Aug 26 (Reuters) – Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt’s petroleum ministry said on Tuesday.Another well, the Zohr-6 well, has added about 65 million cubic feet per day of gas to Egypt’s output, the ministry added.Italian energy group Eni (ENI.MI),...
Author: Energy Crossroad (Energy Crossroad)
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Oil falls from almost three-week high driven by Russian supply risks
LONDON, Aug 26 (Reuters) – Oil prices lost more than 1% on Tuesday after surging nearly 2% in the previous session as traders monitor developments surrounding the war in Ukraine and potential disruption to Russian fuel supplies.Brent crude was down $1.08, or 1.57%, at $67.72 a barrel by 1040 GMT, having hit its highest since...
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Namibia–Botswana oil refinery project moves to feasibility stage
Feasibility studies are currently under way for a proposed joint oil refinery between Namibia and Botswana, with Walvis Bay and Ghanzi under consideration as possible sites, Namibia Mining & Energy can reveal. Although cost estimates of around US$4 billion have been mentioned, Deputy Head of the Upstream Unit, Carlo McLeod, says that no official budget...
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How Artificial Intelligence Is Both Driving and Derailing Decarbonization
Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack...
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Ghana Energy Awards Sets New Date for Media Launch and Nominations Opening
The organizers of the Ghana Energy Awards (GEA) have confirmed Tuesday, 9th September 2025 as the new date for the Media Launch and official Opening of Nominations for the 9th edition of the prestigious awards scheme. This year’s launch will unveil the theme for the 2025 Awards, along with details of the award categories and...
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Ghana’s Kenneth Majdoub Joins Global Youth on “Icebreaker of Knowledge” Expedition to the North Pole
Murmansk, Russia Fourteen-year-old Kenneth Majdoub proudly represented Ghana on the sixth Icebreaker of Knowledge international scientific and educational expedition to the geographic North Pole. He was among 66 outstanding students from 21 countries who spent 10 days aboard the 50 Let Pobedy nuclear icebreaker, combining science, exploration, and cultural exchange. For Kenneth, the youngest Ghanaian...
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Ukraine drone hits Russian nuclear plant, sparks huge fire at Novatek’s Ust-Luga terminalBy Guy Faulconbridge and Lidia Kelly
A view shows the Kursk Nuclear Power Plant (KNPP) in the course of Russia-Ukraine conflict, as seen from the town of Kurchatov in the Kursk region, Russia, March 19, 2025. REUTERS/Shamil… Purchase Licensing Rights, opens new tab Read MOSCOW, Aug 24 (Reuters) – Ukraine launched a drone attack on Russia on Sunday, forcing a sharp...
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The Global Push for a Just Transition in Energy Jobs
For years, energy workers from the fossil fuel sector have been growing increasingly concerned about their future working in the sector. As many countries invest heavily in renewable energy, in a bid to decrease dependence on oil, gas, and coal, many traditional energy jobs are disappearing. However, the knowledge and experience that workers in this...
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Trump withholds Venezuelan oil approval for non-U.S. majors
Bloomberg) — The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni...
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Aker BP makes ‘significant’ oil discovery in Norwegian North Sea
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).Omega Alfa is among the largest commercial discoveries in Norway in a decade. Building...