You are Here

Category: Gas

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

Loading

Read More Here

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

Loading

Read More Here

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

Loading

Read More Here

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

Loading

Read More Here

Gas Exploration Oil

Türkiye Begins Oil and Gas Exploration in Somali Waters with TPAO Vessel

Türkiye has deployed an exploration vessel to Somali waters to search for potential oil and gas reserves as part of its new energy resource strategy. Operated by Türkiye’s state-owned energy company, TPAO, the vessel will carry out extensive seismic surveys in the region over the coming months. Somalia’s government has voiced strong support for Türkiye’s exploration efforts, viewing them as a path to economic growth and energy independence. However, the initiative has raised concerns among

Loading

Read More Here

Oil Gas International

Algeria Launches ‘Algeria Bid Round 2024’ to Attract Global Oil and Gas Investment

Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has initiated the “Algeria Bid Round 2024,” an international tender offering new opportunities in upstream oil and gas projects, according to local reports. ALNAFT Chairman Mourad Belghem announced the tender at the 12th Africa and Mediterranean Basin Energy and Hydrogen Conference and Exhibition (NAPEC 2024) in Oran. This bid round, the first of several planned over the next five years, will open exploration and production

Loading

Read More Here

International Energy Gas

Dangote Cement Commits $280 Million to Nigeria’s Clean Energy Future with CNG Fleet Transition

Dangote Cement Plc has underscored its commitment to Nigeria’s clean energy goals by investing over $280 million (₦460 billion) in compressed natural gas (CNG) technology and infrastructure. This substantial investment supports President Bola Ahmed Tinubu’s CNG Initiative, designed to guide Nigeria toward a low-carbon economy and provide more sustainable, cost-effective energy solutions. Arvind Pathak, Group Managing Director of Dangote Cement Plc, stated that the investment focuses on transitioning the company’s fleet to CNG, with plans

Loading

Read More Here

Local Gas News

Angola Poised to Become Major Gas Supplier in Southern Africa

The Secretary of State for Oil and Gas, José Barroso, announced on Monday that Angola is emerging as a potential gas supplier for Southern Africa. He highlighted growing demand from countries such as the Democratic Republic of Congo (DRC), South Africa, and Namibia, adding that the region is increasingly looking to Angola for gas supplies. Speaking at a public consultation on the Natural Gas Master Plan, Barroso revealed that Zambia has proposed constructing an Angola-Zambia

Loading

Read More Here

International Gas News Renewable Energy

Egypt Revises 2040 Renewable Energy Target to 40%, Prioritizes Natural Gas

CAIRO, October 2024: Egypt has lowered its renewable energy target for 2040 from 58% to 40%, as announced by Petroleum Minister Karim Badawi. He emphasized that natural gas will remain a key part of Egypt’s energy strategy for the foreseeable future. Before hosting the COP27 climate summit in 2022, Egypt committed to increasing renewable energy to 42% of its energy mix by 2035, later advancing the goal to 2030. In June 2024, former Electricity Minister

Loading

Read More Here

International Corporate News Gas Oil

Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges

Eni SpA has garnered substantial interest for its upcoming floating liquefied natural gas (LNG) project in Mozambique, even as international lenders face increasing pressure to reduce investments in fossil fuels. Luca Vignati, Eni’s director of upstream operations, revealed in a recent interview that the new project is expected to cost around the same as the $7 billion Coral South plant, which was inaugurated in 2022. Vignati indicated that investment decisions for the new LNG plant

Loading

Read More Here

1 2 3 4 5 … 64