1. Egypt has signed exploration agreements with Petroceltic, Dana Gas, and Edison to drill a minimum of 8 exploration wells in the Mediterranean Sea, Gulf of Suez, and Nile Delta. This is expected to attract $265 million in investment to Egypt.
2. India and the UAE have announced plans to increase renewable energy capacity and reduce dependence on conventional fuels. However, high costs and lack of infrastructure pose challenges to renewable energy adoption.
3. Shell plans to sell three producing oil and gas fields in the North Sea as part of its strategy to divest $15 billion in assets over two years and focus on growth opportunities.