Africa
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.
Changing Ownership Structure of Africa’s Pipeline Companies
(P&GJ) – Recent buying and selling of upstream oil and gas assets in Africa has opened new growth opportunities for the region’s pipeline market as new players make entry into the management and ownership structure of existing pipeline operating companies.
Egypt Aims to Resume Gas Exports by October, Minister Says
Egypt is targeting a resumption of LNG exports by October at the start of autumn, petroleum minister Tarek El Molla told reporters on July 19.
Global News July 2023
Latest industry developments from around the world!
Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects
(PGJ) — Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and others that supply them.
Shell Inks 12-Year LNG Supply Deal with Morocco
The ministry said that the gas will initially be transported from Spanish ports using a gas pipeline that links the two countries until Morocco builds its own LNG terminals.
Brent Oil Hovers Above $81 After Supply Disruptions
Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.
Africa Explores Vast Clean Hydrogen Potential
The launch of the Africa Green Hydrogen Alliance (AGHA) by Kenya, South Africa, Namibia, Egypt, Morocco, and Mauritania came on the same day that the European Union published its ‘REPowerEU Plan’ to accelerate renewable energy deployment and end its reliance on Russian oil and gas.
Nigeria’s 384-Mile AKK Gas Pipeline Now 70% Complete
(P&GJ) — Nigeria has completed 70% of its 384-mile AKK gas pipeline; Kinder Morgan has launched a binding open season for the expansion of its SFPP pipeline; Sinopec has announced plans to build a 259-mile hydrogen pipeline in Mongolia; Peninsula Pipeline has finished its natural gas expansion project in Florida; and more in the latest issue of P&GJ's Project Update.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
