Angola’s Oil Output Falls Short Despite Strong LNG Performance
Angola’s Oil Output Falls Short Despite Strong LNG Performance Angola’s oil production in May averaged approximately 1.01 million barrels per day, falling 150,000 barrels short of the country’s official target, according to the National Agency for Oil, Gas and Biofuels. The country produced 31.48 million barrels of crude oil during the month, with associated natural […]
Angola Revolutionizes Oil Licensing with Permanent Offer System
Angola Revolutionizes Oil Licensing with Permanent Offer System Angola has launched a groundbreaking overhaul of its upstream oil licensing framework, introducing a “permanent offer” model that allows oil blocks to be made available on a rolling basis rather than through traditional rigid licensing rounds. The National Agency for Petroleum, Gas and Biofuels (ANPG) designed this […]
Egypt Launches Ambitious Gas Exploration Drive with 12 New Blocks
Egypt Launches Ambitious Gas Exploration Drive with 12 New Blocks Egypt has unveiled a strategic gas exploration initiative offering 12 blocks to international energy companies as part of a broader effort to boost domestic production and attract foreign investment. The Ministry of Petroleum and Mineral Resources announced the new opportunities through its international bidding platform, […]
Russia’s Lukoil Expands Egyptian Footprint with Major Desert Exploration Deal
Russia’s Lukoil Expands Egyptian Footprint with Major Desert Exploration Deal Minister of Petroleum and Mineral Resources Karim Badawi has overseen the signing of a significant exploration and production concession agreement between Ganoub El Wadi Petroleum Holding Company (Ganope) and Russia’s Lukoil Overseas Egypt Limited for the South Wadi Al-Sahl area in the Eastern Desert. The […]
Mauritania Implements Strict Gas Flaring Ban as Production Ramps Up
Mauritania Implements Strict Gas Flaring Ban as Production Ramps Up Mauritania has enacted comprehensive regulations prohibiting gas flaring and venting, marking a significant environmental milestone as the country establishes itself as a gas-producing nation. The new decree, adopted following a Council of Ministers meeting in June, allows exceptions only for emergency situations or operations specifically […]
Libya Courts British Investment as Oil Production Targets Soar to Record Highs
Libya Courts British Investment as Oil Production Targets Soar to Record Highs Libya’s Acting Minister of Oil and Gas, Khalifa Abdel Sadig, has strengthened ties with the United Kingdom through strategic discussions with the British Ambassador focused on expanding bilateral cooperation in the energy sector. The Tripoli-based minister outlined ambitious plans to achieve unprecedented oil […]
TotalEnergies Mozambique Mega-Project Back from the Brink: $20 Billion LNG Facility to Resume After 4-Year Halt
TotalEnergies Mozambique Mega-Project Back from the Brink: $20 Billion LNG Facility to Resume After 4-Year Halt After nearly four years of force majeure due to insurgent attacks, TotalEnergies has announced the imminent restart of its massive $20 billion Mozambique LNG project, targeting commercial production by 2029. The French energy giant’s CEO Patrick Pouyanné confirmed that […]
Egypt in Energy Crisis Mode: Government Scrambles to Secure $3 Billion Worth of Emergency LNG Imports
Egypt in Energy Crisis Mode: Government Scrambles to Secure $3 Billion Worth of Emergency LNG Imports Egypt is racing against time to prevent a catastrophic energy shortage, frantically negotiating to secure 40-60 LNG cargoes worth up to $3 billion ahead of the summer peak demand season. The urgent import program represents a massive escalation from […]
Algeria Strikes Gold: Oil Giants Rush to Secure Massive Upstream Blocks Worth Billions
Algeria Strikes Gold: Oil Giants Rush to Secure Massive Upstream Blocks Worth Billions In a dramatic return to the international energy stage, Algeria has ignited a fierce bidding war among global oil majors for six massive onshore blocks spanning 152,000 square kilometers. The country’s first upstream licensing round in over a decade has attracted 41 […]
South African Solar Provider Wetility Secures R500 Million Growth Capital
South African Solar Provider Wetility Secures R500 Million Growth Capital South African solar service provider Wetility has secured R500 million in structured capital from investment firm Jaltech to expand solar and battery system delivery to households and small businesses. The funding will enable Wetility to add more than 16 MW of distributed solar capacity to […]