Africa

Global News November 2023

Latest industry developments from around the world!

Uganda, Tanzania to Do Feasibility Study on Gas Pipeline

Uganda and Tanzania have agreed to carry out a feasibility study for a pipeline linking Tanzania's gas fields to Uganda, their energy ministers said on Friday, as the East African neighbors seek to progress a plan first announced in 2016.

Kosmos Energy Anticipates Possible Q2 2024 Start for Tortue LNG Project

Kosmos Energy said on Monday that the start-up of the BP-operated Greater Tortue Ahmeyim (GTA) gas project offshore Senegal and Mauritania could slip into the second quarter of 2024.

Germany Willing to Invest in Nigerian Gas

German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa.

China Supplier Meets Deadline on Uganda 'Smart' Oil Pipeline

EACOP will have the capacity to pump up to 230,000 bpd down a specially designed 897-milw (1,443-km) smart" pipe from western Uganda to the Indian Ocean coastline of Tanzania.

TotalEnergies to Take FID on New Mozambique LNG Terminal in 2024

The Matola terminal could become South Africa's first major LNG supplier at a time when the government wants to significantly expand its domestic gas market.

Algeria's Sonatrach Plans $1 Billion Project for Natural Carbon Storage

Algeria's state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria's Ennahar TV reported on Monday, citing Energy Minister Mohamed Arkab as saying.

Africa Leads the Way in Rapid Expansion of Floating Gas Facilities Amid Rising European Demand

Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible, analysts and energy companies told Reuters.

Global News October 2023

Latest industry developments from around the world!

Angola to Maintain Crude Output at 1.1 Million bpd into 2024

Angola expects to maintain its current crude oil production of 1.1 million barrels a day (bpd) into next year, a government official said on Thursday, even as the country looks to stabilize declining output from mature fields.

Marathon Oil Inks 5-Year LNG Deal for Alba Gas in Equatorial Guinea

(P&GJ) — Marathon Oil Corp. has entered into a five-year firm LNG sales agreement with Glencore Energy U.K. Ltd. for a portion of its equity natural gas produced from the Alba Field in Equatorial Guinea.

Eni and Partners to Decide on Mozambique LNG Investment by Mid-2024

Italy's Eni SpA hopes to reach a final investment decision on its second floating LNG project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.

Chevron Halts Gas Exports via EMG Pipeline from Israel to Egypt

Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, industry and government sources said on Tuesday.

South Africa's Gas Master Plan Nears Release, Aims to Boost Clean Energy

South Africa's master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa's most developed economy for years.

Global News September 2023

Latest industry developments from around the world!

Egypt to Resume LNG Exports, Aiming to Reach 12 Million Tons Annually

Egypt, which faces growing demand for gas from its population of 105 million, will resume LNG exports this month as planned, petroleum minister Tarek El Molla said on Tuesday.

898-Mile Uganda–Tanzania Oil Pipeline Nearing Completion, Set for 2025 Debut

The 1,445-kilometer (898-mile) East African Crude Oil Pipeline (EACOP) that will transport crude from Tilenga and Kingfisher is set to come online in 2025, Uganda National Oil Co.'s chief executive said in an interview.

Climeworks Explores Large-Scale Carbon Capture Project in Kenya

Climeworks is exploring the development of a large-scale direct air capture (DAC) project in Kenya to remove and store carbon dioxide from the atmosphere with Great Carbon Valley, the first of its kind in East Africa, the two companies said on Thursday.

North Africa Will Be Italy's Key Gas Supplier for Years, Eni Top Exec Says

Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects.

Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years

The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

Hundreds of Millions Pledged for African Carbon Credits at Inaugural Climate Summit

An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit.

US Backs Chevron's Subsea Pipeline Plan for Aphrodite Gas Field Amid Cyprus Dispute

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the U.S. company's plan to link it to neighboring Egypt, two industry sources and a U.S. source said on Friday.

Tanzania Names New Energy Minister to Oversee LNG Development

Tanzania President Samia Suluhu Hassan named a new energy minister on Wednesday as part of a cabinet reshuffle, ahead of expected cabinet approval for a $42 billion LNG project.

Global News August 2023

Latest industry developments from around the world!

Australia's Kinetiko Energy in Talks with Sasol on Gas Supply Deal

Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol on a possible supply agreement, Kinetiko’s chief executive said on Monday.

Shell Nigeria Investigates Possible Trans Niger Oil Pipeline Leak

Shell Plc's local unit is investigating a possible leak on its Trans Niger oil pipeline that traverses Bodo community in Nigeria's River state following an Aug. 18 report, a spokesperson said on Monday.

Nigeria's NNPC Destroys Dozens of Illicit Refineries, Oil Pipeline Connections

Nigeria's state oil firm NNPC has successfully dismantled dozens of illicit refineries and unauthorized pipeline connections as part of ongoing efforts to curb theft in the oil-rich Niger River delta, it said on Tuesday.

Italy's Saipem Wins Two Contracts with Eni, BP Worth $700 Million

Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP, worth a total of around $700 million.

Benin's 1,200-Mile Niger Pipeline Project Unaffected by Sanctions Over Coup

Benin said on Thursday that work on a major oil pipeline linking it with neighboring Niger has not been impacted by sanctions imposed on Niamey by leaders of West Africa's regional bloc over last week's military coup, although it could mean a delay.

Italy's Saipem Sees Progress Towards Resuming Mozambique LNG Project

Italian energy services group Saipem on Thursday said efforts to restart a multibillion-dollar LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.