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EGYPTIAN MINISTER OF ELECTRICITY REVEALS THE DATE OF OPERATION OF THE INTERCONNECTION PROJECT WITH SAUDI ARABIA.
Egyptian Electricity Minister Mahmoud Esmat recently revealed the timeline for the long-anticipated electrical interconnection project with Saudi Arabia, a key initiative aimed at supporting Egypt's efforts to meet its growing domestic energy demands.
- 1 year, 10 months
TRUMP DEMANDS EU BUY MORE US OIL AND GAS OR FACE TARIFFS.
President-elect Donald Trump has demanded that the EU purchase more US oil and LNG to address trade imbalances, threatening tariffs if his demands are not met. While the EU explores replacing Russian gas with US imports, officials are prepared to counter any trade aggression with strengthened measures to protect the bloc’s interests.
- 1 year, 10 months
SHELL TRADED NIGERIA EXIT FOR FRESH OIL INVESTMENT.
Shell secured the Nigerian government’s approval for a $2.4 billion asset sale to Renaissance Group by committing to a $5 billion investment in the Bonga North deepwater oil project, expected to produce 110,000 barrels per day by the decade’s end. The government prioritized this investment to ensure Shell's continued presence in Nigeria’s oil sector amid efforts to boost production and revenue.
- 1 year, 10 months
ORCA ENERGY GROUP INC. ANNOUNCES AN OPERATIONAL UPDATE ON SS-7.
Orca Energy Group has completed its well intervention operations on the SS-7 well, which resulted in limited and Un sustained gas flows, leading to the cessation of operations and an increased project cost of $27 million. The company continues to face ongoing disputes overcompensation for gas supplied to Tanzania after the cessation of Protected Gas production on July 31, 2024.
- 1 year, 10 months
EQUINOR DISCOVERS OIL AND GAS NEAR TROLL FIELD IN THE NORTH SEA.
Equinor has discovered oil and gas near the Troll field in the North Sea, with the Ringand discovery estimated to contain between 2 and 12 million barrels of oil equivalent. The company plans further exploration in the area, which is close to existing infrastructure, to maximize resource utilization and support Norway’s oil and gas production.
- 1 year, 10 months
TOTALENERGIES AND OQAE SIGN AGREEMENTS TO DEVELOP 300 MW OF RENEWABLE PROJECTS.
TotalEnergies and OQ Alternative Energy have signed agreements to develop 300 MW of renewable energy projects in Oman, including solar and wind farms, which will provide long-term renewable electricity to Petroleum Development Oman (PDO). These projects align with Oman’s Vision 2040 and support PDO’s decarbonization goals, contributing to the country’s energy transition.
- 1 year, 10 months
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