Oil & Gas
Africa
Egypt Government Unveils $5.7bn Oil and Gas Exploration Plan
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawy, has announced a new five-year oil and gas exploration strategy that calls for the drilling of about 480 exploration wells, backed by total investments surpassing $5.7bn.
Under the programme, 101 wells...
Companies
Equinor Launches Production at Brazil’s Bacalhau Oil Field
Equinor, together with partners ExxonMobil Brasil, Petrogal Brasil, and Pré-sal Petróleo SA, has started production at the Bacalhau oil field in Brazil. With recoverable reserves exceeding 1 billion barrels of oil equivalent (boe), Bacalhau is the largest international offshore...
Asia
Gazprom, Kazakhstan Sign MOU for New Cross-Border Pipeline
Russia’s energy major Gazprom has signed a memorandum with the government of Kazakhstan to build a new cross-border gas pipeline linking the two countries.
The deal was reached during a meeting between Kazakh First Deputy Prime Minister Roman Sklyar and...
Asia
Kuwait Announces Major Offshore Gas Discovery at Jaza Field
Kuwait Oil Company (KOC) said it has made a major offshore gas discovery at Jaza field. Jaza-1 well recorded an initial output exceeding 29 million standard cubic feet per day of gas and more than 5,000 barrels per day...
Africa
Algeria Signs $5.4B Deal with Midad Energy in Illizi Basin
Algeria’s state-owned energy company Sonatrach announced on that it has signed a production-sharing contract worth around $5.4 billion with Saudi Arabia’s Midad Energy for the exploration and development of oil and gas resources in the Illizi Basin. The agreement...
Companies
UK Energy Firms Inject Green Hydrogen into Gas Grid in Trial
Energy companies have taken a big step for the UK’s low-carbon goals by injecting green hydrogen into the country’s gas grid and using the mix to generate electricity. For the first time in the UK, a power station has...
Companies
Repsol Achieves Milestone with Renewable Gasoline Production
Repsol has hit a major technological milestone by producing gasoline made entirely from renewable sources on an industrial scale. This was achieved at its Tarragona complex and highlights Spain’s and the company’s leading role in the energy transition
This fully...
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