Chevron and Israel Ink $610M Nitzana Pipeline Deal to Expand Gas Exports Amid Regional Tensions Chevron and its partners in Israel’s Leviathan offshore gas field have signed a $610 million agreement with Israel Natural Gas Lines to build the Nitzana pipeline, a strategic project that will transport Israeli natural gas to Egypt. The 65-kilometer pipeline, expected to be operational by 2028, will carry at least 600 million cubic feet of gas per day. Once completed,
IEA: Faster Decline in Oil and Gas Fields Demands Urgent Investment to Maintain Supply The International Energy Agency (IEA) has warned that the natural decline in production from the world’s oil and gas fields is accelerating, driven by growing reliance on shale and deep offshore resources. The trend means companies must significantly increase investment just to keep global output steady. According to the IEA’s latest analysis, without ongoing investment in existing fields, the world would
Afreximbank, MDGIF Sign $500 Million Deal to Modernize Nigeria’s Gas Infrastructure and Boost Industrialisation The African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark Memorandum of Understanding (MoU) to accelerate the development and modernisation of Nigeria’s gas infrastructure. The agreement was formalised on the sidelines of the Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Afreximbank’s Director and Global Head of Project and Asset-Based Finance, and Mr.
Angola’s Block 1/14 Set to Deliver First Gas in 2025 Angola’s national oil and gas concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), has announced that first gas from offshore Block 1/14 is expected in 2025. The announcement was made by Paulino Jerónimo, President of ANPG, during the opening day of the Angola Oil & Gas 2025 Conference and Exhibition in Luanda on September 3. “We anticipate first gas from the block this year
Chevron Strengthens Angola Gas Development with NGC Project, Deepwater Blocks, and Local Content Initiatives Frank Cassulo, Managing Director of Chevron’s Southern Africa Strategic Business Unit, provided an overview of the company’s Angolan natural gas strategy during an onstage interview at the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Cassulo highlighted Chevron’s commitment to pioneering non-associated gas development while continuing to grow its role in Angola’s energy sector. “Chevron has been a pioneer in
Copia Group Drives Angola Oil & Gas Growth Through Safety, Efficiency, and Environmental ComplianceCivil engineering leader Copia Group of Companies has underscored the critical role of operational efficiency, safety, and environmental compliance in supporting the growth of Angola’s oil and gas sector. Speaking ahead of the Angola Oil & Gas 2025 Conference and Exhibition, Grildo José Francisco, Director of Oil, Gas & Biofuel Projects at Copia Group, highlighted the company’s active contribution to Angola’s onshore
Nigeria’s FIRST E&P Sets 2030 Goal of 250,000 BOE/D and 1 Bcf/D Gas Processing Capacity FIRST Exploration and Petroleum Development Company (FIRST E&P), a leading Nigerian independent oil and gas company, has unveiled ambitious growth targets for 2030. The company is aiming to achieve 250,000 barrels of oil equivalent per day (BOE/D) in equity production and develop a robust midstream business with a gas processing and supply capacity of 1 billion standard cubic feet per
Dangote Refinery Faces Extended Gasoline Unit Shutdown, Impacting Global Fuel Markets Nigeria’s Dangote Refinery, one of the world’s largest single-train refineries with a capacity of 650,000 barrels per day (bpd), may see its gasoline production unit remain offline for two to three months due to ongoing repairs, according to industry monitor IIR Energy. The Residue Fluidised Catalytic Cracking Unit (RFCCU), which processes 204,000 bpd, has been offline since August 29 following catalyst leaks. While the
Angola Block 33/24 Development Agreement Signed by ANPG, Shell, Chevron at AOG 2025 An agreement to advance development activities at Angola’s Block 33/24 was signed during the Angola Oil & Gas Conference and Exhibition (AOG 2025), held from September 3-4 in Luanda. The deal was formalized by Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), alongside national oil company Sonangol and international energy majors Shell and Chevron. Block 33 is located in
Senegal Plans to Stop Natural Gas Imports by 2026, Leveraging Domestic Production for Energy Security Senegal’s Prime Minister Ousmane Sonko has announced that the country will cease importing natural gas in 2026, a strategic move aimed at reducing budget pressures and improving energy efficiency. The government plans to make natural gas a core part of its power mix by converting an existing plant and constructing a new facility. Officials have yet to clarify how this
