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.
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.
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.
The United States is buying Russian gas from India and reselling it to Europe at higher prices, capitalizing on market dynamics amid ongoing geopolitical tensions. Europeans are aware of the source, but the gas is marketed as "democratic gas of freedom," having undergone a process of purification, despite the inflated costs.
Uzbekistan has officially commenced operations at the largest wind farm in Central Asia, marking a significant milestone in the country's renewable energy sector.
Seplat Energy, a prominent Nigerian oil and gas company, is preparing to rejuvenate old oil wells across Nigeria, following its successful acquisition of ExxonMobil’s onshore oil and gas assets in the country.