energy | Egypt Oil & Gas - Part 22
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. According t...
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. The economics of gas and coal power generation have deterio...
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 Treasury...
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. Mohsen Qamsari, the director of the international affair...
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 primar...
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. A government increase of gas p...
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. Puma’s Fishing Port T...
