Economy

Energy Giants Pen $4BN Algeria Oil and Gas Contract

The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields.

Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni

New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country

Market and Security Benefits of a Decarbonised Energy System – Study

​Britain could provide greater energy security to businesses and families, expand its ability to deliver home-grown renewable energy and insulate its economy f…

Mainstream and Actis Agree to Sell African Renewables Giant Lekela

Renewable developer Mainstream Renewable Power and investor Actis have signed an agreement to sell the Lekela Power platform to Infinity Group and Africa Financ…

The Green Economy, an Imperative for Economic Sustainability in Africa

As one of the chosen pilot countries, Mozambique hosted a dialogue focused on the green economy in Africa.

Egypt

Egypt’s Infinity to Become Africa’s Largest Renewable Energy Company

Infinity and Africa Finance Corporation will acquire Lekela Power in deal that includes 2.8-gigawatt portfolio of wind power and greenfield projects

France

France to ‘Be Sued Over Its Plan to Nationalise EDF’

An association of EDF employee shareholders has said the government’s decision defies the interests of its minority shareholders

MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region

Power and utilities companies will have enough businesses as governments in the MENA countries plan to implement US$250 billion worth of power projects includin…

Worley to Digitise Shell Gulf of Mexico Assets

Engineering giant will focus on five Shell facilities

GE’s Energy Business Will Have a New Name—Vernova

General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate un…

India

Firetrace Expands Into Chinese and Indian Markets

Firetrace International, a provider of fire suppression technology, has opened facilities in India and China, bringing its fire safety support to these rapidly …

Uniper: How Long 2 Bln Euro Credit Facility Will Last Depends on Market

Embattled German utility Uniper said that how long a 2 billion euro ($2.02 billion) credit facility it drew down earlier Monday would depend on how the market d…

Petronas Says Taking Steps to Protect Global Assets After Seizure of Luxembourg Units

Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries we…

Agreement to Acquire an Interest in a Lithium Project

Greenland Minerals to earn in 51% in the Villasrubias lithium exploration licence located in Spain’s most renowned province for technology metals exploration …

Energy Blockchain Startup FlexiDAO Secures Google and Microsoft Backing

FlexiDAO plans to scale its renewables tracking platform, particularly in the US and Europe, with $6.5 million raised in Series A funding.