Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand
CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from
Halliburton Co.
and
Chevron Corp.
to
Eni
SpA are ramping up their presence in the region as demand from Europe grows.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…