energy | Egypt Oil & Gas - Part 17

As Energy Demand Rises, Mediterranean Region Readies for the Challenge

Mediterranean states are on track to increase energy demand by 50 percent over the next 25 years, according to regional researchers, with the brunt of the growth falling on the southern part of the region.

Fossil Fuel on the Way Out in Europe: Energy Chief

Gérard Mestrallet, chief executive of Engie, one of the world’s biggest power companies, says fossil fuel electricity generation is on the way out in Europe.

South Africa Seeks Eskom´s Partial Privatisation

South Africa is considering either partially privatising state-owned utility Eskom or putting up some of its assets for sale in order to secure funding for the power producer and resolve an energy crisis, the Treasur ...

South Africa Eyeing Iranian Energy Sector, Fuel Exports

An Iranian Petroleum Ministry official says South Africa seeks to ink memorandums of understanding (MoUs) with the Islamic Republic in different energy sectors.

ConocoPhillips Drills Deepwater Duds Offshore Angola and in the Gulf of Mexico

ConocoPhillips’ Omosi-1 deepwater exploration well in Block 37 offshore Angola in the Kwanza Basin has been drilled to a total depth of 20,666 feet. A gas column of approximately 525 feet was encountered in the prim ...

UAE Outlines 2021 Carbon Emissions-Climate Change Strategy

According to the UAE National strategy 2021, the Ministry of Energy should lead the efforts to reduce carbon dioxide (CO2) emission by 15% by 2021, Meshayel Lehsooni, head of climate change in the Ministry of Energy, ...

Nigeria Must Raise Gas Prices to Bridge Looming Gap

Nigeria has to raise its gas prices to attract an estimated $55 billion of investment needed to plug persistent local shortages, Nigerian Gas Association President Bolaji Osunsanya said.

Puma Energy to Invest $400 Million in Angola Oil Terminal

Puma Energy, whose largest shareholder is commodity trader Trafigura Beheer BV, opened an offshore fueling system in Angola’s capital to expand a terminal that could cost as much as $400 million.

Kuwait’s Alghanim signs MoUs Worth $1.6bn for Energy Projects in Egypt

Egypt has signed preliminary deals with Kuwait's privately-owned Alghanim International for two energy-related projects worth a total of $1.6bn.

Eskom Expands Rolling Blackouts

South African power utility Eskom expanded rolling blackouts for a second straight day to the "Stage Three" level on Wednesday, meaning it needs to cut 4,000 megawatts from household and industrial consumers to preve ...

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