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Category: Gas

Energy Gas Oil Petroleum

TotalEnergies Renews Production License for Nigeria’s Deep Offshore Block

Global oil and gas major TotalEnergies has renewed its production license for the OML 130 block offshore Nigeria with an additional 20 years. Commenting on the development, Henri-Max Ndong-Nzue, Senior Vice President Africa, Exploration and Production at TotalEnergies, said the renewal of the license will enable the firm to improve its contribution towards the development of the West African country’s hydrocarbons resources for energy security, economic growth and energy poverty alleviation. “This 20-year extension will enable us

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Energy Gas

Natural gas prices could dip below zero in Europe

Natural gas prices in Europe are likely to plummet further on lackluster demand from power generation and industry.” This downward trend has led traders and industry officials to consider the possibility of day-ahead prices dipping below zero in some European markets during the summer, according to a report by Oilprice. According to the report, several factors have contributed to this situation, including abundant inventories after a mild winter, consistent imports of liquefied natural gas (LNG),

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Gas Oil

Cairn Oil & Gas portfolio surpasses one billion barrels

Cairn Oil & Gas, a subsidiary of Vedanta Resources owned by billionaire Anil Agarwal, has announced that its reserves and resources portfolio in India has surpassed 1 billion barrels of oil equivalent (boe), according to media reports. This milestone makes Cairn Oil & Gas the largest private oil and gas company in India. The company has identified 20 new development projects to bring a significant portion of its resources into production within the country. The

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Energy Gas Renewable Energy

Chariot and Total Eren’s Project Nour: A Gateway for Green Hydrogen in Mauritania

Adonis Pouroulis, CEO of Chariot, unpacked the reasons why Mauritania is an ideal location for green hydrogen production, the benefits of the partnership with Total Eren for the project, Chariot’s plans to contribute to the local community, and the challenges associated with scaling up production. What factors contribute to Mauritania being regarded as a favorable jurisdiction for the production of green hydrogen? Mauritania is one of the best jurisdictions to produce green hydrogen. The country

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Economy Gas Oil

The Impact of Angolan Banks and Insurers on the Growth of Local Exploration and Production (E&P) Companies

As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector. Exploration and production (E&P) of the country’s oil and gas resources have set the stage for a strong economic outlook for Angola, with the country’s GDP projected to grow 5% between 2023 and 2026. As such, domestic financiers and insurers have called for increased synergy between

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Energy Gas Oil

Mauritania’s 80GW Hydrogen Pipeline Attracts Interest from Germany, World Bank, and Other Stakeholders

Mauritania, under the leadership of Minister of Petroleum, Mines, and Energy Abdessalam Mohamed Saleh, has set forth plans for hydrogen projects that could potentially generate an impressive 80 GW of electrolyser capacity. This pipeline is being planned by several renowned companies, including CWP, Chariot, bp, Conjuncta, and Infinity, and while the aspirations for Mauritania to become a green hydrogen hub are significant, two main challenges lie ahead: financing and building the required infrastructure. As such,

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Economy Gas Oil

Market Report: Nigeria Introduces New Oil & Gas Regulations

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has announced the introduction of six new regulations derived from the Petroleum Industry Act 2021 in Nigeria. These regulations aim to promote sustainable growth in the midstream and downstream sectors of the oil and gas industry, providing clarity for industry operators and regulators. The new regulations are designed to facilitate industry expansion, economic development, and prosperity. They cover various aspects, including midstream and downstream operations,

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Economy Gas Oil

Top 5 Licensing Rounds to Watch in West Africa

With as many as 12 licensing rounds expected to close in West Africa in the coming months, interest from international oil companies (IOC) is expected to bring significant investment into the region’s exploration and development sectors. Following the recent discoveries of sizeable oil and gas plays throughout the continent, new licensing rounds are expected to position West Africa as a frontier exploration hub and usher in a new era of industry growth, energy security and

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Economy Energy Gas Oil

Rystad Energy Analyzes LNG’s Potential in the Global Energy Transition

Amidst increasing efforts by governments worldwide to secure energy supplies following Russia’s invasion of Ukraine, investments in the oil and gas industry are surging. This wave of investment aims to ensure a reliable, affordable, and sustainable energy future. Rystad Talks Energy’s May edition webinar – entitled, ‘Supplying energy security, who has a Part to Play? – focused on the pivotal role of natural gas and liquefied natural gas (LNG) in global energy security. The webinar

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Energy Gas International

Namibia and Hyphen Ink Export Deal for $10B Green Hydrogen Project

The Namibian Government will sign a feasibility and implementation agreement (FIA) with green hydrogen development company Hyphen Hydrogen Energy for the country’s $10 billion green hydrogen project, to be located in the Namib Desert’s Tsau//Khaeb National Park. The deal is expected to be signed on Friday, May 26, and marks the next phase of the project’s development. It also outlines the terms of offtake, which involve exporting Namibian green hydrogen to Europe. The FIA provides

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