France’s Maurel & Prom has entered Angola with the acquisition of 20% of blocks 3/05 and 3/05A previously owned by Mitsubishi subsidiary Angola Japan Oil Company Ltd (Ajoco). The licences are two producing and development blocks in shallow...
A consortium led by China National Petroleum Corporation (CNPC) has announced an oil discovery near the Adar oilfield in Block 3. New oil minister Awow Daniel Chuang told Platts the discovery was estimated to contain 300m barrels of recoverable...
UK Climate Investments (UKCI) has announced a financing agreement worth £14m ($17m) with majority black-owned and managed renewable asset manager H1 Holdings. The financing will support development of the 140MW Kangnas wind farm in the Northern...
Eskom has reported a net loss after tax of R20.7bn ($1.4bn) for the year to March 2019, up from R2.3bn for the year to March 2018. While expenditure was reduced by R9.9bn, this was less than the targeted R10.6bn and was fully absorbed in...
Genel Energy plans to farm down its 75% interest in the SL-10B and SL-13 blocks onshore Somaliland. In its H1 results on 6 August, Genel said interpretation of the 2018 2D seismic data together with continued basin analysis has led to the...
UAE drawdown: UAE officials have confirmed the Emirates are reducing their military commitment, in the process starting a new phase in the war. The extent of the UAE drawdown remains unclear. Most of the focus has been on a scaling back of...
Many of the senior figures in the new UK government have at least some experience of Iran and the Arab Gulf countries. GSN has rounded up some of the formally reported contacts. Informally, what is traditionally a very close relationship –...
Sharjah Ruler Sheikh Sultan Bin Mohammed Al-Qasimi has set up a new foundation for humanitarian works in the name of his son, who died unexpectedly in London in early July. Under Emiri Decree 23, issued on 23 July, Sheikh Sultan established the...
Coming soon after the ambitious attacks on two Saudi oil pumping stations in May, the Houthi threat to southern Saudi Arabia was underlined by drone strikes on the civil airport at Abha, on 12 and 23 June (both of which caused fatalities and...
King Salman Bin Abdelaziz Al-Saud chaired cabinet meetings in the new city of Neom on 23 and 30 July, during his stay in the north-west. Underlining the government’s commitment to the project, which sits at the heart of Crown Prince Mohammed Bin...
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