Latest Stories

Mozambique agrees to supply 100 MW of electricity to energy-short neighbour South Africa

14 June 2023

South Africa will immediately start importing 100 MW of electricity from neighbouring Mozambique to help ease the intensity of blackouts (load-shedding) in the country.

Nigerian president urged to cut government stake in oil and gas sector

14 June 2023

President Bola Tinubu’s advisory team has suggested that the Nigerian government should reduce its stake in the oil and gas sector to boost the country’s economic growth by $17bn.

ASX-listed Kinetiko Energy successfully spuds two core wells at South African gas project

14 June 2023

The core wells – 272-01C and 272-02C – which are close to a large refinery and potential off-taker, Secunda, and the country’s largest gas pipeline, were spudded in May. Logging results indicate strong potential for gas field development.

TotalEnergies reports oil and gas finds at Ntokon field within OML 102 offshore Nigeria

14 June 2023

France’s TotalEnergies has discovered both crude oil and natural gas in the Ntokon section of OML 102, a licence area in the shallow-water section of Nigeria’s offshore zone.

Predator encounters overpressured gas inflow in MOU-3 well in Morocco

14 June 2023

Predator Oil & Gas, a UK-based company focused on natural gas projects in Morocco, has encountered an inflow of overpressured gas in the MOU-3 well.

Oil production cut to ease Saudi Arabia’s economic growth and create budget deficit

14 June 2023

Saudi Arabia’s decision to cut oil production by 1mn barrels per day until December 2024 within the framework of OPEC+ in support of oil prices will ease economic growth and swing the fiscal surplus into a deficit.

Jordan, Egypt agree new gas deals centred on Aqaba FSRU

14 June 2023

Jordan and Egypt last week signed agreements pertaining to Egypt’s supply of natural gas to Jordan and Egypt’s use of the FSRU installed at Aqaba Port in the Red Sea.

Chevron looks to expand Thailand gas output

13 June 2023

Chevron Thailand Exploration and Production was awarded on 30 May a new licence in the Gulf of Thailand to explore and produce petroleum in Block G2/65, the company said last week.

KPC cancels tender for consultancy study

13 June 2023

The Kuwait Petroleum Corp. (KPC) has reportedly cancelled a tender that it had issued in December for a consulting study to determine financing options for its subsidiaries.

Iraqi budget passed with Baghdad taking control over Kurdish oil revenues

13 June 2023

Iraq has passed a three-year budget while moving to exert greater control over the Kurdistan Region’s oil sector

Perenco signs 20-year contract renewal for development of Cameroon’s Rio del Rey Basin

13 June 2023

Perenco, the Anglo-French oil and gas company, has announced the signing of a new 20-year production-sharing contract (PSC) with Société Nationale des Hydrocarbures (SNH) for the continued development of the Rio del Rey Basin offshore Cameroon.

KPC prepares decarbonisation roadmap, launches gas pipeline

13 June 2023

State-owned Kuwait Petroleum Corp. (KPC) said last week that it has developed a strategy and roadmap for low-emission energy transformation.

Iran giant lithium deposit promises to be a game-changer

13 June 2023

Iran’s neighbours are concerned with its rising influence after the Islamic Republic discovered a huge new lithium deposit on its territory which some are calling a game-changer, Lebanon’s Al Mayadeen reported on June 10.

EBRD plans to fund reconstruction of EPS’ Vlasinske hydropower plant

13 June 2023

The European Bank for Reconstruction and Development is planning to provide a sovereign guaranteed loan of up to €62mn to state-owned power utility Elektroprivreda Srbije AD Beograd (EPS) for the reconstruction of the Vlasinske hydropower plant.