Oil and gas

January 20, 2019


Crescent Petroleum Signs MoU to Sponsor Special Olympics

Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March, underscoring its commitment to empowering people of determination and encouraging their inclusion in all aspects of life in line with the Year of Tolerance.


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January 15, 2019


Jan De Nul successfully completes first major umbilical installation project in Egypt

Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, located in the North Alexandria region, Egypt.

Specifically for this project, Jan De Nul Group reconfigured its multi-purpose vessel Willem de Vlamingh into an efficient Umbilical Installation Vessel. The two umbilicals, with a total length of 69 km, were loaded in Norway"...

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January 15, 2019


Algeria eyes Exxon deal, trading JV in first half

ILLIZI, Algeria (Reuters) - Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday.

“We are very optimistic and things are moving in the right direction so we will conclude with Exxon and have our trade JV,” Abdelmoumen Ould Kaddour told reporters.


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January 15, 2019


ADSW: Algeria-UAE: Cooperation agreement on environment, renewable energies to be inked

A cooperation agreement on the environment and renewable energies will be signed by Algeria and the United Arab Emirates (UAE) as part of Abu Dhabi Sustainability Week (ADSW) started Saturday, said, on Sundayt, the ministry in a statement.

On the sidelines of the work of the Sustainability Week (ADSW) being held in Abu Dhabi from January 12 to 19, the Minister of the Environment and Renewable Energies, Fatima Zohra Zerouati, and Emirati Minister"...

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January 15, 2019


Call for spreading LPG use to cut fuel import

Minister of Energy Mustapha Guitouni on Sunday in Bouira called on all Naftal officials to generalize the Liquefied Petroleum Gas (LPG) conversion centers across the country to encourage the use of this energy with a view to cut fuel import.

“People have to drive LPG cars, and we need to generalize the conversion centers across the country,” insisted the"...

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January 13, 2019


Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As global demand for energy rises, natural gas is emerging as a fuel of choice for power generation in the 21st century, serving as a central ingredient in a more sustainable"...

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January 9, 2019


SolarNow closes $9M to scale its services across Uganda

Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit.

The funding comes 3 months after SolarNow raised a $740,000 grant from the Mastercard Foundation Fund for Rural Prosperity. According to Digest Africa Deals Data, the amount puts the company among the top five most funded in Uganda last year.


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January 7, 2019


Total starts production at Egina field

Total has started up production from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria.

At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production.

The Floating Production Storage and Offloading (FPSO) unit used to develop the giant Egina field"...

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January 3, 2019


OPEC to cut output further if oil prices fail to recover: Energy minister

Energy minister said he was confident oil prices will return to between $65 and $70 a barrel by April, but stressed that the OPEC alliance would cut production further if the market had not responded by then.

“If the situation requires a further reduction, we will do it,” Algerian energy minister Mustapha Guitouni said Sunday in Algiers, according to the official APS agency, in response to the plunge in oil prices which has seen benchmark"...

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January 2, 2019


Eskom concludes revised executive structure

South Africa’s power generating company Eskom has concluded the Section 189 process for its top executive structure, reducing the number of positions in the organisation.

In a statement, the power utility said the process sets a new course for the course for the organisation to be cost-effective, efficient and sustainable.

Group Chief Executive Phakamani Hadebe thanked"...

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