Chevron has temporarily suspended natural gas exports via the East Mediterranean Gas (EMG) pipeline, which links Israel and Egypt. The company is redirecting its gas supply through Jordan a response to the increasing hostility between Israel and Hamas in the Gaza Strip. The EMG pipeline, spanning 90 Km, serves as a crucial conduit, linking the Chevron operated Leviathan offshore gas field in Israel to Egypt. Israel’s energy ministry confirmed Chevron’s request to utilize the Arab
The Canadian oil and gas exploration company Africa Oil Corp has announced plans to implement two carbon offset projects in Kenya to accelerate its decarbonization efforts and diversify revenue streams in the energy transition era. The company will focus on nature-based carbon offset projects it can directly control and monitor for quality and progress, aligning with its commitment to environmental sustainability. “Markets for new products and services may present opportunities for the company to expand
Europe faces soaring gas prices as Israel suspends production at the Tamar field due to the Gaza conflict, while a leak in the Baltic pipeline fuels security concerns. Gas prices in Europe have witnessed a significant surge following Israel’s decision to suspend production at its Tamar gas field in the wake of ongoing deadly attacks from Gaza. The conflict, which has claimed over 1,100 lives since the weekend, has prompted Israel’s energy ministry to explore
Joseph Anis, President and CEO of GE Vernova’s Gas Power business for Europe, the Middle East, and Africa, sheds light on the emerging economic and environmental prospects associated with flare gas and related technologies in the MENA region. Globally, substantial volumes of natural gas are annually flared or released into the atmosphere at oil production sites, contributing to significant carbon dioxide (CO2) and methane emissions equivalent to the output of 83 million cars, as estimated
Home to an established energy market that provides for a wide range of oil and gas, renewable energy and power distribution investment opportunities, Algeria is well-positioned to serve as a major energy supplier to regional and global markets. The north African country holds up to 159 trillion cubic feet (tcf) of natural gas resources and 12.2 billion barrels of oil reserves, producing approximately 970,000 barrels of oil and 9.9 billion cubic feet of gas per
Global oil and gas services provider Sapura Energy has been awarded a $300 million contract by Azule Energy – a 50:50 joint venture between oil and gas supermajors Eni and bp – for the provision of offshore transportation and installation services for Angola’s offshore Northern Gas Complex project. Under the contract, Sapura Energy will provide engineering services, transportation and installation, and other services for the Quiluma and Maboqueiro platforms, with work for the project expected for completion
To alleviate the consequences of removing the petrol subsidy, the federal government has announced its intention to temporarily exempt diesel from value-added tax (VAT) for the next six months. Femi Gbajabiamila, the Chief of Staff to President Tinubu, revealed this development as part of the waivers from the resolution reached between the Federal Government and leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the end of a four-hour meeting held
Oil and gas supermajor TotalEnergies has finalized the sale of a 40% stake in Block 20 – situated in the Kwazna Basin, offshore Angola – to global energy group, Petonas, for $400 million. Following the transaction, TotalEnergies will retain operatorship of the block and a 40% interest in the concession. Petronas will own a 40% stake while Angolan National Oil Company, Sonangol, will hold its 20% stake in the block. TotalEnergies is pleased to welcome
The global energy company (ENI) announced in Luanda that it will make a $1 billion investment for the development of non-associated gas in Angola, its managing director, Guido Brusco, has said. Non-associated gas is free of oil and water in the reservoir, and its concentration is predominantly in the rock layer. According to the director of the Italian energy company, who was speaking at the 4th edition of the Angola International Conference and Exhibition “Oil
Angola’s premier event for the oil and gas sector, the Angola Oil & Gas (AOG) Conference and Exhibition, took place in Luanda from September 13-14. Hosted in partnership with Angola’s Ministry of Mineral Resources, Oil and Gas, the African Energy Chamber, Sonangol, and the IRDP, the event was a resounding success, achieving several milestones. VIP Speakers Spearhead Discussions AOG 2023 featured keynote addresses and presentations from a distinguished lineup of government officials, global energy major
