Africa

Turkey Inks Oil and Gas Cooperation Pact with Somalia

Turkey signed an offshore oil and natural gas cooperation deal with Somalia on Thursday, the Turkish Energy Ministry said, further strengthening bilateral ties after agreeing a defense deal last month.

Tullow Oil Reports Loss in 2023, Aims for Operational Improvements Beyond 2025

Oil / Africa / E&P

Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.

Egypt Inks $40 Billion Deals for Green Hydrogen Projects

Egypt has signed seven memoranda of understanding with international developers in the fields of green hydrogen and renewable energy in the Suez Canal Economic Zone that could lead to total investment worth around $40 billion over 10 years, a cabinet statement said on Wednesday.

BP to Invest $1.5 Billion in Egypt Gas Projects, Forms Joint Venture with ADNOC

BP is preparing to invest about $1.5 billion to develop gas projects and drilling in Egypt over the next three to four years, the company said on Wednesday.

Endesa's CEO Optimistic About $585 Million Nigerian LNG Contract Arbitration

Endesa CEO Jose Bogas said on Wednesday he was optimistic about the outcome of a $585 million arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

ADNOC Executive Emphasizes Gas-Centric Strategy, Eyes Egypt Market Potential

A top executive of state-owned Abu Dhabi National Oil Company (ADNOC) on Monday said the company's strategy was anchored around gas output and that Egypt has been identified as a market with a lot of potential.

Editor’s Notebook: Niger’s Bold Move as Exporter

Last month, Niger’s military chief, Abdourahamane Tiani, told an audience on state television that his fellow citizens could expect the west African nation to export its first barrels of crude within the next few weeks.

Sonatrach to Supply Germany with Pipeline Gas for the First Time

Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach, the companies said on Thursday.

Oil India in Talks to Resume Drilling Operations in Libya After 13-Year Hiatus

Oil India is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told Reuters.

Shell Commits to Developing Nigeria Gas Field to Supply Dangote Fertilizer Plant

Shell has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man Aliko Dangote, the company said in a statement.

Projects February 2024

East African Crude Pipeline delivers first shipment; Pembina acquires Enbridge’s stake in Alliance Pipeline; KM boosts Permian Highway pipeline capacity by 550 MMcf/d; and more!

Tanzania's TPDC Doubles Stake in Mnazi Bay Gas Field Deal with Maurel & Prom

The Mnazi Bay gas field, in the Mtwara region of the country's south, has an estimated 641 Bcf of recoverable natural gas reserves and contributes nearly half of the gas used to generate electricity in the East African country.

Global News February 2024

Latest industry developments from around the world!

Algeria's Sonatrach, Britain's Grain LNG Sign 10-Year LNG Deal

Grain LNG said on Wednesday it had signed a 10-year deal with Sonatrach to extend the Algerian company's long-term storage and redelivery capacity at Europe's largest LNG import terminal beyond January 2029.

Morocco, Nareva, and GE Vernova Forge Partnership for Green Hydrogen Power Plant in Laayoune

The plant is located in Laayoune, the largest city in Western Sahara, a territory Morocco considers its own but where the Algeria-backed Polisario front seeks to establish its own state.

Nigeria Oil Enters Unclear New Era After Shell's Onshore Asset Sale

Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.

Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years

The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations.

Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines

(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.

Shell Pipeline Leak Sparks Investigation by Nigeria's Oil Spills Agency

A pipeline owned by Shell's subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak, the country's spills agency and an environmental group said on Saturday.

Shell Ends Nearly a Century in Nigeria's Troubled Onshore Oil, Sells Subsidiary for $2.4 Billion

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.

Vopak Consortium Selected to Operate New LNG Terminal in South Africa

South Africa has selected a Vopak consortium as the preferred bidder to develop and operate an LNG terminal at the Port of Richards Bay for 25 years, state-owned Transnet National Ports Authority said on Wednesday.

Nigeria's Dangote Refinery Set for Test Runs After Getting More Crude

Nigeria's Dangote oil refinery could begin test runs as early as this week after receiving a sixth crude cargo on Monday, company officials said, finally bringing the 650,000 barrels per day plant to life after years of construction delays.

Nigeria's Top Court Says Shell's Appeal Should Be Heard After Oil Spill Claim

Nigeria's Supreme Court on Friday ruled that Shell should be granted a hearing over an alleged oil spill in the Niger Delta after the Court of Appeal halted an asset sale and ordered a judgement claim to be paid prior to hearing its case.

TotalEnergies Appoints Expert to Evaluate Land Acquisition for Uganda, Tanzania Pipeline Projects

CEO Patrick Pouyanné has tasked Lionel Zinsou, a recognized expert in African economic development, with evaluating the land acquisition program conducted in Uganda and Tanzania as part of the Tilenga and EACOP (East African Crude Oil Pipeline) projects.

Nigeria Aims to Raise Oil, Condensates Output to 2.6 Million bpd by 2026

Nigeria's upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, an ambitious jump from 2023 levels of around 1.6 million bpd.

Global News January 2024

Latest industry developments from around the world!

At Least 40 Dead in Liberian Gas Tanker Explosion, Says Official

At least 40 people have died following the explosion of a gas tanker in north-central Liberia, the West African country's chief medical officer, Francis Kateh, said on Wednesday.

TotalEnergies to Restart Its Delayed Mozambique LNG Project in Early 2024

French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday.

Congo LNG Project Boosts Drive for Viable Gas Economy

(P&GJ) — The Republic of Congo is among the African countries making progress in harnessing natural gas for export as LNG, as well as meeting the energy demands of an increasing population — now estimated at 6 million — and expanding its installed electricity capacity of 600 MW by 2018.

Natural Gas’ Sleeping Giant Explores Its Possibilities

(P&GJ) — Africa is a land full of promise, blessed with abundant resources and huge untapped potential in human capital. And when it comes to natural gas, the country’s gas reserves in 2021 were estimated at 625.6 Tcf, which is nearly equivalent to that of the United States.