Algeria and Libya Strengthen Energy Ties with Multiple Partnership Agreements

Algeria and Libya Strengthen Energy Ties with Multiple Partnership Agreements Algerian state oil giant Sonatrach has signed several memorandums of understanding with Libya’s National Oil Corporation (NOC) to enhance cooperation across petroleum operations, training, and technical services. The agreements signal strengthening ties between the two North African energy producers as they seek to leverage each […]

Massive Oil Discovery Boost – Namibia’s Orange Basin Gains 666 Million Barrels

Massive Oil Discovery Boost – Namibia’s Orange Basin Gains 666 Million Barrels Australia’s Pancontinental Energy has announced a game-changing resource upgrade for its offshore Namibian block, adding a massive 666 million barrels of prospective recoverable oil to its Orange Basin holdings. The dramatic increase brings the total estimated resources for the company’s flagship Oryx prospect […]

Tullow Oil Completes $307 Million Gabon Exit After 21 Years

Tullow Oil Completes $307 Million Gabon Exit After 21 Years British independent oil company Tullow Oil has successfully completed the sale of its Gabon assets to the Gabon Oil Company (GOC) for $307 million, marking the end of the company’s 21-year presence in the West African nation. The transaction, finalized after all conditions were met […]

Egypt’s Energy Crisis Deepens as LNG Import Bill Set to Soar 60% in 2025

  Egypt’s Energy Crisis Deepens as LNG Import Bill Set to Soar 60% in 2025 Egypt faces mounting energy pressures as the country prepares for a dramatic surge in liquefied natural gas imports, with authorities projecting import costs to skyrocket to $20 billion in 2025 from $12.5 billion in 2024. The 60% increase comes as […]