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Arcius Energy inks agreement to develop Harmattan gas field in Egypt
The Egyptian Natural Gas Holding Company (Egas) inked a final investment decision (FID) with XRG’s Arcius Energy to develop the Harmattan gas field in the Mediterranean, according to a statement from the Oil Ministry.
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. Enppi was appointed as the general contractor for the project.
REMEMBER- Arcius Energy — a JV between BP and Adnoc’s investment arm XRG — first acquired the field from Shell and BP in November under a concession transfer agreement with Egas that grants it full rights to the El Burg offshore block. The company said it is planning to drill up to three wells, install a fixed offshore platform, and build a 50 km pipeline to onshore processing facilities near Port Said.
Dubai plans 600 EV supercharging stations
Dubai is rolling out 600 electric vehicle supercharging stations across parking spaces under a AED 150 mn project with state-owned Emarat EV Charging Stations Company (UAEV), state news agency Wam reports.
The details: The EV stations will be installed across neighborhood parks, public beaches, and recreational facilities, as part of the emirate’s broader push to cut down on carbon emissions and scale up EV adoption. The first phase of the project will see 75 charging stations installed across 150 parking spaces over the next two years.
IN CONTEXT- The UAE is targeting 50% EV adoption by 2050 under its National Electric Vehicles Policy and is rapidly scaling up its infrastructure. UAEV also targeted the installation of over 500 public EV chargers by the end of last year, and 10k chargers by 2030. Furthermore, Adnoc Distribution had around 200 chargers across the country in 2024 and is targeting 500 by 2028, while Abu Dhabi Mobility is rolling out 1k Charge AD stations under PPPs.
DP World and AD Ports to help boost Nigeria’s maritime capacity with new shipping line
Nigeria tapped port operators DP World and AD Ports Group for its new planned national shipping line. Nigeria has been looking to reduce reliance on foreign carriers, retain more maritime value for its domestic economy, and create local shipping jobs. The initiative is part of a wider push to boost maritime capacity, improve cargo handling, and reduce congestion at ports.
