In the News

BP and XRG launch Arcius Energy to expand Egypt’s gas operations, securing stakes in Zohr, Atoll, and key concessions amid ADNOC’s global strategy

Fossil fuel subsidies affect African markets by reducing energy costs but straining budgets. Shifting to renewables requires balancing affordability and sustainability.

Fires at Libya’s Zawiya refinery are under control after armed clashes damaged key oil reservoirs, forcing NOC to declare force majeure

Kenya and Tanzania link power grids, enabling cross-border renewable energy trade and advancing East Africa’s regional energy integration.

Russian tanker splits in storm, spilling oil into Kerch Strait as emergency crews battle rough weather to prevent further environmental damage.

Oil prices rise amid new Russia sanctions, OPEC demand cuts, and ExxonMobil’s production boost, reshaping the global market for 2024

Texas faces rising concerns over CO2 injection risks as earthquakes and blowouts prompt demands for stricter oversight and better safety measures.

Rosneft and Reliance seal a $130B, 10-year oil supply deal, reinforcing India’s status as the top importer of Russian crude

Libya’s economy is poised for growth in 2025, driven by rising oil production and critical economic reforms, says IMF.

FMF2024 report calls for $5.4 trillion in mineral investments by 2035 to meet energy transition goals and demand for critical minerals