Egypt Launches “Takamol” Digital Platform to Transform Petroleum Sector Operations
Egypt Launches “Takamol” Digital Platform to Transform Petroleum Sector Operations The Ministry of Petroleum and Mineral Resources has launched the “Takamol” platform for information technology integration, introducing a comprehensive cloud computing solution designed to revolutionize operations across the oil, gas, and mineral resources industries. Ahmad Moharram, Takamol Project Manager, revealed that the platform serves 150 […]
Egypt Allocates Strategic Land for Green Hydrogen Projects in Red Sea Region
Egypt Allocates Strategic Land for Green Hydrogen Projects in Red Sea Region The Egyptian Cabinet has approved the allocation of substantial land parcels in the Red Sea Governorate to the General Authority for Red Sea Ports to support the development of green hydrogen projects and related infrastructure, marking a significant step in the country’s clean […]
NESR Strengthens Position in Libya with Over $100 Million in Service Contracts
NESR Strengthens Position in Libya with Over $100 Million in Service Contracts Oilfield services firm National Energy Services Reunited has significantly strengthened its role in Libya’s oil sector following the successful securing of more than $100 million in service contracts across North Africa in recent months. NESR Chairman and CEO Sherif Foda highlighted that the […]
Zanzibar Advances Oil and Gas Exploration with Comprehensive 3D Seismic Survey
Zanzibar Advances Oil and Gas Exploration with Comprehensive 3D Seismic Survey Zanzibar has taken a major step toward reviving its oil and gas exploration ambitions after the Zanzibar Petroleum Development Corporation signed a contract with Africa Geophysical Services to conduct a comprehensive 3D seismic survey. Minister for Blue Economy and Fisheries Masoud Ali Mohammed described […]
Namibia’s President Orders Urgent Legal Review of Controversial Oil License Renewal Scandal
Namibia’s President Orders Urgent Legal Review of Controversial Oil License Renewal Scandal President Netumbo Nandi-Ndaitwah of Namibia has ordered an urgent legal review of the controversial renewal of Paragon Oil & Gas’s petroleum exploration licence, triggering a high-stakes investigation that could implicate senior government officials in regulatory violations. The petroleum exploration licence, known as […]
Libya Announces Ambitious Plan to Drill Up to 100 Oil and Gas Wells in 2026
Libya Announces Ambitious Plan to Drill Up to 100 Oil and Gas Wells in 2026 Libya has unveiled an aggressive drilling campaign targeting between 70 and 100 oil and gas wells in 2026, marking a dramatic escalation in the country’s efforts to revive upstream activity and restore its position as a major oil producer. The […]
Shell Unveils Massive $20 Billion Investment Plan for Nigeria’s Bonga South West Deepwater Field
Shell Unveils Massive $20 Billion Investment Plan for Nigeria’s Bonga South West Deepwater Field In a landmark announcement that signals renewed confidence in Nigeria’s energy sector, Shell Plc and its partners have revealed plans to invest $20 billion in the Bonga South West deepwater oil field, positioning it as one of the largest energy projects […]
Investment Trends Show Refinery Capacity Growth in Asia, Middle East, and Africa
Investment Trends Show Refinery Capacity Growth in Asia, Middle East, and Africa Industry research indicates that spending on new refining capacity from 2025 to 2027 remains concentrated in Asia, the Middle East, and Africa. These regions are expected to capture a majority share of planned refinery expansion projects both grassroots construction and debottlenecking efforts. […]
Chevron Nears Strategic Sale of Singapore Refining Assets in Q1 2026
Chevron Nears Strategic Sale of Singapore Refining Assets in Q1 2026 Chevron is advancing negotiations to divest its Asia refining and related assets, with final deals on track for completion in the first quarter of 2026. The package includes Chevron’s stake in the Singapore Refining Co., a 290,000 barrels-per-day facility, alongside storage and distribution […]
Global Refining Market Faces Transformation Amid Demand Shifts and Cleaner Fuels Trends
Global Refining Market Faces Transformation Amid Demand Shifts and Cleaner Fuels Trends Industry forecasts highlight that nearly a fifth of worldwide refinery capacity could be at risk of closure by 2035 as the energy transition accelerates and demand patterns evolve. The anticipated rationalization is influenced by both climate-related policies and competitive pressures from advanced […]