Egypt Launches Ambitious $11 Billion Petrochemical Push to Dominate Regional Markets by 2030
Egypt Launches Ambitious $11 Billion Petrochemical Push to Dominate Regional Markets by 2030 Egypt’s state-owned Egyptian Petrochemicals Holding Company (ECHEM) has unveiled a sweeping five-year strategy to invest $11 billion across 10 major industrial projects, targeting the domestic production of more than 20 petrochemical products currently imported from abroad. The plan, presented at ECHEM’s […]
Libya Fires Up Farigh–Brega Gas Pipeline in Major Step Toward Energy Stability
Libya Fires Up Farigh–Brega Gas Pipeline in Major Step Toward Energy Stability Libya’s National Oil Corporation (NOC) has officially launched the first phase of a new gas pipeline linking the Farigh field to the coastal city of Brega, marking a significant milestone in the country’s long-running effort to revive and expand its energy infrastructure. […]
Namibia Unlocks $250 Million in Green Finance to Rewire Its Industrial Future
Namibia Unlocks $250 Million in Green Finance to Rewire Its Industrial Future Namibia has secured access to up to US$250 million (approximately N$4 billion) in concessional climate finance under the Climate Investment Funds (CIF) Industrial Decarbonisation Programme, positioning the country to accelerate low-carbon industrial development while reducing pressure on its national budget. Ambassador Dr. […]
Ghana Commissions New LPG Carrier in South Korea, Aiming to Cut Regional Energy Dependence
Ghana Commissions New LPG Carrier in South Korea, Aiming to Cut Regional Energy Dependence Ghanaian President John Dramani Mahama has commissioned a new liquefied petroleum gas carrier, the MT Asharami Ghana, during a working visit to the Republic of Korea, in a move described as a strategic step toward strengthening energy security across Ghana […]
Vaalco’s Revamped FPSO Sets Sail Back to Côte d’Ivoire as Gabon Drilling Campaign Presses On
Vaalco’s Revamped FPSO Sets Sail Back to Côte d’Ivoire as Gabon Drilling Campaign Presses On Houston-based Vaalco Energy is weeks away from welcoming back a refurbished floating production, storage, and offloading (FPSO) vessel to the Baobab field off the coast of Côte d’Ivoire, while its parallel drilling campaign offshore Gabon continues to deliver results. […]
Nigeria Ends Era of ‘Licence Squatting’ as Regulator Enforces Drill-or-Drop Law
Nigeria Ends Era of ‘Licence Squatting’ as Regulator Enforces Drill-or-Drop Law Nigeria’s upstream regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has declared an end to the practice of companies sitting idle on oil licences for decades, as the landmark Petroleum Industry Act’s (PIA) drill-or-drop provision begins to bite. Speaking at a recent engagement, […]
Libya’s Mabruk Oilfield Roars Back to Life After a Decade of Silence
Libya’s Mabruk Oilfield Roars Back to Life After a Decade of Silence Oil is flowing once again from Libya’s Mabruk field after nearly a decade of enforced silence. The joint venture Mabruk Oil Operations — comprising Libya’s National Oil Company, TotalEnergies, and Equinor — officially restarted production at the onshore concession C17, located approximately […]