TAQA Arabia Eyes Purchasing Wataniya Stations’ Shares
In light of the governmental IPO listings, which include Wataniya Petroleum, TAQA Arabia has made a non-binding offer to purchase a share of the Wataniya Petroleum stations.
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Cheniere Energy Closes Major LNG Deal with Germany’s BASF
Cheniere Energy would supply Germany’s BASF with 0.8 million tons per annum (mtpa) of liquefied natural gas (LNG) as part of the US policy to provide Europe with alternative sources of energy.
Africa’s Natural Gas: The Ultimate Catalyst for the Continent’s Energy Transition
Natural gas is considered the best alternative for a sustainable renewable energy transition as it is cleaner than other fossil fuels, such as coal, while also having the ability to aid the integration of renewables. In 2022, the European Union already classified nuclear energy and natural gas as green energy. This was prompted in part by Russia's invasion of Ukraine and its decision to restrict natural gas supplies to Europe, which led to a massive rush to secure natural gas supplies. This review highlights the capability of utilizing natural gas in a transition to sustainable renewable energy systems in the African continent.
TechnipFMC to Supply Flexible Pipe for Ndungu Project in Angola
TechnipFMC has awarded a significant contract by Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola.
bp Announces $2.6B in Underlying RC Profit in Q2 2023
BP has announced its performance results for the second quarter of 2023. The company said it has achieved Underlying replacement cost profit* $2.6 billion in Q2 and $2.56 billion in H1 of 2023.
El Molla, Lotus Review Gold Exploration Operations in the Eastern Desert
Minister of Petroleum and Mineral Resources Tarek El Molla has met with the Co-Founder & Director of Lotus Gold Corporation Mike Silver and the accompanying delegation to discuss the company’s ambitious projects for gold exploration in several concession areas which the company had won in the Eastern Desert of Egypt through an international bid round.
Petroleum Sector Receives First Egyptian-Made Oil Rig
Minister of Petroleum and Mineral Resources Tarek El Molla, accompanied by the Governor of Suez Abdel Majid Saqr and leaders of the petroleum sector, witnessed the delivery of the first Egyptian-made oil rig.
Petrofac Wins the Goal Seal for Achieving Sustainable Impact in UAE
Petrofac has been awarded the Gold Impact Seal for achieving sustainability strategy in the UAE.
Centric, Delfin Midstream Ink Agreement for LNG Supplies
Centrica and Delfin Midstream announced that they have signed a long-term Sale and Purchase Agreement for supplying 1.0 million tons per annum (MTPA) of Liquefied Natural Gas (LNG) for 15-years on a Free on Board (FOB) basis at the Delfin Deepwater Port.
