Agreements serve several important purposes: Investor Confidence – By attracting established companies like Apache, Dragon Oil, and Perenco, Egypt signals to global markets that it remains an attractive destination for oil and gas investment. Job Creation and Services – Exploration projects generate contracts for local drilling services, seismic survey companies, and logistics providers, creating economic...
Author: Energy Crossroad (Energy Crossroad)
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COMAC Hosts Successful Petroleum Fun Games 2025 in Accra
The Chamber of Oil Marketing Companies (COMAC) has successfully hosted the 2025 edition of its annual Petroleum Fun Games (PetFun) at the Burma Camp Sports Complex in Accra. Held under the theme “Beyond the Pump: Energizing Wellness, Unity, and Team Spirit,” the event brought together players from across Ghana’s downstream petroleum sector, including Oil Marketing...
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StarOil CEO Philip K. Tieku Recognized for Visionary Leadership
Philip K. Tieku, Chief Executive Officer of StarOil Ghana and proud alumnus of Accra Academy (Bleoo ’01), has been acknowledged as a model of disciplined and visionary leadership in Ghana’s energy sector. Since assuming leadership, Tieku has steered StarOil Ghana to remarkable heights, positioning the company as a market leader in the downstream oil industry....
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Kenyan School children Turn Scrap Into Wind-Powered Lamps, Lighting Up Rural Communities
Across rural Kenya, a wave of grassroots innovation is transforming how villages are lit at night. Schoolchildren are crafting wind-powered lamps from discarded items like tin cans, broken fans, bicycle parts, and old electronics ingenious creations that are changing lives one light at a time. The concept is simple yet powerful. Using a salvaged fan...
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World’s first sodium-ion portable power station unveiled, offers 1,500-watt power
Bluetti unveils the world’s first sodium-ion portable power station, built for extreme cold.Chinese energy storage and portable power system maker Bluetti has unveiled what it calls the “world’s first” sodium-ion portable power station. Called the Pioneer Na, the system will be available for purchase globally from around mid-October 2025. First unveiled at the Innovation for...
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ExxonMobil awards major Guyana vessels contract
Netherlands-based services provider Smit Lamnalco has been awarded a significant multi-year contract by US supermajor ExxonMobil to provide offshore terminal support services, including four newbuild vessels, for work in the Stabroek block offshore Guyana. Smit Lamnalco, which is 100% owned by Dutch contractor Boskalis following a deal closed last year, said it will supply four...
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Goodbye to NEOM — Saudi Arabia unveils biggest Hydrogen City in history with 400,000 tons annually
Saudi Arabia recently announced its intention to build a massive green hydrogen plant in Yanbu, a project that will be nearly twice the size of the NEOM green hydrogen facility, with the potential to produce 400,000 tons of green hydrogen annually. This move is a component of Saudi Arabia’s broader strategy to become a global...
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Dangote starts free fuel distribution Monday
The Dangote refinery will start the free fuel distribution scheme on Monday, the PUNCH reports. The Dangote Group spokesman, Anthony Chiejina, told our correspondent in a statement that the scheme would start with the South West, the Federal Capital Territory, Abuja, Kwara, Delta, Rivers and Edo States. He added that the refinery has also dropped...
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Ukraine strikes key Russian oil terminal in massive drone attack
But Russian newspaper Moskovskij Komsomolets warned this week that petrol supplies were “near critical”, with drivers in far eastern Russia reporting kilometre-long queues, rationing and soaring prices. Strikes have also hit the Druzhba pipeline, disrupting exports to Hungary and Slovakia – potentially cutting off a key source of foreign currency for Russia. Moscow has intensified...
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Can $60 Billion Transform Nigeria’s Oil and Gas Industry?
Can $60 billion in new investments revive Nigeria’s struggling oil and gas sector? That’s the ambitious target set by the Nigerian National Petroleum Company Limited (NNPCL), which is seeking large-scale financing to boost crude production, expand gas development, and restore the country’s refining capacity. The plan is bold: raise crude oil output to 3 million...