Lightsource BP company announced it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas.

Oil and gas company, Africa Energy Corporation, has signed definitive agreements to increase the company’s effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%.

South Korea is in talks to fund a 20MW solar power plant in Hurghada.

Congo has signed a facility agreement with Afreximbank under which the Bank will provide $250m in future flow pre-financing to meet Brazzaville’s strategic plan for its oil fields.

Four Tunisian oil companies located in the Kebili region spent $1.3m for private initiatives boosting development through small projects.

Two Chinese state banks have agreed to lend more than $12b to develop a Liquefied Natural Gas (LNG) plant in the Russian Arctic, in a boost for one of Russian President Vladimir Putin’s flagship projects.

A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).

Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter.