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Category: Gas

International Gas News

Congo Advances Refining and Gas Sector with Strategic Investments

The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates Congo’s sole refinery in Pointe-Noire. Processing one million tons of crude oil annually, CORAF produces finished products like butane gas, gasoline, kerosene, light diesel, and heavy fuel oil, meeting approximately 70% of the country’s refined petroleum needs. The refinery sources most of its crude oil from the Djeno terminal, located south of Pointe-Noire. This terminal, handling 95%

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Corporate News Gas Local News

Chevron’s CABGOC Achieves First Gas from Sanha Lean Gas Connection in Angola

The Cabinda Gulf Oil Company (CABGOC), a subsidiary of Chevron, has successfully achieved first gas from its Sanha Lean Gas Connection project in Angola. Valued at $300 million, the project involves the development of a platform that connects to the Sanha condensate complex and features pipelines linking Blocks 0 and 14 to the Angola Liquefied Natural Gas (ALNG) facility and the Soyo power plant. The first phase of the project will deliver approximately 80 million

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International Gas News Oil

Namibia’s Mines Minister Calls for Strategic Planning to Maximize Oil and Gas Benefits

Namibia’s recent oil and gas discoveries in the Orange Basin present a tremendous opportunity for economic transformation, but Minister of Mines and Energy Tom Alweendo warns that deliberate preparation and strategic planning are essential for turning potential into reality. Speaking at the launch of the Industrial Baseline Survey (IBS) Outcomes for Namibia’s upstream oil and gas (O&G) industry, Alweendo emphasized that economic benefits won’t materialize automatically. “Just because there’s a discovery doesn’t mean we’ll instantly

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International Gas News

BP and XRG Launch Arcius Energy, a Global Natural Gas Venture

BP and XRG have successfully completed the financial close and launched Arcius Energy, an international natural gas platform. Announced in February 2024, the joint venture is owned 51% by BP and 49% by XRG, the investment arm of ADNOC. The partnership leverages the technical expertise and extensive experience of both companies to establish a competitive and robust natural gas portfolio. Arcius Energy’s initial operations will focus on Egypt, incorporating BP’s interests across two development concessions

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Local Gas Mining Projects Oil

ANPG Plans New Oil and Gas Projects to Sustain Production Beyond 2027

The National Agency for Oil, Gas, and Biofuels (ANPG) has announced that the Agogo Full Field (Block 15/06), CLOV (Block 17), Begonia (Block 17/06), Greater Infills, Plutonium (Block 18), and KARI (Block 32) projects will begin production in 2025. These are among the key assets to help maintain oil production above one million barrels per day until 2027, as outlined in the ANPG’s report presented at the X Consultative Council of the Ministry of Mineral

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Corporate News Gas Local Oil

Sonangol E.P. Boosts Efficiency with 30% Increase in Block 3/05 Production

Sonangol E.P. has implemented a series of key initiatives between 2019 and 2024 to address declining production, the impacts of the COVID-19 pandemic, and improve operational efficiency. Key milestones include the development of a strategy to mitigate production declines, restoring water injection systems, restarting production in Block 3/05A, and achieving a 30% production increase in Block 3/05 in 2023, equating to 6,000 barrels per day. According to a report seen by Jornal de Angola, by

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Corporate News Gas

Mitsui and TotalEnergies Near Restart of $20 Billion Mozambique LNG Project

Mitsui & Co., in partnership with TotalEnergies and the Mozambique government, is finalizing plans to restart construction of the $20 billion Mozambique liquefied natural gas (LNG) project, according to Mitsui CEO Kenichi Hori. The project, led by TotalEnergies, has faced delays due to security concerns stemming from violent unrest in the region. However, Hori expressed optimism about recent improvements in the area’s security and assured investors that all parties are addressing remaining challenges. “We are

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International Exploration Gas Oil

Libya to Tender 22 Oil and Gas Exploration Blocks to International Investors

The National Oil Corporation (NOC) of Libya has announced plans to launch a public tender offering 22 onshore and offshore exploration blocks to international oil companies. The announcement was made during a meeting chaired by Libya’s Prime Minister, Abdul Hamid Dbeibah, on December 7. The tender aims to attract foreign investment to bolster Libya’s hydrocarbon sector. NOC Chairman Farhat Bengdara emphasized the introduction of a new standard agreement and an updated procedural manual. These documents,

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International Gas News

Globeleq’s Mozambique Gas Plant Faces Delays, Set for 2025 Commissioning

Globeleq Inc.’s 450-megawatt Central Termica de Temane gas-fired power plant in Mozambique has been delayed until mid-2025 due to extreme weather events that impacted the construction site. The plant, originally slated to begin production this year, was delayed by Cyclone Freddy in 2023 and Tropical Storm Filipo in March 2024, which wreaked havoc along Mozambique’s coastline. In response to inquiries, Globeleq confirmed that these weather systems had disrupted construction and pushed back the plant’s commissioning

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Corporate News Gas International

TotalEnergies to Approve $750 Million Gas Project in Nigeria by 2025

TotalEnergies is set to approve a $750 million investment in the Ima gas project in Nigeria next year, furthering the country’s efforts to attract new hydrocarbon investments. The Ima project, a shallow-water development planned in partnership with a local company, is expected to enhance gas supply to Nigeria’s liquefied natural gas (LNG) plant. This follows a $500 million investment approved earlier in 2024 to develop the Ubeta onshore field, a project designed to produce 300

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