ReconAfrica Secures C$20 Million to Fast-Track Kavango Discovery and Gabon Operations
ReconAfrica Secures C$20 Million to Fast-Track Kavango Discovery and Gabon Operations Reconnaissance Energy Africa Ltd. has announced an overnight marketed, listed issuer financing exemption private placement offering of units of the Company at a price of C$0.95 per unit for aggregate gross proceeds of C$20 million. The offering is led by Research Capital Corporation as […]
Rashpetco Unveils Ambitious Plan to Double Egypt’s Gas Output by 2030
Rashpetco Unveils Ambitious Plan to Double Egypt’s Gas Output by 2030 Rashid Petroleum Company (Rashpetco) has unveiled a five-year strategic plan spanning 2025 to 2030, which encompasses Rashpetco and its subsidiaries Burullus Gas Company and West Mina Gas Company. The plan aims to double its current natural gas production by the end of fiscal year […]
bp Pledges Accelerated Investment and Drilling Campaign in Egypt’s Gas Sector
bp Pledges Accelerated Investment and Drilling Campaign in Egypt’s Gas Sector UK energy giant bp has reaffirmed its commitment to boosting investments in Egypt, accelerating drilling programs, and turning discoveries into actual production at an accelerated pace. The commitment came during a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Nader Zaki, […]
Egypt and Cyprus Accelerate Gas Interconnection Plans to Strengthen Regional Energy Security
Egypt and Cyprus Accelerate Gas Interconnection Plans to Strengthen Regional Energy Security Minister of Petroleum and Mineral Resources Karim Badawi met with Cypriot President Nikos Christodoulides to review the latest developments in the natural gas interconnection projects between the two nations to bolster regional energy security. In February, Egypt and Cyprus signed a memorandum of […]
Major Energy Players Reaffirm Commitment to Libya’s 2 Million BPD Production Target
Major Energy Players Reaffirm Commitment to Libya’s 2 Million BPD Production Target International and domestic energy companies including TotalEnergies, ConocoPhillips, Repsol, OMV, Eni, and Assail Drilling Company are reinforcing their commitment to Libya’s upstream growth strategy as the country targets oil production of 2 million barrels per day. Assail Drilling’s participation underscores the critical role […]
Sonatrach and GNPC Forge Strategic R&D Alliance to Transform African Upstream Operations
Sonatrach and GNPC Forge Strategic R&D Alliance to Transform African Upstream Operations Algeria’s Sonatrach and Ghana National Petroleum Corporation (GNPC) have signed a memorandum of understanding to collaborate on research and development initiatives aimed at strengthening upstream oil and gas capabilities across Africa. The agreement, signed under the auspices of the African Petroleum Producers Organization […]
Somalia Gears Up for Oil Exploration as University Partnership Targets Workforce Development
Somalia Gears Up for Oil Exploration as University Partnership Targets Workforce Development Somalia is preparing to launch oil exploration activities next month with the arrival of the Çağrı Bey exploration vessel, as the country ramps up efforts to develop its natural resources sector through a strategic partnership between academia and government. The University of Somalia […]
Libya’s Zueitina Restarts Critical Diesel Production After Decade-Long Shutdown
Libya’s Zueitina Restarts Critical Diesel Production After Decade-Long Shutdown Libya’s National Oil Corporation (NOC) has successfully restarted the diesel production unit at the Zallah Field, operated by Zueitina Oil Company, ending a nearly 11-year hiatus that had hampered the field’s operational efficiency. The diesel unit, which had been offline since March 2015 due to a […]
Nigeria’s NNPCL Opens Global Bidding for Strategic Asset Partnerships
Nigeria’s NNPCL Opens Global Bidding for Strategic Asset Partnerships The Nigerian National Petroleum Company Limited (NNPCL) has launched a worldwide call for investors to acquire stakes in select oil and gas assets, marking a significant portfolio realignment strategy for Africa’s largest oil producer. The state-owned operator, which already shares several regional assets with international oil […]