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Oil Corporate News Gas International

Bourbon Logistics Secures Integrated Logistics Contract for Namibia Offshore Exploration

Bourbon Logistics, a marine services company, has been awarded a comprehensive logistics contract to support an offshore exploration campaign in Namibia. The six-month contract, granted by a major but undisclosed oil and gas company, involves drilling its first well off southern Namibia’s coast. Bourbon Logistics’ responsibilities encompass the entire supply chain, including freight forwarding, logistics base services, and marine operations. The company will manage international shipments, customs clearance for equipment, and base management services to

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International Gas

ExxonMobil Aims for First LNG Production in Mozambique by 2030

ExxonMobil expects to begin liquefied natural gas (LNG) production from its Mozambique project by 2030, an executive announced on Thursday. Partnering with Italy’s Eni and China’s CNPC, ExxonMobil is leading the development, construction, and operation of onshore liquefaction and related facilities in northern Mozambique. “We anticipate starting early works at the Afungi site next year to keep the project on track for first LNG output in 2030,” said Frank Kretschmer, General Manager of ExxonMobil’s Mozambique

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Gas International News

Republic of Congo to Launch Gas Code and Master Plan to Boost Industry Investment

The Republic of Congo (RoC) is preparing to unveil a new Gas Code alongside a comprehensive Gas Master Plan (GMP) in the coming months, both designed to accelerate the development of its natural gas sector. These policies will act as a blueprint for investment across the RoC’s gas value chain. The Gas Code aims to establish a clear legal and regulatory framework that will attract investment in gas exploration and production. It outlines specific legal

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Local Energy Gas Oil

Angola Accelerates Energy Expansion with New Projects and Policies

Angola is fast-tracking its energy development initiatives with a series of projects and policy updates to enhance oil and gas output and promote low-carbon solutions, solidifying its role as a key regional energy producer. At African Energy Week 2024, the National Oil, Gas & Biofuels Agency (ANPG) announced that Angola’s government will release the decree for the Incremental Production Law in November. Designed to counter production declines in mature oilfields, the law introduces favorable fiscal

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International Gas News

Halliburton to Complete Four Deep-Water Gas Wells in Egypt by November

Halliburton, the American oil and gas company, is set to finish drilling four deep-water natural gas wells in Egypt by the end of November. The drilling project encompasses two wells in the Burullus gas field, located in the West Nile Delta, and two in BP’s Raven gas field near Alexandria. An official confirmed that Halliburton has already successfully connected one of the Burullus wells to production as part of the 10th phase of the project.

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Gas International News

Egypt and Eni Discuss Strategies to Boost Gas Production Amid LNG Market Shift

Egypt’s President Abdel Fattah al-Sisi met with Eni’s CEO Claudio Descalzi to explore strategies for enhancing gas production, particularly in light of Egypt’s transition to the liquefied natural gas (LNG) market to satisfy domestic demand, according to reports from the Italian energy group. After the discovery of the massive Zohr offshore gas field in 2015, Egypt aimed to become a significant gas exporter. However, domestic gas production has declined since 2021, reaching a six-year low

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Gas International News

Nigeria and Morocco Reach Key Milestone in $25 Billion African Atlantic Gas Pipeline Project

Nigeria’s National Petroleum Company Limited (NNPCL) and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) have achieved a significant milestone in advancing the African Atlantic Gas Pipeline (AAGP) project, also known as the Nigeria-Morocco Gas Pipeline. The $25 billion initiative has now entered the land acquisition and resettlement phase, marking a critical step toward transforming the region’s energy infrastructure. Mele Kyari, Group Chief Executive of NNPCL, lauded the progress, attributing it to robust regional

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Local Corporate News Gas Oil

Petrobras Considers Return to Angola in Talks with Mineral Resources Minister

Petrobras may soon resume operations in Angola, following discussions held this Monday between Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and a delegation from the Brazilian state-owned oil company led by Sylvia dos Anjos, Executive Director of Exploration and Production. The meeting, held on the sidelines of the Africa Energy Week conference in Cape Town, South Africa, explored the potential for Petrobras to re-enter Angola’s energy market, which both parties described as

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Local Gas Governance Oil

Vice President Urges Greater Gender Equality in Angola’s Oil, Gas, and Mining Sectors

The Vice President of Angola, Esperanca da Costa, emphasized the importance of gender equality in the oil, gas, and minerals sectors during the opening of the “Women in Mining, Oil & Gas” conference. She urged companies operating in these industries to intensify their efforts to enhance women’s participation. In her remarks, da Costa highlighted that estimates from the country’s regulatory agency and other stakeholders indicate that women currently make up only about 14% of the

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Gas International News

ECOWAS Validates Key Agreement for African Atlantic Gas Pipeline Project

The Economic Community of West African States (ECOWAS) has endorsed the Host Government Agreement (HGA) for the African Atlantic Gas Pipeline (AAGP) project, marking a significant milestone in the development of the 7,000-km pipeline. The HGA, which complements the existing Intergovernmental Agreement (IGA), defines the terms of collaboration between host countries and the project company, setting the foundation for the pipeline’s construction. This ambitious infrastructure will link Nigeria to Morocco, supplying natural gas across ECOWAS

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