Israel’s Natural Gas Authority allocated 41.8 percent of the capacity of the planned Nitzana natural gas pipeline to Egypt to the Chevron Corp-led Leviathan consortium, Leviathan co-venturer NewMed Energy LP said Sunday.
North Rafah spans nearly 3,000 square kilometers (1,158.31 square miles) in the Mediterranean Sea off the northeastern coast of Egypt, QatarEnergy noted. The block has a water depth of up to 450 meters (1,476.38 feet), it said.
SLB and Ormat Technologies have entered a strategic agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). The partnership aims to scale next-generation geothermal solutions capable of delivering clean, reliable baseload energy in regions beyond traditional hydrothermal resources.
The Ghana National Petroleum Corporation (GNPC) has restated its commitment to achieving full operatorship as it continues to strengthen technical competence, institutional resilience, and financial sustainability.
In reality, though, national output has been declining. Data from the Petroleum Commission show crude production fell from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, with a further 26% year-on-year drop recorded in the first half of 2025.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues.
NewMed Energy said Sunday, “Furthermore, to the best of the Partnership’s [NewMed’s] knowledge, concurrently therewith, the said other two exporters also signed transmission agreements with INGL in respect of the share allocated to them in the project, thereby satisfying the conditions precedent that had been stipulated for the Transmission Agreement’s entry into force and effect”.
Indonesian state-owned oil and gas company PT Pertamina has signed a deal to acquire a 24.5 percent stake in the Bobara production sharing contract (PSC) off West Papua Province from Malaysian counterpart Petroliam Nasional Bhd (Petronas).
The Italian energy company’s balance sheet is benefiting from a cost-reduction program introduced earlier this year and asset sales aimed at bringing down debt, while a ramp-up of projects is bringing in more cash.