The Energy Circle

President José Ramos-Horta has announced that the $74 billion Greater Sunrise gas project could be underway within months if Australia signs the treaty, marking a major milestone for Timor-Leste! 🇹🇱 This game-changing project, decades in the making, promises to create thousands of jobs and generate hundreds of millions of dollars for our economy during the construction phase. The location of the gas field—just 150 km from Timor-Leste—presents an incredible opportunity to boost local development and maximize economic benefits. With the pipeline and processing facilities set to be established in Timor-Leste, this project will not only enhance our nation’s energy capabilities but also drive sustainable growth and regional prosperity. We are confident in the path forward and ready to become a central player in the energy sector, showcasing Timor-Leste's potential on the global stage. 🌏 #Energy #TimorLeste #SustainableDevelopment #GreaterSunrise #EconomicGrowth #GlobalOpportunities #Innovation #RegionalProsperity

🇱🇾 Libya Emerges as Italy’s Largest Crude Oil Supplier in 2024! 🇮🇹 Libya has emerged as Italy's largest crude oil supplier during the first seven months of 2024. From January to July, Italy imported an impressive 7.39 million tons of Libyan crude oil, which accounted for 22.3% of the country's total oil imports during this period. This volume represents a significant 28.6% increase compared to the same timeframe in 2023, underlining Libya’s growing importance as a critical energy partner for Italy despite the ongoing political challenges and instability in the North African nation. Following Libya, Nigeria ranked as Italy’s second-largest supplier, delivering 11.94 million tons of crude, which made up 35.9% of Italy's overall oil imports—a 31.3% year-on-year increase. Ghana and Cameroon also contributed to Italy’s oil demand, with Ghana exporting 104.3% of its national output and Cameroon contributing 42.3% to the Italian market. This surge in Libyan oil exports further strengthens the longstanding energy ties between Libya and Italy, highlighting the strategic importance of the Mediterranean region in Europe’s energy security. For more details, click the link in the comments below! ⬇️ #Libya #Italy #OilSupply #CrudeOil #EnergyPartnership #MediterraneanEnergy #GlobalEnergy #LibyaOil #ItalyEnergy #OilMarket #AfricaEnergy #Sustainability #EnergyTransition #PoliticalStability #NorthAfrica

Al-Jowf Oil Technology Company honored the Chairman of the National Oil Corporation (NOC), Farhat Bengdara, on October 2, 2024, in recognition of his unwavering support and significant contributions to the oil sector. The event took place in the presence of Khaled Al-Farjani, Chairman of the Management Committee of Al-Jowf. During the meeting, discussions focused on the company’s overall operations and future projects aimed at enhancing productivity and driving innovation within the oil technology space. Al-Jowf expressed its deep appreciation for Farhat Bengdara's continued efforts in supporting the company, which has been instrumental in its development and in advancing Libya’s oil sector. Farhat Bengdara's leadership has been key in shaping the NOC's strategic vision, particularly in increasing oil production and ensuring the stability of Libya’s energy resources. His dedication to advancing the oil industry, along with his steadfast support for companies like Al-Jowf, highlights his commitment to revitalizing Libya’s energy sector and reinforcing its significance to the national economy. This recognition underscores Farhat Bengdara's broader efforts to foster collaboration within the oil sector, ensuring that companies like Al-Jowf are prepared to meet future challenges, contributing to Libya’s economic resilience and sustainable growth. For more details, click the link in the comments below! ⬇️ #OilIndustry #EnergySector #LibyaOil #NOC #FarhatBengdara #LibyaEconomy #OilProduction #EnergyLeadership #AlJowfOil #OilTechnology #EconomicDevelopment #EnergyCollaboration #OilAndGas

🌍 LPG Sales Resume in Havana, Artemisa, and Mayabeque 🌍 Yesterday, the distribution of liquefied petroleum gas (LPG) began in the provinces of Havana, Artemisa, and Mayabeque, bringing relief to approximately 1.7 million customers who had experienced service disruptions since late September. According to the Ministry of Energy and Mines, LPG cylinders are now being distributed, and a ship has been loaded to supply the eastern provinces in the coming days. This follows partial payments that allowed the supplier to begin unloading after weeks of delays. #CubaEnergy #LPG #EnergyDistribution #FuelSupply #Cuba

Farhat Bengdara, Chairman of the National Oil Corporation (NOC), met with Nagy Issa, the newly appointed Governor of the Central Bank of Libya, in Tripoli. The meeting focused on key strategic projects aimed at strengthening Libya’s oil sector and enhancing financial stability in the face of fluctuating global oil prices and previous production disruptions. Chairman Bengdara opened the meeting by congratulating Governor Issa on his new role and expressed optimism about the collaboration between the NOC and the Central Bank. He highlighted how this partnership could be instrumental in stabilizing and advancing Libya's oil industry, which is vital to the nation's economy. For more details, click the link in the comments below! ⬇️ #OilProduction #NOC #LibyaOil #EnergyLeadership #LibyaEconomy #BankingAndEnergy #StrategicPartnerships #OilAndGas #EnergyDevelopment #EnergyStrategy

Sarir Oil Operations has successfully completed the drilling of a new development well, designated as B54, in Contract Area A91 at the Sara Field. Initial testing of the well has shown a production capacity of 2,400 barrels per day (bpd), with expectations that production will reach 3,000 bpd upon completion of the final testing phase and the full resumption of field operations. This development marks a significant milestone for Sarir Oil Operations, as it is the first well drilled at Sara Field since the company took over operational responsibilities from the previous operator in late 2020. It is also the first well to be drilled in the field since 2013. The successful drilling of well B54 demonstrates Sarir Oil’s commitment to boosting production capacity and maximizing output from its key assets, reinforcing its position as a leading operator in the region. For more details, click the link in the comments below! ⬇️ #OilAndGas #EnergyProduction #SarirOil #WellDrilling #SaraField #EnergySector #OilIndustry #BarrelsPerDay #ProductionCapacity #EnergyDevelopment #EnergyNews #LibyaOil #OilExploration #SustainableEnergy #EnergyExpansion #Oilfield

🌍 Thank you to everyone who joined us for today’s webinar: 'Exploring Cuba's Oil and Gas Potential: Opportunities, Challenges, and Future Prospects!' 🌍 It was a great session with insightful contributions from Andrew Purcell, Chairman of Melbana Energy Limited, and Lourdes Davalos Leon, Managing Partner at Dávalos Abogados. Together, we explored the exciting opportunities in Cuba’s oil and gas sector, discussed the challenges of foreign investment, and shared visions for the future of Cuba’s energy landscape. ⚡ Couldn’t make it? Don't worry – you can catch the recording and learn about key topics such as: ✅ The strategic importance of Block 9 in Cuba’s oil exploration efforts. ✅ Legal considerations for foreign investments in Cuba’s energy projects. ✅ Future prospects and investment opportunities within the sector. Stay tuned for more updates, and don’t forget to mark your calendars for the Cuba Energy Summit from December 4-6, 2024, where we will continue this discussion on Cuba’s energy future! ⚡🌱 #Energy #OilAndGas #Cuba #RenewableEnergy #Webinar #CubaEnergySummit

🌟 Everything You Need to Know About Cuba's Legal Framework for Foreign Investment 🌟 🔍 Interested in tapping into Cuba’s fast-growing energy sector? From renewable energy to hydrocarbons, the country offers unparalleled opportunities, all supported by solid legal protections. With tax incentives, legal guarantees, and strategic partnerships with state-owned companies like Union CubaPetróleo (CUPET) and UNE, Cuba is emerging as a key destination for energy investments. Want to learn how to capitalise on these opportunities? 🚀 👉 Read the full article by Dávalos Abogados and explore the legal pathways to maximising your investments in Cuba’s thriving energy market! Read the full article here: 📌 https://lnkd.in/exRbY5T6

In a significant meeting held on October 3rd, 2024, at the National Oil Corporation (NOC) headquarters in Tripoli, NOC Chairman Farhat Bengdara welcomed Stephanie Khoury, the Acting UN Envoy to Libya. The discussions focused on the resumption of oil production, sustainability challenges, and the importance of preserving the NOC’s independence. Khoury emphasized the UN’s support for the NOC in maintaining its autonomy, highlighting both local and international backing to overcome operational and financial difficulties. She stressed the importance of the NOC's role in ensuring stability within Libya's vital oil sector. NOC Chairman Farhat Bengdara reaffirmed the NOC’s commitment to transparency and cooperation with regulatory bodies to ensure the fair distribution of oil revenues. The meeting underscored the ongoing international efforts to support Libya's oil industry and its crucial role in the nation's economic stability. The dialogue reflects the ongoing collaboration between Libyan institutions and international organizations to address the challenges facing Libya’s energy sector. For more details, click the link in the comments below! ⬇️ #OilIndustry #Libya #NOC #EnergySector #Sustainability #UN #FarhatBengdara #StephanieKhoury #EnergyIndependence #InternationalSupport

📢🌍 𝐖𝐞𝐛𝐢𝐧𝐚𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭: Exploring Cuba's Oil and Gas Potential: Opportunities, Challenges, and Future Prospects 🛢️🇨🇺 Join us for an in-depth exploration of Cuba's oil and gas sector! On October 7th, 2024, tune in to our webinar, "Exploring Cuba's Oil and Gas Potential: Opportunities, Challenges, and Future Prospects," where industry experts will dive into the current landscape, opportunities, and challenges shaping the future of Cuba’s energy industry. 📅 Date: Monday, October 7th, 2024 🕖 Time: 7:00 AM (CUBA) | 8:00 AM (Buenos Aires) | 1:00 PM (Madrid) | 9:00 PM (Australia) | 11:00 AM (GMT) 🌎 Language: English ⏳ Duration: 45-60 minutes Featuring Andrew Purcell, Chairman of Melbana Energy Limited, and Lourdes Davalos Leon, Managing Partner at Dávalos Abogados, this webinar will explore the vast potential of Cuba’s oil and gas sector, with a special focus on Block 9 and its strategic importance. Our speakers will also discuss the legal and regulatory landscape for foreign investments, collaboration with Union CubaPetróleo (CUPET), and future development plans to attract international partners. Moderated by Stelios Papagrigoriou, Executive Chairman of IN-VR, this session will provide exclusive insights into the opportunities and challenges of oil exploration in Cuba, as well as strategies for navigating the complexities of this evolving market. Don't miss this opportunity to gain valuable knowledge from industry leaders. 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐭𝐨𝐝𝐚𝐲 𝐭𝐨 𝐬𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐚𝐧𝐝 𝐛𝐞 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐂𝐮𝐛𝐚'𝐬 𝐞𝐧𝐞𝐫𝐠𝐲 𝐟𝐮𝐭𝐮𝐫𝐞.