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Schedule restored… but elsewhere
North American cities are filling in the gap the war left in the Formula One (F1) schedule after the cancellations of the Bahrain and Jeddah's April all-female races. Montreal and Austin are now expected to host the competitions in May and October, which would allow the F1 Academy to keep its race count for the year at 14 races across six rounds as planned.
Pumping it out
Arcius Energy reached a final investment decision to develop Egypt’s Harmattan gas field in the Mediterranean. The USD 500 mn project is expected to go online in 2028 and will produce around 150 mn cf/d of gas and 3.3k barrels of condensates per day, with plans to ramp production to 200 mn cf/d and 4.4k barrels of condensates. Arcius Energy — a JV between BP and Adnoc’s investment arm XRG focused on Egypt’s natural gas assets — first acquired the field from Shell and BP in November
More could be coming Egypt’s way, with Eni pledging USD 2 bn in 2026 and Dubai-based Dragon Oil planning at least USD 3 bn over the next few years for exploration and production.
Eyes on Africa
DP World and AD Ports Group are partnering with Nigeria for its planned new national shipping line. The two Gulf operators will help rebuild the African country’s sovereign shipping capacity, as it works towards reducing reliance on foreign carriers and improving port capacities.
