Nigeria has launched its 2026 oil and gas licensing round, opening commercial bidding for 50 exploration blocks as Africa’s largest oil producer seeks to attract more than $10 billion in new investment and expand production.
A&O Shearman, a leading law firm, has advised Abu Dhabi Future Energy Company (Masdar) on a combined $6.1 billion financing package for a landmark solar-plus-storage project in Abu Dhabi.
Sabic has signed a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer, to explore collaboration opportunities in advanced materials and solutions for EV development and manufacturing.
In a swift overhaul of the cabinet following the resignation of Keir Starmer, newly appointed Prime Minister of the UK, Andy Burnham, has named Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero.
Eurodia Industrie, a global specialist in industrial liquid extraction and purification technologies, has secured an €18 million ($20 million) minority investment from Starquest Capital and Yotta Capital Partners to support its international expansion and industrial scale-up.
Saudi petrochemicals company Alujain has entered into an agreement with Belgian group Beaulieu Fibres International to expand production of polypropylene fibres and nonwoven products in Yanbu Industrial City. Under this, BFI will invest SAR89 million ($23.7 million) in Alujain's key subsidiary IRIC.
Applus+ UAE has begun rig service operations in Somalia, supporting an offshore drilling exploration programme. The company is providing testing, inspection, and certification services to ensure equipment integrity, compliance, and operational readiness in a remote offshore environment.
Business analyst George Okoroma has partnered with the Scottish Africa Business Association (SABA) to coordinate a senior West African energy delegation to Aberdeen this September, creating new opportunities for collaboration between African energy companies and Scotland’s energy sector.
bp has reached an agreement to sell its mobility, convenience and electric vehicle (EV) charging businesses in Austria to volenergy. The deal includes 250 bp branded retail sites, of which around 115 are company owned and franchise operated, as well as electric vehicle charging infrastructure and the associated fleet business.
Adnoc is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).
