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PETRONAS AND PETROS COLLABORATION KEY TO OIL AND GAS INDUSTRY GROWTH, SAYS PM ANWAR.
Prime Minister Datuk Seri Anwar Ibrahim emphasized the collaboration between Petronas and Petros to drive growth in the oil and gas industry, ensuring Petros emerges as a key player while respecting Petronas' national role. He confirmed that discussions on gas distribution have been resolved, with details being finalized in coordination with Sarawak Premier Tan Sri Abang Johari Openg.
- 1 year, 7 months
BIDEN NEGLECTS OIL AND GAS ON AFRICA TRIP.
President Biden's visit to Angola highlighted U.S. investments in clean energy projects like solar power and the Lobito Corridor, aiming to bolster U.S.-Africa relations and counter China’s influence. However, critics argue that Angola's immediate energy and economic needs are better served by leveraging its abundant oil and gas reserves, which require addressing corruption and security challenges.
- 1 year, 7 months
EGYPTIAN MINISTER OF ELECTRICITY REVEALS THE DATE OF OPERATION OF THE INTERCONNECTION PROJECT WITH SAUDI ARABIA.
Egyptian Electricity Minister Mahmoud Esmat recently revealed the timeline for the long-anticipated electrical interconnection project with Saudi Arabia, a key initiative aimed at supporting Egypt's efforts to meet its growing domestic energy demands.
- 1 year, 7 months
TRUMP DEMANDS EU BUY MORE US OIL AND GAS OR FACE TARIFFS.
President-elect Donald Trump has demanded that the EU purchase more US oil and LNG to address trade imbalances, threatening tariffs if his demands are not met. While the EU explores replacing Russian gas with US imports, officials are prepared to counter any trade aggression with strengthened measures to protect the bloc’s interests.
- 1 year, 7 months
SHELL TRADED NIGERIA EXIT FOR FRESH OIL INVESTMENT.
Shell secured the Nigerian government’s approval for a $2.4 billion asset sale to Renaissance Group by committing to a $5 billion investment in the Bonga North deepwater oil project, expected to produce 110,000 barrels per day by the decade’s end. The government prioritized this investment to ensure Shell's continued presence in Nigeria’s oil sector amid efforts to boost production and revenue.
- 1 year, 7 months
ORCA ENERGY GROUP INC. ANNOUNCES AN OPERATIONAL UPDATE ON SS-7.
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.
- 1 year, 7 months
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