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 […]
Egypt Intensifies Fuel Station Oversight to Combat Subsidy Violations
Egypt Intensifies Fuel Station Oversight to Combat Subsidy Violations The Egyptian General Petroleum Corporation has launched comprehensive oversight campaigns across the country to monitor petroleum product circulation and prevent illegal disposal or smuggling of subsidized fuels. The initiative involves EGPC’s Central Committee for Monitoring Product Circulation working in coordination with Supply Police and Ministry of […]
Algeria and Angola Strengthen Strategic Energy Partnership
Algeria and Angola Strengthen Strategic Energy Partnership Algeria and Angola have reaffirmed their commitment to continental energy cooperation through high-level bilateral discussions in Luanda. The meeting brought together Algeria’s Minister of State for Energy, Mines, and Renewable Energies, Mohamed Arkab, and Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. The talks centered […]
Libya Explores Energy Cooperation with Iran Amid Regional Developments
Libya Explores Energy Cooperation with Iran Amid Regional Developments Libya’s Minister of Oil and Gas, Khalifa Abdulsadiq, held strategic discussions with Iran’s ambassador to explore new avenues for energy sector cooperation. The meeting in Tripoli focused on addressing challenges facing Libya’s oil and gas industry while identifying partnership opportunities across multiple energy segments. The discussions […]