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Category: Gas

International Gas Oil

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and

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International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development The African Export-Import Bank (Afreximbank) has approved a $200 million financing package to support Shoreline Power Company Limited and Italy’s Arkad SpA in the development of the Hassi Bir Rekaiz (HBR) Phase 2a oil and gas project in Algeria, one of the country’s largest upstream energy developments. The financing will enable Arkad to execute its 44% share of the $980

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Local Gas News Oil

Angola Reaffirms Commitment to Private Investment in Oil and Gas Sector

Angola Keeps Oil and Gas Sector Open to Private Investment to Drive Growth and Exploration Angola has reaffirmed its commitment to attracting private investment into its oil and gas industry, underscoring the critical role of the private sector in sustaining production, expanding exploration, and supporting the country’s long-term energy ambitions. Speaking during a meeting with industry stakeholders, Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo said Angola remains open to both domestic and international

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Gas Local News

Angola LNG Plant Begins 32-Day Maintenance Shutdown as Gas Production Temporarily Falls

Angola LNG has temporarily halted operations at its Soyo facility for a 32-day maintenance programme, reducing LNG production while ensuring long-term reliability of the gas plant Angola LNG has temporarily suspended operations at its liquefied natural gas (LNG) plant in Soyo, Zaire Province, to carry out scheduled maintenance work aimed at improving the reliability, safety and efficiency of its facilities. The maintenance programme is part of a planned intervention involving the Angola LNG plant, the

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International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South Africa is reviving plans to explore offshore oil and gas resources that were first considered decades ago, as the country seeks to strengthen energy security and attract investment into its upstream sector. The exploration strategy, initially developed during the apartheid era, has gained renewed attention as global energy markets shift and countries look to secure reliable domestic energy supplies. Advances

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International Gas News

World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development

Côte d’Ivoire Secures $875 Million World Bank Support to Expand Gas Sector and Boost Energy Security Côte d’Ivoire is set to strengthen its natural gas sector after securing an $875 million financing package from the World Bank to support gas infrastructure development, investment, and long-term energy security. The funding will support the implementation of the country’s Gas Master Plan, which aims to expand gas transmission and distribution infrastructure while creating a roadmap for future sector

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Corporate News Gas International

Eni and Libya’s NOC Begin Production From Sabratha Gas Compression Project

Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in partnership with Libya’s National Oil Corporation (NOC) through the Mellitah Oil & Gas joint venture, has commenced hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to extend production from the Bahr Essalam gas field. The project represents an important step in efforts to maximise recovery from the mature offshore field and maintain long-term gas production capacity

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International Gas News Oil

Mozambique and Tanzania Deepen Oil and Gas Cooperation Through New Regulatory Partnership

Mozambique and Tanzania Regulators Sign MoU to Strengthen Oil and Gas Sector Governance and Expertise Sharing Mozambique’s National Petroleum Institute of Mozambique (INP) and Tanzania’s Petroleum Upstream Regulatory Authority (PURA) have signed a memorandum of understanding (MoU) in Maputo to strengthen cooperation and build regulatory capacity in the oil and gas sector. The agreement provides a framework for technical collaboration, allowing the two regulators to exchange knowledge, expertise and best practices in key areas, including

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Local Economy Gas Oil

Angola’s Oil and Gas Dominate Economy with $27.7 Billion in Export Revenues in 2025

Angola’s Oil and Gas Exports Reach $27.7 Billion in 2025 as Production Exceeds One Million Barrels Per Day and China Leads Purchases Angola’s economy continued to be heavily driven by its oil and gas sector in 2025, which generated the vast majority of export earnings, according to data from the Ministry of Mineral Resources, Oil and Gas. Crude oil remained the country’s dominant export commodity, earning approximately US$24.5 billion over the year. Natural gas contributed

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International Corporate News Gas

Dana Gas Reports Major Egypt Gas Discovery as Outstanding Payments Are Fully Settled

Dana Gas Boosts Egypt Investment Following Gas Discovery and Settlement of Receivables Dana Gas has announced strong operational and financial progress in Egypt after receiving US$21.5 million in additional payments, bringing all outstanding receivables owed by the Egyptian government to a full settlement. The company said the improved payment discipline, a more supportive fiscal framework, and closer collaboration with Egyptian authorities have strengthened its confidence to expand investment in the country. Egypt is seeking to

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