Senegal's electricity and renewable energy sectors, along with five other key areas, are experiencing significant recovery due to oil and gas revenues, marking a new phase of economic growth.
The Wafra field, shared by Saudi Arabia and Kuwait, has recently experienced significant developments. Both countries are working diligently to increase the field's production to 300,000 barrels per day by 2027.
Saudi Aramco has awarded Italy's Saipem contracts worth USD 500 million to develop two offshore projects in the kingdom, according to a statement obtained by a Washington-based energy platform.
The world's largest FPSO vessel is vital for Petrobras' deep-water oil plans. These vessels process, store, and transport energy resources.
Production work began with the discovery of a significant gas reserve, 9 years after its announcement and 3 years after the final investment decision to develop it, according to information from the Washington-based Specialized Energy Platform.
An Australian company has been granted permission to explore for natural hydrogen in the United States, capitalizing on the recent rush to develop this carbon-free resource, which would contribute to global energy transition goals.