Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa Development
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa Development Invictus Energy Limited has achieved a major milestone as Zimbabwe’s Ministry of Finance prepares to grant National Project Status to the company’s 80%-owned Cabora Bassa Project. This designation will unlock significant fiscal and non-fiscal incentives including duty exemptions, expedited permitting, and streamlined access to […]
China’s Sunrev Invests $200 Million in Major Egyptian Solar Manufacturing Hub
China’s Sunrev Invests $200 Million in Major Egyptian Solar Manufacturing Hub Chinese industrial group Sunrev has commenced construction of a massive $200 million solar components manufacturing facility in Egypt’s Suez Canal Economic Zone, marking a significant step in the country’s renewable energy manufacturing ambitions. The ambitious two-phase project spans 20 hectares in Ain Sokhna and […]
Tower Resources Secures Additional £250,000 for Cameroon Drilling Operations
Tower Resources Secures Additional £250,000 for Cameroon Drilling Operations Tower Resources has successfully expanded its bridge loan facility by 50%, increasing the total funding from £500,000 to £750,000 through its partnership with Gibraltar-registered Prime Resources. The enhanced funding will support the company’s upcoming drilling operations in Cameroon and advance its Namibia farm-out negotiations. The loan […]
Khalda Petroleum Slashes $18 Million in Costs Through Revolutionary Drilling Innovation
Khalda Petroleum Slashes $18 Million in Costs Through Revolutionary Drilling Innovation Egyptian oil company Khalda Petroleum has achieved remarkable operational breakthroughs, saving a staggering $18 million through innovative drilling technologies in just 18 months. The company, partnering with Apache, revolutionized drilling operations in Egypt’s Western Desert with game-changing efficiency improvements. The breakthrough came through optimizing […]
Libya Opens First Oil Tender Since 2011 Revolution – Major Players Rush In
Libya Opens First Oil Tender Since 2011 Revolution – Major Players Rush In In a landmark move for the oil-rich North African nation, Libya has launched its first energy exploration tender since the 2011 conflict that ended Muammar Qaddafi’s regime. Industry giants Chevron Corp. and TotalEnergies SE are leading the charge among 37 international companies […]
Naval Barge Capsizes in Gulf of Suez
Naval Barge Capsizes in Gulf of Suez A tragic accident has struck Egypt’s oil sector as the barge “Adam Marine 12” belonging to an oil rig capsized in the Jabal Al-Zeit area of the Gulf of Suez. Egypt’s Ministry of Petroleum and Mineral Resources confirmed the incident, which has resulted in four fatalities and multiple […]
Angola’s Cuito Solar Plant Set to Power Provincial Grid in July
Angola’s Cuito Solar Plant Set to Power Provincial Grid in July The Cuito photovoltaic power plant in Angola’s Bié Province is preparing to begin electricity production in July following completion of final technical tests. The 14.6-megawatt solar facility represents a major advancement in the province’s renewable energy infrastructure and grid connectivity efforts. Provincial Governor Celeste […]
Libya and Turkey Strengthen Energy Cooperation Through Ministerial Talks
Libya and Turkey Strengthen Energy Cooperation Through Ministerial Talks Libya’s Minister of Oil and Gas Khalifa Abdel Sadek met with Turkish Energy Minister Alparslan Bayraktar in Istanbul to explore expanded bilateral cooperation in the energy sector. The high-level discussions focused on opportunities for collaboration in both offshore and onshore oil and gas exploration activities. The […]
Shell and PETRONAS Exceed Expectations with Early Gas Well Completion
Shell and PETRONAS Exceed Expectations with Early Gas Well Completion Burullus Gas Company, a joint venture between Shell and PETRONAS, has brought the Siena DE development well online three days ahead of schedule, marking the first milestone in the 11th phase of the West Delta Deep Marine project. The achievement validates engineering projections with natural […]
Italian Technology Boosts Zohr Field Production by 115 Million Cubic Feet Daily
Italian Technology Boosts Zohr Field Production by 115 Million Cubic Feet Daily The offshore drilling rig Saipem 10000 has successfully completed advanced drilling operations at Egypt’s Zohr gas field, adding substantial production capacity through cutting-edge deepwater technology. The rig finished sidetrack drilling at the Zohr-6 well, contributing approximately 60 million cubic feet of natural gas […]