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Energy
Egypt signs 4 MoUs to boost oil, gas production
Egypt’s Ministry of Petroleum signed four crucial memoranda of understanding (MoUs) today to enhance oil and gas…
S. Korea’s to raise industrial power rates
South Korea's state-run electricity provider, KEPCO, announced on Wednesday that it would increase electricity…
Egypt halts fuel price hikes for next 6m – PM
Egypt’s Prime Minister Moustafa Madbouly declared that there would be no more hikes in fuel price for the next six…
UK targets Russian ‘Shadow Fleet’ with new sanctions
Britain has announced sanctions on 18 Russian oil tankers and four liquefied natural gas vessels, the largest move…
IFC backs Bulgaria’s major renewable PV energy project
The International Finance Corporation (IFC) said on Wednesday that it is financing a 225-megawatt (MW) direct…
Global shift to electricity may lower energy costs – IEA
The world is entering an era of cheaper energy as a surge in electricity use reduces reliance on fossil fuels,…
Morocco to double green energy output in W. Sahara by ’27
Morocco aims to double green electricity production in Western Sahara by 2027, setting a target of 1.4 gigawatts of…
OPEC+ lowers ’24 global oil demand forecast
OPEC+ has revised its global oil demand growth forecast for 2024 downward by 106,000 barrels per day (bpd) to 1.9…
Agiba Petroleum reports strong performance FY23/24
Agiba Petroleum has reported strong operational results for FY23/24 on Monday, despite facing significant…
Zohr field to see new drilling operations – minister
The Zohr natural gas field in the Mediterranean is set to undergo new drilling operations by the Italian company…