Top 5 Lessons Gas-Rich Countries Can Learn from Algeria

Algeria’s is a major Liquefied Natural Gas (LNG) exporter and the lessons that gas-rich countries can learn from Algeria’s approach using the five key lessons are: In summary, Algeria’s success in the gas sector is attributed to a combination of factors including infrastructure development, long-term planning, strategic decision-making, focus on domestic value addition, and investment in local capacity. These lessons can be valuable for other gas-rich countries, particularly in Africa, looking to leverage their resources

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Saipem Secures Contract for Libya’s Borui Gas Utilisation Project

Italian multinational oilfield services company Saipem has been selected by Mellitah Oil & Gas to provide services for the development of the Borui Gas Utilization Project in Libya. Saipem will provide engineering, procurement, construction, installation and commissioning services for an approximately 5,000-ton gas recovery module which will replace an existing platform, as part of the contract. The contract is worth approximately $1 billion and will also include Saipem installing 28km of pipelines to connect the

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Sonangol Issues Debt in the Domestic Market

Sonangol is set to launch a bond issuance tomorrow August 15th, through which it will contract debt in the amount of 75 billion kwanzas with a maturity of five years (2023-2028), according to a statement released by the company on Friday. In the document, the oil company announces a Public Subscription Offering of bonds valued at 75 billion kwanzas, at a unit price of 10,000 kwanzas, corresponding to 10 million units at an interest rate

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Aliko Dangote loses nearly 6 billion USD following the devaluation of the Naira

Figured at 21.2 billion dollars at the beginning of the year 2023, the fortune of the Nigerian billionaire and the richest man in Africa, Aliko Dangote, recorded a fall of almost 6 billion dollars, from 21 $15 billion following the devaluation of Nigeria’s national currency, the Naira. According to data from the Bloomberg agency based on the Billionaires Index method, this drop, the highest recorded since 2014, is tributary to the wake of the elimination

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Cabship CEO to Lead Oil & Gas Logistics Dialogue at AOG

Energy, Capital & Power (ECP) an Africa-focused energy investment platform and organizers of the Angola Oil & Gas (AOG) conference and exhibition is pleased to announce that João Filipe, Founder and CEO of Angolan logistics and supply chain management company, Cabship, will participate in this year’s edition of Angola’s premier event for the oil and gas sector. Taking place under the theme ‘Angola Oil & Gas Energy Security, Decarbonization, and Sustainable Development,’ AOG 2023 will

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The Greater Tortue Ahmeyim (GTA) Gas Project has been delayed to 2024.

The Greater Tortue Ahmeyim (GTA) natural gas project, located between Senegal and Mauritania, has been delayed until the first quarter of 2024, according to British global oil and gas major bp. The announcement of Phase 2 of the project was made in February this year, with an expected production of up to 3 million metric tons per annum (mmtpa). Kosmos Energy and bp signed a co-development agreement for the two reserves in 2016, with bp

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Gas to Remain a Significant Energy Source until 2030

The Federal Government has said gas will continue to form a major part of the country’s energy mix until 2030. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, stated this at the Society for Petroleum Engineers Nigeria Council 2023 conference held in Lagos recently. Komolafe said although the FG was still committed to achieving the United Nations’ 2060 zero emission goals, Nigeria would continue to explore its abundant gas resources

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Oman’s PDO Completes Drilling 1,500 Wells at Nimr in Historic Milestone”

Petroleum Development Oman (PDO) marked a significant milestone as it celebrated the completion of its 1,500th well at the Nimr cluster, a groundbreaking achievement in the Sultanate of Oman, according to local media reports. The landmark well, known as NM-1500, is part of the expansive Nimr cluster situated in the southern region of PDO’s concession area. Covering a vast expanse of 1,875 square kilometers, Nimr is the company’s largest cluster and encompasses an extensive well

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Saudi Arabia and Kuwait Reiterate Exclusive Ownership of Controversial Durra Gas Field

Saudi Arabia and Kuwait reaffirmed on Wednesday that the ownership of natural resources in the divided submerged area in the Arabian Gulf, including the entire Al-Durra gas field, is jointly owned by both countries. The Ministry of Foreign Affairs of Saudi Arabia made an official announcement stating that Saudi Arabia and Kuwait hold exclusive and full sovereign rights to exploit the wealth in that area. In addition to asserting their joint ownership, the two nations

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Nigerians Express Mixed Reactions to Dangote’s Decision to Employ 11,000 Indians

Reports of Dangote refinery employing 11,000 Indians are currently trending on social media with many Nigerians expressing their frustration about the matter. According to a recent report by the Punch Newspaper, a Nigerian news agency, Dangote Refinery is said to have employed 11,000 Indians. Considering the rate of unemployment in the West African country, some Nigerians are outraged that Dangote has instead chosen to hire Indians. However, according to the report by Punch, this decision has been

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