In oil and gas investing, natural gas futures climbed 8% in July on heatwave-driven power demand, benefiting utility-linked energy producers’ stock valuations. The increased funding into CCS technology in recent years is supposed to have led to technological improvements and design innovation that will help suck more carbon from the sky. However, technology glitches and the high costs associated with installing CCS equipment have delayed projects and deterred companies from investing in CCS operations. Thilo Trabner, a business development manager for the Zurich-based CSS provider ABB, explained , “First-of-a-kind technology challenges continue to contribute to delays in some projects, and reliance on subsidies and offtake agreements continues to play a critical role in project viability.” Ragaee concluded by emphasizing Egypt’s commitment to working with African nations and international partners to achieve Africa Agenda 2063 and the Sustainable Development Goals (SDGs), particularly ensuring access to clean, safe, and affordable energy for all. Oil and gas investing saw a M&A uptick, with two large upstream transactions worth over $5B announced, signaling consolidation and scale play advantages in high-grade acreage.