Indonesia kicks off 1st oil, gas auction
Indonesia kicked off its maiden oil and gas auction this year, unveiling five blocks on Tuesday in a bid to…
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China’s Sinohydro discusses building $180m power transfer in Uganda
Uganda is in talks with Sinohydro Corporation Limited to establish a $180 million power transmission line to supply…
Angola to boost offshore production incentives
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…
EGX closes mixed on May 13th
Egypt’s stock market (EGX) closed mixed on Monday. The main index, EGX30 jumped by 0.90 per cent, to 25,381.25…
Polar Semiconductor to secure $120m grant from US gov.
Polar Semiconductor is poised to secure a $120 million grant from the US government to enhance its Minnesota-based…
UAE’s Mubadala Energy makes 2nd gas discovery in Indonesia
Mubadala Energy, based in Abu Dhabi and overseeing the South Andaman Gross Split PSC, announced a significant gas…
India set to secure ‘long-term arrangement’ for Iranian Chabahar port
India is expected to secure a "long-term arrangement" for the Iranian Chabahar port management, as the Indian…
Oil steady at week’s opening
Oil steady at the beginning of the week amidst speculation of potential growth-boosting measures in China and…
UAE’s Emirates airline profit hits $4.7b in ’23
UAE’s Emirates Airline, the long-haul carrier reported a record profit of $4.7 billion in 2023, as per the…
Iraq remains committed to OPEC+ output cuts – minister
Iraq's commitment to the voluntary oil production cuts, as established by the Organization of the Petroleum…