TotalEnergies aims to complete four multi-billion-dollar oil, gas, and renewables projects in Iraq by 2029. Phase 1 of these gas projects is expected to boost Iraq’s gas production by nearly 300 million cubic feet per day. During Phase 2, this quantity is set to double. The projects fall under a $27-billion agreement signed with TotalEnergies on July 10th 2023, with Iraq contributing $1.4 billion towards their realization. TotalEnergies is committed to completing these projects by
Following a rise in output last month, Nigeria’s crude oil revenues increased to nearly N1.68tn in June 2023, according to a study of the latest oil production numbers given by the Federal Government. According to data acquired last week from the Nigeria Upstream Petroleum Regulatory Commission’s June 2023 crude oil production report, the country’s daily oil output in the review month increased to 1,248,960 barrels. Nigeria produced 1,183,691 barrels of crude oil per day in
Nigeria expects to invest over $18 billion in oil and gas projects would between now and next year, Chief Upstream Investment Officer of the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti said. Speaking during a panel session at the NOG Energy week being held in Nigeria’s capital Abuja, Wunti noted that the drive to broaden local content and develop capacity in the upstream industry is non-negotiable. Wunti noted that the FDIs are expected mainly because of the
Spanish construction company TSK, which provides sustainable solutions and services to the industrial and energy sectors, has partnered with LFR Energy – a subsidiary of Senegalese holding company LFR which invests in energy, hotel, and real estate projects – for the construction of the Sandiara Power Plant, a gas-to-power facility located in Senegal’s Special Economic Zone (SEZ). Construction is slated to begin in 2024, speaking in an exclusive interview with Energy Capital & Power (ECP),
Angola and the Democratic Republic of Congo (DRC) have signed a significant cooperation agreement for the exploration, production, and development of hydrocarbons in the Common Interest Zone located on their maritime border. The historic deal was signed on July 13th in Kinshasa by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Didier Ntubanga. This agreement marks the culmination of almost two decades of negotiations between the two countries
Shell announced on Wednesday that it has successfully completed drilling a fourth exploration well, Lesedi-1X, in Namibia, confirming the presence of hydrocarbons. In recent years, Shell and France’s TotalEnergies have made multiple oil and gas discoveries off the coast of Namibia, leading to a significant increase in exploration activity in the region. According to Shell’s statement, data obtained from the successful fourth drilling has confirmed the presence of hydrocarbons. However, further evaluation is required to
The UAE has set ambitious targets to become a major producer of hydrogen as part of its revised energy strategy. An official from the country’s energy ministry announced that the UAE aims to produce 1.4 million tonnes of hydrogen annually by 2031, with expectations to increase that figure to 15 million tonnes by 2050. As one of the world’s leading oil exporters, the UAE is now shifting its focus to hydrogen production to align with
Energy Capital and Power (ECP), the leading investment platform for the African energy sector, is proud to announce its strategic partnership with CV&A Consultores em Comunicação (CV&A) for the highly anticipated Angola Oil and Gas (AOG) conference and exhibition – taking place in Luanda this year from September 13-14. Under the theme, ‘Angola Oil & Gas: Energy Security, Decarbonization and Sustainable Development’, AOG 2023, organized by ECP, brings together global industry leaders, government representatives, investors and key
The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe Algeria’s state oil company Sonatrach said Sunday it had signed contracts to boost gas production under an existing agreement worth about $740 million with French giant TotalEnergies. The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe, the company said in a statement.
The Luanda Refinery carried out a successful test of the use of hydrogen (a fuel that does not generate greenhouse gases) in the production of energy for production, in what Sonangol, which controls the petrochemical unit, considers to be the scope a milestone in the decarbonization process. Luanda refinery uses hydrogen energy in production this is defined as a process of reducing carbon emissions into the atmosphere, especially carbon dioxide, decarbonization is adopted to achieve
