Monday, February 3, 2025

Egypt Brings Three Mega-Sized Natural Gas Plants Online

Country invested in three 4,800-MW NatGas plants as part of its 50%, $9-billion power generation expansion From Power Magazine New natural gas-fired power plants and wind farms are part of Egypt’s strategy to increase the country’s power generation by at least 50%. It began delivering on that plan in July as it brought three gas-powered plants online in addition to

Mexico’s Next Government Starts Oil Contract Reviews with Talos-Led Deal

From Reuters Mexico’s incoming government has begun its promised review of oil contracts, starting with a major project won by a consortium led by U.S.-based Talos Energy, the country’s next energy minister said. Set to become Mexico’s first leftist leader in modern history when he takes office in December, President-elect Andres Manuel Lopez Obrador vowed during the campaign to review all

Venezuela Sold 9.9 Percent of Joint Venture to China Oil Firm: Maduro

From Reuters Venezuela has sold 9.9 percent of shares in oil joint venture Sinovensa to a Chinese oil company, President Nicolas Maduro said on Tuesday, adding the OPEC nation expected some $5 billion in joint investment with China to boost its crude output. He did not say how much Venezuela received or which company bought the shares in Sinovensa, which is

Norway’s Aker BP Bets on Software Engineers for Oil

From Reuters When the owners of Norwegian oil firm Aker BP (AKERBP.OL) decided to digitize its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one. So instead they set up their own, Cognite www.cognite.com, to create digital maps of Aker BP’s oil industry assets, integrating data from equipment such as