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Category: Gas

Local Gas News Oil

Sonangol Extends Deadline for Porto Amboim Estaleiros Navais Concession Tender

Sonangol, the Angolan state-owned oil company, has announced an extension of the deadline for the submission of proposals for the Public Tender for the Concession of the Exploration of the Porto Amboim Estaleiros Navais (Paenal) Facilities. Initially set for March 30th, the new deadline is now May 31st. The tender, introduced in mid-December, is part of Sonangol’s restructuring strategy aimed at broadening the company’s activities. This expansion plan includes the repair, maintenance, and manufacturing of

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International Gas News

WAPCo Restores Gas Delivery After Tema Facility Shutdown

The West African Gas Pipeline Company Limited (WAPCo) has successfully resumed gas delivery at Tema’s Regulating and Metering Station following a temporary shutdown due to a system glitch. According to a press statement released on Saturday, March 23, the Tema facility experienced a complete shutdown around 10:30 p.m. on Friday, resulting in electricity disruptions in areas such as Tema, Lapaz, Weija, Mallam, Kasoa Barrier, and others. After working diligently throughout the night, engineers managed to

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International Gas News

Egypt’s EGAS Expands Presence with Saudi Subsidiary

Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has taken a significant step in expanding its international footprint by establishing a subsidiary in Saudi Arabia. Named Modern Gas Saudi Arabia, the newly formed company, with an initial capital of $530,000, marks EGAS’s entry into the Saudi market, with an 80% ownership stake. This strategic move, announced by Egypt’s Ministry of Petroleum on March 17, is part of EGAS’s broader strategy to attract foreign investment and

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International Gas News Oil

Mozambique Takes Stride Towards Transparency with Sovereign Fund Law Regulation

Mozambique has passed a decree to regulate the Sovereign Fund Law, marking a pivotal step in establishing a robust legal framework for managing revenues from the country’s oil and natural gas exploration. The newly approved regulation signifies a significant leap forward in promoting transparency, accountability, and good governance in Mozambique’s natural resources sector. Enacted under Law 1/2024 of 9th January, the Mozambique Sovereign Fund aims to ensure the responsible management of non-renewable resource proceeds, fostering

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International Gas Oil

Oil and Gas Companies Eye Frontier Exploration, SLB CEO Reveals

During a conference in Houston, Texas, SLB CEO Olivier Le Peuch unveiled a surge in exploration activities in frontier areas, notably in countries like Namibia, Surinam, and Guyana, hinting at a wave of upcoming projects. Le Peuch highlighted a resurgence in exploration efforts over the past few years, pointing to countries such as Namibia as paving the way for the next phase of exploration. Despite yet to commence oil and gas production, Namibia anticipates its

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International Gas News

Reatile Group Engages Sasol in Talks to Address South Africa’s Gas Supply Concerns

Investment holding firm Reatile is currently engaged in preliminary discussions with South African energy giant Sasol to explore solutions for potential gas supply shortages in the country. Sasol had previously announced in 2023 the looming possibility of supply shortages by June 2026, given its status as the primary large-scale natural gas provider in South Africa. Simphiwe Mehlomakulu, Chairman of Reatile Group, expressed optimism regarding the collaboration, stating, “Reatile Group remains optimistic about achieving a secure

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Local Gas News Oil Petroleum

Chinese Shipbuilder HRDD Paves the Way for FPSO Agogo, Elevating Angola’s Oil Sector

Chinese shipbuilding firm HRDD achieved a significant milestone on Wednesday in Shanghai, China, as they completed the lifting and installation of the inaugural module for the structural framework of the Floating Production, Offloading, and Storage Unit (FPSO) Agogo. This operation, deemed crucial by Angolan Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, holds promise for stabilizing oil production in Angola. Minister Diamantino Azevedo, present at the event by invitation from HRDD, voiced his optimism

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Gas International News Oil

Mozambique Records $1.7B in LNG Sales in 2023

Mozambique’s natural gas sales reached $1.7 billion in revenue in 2023 – according to statistical reports from the Bank of Mozambique – marking an increase of 218% compared to the previous year. The increase was driven by the operational start-up of the Coral Sul floating LNG (FLNG) plant in the Area 4 Block in the offshore Rovuma Basin, which delivered first LNG cargo in November 2022. The Area 4 Block is operated by Mozambique Rovuma

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International Gas News Oil

Angola to Launch 2025 Oil and Gas Licensing Round

Angola is gearing up to launch its next oil and gas licensing round in 2025, inviting US-based exploration and production companies to seize upcoming block opportunities. As part of a six-year licensing initiative initiated in 2019, the country recently concluded a 12-block tender in January 2024 and is currently finalizing negotiations for production sharing. During a networking event hosted by Angola Oil & Gas (AOG) 2024 in Houston on March 19, Secretary of State for

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Oil Gas International News

Zanzibar Prepares for Inaugural Oil and Gas Licensing Round

Zanzibar is set to inaugurate its first-ever licensing round on Wednesday, inviting international oil and gas companies to participate in exploration and production activities. The announcement, made by the Ministry of Blue Economy and Fisheries of Zanzibar, comes after the demarcation of eight offshore blocks in the region. Seeking to diversify its economy, Zanzibar aims to attract foreign investment into its hydrocarbon sector. To facilitate this, the semi-autonomous region has implemented a revamped Model Production

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