TotalEnergies and Veolia have signed an agreement to construct the largest solar photovoltaic (PV) system for Oman's Sur desalination plant. Located on the site of the Sharqiyah Desalination Plant, which supplies drinking water to more than 600,000 people in Sharqiyah and the Gulf region, the power plant will generate electricity.
Today, the Berkine North Basin in Algeria's desert, home to the Sif Fatima II concession, and Eni and SONATRACH report another another discovery.
Chariot Limited, the African-focused transitional energy company, announces the results of Independent Assessments of its gas resources offshore Morocco, including results of the recently drilled Anchois-2 appraisal well. A material resource upgrade was reported across the portfolio by Netherland Sewell & Associates Inc. ('NSAI') on the Anchois Gas Field and selected exploration prospects in the Lixus Offshore licence ('Lixus') and the adjacent Rissana Offshore licence ('Rissana').
After lifting the force majeure on terminals and oil fields, Libya's National Oil Company (NOC) is preparing to continue exporting crude oil.
Eni has inked a new production sharing contract (PSC) for blocks 404 and 208 in Algeria with SONATRACH, Oxy, and TotalEnergies. In Eastern Algeria's Berkine basin, where these blocks are located onshore, Eni has been present since the 1980s.
Shell has been chosen by QatarEnergy to be the fifth partner in the North Field East (NFE) expansion project, which is the single largest project in the history of the LNG industry.
Javad Owji, the Iranian Minister of Petroleum, said 7 billion dollars would be invested in the Azadegan Oilfield, the majority coming from Iranian banks, development companies, and the National Development Fund of Iran (NDFI).
In an effort to accelerate the development of low-carbon solutions for the energy industry, the Saudi Arabian Oil Company ("Aramco") launched the Aramco Research Center at KAUST (ARC KAUST) today.
The Chairman of the Board of Directors of Libya National Oil Company (NOC) Mustafa Sanalla stated that they are currently considering declaring the state of force majeure within 72 hours unless production and shipping can resume at the oil ports in the Gulf of Sirte.
In an interview on Tuesday, ExxonMobil CEO Darren Woods said he expects the oil market to remain tight for three to five years.
