Egypt’s Sovereign Fund tees up plans with ACWA, AMEA
The Sovereign Fund of Egypt (TSFE) has signed up to explore options for a new 1.1 GW wind project, with ACWA Power, and a green hydrogen plan with AMEA Power.
The Sovereign Fund of Egypt (TSFE) has signed up to explore options for a new 1.1 GW wind project, with ACWA Power, and a green hydrogen plan with AMEA Power.
Eastern Pacific Shipping has confirmed that one of its product tankers appears to have been hit by a “projectile” offshore Oman.
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
Shell’s lubricants arm has agreed to sponsor a Miami Beach Bitcoin conference in 2023 and 2024, with the event getting into trouble in the past for failing to prevent harassment of women.
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
Partners in Nigeria’s OML 127 and 130 continue to work on conversion to new terms – with success potentially triggering approval for the Preowei discovery.
Saipem has won three new drilling contracts in the Middle East, and two in West Africa, with a total value of $800 million.
Sonatrach has signed a new memorandum of understanding (MoU) with Sinopec, with the aim of expanding the two companies’ co-operation.
TotalEnergies and Eni have reached a deal with Israel allowing them to begin exploration in Lebanon’s Block 9.
APA Corp. has achieved its goal of reducing upstream routine flaring in Egypt by 40%.
Egypt has struck a number of agreements with energy companies around sustainability and reducing emissions, including at the Idku liquefaction plant.
Eni and CNOOC have submitted applications for areas up for grabs in Mozambique’s sixth licensing round.
Adnoc Drilling has reported its results for the first nine months of 2022, with net profit up 24% and EBITDA up 12%.
Australia’s Invictus Energy (ASX:IVZ) has reached total depth and found “multiple zones” with gas shows.
Coral Sul has exported its first LNG cargo, bringing Mozambique into the exclusive club of liquefied gas exporters.
Activists at COP27 have accosted Patrick Pouyanné, CEO of TotalEnergies, to demand answers about “bloody money” from the company’s Russian operations.
An appeals court in Milan has rejected Nigeria’s claims for damages stemming from the OPL 245 scandal, ordering the government to pay costs.
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
Keppel Offshore & Marine (O&M) has signed up to provide two more jack-up rigs to ADES Saudi, under a contract worth $155 million for the builder.
South Africa can develop its natural resources and achieve net zero, according to one industry insider, but more must be done legislatively and to secure community support.
Namibia has been unable to close its deal with Hyphen Hydrogen by the launch of the COP27, in Egypt, but there have been other successes in the field.
Angola has exempted Chevron from complying with environmental policies, allowing it to dump oil waste directly into the ocean offshore Cabinda.
Dubai’s ENOC Group has signed a memorandum of understanding (MoU) with Japan’s IHI Corp. to establish a green ammonia project.
Lisa Osofsky will leave her role at the head of the Serious Fraud Office (SFO) in the summer of 2023. She will have served only one term.
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.