Petroleum Development Oman (PDO) marked a significant milestone as it celebrated the completion of its 1,500th well at the Nimr cluster, a groundbreaking achievement in the Sultanate of Oman, according to local media reports. The landmark well, known as NM-1500, is part of the expansive Nimr cluster situated in the southern region of PDO’s concession area. Covering a vast expanse of 1,875 square kilometers, Nimr is the company’s largest cluster and encompasses an extensive well
Saudi Arabia and Kuwait reaffirmed on Wednesday that the ownership of natural resources in the divided submerged area in the Arabian Gulf, including the entire Al-Durra gas field, is jointly owned by both countries. The Ministry of Foreign Affairs of Saudi Arabia made an official announcement stating that Saudi Arabia and Kuwait hold exclusive and full sovereign rights to exploit the wealth in that area. In addition to asserting their joint ownership, the two nations
QatarEnergy is anticipated to award the engineering, procurement, and construction (EPC) contract for its $50 million upgrade project for eight Refinery Chemical Stores in Mesaieed Industrial City by the fourth quarter of 2023. The EPC contract tender was reportedly issued on July 18, 2023, with the bid submission deadline set for August 13, 2023. It is projected that the contract will be awarded by early November 2023, as reported by Zawya Projects. The scope of
The International Energy Agency stated that in order to achieve global climate goals, no new oil and gas projects should proceed. Environmentalists criticize the plan. On Monday, the 31st, Great Britain committed to granting hundreds of licenses for oil and gas extraction in the North Sea, as part of efforts to become more energy independent, drawing criticism from environmental activists. Prime Minister Rishi Sunak confirmed the plans for over 100 licenses of this kind, which
Africa has considerable lithium resources, boasting 5% of the world’s total reserves. Lithium is an essential element for the energy transition and is used in a variety of applications, including batteries for electric vehicles and energy storage systems. As the auto industry shifts towards electric vehicles, lithium-rich African countries such as Zimbabwe and Namibia are poised to benefit from increased global demand. Note: The information provided in this article is based on the data available
Angola and Botswana are looking at strengthening bilateral relations while exploring new areas of cooperation to support economic growth. The respective Presidencies announced plans to formalize the signing of outstanding memoranda of understandings while inking new agreements in the fields of trade, air services and energy. Angolan President João Lourenço and his Botswanan counterpart Mokgweetsi Masisi agreed to work together to sign the Double Taxation Avoidance Agreement; Bilateral Air Services Agreement; Mutual Legal Assistance Agreement;
In 2022, Algeria represented the largest producer of natural gas in Africa, with output measured at a record 3.6 trillion cubic feet (tcf). The gas is exported both by pipeline and as liquefied natural gas, and its production has been largely driven by several major producing fields. Recent hydrocarbon discoveries in the country are set to increase output even further. Hassi R’Mel: 3.02 billion cf/d The Hassi R’Mel field, located in Laghouat, is both the
Africa, known for its rich mineral resources, is making significant strides in the global graphite supply chain, positioning itself as a major player in the battery sector. With the world’s growing demand for clean energy solutions, the continent’s diverse graphite projects are attracting investors and downstream consumers alike, signaling a potential shift away from China’s dominance in the market. Graphite’s Role in the Energy Transition Graphite, a crucial component for lithium-ion batteries used in electric
French company TotalEnergies, which holds a diversified portfolio of oil assets and is a partner of Sonangol in the Caraculo Photovoltaic Plant, inaugurated last March in Namibe, announced on 25th July Tuesday a global operation to buy out the capital of its renewable energy subsidiary, Total Eren, increasing its stake from approximately 30 to 100 percent. On the backdrop of this acquisition, all personnel from Total Eren will be fully integrated into TotalEnergies’ Renewable Business
The the National Oil, Gas, and Biofuels Agency (ANPG Adopts) Satellite Radar to Detect Oil Spills Angola’s national concessionaire, the National Oil, Gas, and Biofuels Agency (ANPG), has signed an agreement with the National Space Program Management Office (GGPEN) to utilize the organization’s TECH-ECOLOGIA – a national technological solution that employs satellite radar imagery for monitoring oil spills. The satellite radar imagery enables the ANPG to promptly detect and monitor any occurrences of oil spills
