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Gas Local News

Azule Energy to Commence Gas Production in July 2026

Azule Energy’s Executive President, Adriano Mongini, has revealed that the newly formed gas consortium, including Azule Energy, BP, and Eni, will begin gas production in July 2026. This announcement was made during the groundbreaking ceremony for the New Gas Consortium (NGC) facilities in Soyo, Zaire province. The gas project’s major stakeholders are Azule Energy with a 37.4% stake, CABGOC (Chevron) with 31%, Sonangol with 19.8%, and TotalEnergies with 11.8%. The consortium’s investment is valued at

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Gas Local News Oil Petroleum

Petronas Acquires 40% Stake in Angola’s Block 20/11 from TotalEnergies

Petronas, the Malaysian energy giant, is set to become a significant player in Angola’s oil and gas sector following its acquisition of a 40% stake in Block 20/11, previously operated by TotalEnergies. The transaction, valued at approximately $400 million, was successfully completed, as confirmed by the National Agency for Petroleum, Gas and Biofuels (ANG). TotalEnergies EP Angola officially sold its 40% share in Block 20/11, located in the Kwanza Basin, to Petronas Angola E&P LTD

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Gas Local News

Angola Explores 52 Billion Cubic Feet of Prospective Natural Gas Reserves

Angola is eyeing a promising potential of 52 billion cubic feet of natural gas, as revealed by Américo Fernandes, head of the national Oil and Gas agency during the Angola Oil & Gas conference. While these figures represent a substantial opportunity, Fernandes also pointed out some challenges facing the sector’s development in Angola. The lack of infrastructure, which hinders market access and increases the cost of investment and capital accessibility, stands as a notable obstacle.

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Gas International News

Predator Oil & Gas Unleashes Potential in Morocco: Pursuing Gas Ventures

Predator Oil & Gas Accelerates Moroccan Gas Exploration, Seeks Downstream Partnerships While Anticipating Favorable Test Results to Boost Stock Value. Early summer brought a surge of anticipation in the energy sector as Predator Oil & Gas embarked on exploratory endeavors in Morocco. Last week, the company unveiled a significant development in its North Africa operations. Predator has initiated discussions with a downstream energy-focused group to potentially sell its share of the gas produced at the

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Gas International News

Chevron Shifts Gas Exports: Redirecting Supply from Israel to Egypt

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

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Economy Energy Gas International News Oil

Africa Oil Corp Expands its Investment in Kenya’s Carbon Offset Market

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

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Economy Gas International News

European Gas Prices Soar as Israel’s Tamar Field Faces Unexpected Shutdown

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

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Economy Energy Gas International News Oil

GE Revolutionizes Energy Generation: Harnessing Flare Gas for Power Generation

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

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Energy Gas International Oil

Defining Algeria’s Role in Global Energy Markets

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

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Gas Local Oil Petroleum

Sapura Energy Awarded $300M Angolan Contract

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

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