Africa

South Africa's PetroSA Targets Mozambique Gas in New Sales Deal, Plans Imports via 540-Mile ROMPCO Pipeline

South Africa's PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage.

Niger Signs $400 Million Crude Oil Deal with Chinese Firm CNPC

Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp. worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.

Chevron Begins Pipeline Transport of Leviathan Natural Gas to Ashdod Refinery

NewMed Energy LP, a partner in the Leviathan natural gas field offshore Israel alongside Chevron Mediterranean and other stakeholders, announced the commencement of condensate transportation from the field to the Ashdod oil refinery located in western Israel.

EACOP Reaches Milestone with Commissioning of Coating Plant in Tanzania

In a significant step forward for the Uganda and Tanzania crude oil pipeline project, the East African Crude Oil Pipeline (EACOP) marked a notable achievement as it officially inaugurated its coating plant at Sojo, Nzega – Tabora Region in Tanzania.

Why Morocco Remains Keen on Pipeline Project with Nigeria

Morocco has re-affirmed its commitment to the construction of a new gas pipeline network along the West Africa coastline to promote intra-Africa natural gas trade, as well as to guarantee energy supplies to Europe.

Credit Agricole Declines Funding for Exxon, Eni, and TotalEnergies’ LNG Projects

Credit Agricole said on Monday that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.

CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms

If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.

Nigeria's Oil Output Surges to 1.47 MMbbl/d Amid Crackdown on Crude Theft

Africa / Oil / E&P

Nigeria's oil production is steadily rising, hitting 1.476 million barrels per day (bbl/d) in February, the highest in more than three years, OPEC data showed, as the military and private security contractors crackdown on crude theft and pipeline sabotage.

Morocco Plans to Dedicate 1 Million Hectares to Green Hydrogen Projects

The Moroccan government said on Monday it will allocate 1 million hectares to green hydrogen projects, starting with 300,000 hectares in a first phase, as part of an offer to attract investors.

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.

Global News March 2024

Latest industry developments from around the world!

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.