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Category: Gas

Local Gas Mining Oil

Angola to Invest in Geological Staff Training to Enhance Mineral Exploration

Angola is prioritizing the technical training of its geological workforce to tackle the challenges of prospecting, discovering, and managing valuable mineral deposits. This commitment was reaffirmed at the recent opening of a seminar titled “Geological Workflow – Drilling to Geological Decision, Applied to the Oil and Gas Industry.” The event, co-hosted by the Geological Institute of Angola (IGEO) and Seequent, brought together industry professionals for a two-day discussion on mining challenges in Angola. Importance of

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Local Economy Gas News Oil

Angola Ramps Up Oil and Gas Sector with Investments in Refining, Storage, and Decarbonization

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo, outlined a multi-pronged approach to strengthen the country’s oil and gas sector. The plan focuses on attracting investment, achieving self-sufficiency in refined products, and promoting responsible development. The Angolan government is actively seeking investment in several areas: -Refining, Storage, Transport, and Distribution (RST&D) of petroleum products -Construction of gas stations to improve distribution efficiency -Onshore storage facilities with the Barra do Dande Ocean Terminal

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International Exploration Gas News Oil

Mozambique Signs Oil and Gas Exploration Contracts with CNOOC and ENI

The Mozambican government and Chinese oil company CNOOC Hong Kong Holding signed five concession contracts on Thursday in Maputo for oil and gas exploration in the Angoche sedimentary basin, located off the coast of Nampula province. Additionally, a sixth contract was signed with Italian energy company ENI. At the signing ceremony, Minister of Mineral Resources and Energy Carlos Zacarias noted that this milestone is the culmination of a process that began in November 2021, when

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Local Gas Mining News Oil

Diamantino Azevedo Calls for Increased Investment in Angola’s Mineral Resource Processing

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories. Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits. “Currently, our country still imports around 20 percent

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International Energy Gas

President Tinubu Launches Major Gas Projects to Boost Nigeria’s Energy Sector

President Bola Tinubu and the Nigerian government have inaugurated three significant gas projects aimed at strengthening the country’s energy sector. The projects include the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3-km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline, all located in southeastern Nigeria. The inauguration ceremony was chaired virtually by President Tinubu from Abuja. The AHL Gas Plant is a collaborative venture involving the Nigerian National

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International Energy Gas Gold Mining News

Invictus Energy Seals Gas Sales Agreement to Power Zimbabwe’s Eureka Mine

Independent upstream oil and gas company Invictus Energy Limited has signed an MoU with mine operator Dallaglio Investments and power generation firm Himoinsa Southern Africa Proprietary for a gas-to-power project in Zimbabwe. The project will generate electricity to power operations at the Eureka Gold Mine – one of the country’s largest.  Under the partnership, gas extracted from the Cabora Bassa Project will fuel operations at Eureka – located 50km from the Mukuyu-2 wellsite. The African

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International Gas News

ADNOC Acquires 10% Stake in Mozambique’s Rovuma Basin LNG Project

The Abu Dhabi National Oil Company (ADNOC) has acquired a 10% stake in Galp’s Area 4 concession, part of the extensive natural gas project in Mozambique’s Rovuma basin, marking ADNOC’s first venture into the African nation. With this deal, ADNOC will gain access to a portion of the liquefied natural gas (LNG) production from the concession, which boasts a combined capacity exceeding 25 million tonnes per annum, the company stated. The Area 4 concession encompasses

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Gas International News

Australia Faces Gas Supply Shortfalls Despite New Government Strategy

Australia’s energy producers have endorsed the government’s new Future Gas Strategy aimed at bolstering natural gas development but cautioned that the country is still at risk of gas supply shortfalls this decade amidst volatile global markets due to ongoing conflicts. Meg O’Neill, chair of the Australian Energy Producers, expressed the group’s support for the Future Gas Strategy, which was released earlier this month. The strategy underscores the need for new gas sources to satisfy both

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International Gas News

IFC intends to fund Mozambican biofuels

The International Finance Corporation (IFC), a member of the World Bank Group, has expressed its interest in funding the Mozambican biofuels sector, given the country’s high potential. The interest was expressed on Thursday by the IFC executive director, Makhtar Diop, at an audience granted to him by Mozambican President, Filipe Nyusi, during his visit to Kigali, on the sidelines of the Africa CEO Forum. “We talked about cooperation between Mozambique and the IFC. We discussed

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International Energy Gas

Temane Thermal Power Plant Set to Boost Mozambique’s Energy Capacity

According to a document from Eletricidade de Moçambique (EDM), the Temane Thermal Power Plant (CTT), located in Inhassoro district, Inhambane province, will commence commercial operations in January 2025. Expected to be the largest gas-fired power station in Mozambique, the plant will generate 450 megawatts (MW) of electrical energy using natural gas reserves from Pande and Temane over a period of 25 years. This capacity increase is projected to raise the country’s installed electricity production capacity

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