Sun Exchange signs up additional ARCH support
ARCH Emerging Markets Partners has invested a further $2.5 million in South Africa-based Sun Exchange.
ARCH Emerging Markets Partners has invested a further $2.5 million in South Africa-based Sun Exchange.
As one of the few companies carrying out exploration in sub-Saharan Africa, Reconnaissance Energy Africa (TSXV:RECO; OTC:RECAF; FRA:0XD) is keenly aware of justifying its presence.
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
It is the “greatest time to be in the industry”, United Oil & Gas CEO Brian Larkin told Energy Voice, following the announcement of the company’s interim results.
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
Chariot has signed a memorandum of understanding (MoU) on a major green hydrogen project with the government of Mauritania.
Cypriot President Nikos Anastasiadis has held talks with ExxonMobil ahead of drilling planned for the end of the year.
Xlinks has set out plans to export clean electricity from Morocco to the UK, via HVDC subsea cables.
Eni has started up the Cabaça North development in Angola’s Block 15/06, adding another 15,000 barrels per day to the local hub.
The future of gas supplies from Algeria to Spain, via Morocco, remains unclear following a diplomatic spat.
Novatek shares dropped the most in about 16 months after the arrest of Deputy Chief Executive Officer Mark Gyetvay on tax charges in the US.
Angola has announced the contractor groups for its onshore bid round, as it moves towards new awards.
Cairn Energy and Cheiron Petroleum have completed their acquisition of assets in Egypt’s Western Desert from Shell.
Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
Oil and gas companies accelerated their adoption of internet of things (IoT) during 2021 in response to the COVID-19 pandemic.
On the cusp of activity starting, Uganda is making ready for a storm of activity to develop its Lake Albert resources.
TMC Compressors has won work to supply the marine compressed air system to Woodside Energy’s Senegalese field.
Saipem has signed a memorandum of understanding (MoU) with Saudi Aramco, paving the way for a new national champion.
Libya’s National Oil Corp. (NOC) has officially launched a unit in the UK with the aim of improving collaboration with local companies.
Protests will kick off tomorrow aimed at reforming South Africa’s Department of Mineral Resources and Energy (DMRE).
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Some Shell production in the US Gulf of Mexico will not return before the first quarter of next year, owing to damage to the West Delta-143 (WD-143) facility.
Europe may break new record gas prices, Gazprom head Alexey Miller has warned, noting under supplied gas storage facilities in the region.
BP, Adnoc and Masdar have teamed up to invest “billions of dollars” in clean and low carbon energy.