Trading giants Vitol and Glencore will receive $380 million in compensation after their gas supplier, Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer over cargo non-delivery, according to court documents seen by Reuters. The case, heard in London’s High Court and Court of Appeal, is part of a growing wave of lawsuits filed by buyers against sellers and producers for failing to deliver cargoes. These disputes
The Republic of Congo and Venezuela have announced plans to enhance their collaboration in the hydrocarbons sector, including exploring joint venture opportunities between companies from both nations. On February 13, Congo’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, met with Venezuela’s Ambassador to Congo, Laura Evangelia Suarez, to discuss capacity-building initiatives and partnership opportunities in oil and gas. This new collaboration builds on the first session of the Joint Commission, held in Caracas in 2023, which
On Friday, 21 February, Ghana’s President John Mahama welcomed President Carlos Manuel Vila Nova of São Tomé to Accra for a two-day working visit aimed at enhancing bilateral cooperation between the two nations. The discussions primarily centered on oil and gas production, a sector in which both countries have shared experiences. In attendance at the meeting were Ghana’s Chief of Staff Julius Debrah, National Security Advisor Prosper Bani, and Foreign Affairs Minister Sam Okudzeto Ablakwa,
BP’s Greater Tortue Ahmeyim (GTA) LNG project is set to load its first cargo within weeks, according to junior partner Kosmos Energy. The BP-led project began LNG production earlier this year, as detailed in Kosmos Energy’s 2024 earnings report. The first cargo is expected later this quarter, with an LNG tanker already positioned at the Hub Terminal, ready for loading. Kosmos Energy confirmed that gas from GTA’s first phase began flowing from production wells to
ExxonMobil’s President for Upstream, Dan Ammann, led a company delegation that met with Mozambican President Daniel Chapo today, reaffirming the company’s commitment to Mozambique and the liquefied natural gas (LNG) project in Cabo Delgado. According to a statement from the Presidency of the Republic, Ammann emphasized the strong collaboration between the Mozambican government and international partners to advance the LNG project. “It was a pleasure to meet His Excellency President Chapo. We discussed our commitment
Chinese engineering firm Hilong Offshore Engineering has secured a $54.76 million contract with energy giant Eni for the second phase of the Republic of Congo’s first LNG project, Congo LNG. The contract covers transportation and installation of two wellhead platforms at the Marine XII block, near the operational Nene and Litchendjili fields. Work is scheduled to begin in June 2025, with operations set to start in November 2025. The two wellhead platforms will extract gas
Angola introduced 140,185 metric tons of Liquefied Petroleum Gas (LPG) to the domestic market in the first quarter of 2024, marking a 15% increase compared to the previous quarter. Of this, 68% of the supply came from the Angola LNG plant. During a presentation on the oil derivative market’s Q1 2024 results, Angola’s downstream regulator, Instituto Regulador dos Derivados do Petroleo (IRDP), highlighted positive market growth in Q4 2024, with 1.3 million metric tons acquired
Azule Energy announced the successful completion of the Quiluma and Maboqueiro offshore platforms this Tuesday, marking a significant step toward the production of “Made in Angola” gas. This achievement is described as a crucial element of the New Gas Consortium (NGC) project and represents a key milestone in Angola’s first non-associated gas development, according to a statement sent to VerAngola. Alister Forder, Azule Energy’s Operations Director, emphasized the importance of this success, noting that the
Nigeria, Algeria, and Niger have signed key agreements to accelerate the development of the Trans-Saharan Gas Pipeline (TSGP), a project aimed at boosting gas exports to Europe. Officials from the three countries finalized the agreements during a project meeting in Algiers on February 11, 2025. President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, confirmed the signing, noting that energy companies from all three nations were involved. The agreements cover: A Strategic Pipeline for
Mozambique has reaffirmed its commitment to maximizing oil and gas exploration as a catalyst for industrialization and economic growth. Speaking at the Invest in African Energies: Mozambique Roundtable in Maputo, Florival Mucave, Chairman of the Mozambique Energy Chamber, underscored the country’s dedication to harnessing its energy resources for national development. “Our strategy as a developing nation is to ‘Drill, Baby, Drill’—maximizing exploration and production to drive industrialization and economic progress,” Mucave stated. He emphasized that
