You are Here

Category: Gas

International Gas Oil

Shell to Write Down $400 Million After Offshore Namibia Oil Discovery Deemed Unviable

Shell has announced it will write down approximately $400 million following its decision to deem an offshore oil discovery in Namibia commercially unviable. This setback deals a blow to the southern African nation’s ambitions to become a crude oil producer. The company informed Reuters that the oil and gas resources discovered in offshore block PEL39 “cannot currently be confirmed for commercial development.” Shell and its partners, QatarEnergy and Namibia’s national oil company, initially discovered hydrocarbons

Total 22 , Today 1

Read More Here

International Gas News Oil

Biden Bans New Offshore Oil and Gas Development, Defying Trump’s Future Plans

US President Joe Biden has announced a ban on new offshore oil and gas development along most US coastlines, a decision that could be difficult for President-elect Donald Trump, who has promised to boost domestic energy production, to reverse. The White House confirmed on Monday that Biden would use his authority under the 70-year-old Outer Continental Shelf Lands Act to protect federal waters off the East and West coasts, the eastern Gulf of Mexico, and

Total 16

Read More Here

International Exploration Gas Oil

Azule Energy’s Farm-In Deal Boosts Namibia’s Role in Africa’s Energy Landscape

Azule Energy’s successful farm-in agreement for Block 2914A in Namibia’s Orange Basin marks a pivotal moment in Africa’s offshore oil and gas exploration. The deal underscores the enormous hydrocarbon potential of the Orange Basin and Namibia’s emergence as a key player in the global energy sector. This agreement highlights the growing trust in Africa’s abundant offshore energy resources. Azule Energy now holds a 42.5% interest in Block 2914A, a significant step toward unlocking the basin’s

Total 18

Read More Here

International Exploration Gas Oil

Global Petroleum Pursues Farm-In Agreement for Namibian Offshore Exploration

Australian-based Global Petroleum, an AIM-listed upstream oil and gas exploration company, is in early commercial discussions to secure a farm-in agreement with an undisclosed potential operating partner for its Petroleum Exploration License (PEL) 94 in Block 2011A, located in Namibia’s Walvis Basin. With increased offshore exploration activity in Namibia, particularly in the Walvis Basin—where Chevron recently acquired an 80% operated interest in PEL 82—Global Petroleum has reported heightened interest in the PEL 94 data. The

Total 19

Read More Here

Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers session after being open for public consultation since October last year. The proposal, developed by the Ministry of Mineral Resources, Petroleum, and Gas, has received government approval to proceed with the next steps. The PDG outlines the government’s strategy to promote the development of a gas value chain. Its implementation is expected to attract approximately $30 billion in investments to

Total 52

Read More Here

Corporate News Gas International

BP and Kosmos Energy Launch Gas Production from Greater Tortue Ahmeyim Project

BP Plc and Kosmos Energy Ltd. have commenced gas production from offshore fields in Senegal and Mauritania as part of the Greater Tortue Ahmeyim (GTA) project. The $4.8 billion initiative aims to produce approximately 2.3 million tons of liquefied natural gas (LNG) annually during its first phase. The project involves wells drilled in deep waters, reaching depths of up to 2,850 meters, with gas directed to a floating storage vessel for processing. On December 31,

Total 25

Read More Here

International Gas News

Mozambique to Boost Cooking Gas Supply and Expand Electricity Access

Mozambican President Filipe Nyusi has announced plans to increase the country’s cooking gas supply capacity by 60,000 tons in the coming quarter. This initiative is part of broader efforts to address 60% of Mozambique’s domestic energy consumption needs. President Nyusi revealed that a new gas production facility is under construction in Inhassoro, located in Inhambane province. The factory is expected to become operational next year, aiming to reduce dependence on imports and alleviate the demand

Total 14

Read More Here

International Gas News

Congo Advances Refining and Gas Sector with Strategic Investments

The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates Congo’s sole refinery in Pointe-Noire. Processing one million tons of crude oil annually, CORAF produces finished products like butane gas, gasoline, kerosene, light diesel, and heavy fuel oil, meeting approximately 70% of the country’s refined petroleum needs. The refinery sources most of its crude oil from the Djeno terminal, located south of Pointe-Noire. This terminal, handling 95%

Total 23

Read More Here

Corporate News Gas Local News

Chevron’s CABGOC Achieves First Gas from Sanha Lean Gas Connection in Angola

The Cabinda Gulf Oil Company (CABGOC), a subsidiary of Chevron, has successfully achieved first gas from its Sanha Lean Gas Connection project in Angola. Valued at $300 million, the project involves the development of a platform that connects to the Sanha condensate complex and features pipelines linking Blocks 0 and 14 to the Angola Liquefied Natural Gas (ALNG) facility and the Soyo power plant. The first phase of the project will deliver approximately 80 million

Total 78

Read More Here

International Gas News Oil

Namibia’s Mines Minister Calls for Strategic Planning to Maximize Oil and Gas Benefits

Namibia’s recent oil and gas discoveries in the Orange Basin present a tremendous opportunity for economic transformation, but Minister of Mines and Energy Tom Alweendo warns that deliberate preparation and strategic planning are essential for turning potential into reality. Speaking at the launch of the Industrial Baseline Survey (IBS) Outcomes for Namibia’s upstream oil and gas (O&G) industry, Alweendo emphasized that economic benefits won’t materialize automatically. “Just because there’s a discovery doesn’t mean we’ll instantly

Total 26

Read More Here

1 2 3 4 5 6 … 68
en English pt Portuguese