Egypt

BP launches five-well offshore gas drilling campaign in Egypt

BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.

Egypt to drill 480 new oil and gas wells by 2030

Egypt’s petroleum ministry will launch 480 exploration wells by 2030 with investments exceeding $5.7bn, aiming to revive production and reduce reliance on imports.

Empower New Energy signs major industrial solar deal in Tunisia

Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
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Sudan and South Sudan sign agreement to secure oil infrastructure

An agreement was reached between Khartoum and Juba to protect key oil installations, as ongoing armed conflict continues to threaten crude flows vital to both economies.

Ethiopia launches $2.5bn refinery to reduce fuel import dependency

Ethiopia has begun construction of its first crude oil refinery in Gode, a $2.5bn project awarded to GCL, aimed at strengthening the country’s energy security amid ongoing reliance on fuel imports.

QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block

QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
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Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.

Putin calls for new financing models for global nuclear energy

At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.

Egypt invests in domestic gas despite rising LNG imports

The Egyptian government is accelerating the deployment of its gas network and the conversion of vehicles to CNG, strengthening infrastructure despite a decline in domestic production.
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EBRD coordinates $74.1mn financing for a 200 MW wind farm in Egypt

The European Bank for Reconstruction and Development leads an international financing structure to support the construction of a wind farm in Ras Ghareb, as part of Egypt’s national energy strategy.

More than $2.2bn diverted from oil in South Sudan, says UN

A UN report reveals that nearly 90% of road projects financed by oil never materialised, fuelling surging poverty amid extreme inflation and poor management.

EBRD grants $74.1mn for 200 MW wind farm in Ras Ghareb

Infinity Power will build a new onshore wind farm in Egypt with financing led by the EBRD and backed by several international partners.
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Egypt signs new deals to revive domestic gas production

Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.

Iran and IAEA sign technical agreement to restart nuclear inspections

Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.

Voltalia unveils SPRING, a strategic plan to restore profitability by 2026

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
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Ethiopia commissions Africa’s largest hydroelectric dam

The Grand Ethiopian Renaissance Dam is now fully operational, with a planned capacity of 5,150 MW, marking a key step in the country’s energy deployment.

Jordan ready to export electricity to Syria pending grid connections

Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.

Egypt commits $343mn to new gas drilling to support supply

The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
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Renaissance Dam could generate $1bn annual revenues for Ethiopia

The Grand Renaissance Dam, set to be inaugurated in September, aims to produce 5,000 megawatts and could generate up to $1 billion per year for Ethiopia, according to the government.

Sudan warns of Heglig evacuation after new drone strikes

Two drone strikes hit Heglig in August, disrupting the strategic Nile Blend export hub and increasing the vulnerability of Sudanese and South Sudanese oil flows.

Rosatom completes welding of El Dabaa reactor, marking key industrial milestone for Egypt

Welding of the main reactor for Egypt’s El Dabaa nuclear power plant has been completed in Russia, marking a major milestone in the development of the country's first civilian nuclear programme.

Germany detains Russian shadow fleet tanker after engine failure

A Panama-flagged vessel suspected of belonging to the Russian shadow fleet was detained by German customs after suffering an engine failure in the Baltic Sea in January.

Egypt plans to lease natural gas liquefaction facilities in Germany

Facing a drop in domestic production, Egypt plans to lease a floating natural gas liquefaction unit in Germany to secure its energy supply.
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Scatec and Egypt Aluminium sign agreement for 1.1 GW solar project in Egypt

Scatec ASA has signed a 25-year Power Purchase Agreement (PPA) with Egypt Aluminium to develop a 1.1 GW solar photovoltaic project coupled with a 100 MW/200 MWh battery energy storage system in Egypt, supported by a sovereign guarantee.

Arrest of South Sudan’s Oil Minister Amid Rising Political Tensions

South Sudan's Minister of Petroleum, Puot Kang Chol, was arrested on the night of March 4-5, exacerbating tensions between supporters of President Salva Kiir and those of Vice President Riek Machar.

Vaalco Energy secures $300 million revolving credit facility

Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
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US LNG Exports to Europe Hit Record Levels in February 2025

In February 2025, US LNG exports to Europe reached a historic high, with the UK as the top importing country, as demand for natural gas continues to grow in the European market.

Nigeria: a green hydrogen project to boost the West African market

A partnership between LONGi and APPL Hydrogen Limited in Nigeria marks a significant step for the development of green hydrogen in West Africa, with export prospects to Europe.

AMEA Power signs agreements to develop 1,500MWh battery energy storage systems in Egypt

AMEA Power has signed agreements with the Egyptian government to build two battery energy storage stations (BESS) in Egypt, with a total capacity of 1,500MWh, to improve grid stability and facilitate the integration of renewable energy sources.
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ACWA Power to Develop Egypt’s Largest Wind Farm with 2 GW by 2026

ACWA Power has signed a 25-year power purchase agreement (PPA) with EETC for the development of a 2 GW wind project in Egypt, representing a USD 2.3 billion investment and helping the country increase its renewable energy share.

Rosatom begins discussions on cooperation with Egypt in quantum technology

The Russian public company Rosatom begins talks with Egypt to explore joint projects in quantum technology, with concrete proposals in several high-tech sectors.

TotalEnergies and ENI Secure a Strategic Gas Agreement Between Cyprus and Egypt

TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.
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Launch of Two New Wells in the Raven Gas Field in Egypt

BP has announced the commissioning of two new wells in the Raven gas field, part of the West Nile Delta project in Egypt. This expansion aims to increase the country's natural gas production and support national energy objectives.

Eni extends Zohr gas field exploration in Egypt by two years

Italian oil company Eni plans to continue its exploration activities at the Zohr gas field in Egypt for an additional two years. This decision comes as the site’s production has declined in recent years, impacting the country’s energy supply.

South Africa: A Directive to Accelerate the Green Hydrogen Market

The South African government plans to issue a directive on green hydrogen on February 17. This measure aims to streamline project approval processes in a sector undergoing structuring, where investments are still struggling to materialize.
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Sudan: Fire at a Major Oil Refinery, Responsibility Disputed

The Sudanese army and the paramilitary Rapid Support Forces (RSF) have accused each other of setting fire to a major oil refinery near Khartoum, escalating tensions in a conflict that has been ongoing for several months.

Qatar pledges technical support to rebuild Syrian infrastructure

Qatar announces technical assistance to restore essential infrastructure in Syria, severely affected by years of conflict. This aid includes an energy contribution as well as support for the electricity sector, which is undergoing restructuring.

Engie Expands Its Wind Farm in Egypt: 650 MW for the Red Sea Wind Energy Project

Engie announces the extension of the "Red Sea Wind Energy" wind farm in Egypt, increasing its capacity to 650 MW. This initiative aims to support the country's renewable energy ambitions while consolidating Engie's role in Africa and the Middle East.
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Germany Rescues Distressed Tanker Accused of Belonging to Russian “Ghost Fleet”

A tanker carrying 99,000 tons of oil, stranded in the Baltic Sea, has been secured by German rescue operations. The incident reignites debates over Russia's "ghost fleet" and its environmental implications.

South Sudan Revives Dar Petroleum Operations with 90,000 Barrels per Day

South Sudan announces the resumption of oil production in blocks 3 and 7, operated by Dar Petroleum, targeting 90,000 barrels per day after a year of disruption caused by armed conflict.