target to 29.7% by 2030
Egypt Revises Renewable Energy Target to 29.7% by 2030 The Egyptian government has revised its renewable energy target to 29.7% of power generation by 2030, according to the International Monetary Fund’s fourth review of the $8 billion loan program. The new target represents a significant adjustment from the previously stated 42% by 2030 mentioned by […]
Egypt Pioneers North Africa’s First Large-Scale Solar Oilfield Project
Egypt Pioneers North Africa’s First Large-Scale Solar Oilfield Project United Energy Egypt (UEE) has signed a groundbreaking Memorandum of Understanding with global solar leader LONGi Green Energy to deploy a 20-megawatt hybrid solar power system across six oil fields. The innovative project represents North Africa’s first large-scale application of Back Contract technology with LONGi’s proprietary […]
Algeria Awards Massive $855 Million Gas Production Contract to Chinese Firm
Algeria Awards Massive $855 Million Gas Production Contract to Chinese Firm Algeria’s national oil and gas company Sonatrach has awarded a substantial $855 million contract to China’s Jereh Group for developing facilities at the Rhourde Nouss gas field. The contract will see Jereh Oil & Gas Engineering build a natural gas booster station and upgrade […]
UK JUNIOR AMINEX SOARS 14 MONTHS HIGH ON TANZANIA GAS PIPELINE BREAKTHROUGH
UK JUNIOR AMINEX SOARS 14 MONTHS HIGH ON TANZANIA GAS PIPELINE BREAKTHROUGH Shares of UK-listed exploration company Aminex Plc rocketed to their highest level in 14 months today following confirmation of imminent construction on a strategically crucial gas pipeline in Tanzania. The dramatic surge came after Chinese contractors were formally engaged to build a 35-kilometre, […]
RENAISSANCE ENERGY AFRICA SMASHES PRODUCTION TARGETS WITH 40% SURGE
RENAISSANCE ENERGY AFRICA SMASHES PRODUCTION TARGETS WITH 40% SURGE Nigerian energy powerhouse Renaissance Africa Energy has delivered a stunning operational performance, exceeding its first-month oil production target by an impressive 40% in early 2025. The achievement marks a remarkable start for the consortium following its historic $1.3 billion acquisition of Shell’s Nigerian assets in December […]
MASSIVE $3.5 BILLION GAS INVESTMENT TRANSFORMS NIGERIA’S AKWA IBOM STATE
MASSIVE $3.5 BILLION GAS INVESTMENT TRANSFORMS NIGERIA’S AKWA IBOM STATE Nigeria’s energy sector witnessed a seismic shift today as the Nigerian National Petroleum Company Limited (NNPCL) announced a staggering $3.5 billion investment to develop critical gas infrastructure in Akwa Ibom State. The mega-investment will fund an inter-county gas pipeline, offshore-to-land gas delivery systems, a methanol […]