Navitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa following regulatory approval from the South African government and the completion of a farm-down by Eco (Atlantic) Oil & Gas.
Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has announced its role as Co-Financial Adviser on the close of a ₦728.9 billion ($550 million) Series 2 power sector bond issued by NBET Finance Company under Nigeria’s Presidential Power Sector Financial Reforms Programme (PPSFRP).
Russia’s total gas production rose 3.4 per cent year-on-year to 446.5 billion cubic meters (bcm) in the first eight months of 2026, according to federal statistics service Rosstat.
South Korea plans to reduce its reliance on Middle Eastern crude oil to 50 per cent by 2035, as Seoul seeks to diversify energy supplies following regional disruptions. The government’s 10-year resource security plan calls for a major transformation of supply chains.
GE Vernova has announced that it has signed a services agreement with the affiliates of the Egyptian Electricity Holding Company to provide Rotor Life Extension (RLE) solutions for five of its 9F gas turbines located at the Cairo North power plants in Egypt.
Sulzer has supplied its DEVO purification technology to BeyondPoly’s Version 2.0, 100,000-tonne-per-year polyolefin elastomer (POE) plant in China, supporting production of a material increasingly used in solar panels, electric vehicles, energy storage systems and other advanced manufacturing applications.
Eclipse Energy said an independent techno-economic assessment by Wood has validated the commercial potential of its RenovaStrata H2 technology, which is designed to convert depleted oil reservoirs into hydrogen-producing assets.
Faster electrification of the global economy could strengthen energy security, improve competitiveness and reduce emissions, with cost-effective technologies potentially bringing a proposed global target of 35 per cent electrification within reach by 2035, according to a new International Energy Agency (IEA) report.
Shell Offshore has completed the sale of its 50 per cent non-operated interest in the Na Kika platform and associated fields in the Gulf of America, along with its wholly owned Coulomb tieback.
TotalEnergies, operator with a 40 per cent stake, and Nigerian partner AMNI, which holds 60 per cent, have taken the Final Investment Decision (FID) for the development of the Ima gas field offshore Nigeria.
