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FIRST SHIPMENT OF OIL FROM A FIELD WITH RESERVES OF 650 MILLION BARRELS SOLD.
Equinor, Norway's energy company, has sold its first oil shipment from the Johan Kastberg field in the Barents Sea, ahead of the field's expected production starting next month.
- 1 year, 4 months
TANZANIA: PURA BOARD OF DIRECTORS VISITS SONGO SONGO, HIGHLIGHTS CSR PROJECT IMPLEMENTATION.
The PURA Board of Directors visited Songo Songo to assess natural gas infrastructure and CSR project implementation by energy companies. They expressed satisfaction with improved community projects and emphasized the importance of continued oversight in the gas sector.
- 1 year, 4 months
OIL PRICES RISE ON STRONG DEMAND OUTLOOK, WEAKER US DOLLAR.
Oil prices rose due to strong U.S. demand and a weaker dollar, with Brent crude reaching $71.12 per barrel and WTI at $67.58. While geopolitical tensions and economic uncertainties may cause volatility, analysts expect a gradual upward trend in oil prices.
- 1 year, 4 months
AFRICA’S OIL AND GAS INVESTMENT TO HIT $43 BILLION IN 2025.
Africa’s oil and gas sector is set to attract $43 billion in investments in 2025, with projections reaching $54 billion by 2030, driven by major players in West and North Africa. While liquid hydrocarbons will continue to dominate, natural gas investments are steadily increasing, positioning Africa as a key player in the global energy market.
- 1 year, 4 months
THE MOST POWERFUL TIDAL TURBINES IN THE WORLD.
The world's most powerful tidal turbine project is nearing the start of its construction phase, thanks to financial backing from the European Union.
- 1 year, 4 months
ISRAEL AWARDS NATURAL GAS EXPLORATION LICENCES TO BP, SOCAR AND NEWMED.
Israel has awarded exploration licenses to BP, Socar, and NewMed Energy to explore natural gas in Israeli waters, aiming to boost domestic reserves and expand exports. This partnership supports Israel's goal to position itself as a regional energy hub, with a focus on supplying gas to Europe and neighboring countries.
- 1 year, 4 months
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.