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Algeria grants BP new exploration licence in Eastern Basin
The Algerian government decided to award British energy major BP a new licence to explore for oil and gas in the country’s eastern basin
Africa needs stronger legal voice as climate-related litigation reshapes energy policy, says AEC
With climate-related litigation cases increasing globally, the AEC maintains that African institutions must play a stronger role to ensure fair and practical outcomes that fully reflect the continent’s development and energy needs.
TotalEnergies eyes gas exploration in Egypt’s Herodotus basin
France’s energy major TotalEnergies has expressed interest in exploring natural gas resources in Egypt’s Herodotus Basin in the deep waters of the western Mediterranean
Australia, Singapore increase energy ties
Australia and Singapore have agreed to reinforce energy co-operation, pledging to maintain flows of refined fuel and LNG as both nations work to navigate international and regional energy issues on the back of the conflict in the Middle East.
Vaca Muerta investment seen reaching $60bn over five years, Goldman Sachs says
Investment in Argentina’s Vaca Muerta shale formation could reach $60bn over the next five years as energy companies ramp up infrastructure development, with much of the financing expected to come from international markets.
Morocco, Nigeria set to sign $25bn African Atlantic Gas Pipeline deal in 2026
Morocco is set to sign an intergovernmental agreement for the major natural gas pipeline project with Nigeria in 2026, marking a key step towards advancing a project estimated to cost more than $25bn
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.
Libya restarts gas pipeline after 16-year suspension
Libya’s state-owned energy utility, National Oil Corporation, has launched a key gas pipeline project linking the Intisar field to the Brega gas distribution system, reviving infrastructure that had been idle for more than 16 years
Dana Gas resumes operations at Iraq’s Khor Mor field as tensions calm
Dana Gas has resumed production at the Khor Mor gas facility in the Kurdistan Region of Iraq after weeks of intermittent operations.
Russia markets discounted but sanctioned LNG to South Asia
Russia is again seeking to capitalise on the tightening global gas market by offering LNG from US-sanctioned facilities to energy-constrained buyers in South Asia at steep discounts.
Hungary’s energy ties to Russia set limits on post-Orbán pivot
Hungary’s incoming prime minister Peter Magyar may ease tensions with Brussels, but he says he won’t end imports of Russian oil and gas for now.
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
According to the Thai Energy Ministry’s latest assessment, diesel production in the country continues to exceed domestic demand with daily output reaching 83.37mn litres, compared with a nationwide demand of 68.69mn litres.
Egypt set to receive €50mn in first tranche of EU-backed green industry financing in June
China denies arms sales to Iran, warns US of countermeasures
China has denied accusations of providing military support to Iran, calling the reports fabricated and warning the US of countermeasures if tariffs are imposed on Beijing over the claims.
MOL-NIS deal faces uncertainty after Orbán defeat
Sale of a majority stake in Serbian oil company NIS to Hungary’s MOL Group is increasingly uncertain after Viktor Orbán’s defeat in Hungary’s general election, though President Aleksandar Vucic said he still expects a deal.
Guinea-Bissau strengthens energy sector leadership amid growing upstream momentum
Julio Mamadù Baldé has been appointed as Guinea-Bissau’s Minister of Natural Resources.
Germany grants new $234mn climate loan to South Africa amid grid strain
Germany has extended a €200mn concessional loan to South Africa to support grid expansion & renewable energy, reinforcing European backing for the country’s just energy transition as transmission constraints continue to limit new power capacity.
Russia warns of danger of war resuming as US blockade of Iranian ports takes effect
The Kremlin has warned that the danger of war resuming in the Middle East remains after US-Iran talks ended without result, as a US naval blockade of Iranian ports took effect on April 13.
Algeria brings 400MW of solar capacity online
Algeria has commissioned two solar power plants with a combined capacity of 400MW
Egypt eyes wind and solar projects at Gebel El Galala off Red Sea
The Egyptian government is currently studying plans to harness the high wind speeds of the Gebel El Galala region in Suez Governorate for renewable energy projects
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