Equador’s interests in the Egyptian oil and gas sector resulted in the crafting of a memorandum of understanding between Egypt’s Ministry of Petroleum and Mineral Resources and Ecuador’s Ministry of Energy and Mines. A fruitful meeting between Tarek El Molla, Minister of Petroleum and Mineral Resources, and Denys Toscano Amores, Ecuadorian Ambassador to Cairo, saw a positive exchange between the two countries. Oil companies from Equador are especially keen on investing in Egypt’s oil and
With an estimated 57 trillion cubic feet (tcf) of recoverable gas resources, Tanzania is set to take center stage in the East African energy sector at Invest in African Energy (IAE) 2024, as it seeks partnerships across exploration, development, and processing activities. Tanzania’s ambition to become a major LNG exporter is evident through its flagship Tanzania LNG project, which aims to process gas from fields operated by Equinor, Shell, and ExxonMobil, producing 10 million metric
French energy giant TotalEnergies and Algeria’s state-owned Sonatrach have inked a deal to collaborate on the appraisal and development of gas resources in Algeria’s Timimoun region. The agreement aims to leverage existing processing facilities from the Timimoun field, marking a strategic partnership between the two entities. Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies, expressed enthusiasm about expanding their partnership with Sonatrach through this Memorandum of Understanding. The
Libyan Prime Minister Abdulhamid Dbeibeh has appointed Dr. Khalifa Abdulsadek to oversee the country’s Ministry of Oil and Gas. The appointment follows the suspension of Libya’s former Minister of Oil and Gas Mohammed Aoun on March 25. Having served as the CEO of local service provider Murzuq Oil Services and having held a position on the board of director for exploration at the state-owned National Oil Corporation (NOC), Dr. Abdulsadek brings over 20 years of
Bloomberg reports that traders familiar with the matter have disclosed that the Egyptian Natural Gas Holding Company (EGAS) has purchased at least one shipment of liquefied natural gas (LNG) for delivery in May and is actively seeking several more. In an unusual move, Egypt has initiated the purchase of LNG in an effort to avert potential shortages this summer. The traders highlighted that the new LNG shipment is scheduled to route through an already established
In May, Nigeria is poised to witness a significant shift in its petroleum dynamics as the country’s new mega-refinery, constructed outside Lagos by Africa’s wealthiest individual, Aliko Dangote, prepares to commence domestic gasoline deliveries. This development marks a pivotal moment for the nation, aimed at reducing its reliance on costly petroleum imports. According to Devakumar Edwin, Executive Director of Dangote Industries, the facility has already dispatched its inaugural petroleum products—diesel and aviation fuel—on Tuesday. However,
Angola and Brazil are poised to strengthen their collaboration within the oil and gas sectors, driven by their robust growth trajectories. While existing partnerships have laid a solid foundation, exploring untapped opportunities could significantly bolster bilateral relations and spur mutual development. Angola’s premier event for the oil and gas industry, Angola Oil & Gas (AOG) 2024, will delve into how bilateral cooperation acts as a catalyst for progress. The event serves as a platform for
Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition’s candidate in a March election by a landslide, reflecting high hopes for change in the country of around 18-million. The audit is one of the first policy moves announced since the 44-year-old former tax inspector’s inauguration on Tuesday. “The
The African Energy Chamber highlights Mozambique’s emerging significance in global gas supply amidst dwindling production in key African nations like Nigeria, Angola, and Equatorial Guinea. In its “The State of African Energy 2024 Outlook Report,” the Chamber underscores Mozambique’s potential for considerable growth in liquefied natural gas (LNG) production, propelled by projects in the Rovuma basin. The country is poised to escalate its export capacity from 3.4 to approximately 43.5 million tonnes per year by
Mauritania is poised to become Africa’s third-largest gas exporter with the imminent production from the Grande Tortue Ahmeyim (GTA) gas field. Major industry players such as bp, Total Energies, and Shell are actively exploring Mauritania’s basin, while the government is prioritizing the full exploitation of the country’s gas potential until 2030. As part of this strategy, Mauritania has launched the Energy Service Zone project in Nouakchott under its Gas Master Plan initiated in 2022. A
