Author: intent

Abu Dhabi National Energy Company, better known as Taqa, is selling its stake in the Atrush oilfield in the Iraqi Kurdish region.

The company, through its wholly owned subsidiary Taqa International, has entered into a definitive agreement with General Exploration Partners to sell all of its interest in the oilfield, Taqa said on Monday in a filing to the Abu Dhabi Securities Exchange, where its shares are traded.
It did not provide further details but said the transaction remains subject to third-party approvals.

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4bn.

Despite the many pledges by the Nigerian authorities to meet the Organisation of Petroleum Exporting Countries (OPEC) production quota in 2023, the country failed do so, although it made appreciable progress in raising crude oil production compared to 2022

Egypt’s Ministry of the Public Business Sector and Norwegian renewable power producer Scatec ASA (OSL:SCATC) are considering the development of a solar project to supply clean energy for the operation of the aluminum complex in the city of Nagaa Hammadi in Upper Egypt.

Norway’s energy ministry said Jan. 19 it was considering its response after a district court overturned the ministry’s approval for three recent North Sea oil and gas projects in a case brought by Greenpeace and the youth wing of Friends of the Earth

Vice President Dr Mahamudu Bawumia on Wednesday, January 18 welcomed, to the Jubilee House, H. E. Roosevelt Skerrit, Prime Minister of Dominica.

The Prime Minister called on Dr Bawumia for a mutually beneficial discussion between the two countries.

Dr Bawumia wrote on Facebook that their deliberations focused on many areas, including the importance of renewable energy mix.

Indonesia is hoping that a giant natural gas discovery off North Sumatra province will boost investment into its energy sector. But the path toward commercialization may face challenges, including those emerging from the presidential election next year, analysts said.