The Energy Circle

𝐖𝐡𝐲 𝐂𝐮𝐛𝐚 𝐢𝐬 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝐁𝐢𝐠 𝐓𝐡𝐢𝐧𝐠 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 Did you know that Cuba is emerging as a major player in the energy sector? The Northern Oil Belt (NOB) is just the beginning. 🌍 With its refining capacity and investment opportunities in exploration and production, Cuba presents unparalleled potential for global companies. 🌟 Discover how you can capitalise on these unique opportunities. Click in the comments ⬇️ to read the full article and learn how the Cuba Energy Summit can be your gateway to Cuba’s energy market. #Investment #Energy #Cuba #Oil #OilAndGas #EnergyInvestment #GlobalMarkets #EmergingMarkets #BusinessOpportunities

💥 Big win for Valeura Energy! On August 15, 2024, they officially kicked off oil production from Nong Yao C, their latest offshore development in the Gulf of Thailand (licence G11/48). Starting strong at 7,200 barrels per day (bpd), Valeura is set to boost this to an impressive 11,000 bpd soon! What's even more impressive? They hit this milestone under budget – a rare feat in the oil game! The company plans to maintain this peak production throughout the rest of 2024, tapping into the rich potential of this offshore field. 🛢️ Why did Valeura choose Nong Yao C? 🌊 This area is a treasure trove of underwater oil reserves, making it the perfect site to supercharge production. CEO Dr. Sean Guest is already looking ahead to infill drilling—a strategy of adding more wells to maximise extraction. This ensures the long-term success of this high-yielding project. It’s a game-changer for Valeura and a pivotal moment for offshore oil in Thailand! 🌟 For more on this story, click the link in the comments below! ⬇️ #ValeuraEnergy #NongYaoC #ThailandOilSuccess ⛽🌏🚀

🌍 Spotlight on Timor-Leste’s Energy Frontier: Sunda Energy Plc and the Road to Chuditch-2 In 1998, during Timor-Leste’s early stages of energy exploration, the Chuditch gas field was discovered in the Timor Sea. Although it showed immense promise, the timing and resources needed to develop the project weren’t yet in place. ⏩ Fast forward to today—Timor-Leste is ready to revisit that opportunity. So, what’s different now? Today, with 2.4 trillion cubic feet (TCF) of recoverable gas, Chuditch-2 is set to fuel more than just economic growth. Imagine new schools, improved roads, modern hospitals, and reliable energy lighting up homes across the country. This project is not simply about drilling for gas; it’s about shaping the future and improving the quality of life for everyday Timorese. It represents a chance to build lasting infrastructure that will support families, businesses, and a thriving, self-sustaining nation. 🔍 As we watch the progress unfold, one thing is clear: Timor-Leste is moving forward with confidence, no longer just exploring possibilities but actively seizing them. What will Chuditch-2 mean for the future of this dynamic nation? Time will reveal the full impact, but without a doubt, this is a story worth following. 💼🔧 #TimorLeste #Chuditch2 #EnergyExploration #SundaEnergy #NaturalGas

Chariot Limited, has officially commenced drilling at the Anchois gas project in Moroccan waters. The Stena Forth drillship has arrived, marking a significant leap forward in Chariot’s exploration and development journey. The Anchois-3 well drilling operation is strategically divided into several phases, each designed to unlock the full potential of this crucial gas field. The first phase involves drilling a pilot hole to explore the Anchois Footwall prospect, estimated to hold 170 billion cubic feet of prospective resources. In the next phase, a side-track will be drilled to further evaluate the already discovered gas sands within the Anchois field, which has a 2C Contingent Resource estimate of 637 billion cubic feet. The operation will then progress to the deeper Anchois North Flank prospect, carrying an additional 2U Prospective Resource estimate of 213 billion cubic feet. This project isn't just about gas—it’s about powering Morocco's future, supporting economic growth, and contributing to energy independence. Chariot’s focus on Transitional Gas, Power, and Green Hydrogen aligns with a sustainable energy future. Chariot's CEO, Adonis Pouroulis expressed optimism, seeing significant upside potential. "Success here could expand our resource base to over 1 trillion cubic feet," he stated. This ambitious project aims to power Morocco’s growing economy, enhance the country's energy independence, and contribute to Chariot’s vision of sustainable energy development in Africa. For more details, click the link in the comments below! ⬇️ #Energy #OilAndGas #Morocco #Sustainability #Chariot #AnchoisGasProject #TransitionalEnergy #GreenHydrogen

𝐌𝐞𝐥𝐛𝐚𝐧𝐚 𝐄𝐧𝐞𝐫𝐠𝐲'𝐬 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐏𝐥𝐚𝐧𝐬 𝐟𝐨𝐫 𝐂𝐮𝐛𝐚'𝐬 𝐁𝐥𝐨𝐜𝐤 9 - 𝐀𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐭𝐞𝐫𝐯𝐢𝐞𝐰 Melbana Energy is at the forefront of a groundbreaking oil exploration in Cuba's Block 9, a region with the potential to reshape the country's energy landscape. Discover how this Australian company, in collaboration with Sonangol, is making significant strides towards tapping into one of the largest oil reserves in the region. 🎯 Key Highlights: 📍 Strategic importance of Block 9 📍 Major findings from the Alameda-1 well 📍 Future development plans and opportunities for investors 👉 𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞? Dive into our exclusive interview with Melbana Energy by clicking the link in the comments. Don't miss out on this insight into Cuba's promising energy future! #OilAndGas #CubaEnergy #MelbanaEnergy #EnergyDevelopment #InvestmentOpportunity #Block9

🌍✨ When Malaysia’s PETRONAS, UAE’s ADNOC Group, and the UK’s Storegga get together, big things happen! These energy giants are embarking on a cutting-edge carbon capture and storage (CCS) project in the Penyu Basin, a hidden gem off Peninsular Malaysia. 🌊 This unique area is home to saline aquifers—deep, saltwater-filled rock formations that are perfect for locking away CO2 and helping our planet breathe easier. With AI enhancing their efforts, these companies are setting Malaysia on the path to becoming a leading CCS hub in Asia Pacific. 🌱 Why this partnership? To capture 5 million tonnes of CO2 annually by 2030 and make a big dent in Southeast Asia’s carbon emissions. Maybe not the full answer, but it's a huge step towards a decarbonized future! 🌿💡 For more details, click the link in the comments below! ⬇️ #CarbonCapture #SustainabilityInAction #CleanEnergy #Petronas #ADNOC #Storegga #ClimateSolutions

📣 𝐒𝐏𝐄𝐀𝐊𝐄𝐑 𝐀𝐍𝐍𝐎𝐔𝐍𝐂𝐄𝐌𝐄𝐍𝐓 📣 We're thrilled to announce that Andrew Purcell, Executive Chairman of Melbana Energy Limited, will be joining us as a distinguished speaker at the 𝐂𝐮𝐛𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐮𝐦𝐦𝐢𝐭 2024! Join us in Havana, Cuba, from December 4-6, 2024, for this groundbreaking event! 🇨🇺 Andrew Purcell founded the Lawndale Group (formerly Teknix Capital) in Hong Kong over 15 years ago, a company specialising in the development and management of projects in emerging markets across the heavy engineering, petrochemical, resources, and infrastructure sectors. Prior to this, Mr. Purcell spent 12 years working in investment banking across the region for Macquarie Bank and then for Credit Suisse. Mr. Purcell also has significant experience as a public company director, both in Australia and across Asia. 𝐓𝐡𝐞 𝐂𝐮𝐛𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐮𝐦𝐦𝐢𝐭 𝐰𝐢𝐥𝐥 𝐟𝐞𝐚𝐭𝐮𝐫𝐞: 🔹 Exclusive workshops providing insights into Cuba's energy market 🔹 Detailed views on Cuba’s oil and gas production and refinery operations 🔹 Discussions on gas-to-power opportunities and the renewable energy landscape 🔹 Insights into Cuba's regulatory framework and investment incentives 🔹 Networking sessions with government officials, IOCs, NOCs, and key decision-makers Co-organised by the Ministry of Energy of Cuba and Union CubaPetróleo (CUPET), and proudly co-hosted by Melbana Energy Limited and Sonangol E.P. (Angola’s state-owned oil company), this summit is the premier platform for those aiming to invest and innovate in Cuba's dynamic energy landscape. 🔗 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐣𝐨𝐢𝐧? Click the link in the comments to register now and secure your spot! #EnergySummit #EnergyCuba #Networking #InvestmentOpportunities #Innovation #EnergySummitCuba #EnergyInvestment

Sirte Oil Company for Production, Manufacturing of Oil and Gas has made significant strides in supporting Libya's energy sector. The company has successfully increased production rates and strengthened the national power grid by boosting the supply of natural gas, aligning with the strategic objectives set by the National Oil Corporation (NOC). Key achievements include connecting all oil and gas transmission lines to wells across its fields, optimizing resource flow, and boosting output. Additionally, flared gas from the "Hatiba" field has been redirected to the Brega terminal via a 16-inch condensate pipeline, while production from four wells in the "Rashad" field has been consolidated and directed to the Independence field. These efforts have resulted in a 40 million cubic foot increase in gas, now generating 80 megawatts of electricity, thereby enhancing the country's energy capacity and contributing to the national grid. For more details, click the link in the comments below! ⬇️ #OilAndGas #EnergyInnovation #GasSupply #PowerGeneration #Sustainability #LibyaEnergy #DigitalTransformation #EnergyEfficiency #EconomicGrowth #EnergySecurity #RenewableEnergy #TechInEnergy #SustainableDevelopment #NaturalResources #IndustryLeadership

Zallaf Libya has announced its goal to reach a production rate of 15,000 barrels per day by the end of 2024. In a recent meeting with the National Oil Corporation (NOC), the company reviewed its performance for 2024 and outlined its plans and programs for 2025. The discussions also focused on key projects aimed at boosting production and long-term oil and gas output projections for the next decade. The meeting was attended by directors from the NOC's technical departments, members of Zallaf Libya's management committee, and representatives from Al-Jowf Oil Technology Company, Libya Technology Company, the National Drilling Company, and the National Construction Company. For more details, click the link in the comments below! ⬇️ #Libya #OilAndGas #Energy #ZallafLibya #ProductionTargets

VAALCO Energy, Inc has announced its strategic expansion plans for Egypt’s oil sector following a high-level meeting with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting included key VAALCO executives: Chief Operating Officer Thor Pruckl, Egypt Country Manager Iman Hill, and Executive Vice President of Government Relations Tawfiq Nassif. The discussions focused on enhancing production capabilities and exploring new opportunities within Egypt’s oil-rich regions. Minister Badawi reaffirmed Egypt’s commitment to maintaining strong relationships with international oil companies and emphasized the importance of continuous dialogue and collaboration. He highlighted the government’s support for companies like VAALCO in expanding operations and attracting new investments. In Egypt, VAALCO is actively working to enhance production throughout 2024 with a series of planned workovers and interventions, including the successful recompletion of the K-81 well. The company also completed several workover recompletions in the second quarter, with more underway, demonstrating the economic viability of these operations. For more details, click the link in the comments below! ⬇️ #VAALCOEnergy #OilAndGas #EgyptOilSector #StrategicExpansion #EnergyInvestment #PetroleumIndustry #Egypt #OilProduction #EnergyNews #GlobalEnergy #EnergyDevelopment #OilExploration #InvestmentOpportunities #EnergyCollaboration #EgyptEnergy