Egypt and UAE Forge Stronger Energy Partnership Through Ministerial Cooperation
Egypt and UAE Forge Stronger Energy Partnership Through Ministerial Cooperation Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with UAE Minister of Energy and Infrastructure Suhail Mohamed El Mazrouei in Abu Dhabi to explore expanded cooperation opportunities across the energy sector. The high-level discussions resulted in agreement to establish a joint working group […]
Shelf Drilling Extends Egyptian Operations with $23 Million Contract
Shelf Drilling Extends Egyptian Operations with $23 Million Contract Offshore drilling contractor Shelf Drilling has secured a valuable 12-month extension for its Rig 141 operations in Egypt’s Gulf of Suez, keeping the rig active until February 2027. The contract extension, worth approximately $23 million, reflects continued strong demand for drilling services in Egyptian waters. The […]
Major International Consortium Secures Algeria’s Ahara Block in Landmark Deal
Major International Consortium Secures Algeria’s Ahara Block in Landmark Deal Algeria has awarded its prized Ahara perimeter in the southeastern region to a prestigious international consortium comprising national oil company Sonatrach, Qatar’s QatarEnergy, and French major TotalEnergies. The Production Sharing Contract represents the first major success of Algeria’s 2024 international bid round under the country’s […]
Algeria and Libya Strengthen Energy Ties with Multiple Partnership Agreements
Algeria and Libya Strengthen Energy Ties with Multiple Partnership Agreements Algerian state oil giant Sonatrach has signed several memorandums of understanding with Libya’s National Oil Corporation (NOC) to enhance cooperation across petroleum operations, training, and technical services. The agreements signal strengthening ties between the two North African energy producers as they seek to leverage each […]
Massive Oil Discovery Boost – Namibia’s Orange Basin Gains 666 Million Barrels
Massive Oil Discovery Boost – Namibia’s Orange Basin Gains 666 Million Barrels Australia’s Pancontinental Energy has announced a game-changing resource upgrade for its offshore Namibian block, adding a massive 666 million barrels of prospective recoverable oil to its Orange Basin holdings. The dramatic increase brings the total estimated resources for the company’s flagship Oryx prospect […]
Tullow Oil Completes $307 Million Gabon Exit After 21 Years
Tullow Oil Completes $307 Million Gabon Exit After 21 Years British independent oil company Tullow Oil has successfully completed the sale of its Gabon assets to the Gabon Oil Company (GOC) for $307 million, marking the end of the company’s 21-year presence in the West African nation. The transaction, finalized after all conditions were met […]
Egypt’s Energy Crisis Deepens as LNG Import Bill Set to Soar 60% in 2025
Egypt’s Energy Crisis Deepens as LNG Import Bill Set to Soar 60% in 2025 Egypt faces mounting energy pressures as the country prepares for a dramatic surge in liquefied natural gas imports, with authorities projecting import costs to skyrocket to $20 billion in 2025 from $12.5 billion in 2024. The 60% increase comes as […]
NNPCL Expands LNG Footprint with Kogi State Partnership
NNPCL Expands LNG Footprint with Kogi State Partnership NNPC Gas Marketing Limited has entered a joint venture agreement with Zuid Energies Limited for development of a 6 million standard cubic feet per day Compressed Natural Gas plant and 40 million standard cubic feet per day LNG facility in Ajaokuta, Kogi State. The partnership, announced during […]
Capricorn Advances Egyptian Development Wells Campaign
Capricorn Advances Egyptian Development Wells Campaign Capricorn PLC reported material progress in its strategic priorities during the first half of 2025, with Egyptian General Petroleum Corporation board approval of renewed concession terms marking a pivotal milestone for the company’s Western Desert operations. Working interest production in the Western Desert averaged approximately 20,000 barrels of oil […]
Nigeria Spearheads West African Regional Fuel Pricing Initiative
Nigeria Spearheads West African Regional Fuel Pricing Initiative Nigeria has partnered with S&P Global Commodity Insights to establish West Africa’s first regional pricing benchmark for refined petroleum products, addressing long-standing reliance on global reference markets that often fail to reflect regional supply chain dynamics. The initiative, unveiled at the West African Refined Fuel Conference in […]