Africa
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...
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...
Africa
TotalEnergies Enters Oil Exploration Contracts in Liberia
TotalEnergies has entered into four new Production Sharing Contracts (PSCs) covering offshore exploration blocks LB-6, LB-11, LB-17, and LB-29 in Liberia’s southern basin. The agreements, signed following the 2024 Direct Negotiation Licensing Round led by the Liberia Petroleum Regulatory...
Africa
GTT and Samsung Heavy Industries Enter FLNG Tank Contract
Gaztransport & Technigaz (GTT) declared that it secured a major order from Samsung Heavy Industries (SHI) to deliver tank design for a Floating Liquefied Natural Gas (FLNG) facility set to be deployed on the African continent. The project is...
Africa
Ethiopia Inaugurates Africa’s Largest Hydroelectric Dam
Ethiopia formally inaugurated the Grand Ethiopian Renaissance Dam (GERD), marking the launch of Africa’s largest hydroelectric dam. The project is expected to supply electricity to millions while deepening tensions with downstream Egypt, which has long expressed concerns about water...
Africa
Egypt Enters $340 Million Oil and Gas Exploration Deals
Egypt entered into four new oil and gas exploration deals with foreign operators, together worth more than $340 million (E£16.52 billion). The deals mark a decisive step in the country’s strategy to expand domestic production capacity while addressing the...
Africa
Egypt Enters $220 Million Foreign Deal for Atom Solar Egypt
Egyptian Prime Minister Mostafa Madbouly on 27 August oversaw the signing of a land usufruct agreement for a $220 million (EGP 11 billion) industrial complex that will manufacture solar cells, solar panels, and energy storage systems within the Suez...
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