Egypt’s Petroleum Sector Goes Solar: PM Switches On Suez Plant as 51 More Projects Line Up
Egypt’s Petroleum Sector Goes Solar: PM Switches On Suez Plant as 51 More Projects Line Up Prime Minister Mostafa Madbouly has inaugurated a 1.2-megawatt solar plant at Nasr Petroleum Company in Suez, as Egypt’s petroleum sector widens its use of renewable energy and efficiency measures, according to a Cabinet statement. The plant is made […]
Stamper Moves to Keep Its Namibian Licences Alive as Chevron, TotalEnergies and Shell Crowd Into Neighbouring Acreage
Stamper Moves to Keep Its Namibian Licences Alive as Chevron, TotalEnergies and Shell Crowd Into Neighbouring Acreage Canadian explorer Stamper Oil & Gas is working to extend and renew its offshore Namibian licences while bigger names step up drilling next door. The company holds interests of 5% in PEL 106, 5% in PEL 98 […]
Afentra Tightens Its Grip on Angola’s Offshore Blocks 3/05 and 3/05A as the Final Government Decree Lands
Afentra Tightens Its Grip on Angola’s Offshore Blocks 3/05 and 3/05A as the Final Government Decree Lands Afentra, an upstream company focused on mature production and development assets in Africa, is close to growing its stake in two offshore Angolan blocks after the last government approval came through. Angola’s Ministry of Mineral Resources, Petroleum […]
Morocco Wildcat Falls Flat as Predator’s MOU-6 Well Fails to Flow Gas and Is Suspended
Morocco Wildcat Falls Flat as Predator’s MOU-6 Well Fails to Flow Gas and Is Suspended Predator Oil & Gas has reported a disappointing early result from its MOU-6 well onshore Morocco: the target formation did not flow gas during preliminary testing, and the well has been suspended. The Jersey-based company, which has producing operations […]
Green Climate Fund Pours $140 Million Into Southern Africa’s Green Hydrogen and Factory Decarbonization Push
Green Climate Fund Pours $140 Million Into Southern Africa’s Green Hydrogen and Factory Decarbonization Push Climate Fund Managers has secured $140 million from the Green Climate Fund (GCF) for Climate Investor Three (CI3), backing industrial decarbonization and green hydrogen projects in South Africa and Namibia. Green hydrogen is hydrogen made with renewable electricity rather […]
Egypt Turns Car Stickers Into Fuel Detectives as Port Said Pilot Targets Smuggling
Egypt Turns Car Stickers Into Fuel Detectives as Port Said Pilot Targets Smuggling Egypt is putting digital tracking on its fuel pumps. A pilot that began on Nov. 1 in Port Said will use vehicles’ electronic traffic stickers to follow fuel sales, in a bid to tighten oversight and curb smuggling and the diversion […]
Egypt Eyes a Second Oil Boom Under the Western Desert as Studies Flag Unconventional Crude Locked in Tight Rock
Egypt Eyes a Second Oil Boom Under the Western Desert as Studies Flag Unconventional Crude Locked in Tight Rock Egypt believes there may be a new source of crude oil beneath the Western Desert. The Ministry of Petroleum and Mineral Resources has identified promising potential for unconventional oil production in parts of the region, […]
Washington Moves to Strip South Africa and Rwanda of Duty-Free AGOA Access
Washington Moves to Strip South Africa and Rwanda of Duty-Free AGOA Access The United States plans to suspend South Africa and Rwanda from duty-free access to the US market under the African Growth and Opportunity Act, US Trade Representative Jamieson Greer said on Monday, Reuters reported. Greer said the President “found that the governments […]
ADNOC, G42 and OpenAI Sign Deal to Put Frontier AI Across Abu Dhabi’s Oil and Gas Operations
ADNOC, G42 and OpenAI Sign Deal to Put Frontier AI Across Abu Dhabi’s Oil and Gas Operations Abu Dhabi’s state energy firm ADNOC and AI company G42 have signed a deal with OpenAI to deploy advanced AI across ADNOC’s operations, Reuters reported. It was signed on Monday at the ADIPEC energy conference in Abu […]
Chinese Regulator Warns the AI Gold Rush Is Starving Traditional Industries of Credit
Chinese Regulator Warns the AI Gold Rush Is Starving Traditional Industries of Credit Global investment in artificial intelligence is “overly concentrated” and risks crowding out traditional industries by raising their borrowing costs, a senior Chinese financial regulator said on Tuesday, Reuters reported. Xiao Yuanqi, vice head of China’s National Financial Regulatory Administration, was speaking […]