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Arcius Energy Commits $500 Million to Develop Harmattan Gas Field in Egypt

Arcius Energy Commits $500 Million to Develop Harmattan Gas Field in Egypt

Arcius Energy has made a final investment decision (FID) to develop the Harmattan gas field located in Egypt's El Burg offshore concession. The company plans to invest up to $500 million in this project, which marks one of its first major initiatives in Egypt following the acquisition of the concession earlier this year. The development aims to boost the supply of natural gas to the domestic market. The project will be executed in collaboration with the Egyptian Natural Gas Holding Company (EGAS) and local partners, with engineering, procurement, construction, and installation work awarded to ENPPI. Petroleum Marine Services and Petrojet will serve as subcontractors. Arcius operates the El Burg Offshore concession with a 100% interest, which includes the Harmattan field.
SB Nation SB Nation
Paris Saint-Germain vs. Liverpool: Champions League 2025-26 Live Coverage & How to Watch

Paris Saint-Germain vs. Liverpool: Champions League 2025-26 Live Coverage & How to Watch

Coverage of Liverpool's Champions League game at PSG with lineup news, streaming options, and updates.
Reuters Reuters
UN expected to vote on watered-down Hormuz resolution on Tuesday

UN expected to vote on watered-down Hormuz resolution on Tuesday

By David Brunnstrom and John Irish April 6 (Reuters) - The U.N. Security Council is expected to vote on Tuesday on a resolution to protect commercial shipping in the Strait of Hormuz, but in significantly watered-down form after veto-wielding China opposed authorizing force, diplomats said.
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Hunting Secures $63.5 Million Subsea Order for Guyana Offshore Project

Hunting Secures $63.5 Million Subsea Order for Guyana Offshore Project

Hunting has secured a $63.5 million subsea order for a new offshore development in Guyana, reinforcing investment in FPSO-based projects in the region. The order includes the supply of titanium stress joints (TSJs), essential components for subsea riser systems used in floating production, storage, and offloading (FPSO) vessels. Hunting's Subsea Spring business unit will execute the work, with delivery scheduled through May 2028. Revenue recognition is expected to begin in the second half of 2026. This order builds on an additional $4.4 million in related contracts awarded to Hunting's Stafford and Flexible Engineered Solutions units since late 2025, with potential for further scope as the development progresses.
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Halliburton, PETRONAS, Valaris Collaborate on Suriname Offshore Development

Halliburton, PETRONAS, Valaris Collaborate on Suriname Offshore Development

Halliburton, PETRONAS, Valaris Collaborate on Suriname Offshore Development
AP News AP News
US, Israel and Iran agree to tentative ceasefire, even as the terms remain unclear

US, Israel and Iran agree to tentative ceasefire, even as the terms remain unclear

Iran, the United States and Israel have agreed to a two-week ceasefire, an 11th-hour deal that headed off U.S. President Donald Trump’s threat to unleash a bombing campaign that would destroy Iranian civilization
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Flutterwave Secures Nigerian Banking Licence, Plans Aggressive Loan Expansion

Flutterwave Secures Nigerian Banking Licence, Plans Aggressive Loan Expansion

Flutterwave Secures Nigerian Banking Licence, Plans Aggressive Loan Expansion
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SLB OneSubsea and Subsea7 Partner with PETRONAS Suriname to Accelerate Subsea Development

SLB OneSubsea and Subsea7 Partner with PETRONAS Suriname to Accelerate Subsea Development

SLB OneSubsea and Subsea7 Partner with PETRONAS Suriname to Accelerate Subsea Development
AFP AFP
La italiana ENI descubre un importante yacimiento de gas frente a las costas de Egipto

La italiana ENI descubre un importante yacimiento de gas frente a las costas de Egipto

Egipto y el gigante italiano del sector energético ENI anunciaron este martes un descubrimiento "significativo" de gas natural frente al litoral del país norteafricano, muy dependiente de las importaciones de carburante. 
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Arcius Energy Commits $500 Million to Harmattan Gas Field Development in Egypt

Arcius Energy Commits $500 Million to Harmattan Gas Field Development in Egypt

Arcius Energy has made a final investment decision (FID) to develop the Harmattan gas field in Egypt's El Burg offshore concession, committing up to $500 million to the project. This marks one of the company's first projects in Egypt following its acquisition of the concession earlier this year. The development aims to increase natural gas supply to the domestic market and will be executed in collaboration with the Egyptian Natural Gas Holding Company (EGAS) and local partners. Engineering, procurement, construction, and installation work have been awarded to ENPPI, with Petroleum Marine Services and Petrojet participating as subcontractors.
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Lion Energy Advances Oil Exploration with Rig Contract in Indonesia

Lion Energy Advances Oil Exploration with Rig Contract in Indonesia

Lion Energy has secured a contract with Silver City Drilling for the SCD-20 rig to drill the Bula Karang-1 exploration well in Indonesia's East Seram production sharing contract. This marks a significant step in the company's exploration activities in the region. The well is expected to spud in mid-2026 and aims to target oil resources in the East Seram block. Designed as a deviated well, Bula Karang-1 will test offshore structures from an onshore location, which is intended to reduce development costs while accessing potential reservoirs. The prospect is estimated to contain approximately 12 million barrels of oil, with drilling anticipated to provide further insights into the block's resource potential.
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Europe Shifts Focus to Africa Amid Strained US Relations and Middle East Instability

Europe Shifts Focus to Africa Amid Strained US Relations and Middle East Instability

Europe is increasingly turning to Africa for strategic partnerships as relations with the United States become strained and instability in the Middle East disrupts traditional energy supply routes. The European Union has committed over €1 billion through the European Peace Facility and deployed multiple civilian and military missions to support African-led initiatives. This shift marks a move away from traditional aid models towards partnerships based on economic and security interests. EU foreign policy chief Kaja Kallas recently visited Nigeria and Ghana, announcing a €288 million package covering various sectors including healthcare and digital infrastructure. In Ghana, the EU signed its first Security and Defence Partnership, emphasizing mutual security interests. This pivot is driven by Europe's need to secure energy resources and strategic partnerships amid geopolitical tensions.