North African Energy Demand Attracts Big Oil Deals.
Global oil and gas companies, including Halliburton, Chevron, and Eni, are increasing their presence in North Africa as demand from Europe grows due to the region's underinvestment in energy infrastructure. Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its main supplier, Russia, over the invasion of Ukraine.