State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
Sudanese officials have visited Russia and discussed the opportunities for new oil investments in the North African state.
Ethiopia has begun generating power from its controversial Grand Ethiopian Renaissance Dam (GERD).
The FSO Safer poses both a local environmental threat but also a major pitfall for shipping through the critical Red Sea and Suez Canal.
Swedish prosecutors have charged high-ranking executives at the Lundin Group over complicity in war crimes committed in Sudan.
A military coup is seemingly under way in Sudan, with security forces having detained Prime Minister Abdalla Hamdok and various ministers.
The US Department of the Treasury has imposed new financial sanctions on Iranโs oil industry.
Ethiopia has been forced to deny that it has begun filling the Grand Ethiopian Renaissance Dam (GERD) as a dispute with its Nile neighbours Sudan and Egypt simmers on.
Libyaโs National Oil Corp. (NOC) has named the United Arab Emirates as being behind the order to stop production in the North African country.
Norwayโs Noroil has signed up to work on Block 17, in West Kordofan, according to the Sudanese Ministry of Energy and Mining.
Gunfire broke out in Khartoum today as former intelligence officers took to the streets to protest the loss of their jobs.
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
Sudan has undergone a tumultuous 10 years, from the loss of much of its oil production with the breaking away of South Sudan, to the recent and dramatic change of government.
TGS and Schlumbergerโs WesternGeco are close to finishing 3D seismic reimaging on Egyptโs Red Sea, as a licence round comes to a close in the area. The two companies said the work would cover data from three seismic surveys, covering 3,600 square km, which were acquired between 1999 and 2008.
India's Oil and Natural Gas Corp's (ONGC) is suing Sudan in a London court, a news report said.
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
South Sudanโs government said it granted Oranto Petroleum International Ltd. a license to explore for oil in a block covering three states in the East African nation that may contain โvastโ deposits of oil.
The U.S. removal of sanctions on Sudan unlocks the potential for the government to tap its rich mineral and agriculture resources. Now the African state needs to carry out the large-scale reforms required to attract investors.
Lundin Petroleumโs chairman and chief executive are reportedly suspected of โserious crimesโ against international law, according to reports.
A cargo plane has crashed near the international airport in the South Sudanese capital of Juba, killing at least 23 people. Some of the victims were children, according to an Associated Press reporter near the scene, who said wreckage was strewn over the east side of the River Nile.
Fighting between rebels and government forces in South Sudanโs oil-producing states intensified, the army said before the two sides meet on Monday for peace talks. Rebels attacked non-producing oil fields north of the Unity state capital, Bentiu, on Friday and were repulsed, army spokesman Colonel Philip Aguer said by phone from the capital, Juba. The Sudan Peopleโs Liberation Army is โin full control of Unity oilfields and has captured a number of equipment including tanks and ammunitions,โ Aguer said.
After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiirโs survival may hinge on the fate of a single oil field. Paloch in Upper Nile state, the only region still pumping crude in a nation with sub-Saharan Africaโs third-largest reserves, has re-emerged as the rebelsโ prime target. While the insurgents probably couldnโt find a market for its oil, the facilitiesโ capture or damage could spell disaster for a government thatโs battling surging inflation and a slumping currency, and which depends on crude for about 90 percent of its income, according to analysts including Alex de Waal, executive director of the World Peace Foundation at the Fletcher School in Massachusetts.
South Sudanโs government denied claims by rebel forces that theyโve seized oil fields in the north of the country after clashes in the region. Lony T. Ngungdeng, a spokesman for insurgents loyal to former Vice President Riek Machar, said on Tuesday that the fighters took control of facilities in Upper Nile state, which are still producing crude. Fighting is taking place around Malakal, the state capital, and Akoka, Information Minister Michael Makuei Lueth said by phone Wednesday from South Sudan.