You are Here

Category: Gas

Energy Gas International News

TotalEnergies Publishes Security Report and Action Plan for Mozambique LNG

Global oil and gas major TotalEnergies and its partners in the Mozambique LNG project have published an action plan on how they will progress with the development of the natural gas initiative in the southern African country. The plan, proposed by human rights expert Jean-Christophe Rufin, aims to address the relationship between Mozambique LNG and the Cabo Delgado unrest. It involves implementing a socioeconomic development program, focusing on enhancing the local economy, infrastructure, and environmental sustainability in the region.

Loading

Read More Here

Economy Energy Gas Oil

Perenco Inaugurates New Production and Training Platform Offshore DRC

Independent Anglo-French oil and gas company Perenco has inaugurated a new  offshore platfrom, named Magisus in Muanda in the Democratic Republic of Congo (DRC). The offshore facility, which was launched by H.E Didier Budimbu, Minister of Hydrocarbons, DRC and Wivine Moleka, Deputy Minister of Hydrocarbons, DRC will be leveraged by Perenco to increase oil production by enabling the independent to connect new wells drilled in 2023 and 2024.  The facility’s gas compression capabilities will help Perenco to avoid

Loading

Read More Here

Energy Gas International

Egypt and Scatec Sign $450 Million MoU for Green Methanol Plant

The Alexandria National Refining and Petrochemicals Company (ANRPC), an Egyptian chemicals firm, has signed a Memorandum of Understanding (MoU) with Norwegian renewables company Scatec to collaborate on a $450 million green methanol production project. This project is being undertaken in partnership with the Egyptian Bioethanol Company and was announced by Egypt’s Ministry of Petroleum and Mineral Resources. The green methanol plant will be situated in the port of Damietta and is expected to have an

Loading

Read More Here

Economy Gas International

Gas exploration can help the Mozambican economy grow

The Mozambican economy could grow around 8 percent in 2024, strongly influenced by the exploitation of liquefied natural gas, according to projections by the International Monetary Fund (IMF). The organization indicates that the economic prospects are based mainly on growth of 4.5 percent and 5 percent recorded in 2022 and 2023, respectively, higher than the regional average of 3.5 percent in the last two years. The information was provided in Maputo by the IMF representative

Loading

Read More Here

Economy Gas International News

Japan to Increase Investment in Mozambican Gas

Japanese Prime Minister, Fumio Kashida, and Mozambican President, Filipe Nyusi, have agreed to support investment towards natural gas projects in the Southeastern African nation as the country aims to develop its giant offshore projects.   Having met President Nyusi on 4 May during the final leg of his tour of four African countries, Prime Minister Kishida agreed to help Mozambique resume the TotalEnergies-led Mozambique liquefied natural gas (LNG) project while incentivizing Japanese investors to participate in natural gas development.

Loading

Read More Here

Economy Energy Gas International News Oil Petroleum Renewable Energy

Addressing Delays in the Name of Progress: The State of Play of African Oil and Gas

Historically, oil and gas projects have been known to experience delays ranging from 5% to 20% of the project duration due to project complexity, significant capital requirements, and the multi-faceted nature of developments. In 2023, oil and gas projects across Africa are experiencing even further delays, a trend detailed in the African Energy Chamber’s (AEC) recent market-focused report, The State of African Energy Q1, 2023 Outlook. The report paints a revealing picture of the challenges

Loading

Read More Here

Economy Energy Gas International News Oil

Guinea’s Energy Minister to Speak at MSGBC Oil, Gas & Power Conference

H.E. Aly Seydouba Soumah, the Minister of Energy, Hydroelectricity, and Hydrocarbons of Guinea Conakry, will deliver a speech at the MSGBC Oil, Gas & Power 2023 conference and exhibition in Mauritania. His presentation will focus on highlighting the opportunities available in the sector. The MSGBC Oil, Gas & Power 2023 Conference, set to take place in Mauritania on November 21-22, will feature the inaugural keynote address by Aly Seydouba Soumah, the Minister of Energy, Hydroelectricity,

Loading

Read More Here

Economy Energy Gas Oil Petroleum

Angola intends to increase the value of the non-oil sector to be four times greater than the oil sector.

Angola aims to boost its non-oil sector to become four times larger than the oil sector by 2050, as announced by the Minister of State for Economic Coordination in Luanda on Friday. Manuel Nunes Júnior unveiled the “Angola Long-Term Strategy – 2050” public consultation project, inviting the public to contribute and provide input until June 15. The minister emphasized the importance of encouraging and supporting the private sector to assume a more significant role in

Loading

Read More Here

Economy Energy Gas Local Oil Petroleum Renewable Energy

Ministry Encourages Adoption of Plans to Prevent Oil Spills.

The Ministry of Mineral Resources, Petroleum, and Gas encourages oil companies operating in the country to develop strategic measures to address oil spills. To achieve this goal, it is recommended that the regulations outlined in the National Contingency Plan for Oil Spills be adhered to in order to prevent harm to the environment. During a press statement at the conclusion of the ExxonMobil-sponsored Regional Exercise on Level Three Oil Spill Response, which was attended by

Loading

Read More Here

Economy Energy Gas Oil

Angolan Oil & Gas Infrastructure Sparks Investor Frenzy

Angola has become an attractive investment destination, particularly in the oil and gas infrastructure sector, enticing global and regional players to expand their presence or enter the market. The country has seen foreign capital flow into its market for some time, but recent months have witnessed heightened investment flows driven by advancements in the oil and gas infrastructure sector. Angola’s attractiveness as an investment destination is expected to further increase due to its attractive fiscal

Loading

Read More Here

1 … 64 65 66 67 68 … 85