Minister of Petroleum and Mineral Resources Karim Badawi has met with a high-level delegation of officials from the Italian company Eni, the largest investor in the energy sector in Egypt. Eni’s delegation included Guido Brusco, Eni’s Chief Operating Officer-Natural Resources; Martina Opizzi, Eni’s Head of the North Africa and Levant region; Luca Vignati, Eni’s Director of Upstream; and several company officials.
The AEC-led webinar outlined emerging investment opportunities across Angola’s oil and gas market ahead of the country’s 2025 licensing round.
The volume of coalbed methane held in a key asset in Botswana operated by Australia-listed minnow Botala Energy has increased by more than 40% to hit some 450 billion cubic feet, according to a third-party estimate.
Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia), announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia.
When Ghana discovered oil in 2007, some observers predicted the “Dutch Disease” as the variant of the resource curse awaiting the country.
The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern, according to new data that Baker Hughes published on Friday.
The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia continued to take market share from the Kingdom in key Asian export destinations.
Kazakhstan plans by September 2025 to offset gradually the excess volumes of oil produced in the first half of the year under the OPEC+ deal, the country’s Energy Ministry said.
In the ever-evolving landscape of global energy, the oil and gas industry stands as a cornerstone, affecting everything from the oil and natural gas corporation share price to global geopolitics. Despite the rise of renewable energy sources, oil and gas remain critical to meeting the world’s energy demands, driving the need for continuous drilling, refining, and innovation. As prices fluctuate and the push for sustainability intensifies, the industry faces challenges and opportunities in equal measure. This foundational sector not only fuels vehicles and powers industries but also significantly impacts economies and the labor market, offering numerous oil and gas jobs worldwide.
Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl.