South Africa held a virtual Cabinet Meeting on Wednesday where President Cyril Ramaphosa’s plan to repurpose and rationalize a number of state-owned enterprises to support growth and development was discussed. Under this plan, the ongoing work to rationalize all petroleum (oil and gas) subsidiaries of the state-owned diversified energy company, Central Energy Fund will be […]

Following the restart of production at the El Feel oilfield just a few days ago, production at the field has come to a halt once again. According to National Oil Corp (NOC), the commander of the “Khalid bin al-Walid Battalion”, Yousif Hassan al-Tabawi, coerced workers at El Feel oilfield to stop production at the field […]

Zenith Energy Ltd. announced that it has made a payment for a total of $250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait’s national oil company, in relation to the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi El Kilani Concession, which […]