You are Here

Category: International

International Gas News

Reatile Group Engages Sasol in Talks to Address South Africa’s Gas Supply Concerns

Investment holding firm Reatile is currently engaged in preliminary discussions with South African energy giant Sasol to explore solutions for potential gas supply shortages in the country. Sasol had previously announced in 2023 the looming possibility of supply shortages by June 2026, given its status as the primary large-scale natural gas provider in South Africa. Simphiwe Mehlomakulu, Chairman of Reatile Group, expressed optimism regarding the collaboration, stating, “Reatile Group remains optimistic about achieving a secure

Loading

Read More Here

International Oil

Galp Yields Another Light Oil Discovery Offshore Namibia

Integrated energy company Galp – alongside partners the National Petroleum Corporation of Namibia (NAMCOR) and Custos Energy – has successfully drilled the Mopane-2X well in PEL 83, leading to another light oil discovery in Namibia’s Orange Basin. The discovery comes as part of Galp’s ongoing exploration campaign that began last November and targets the Mopane complex covering Blocks 2813A and 2814B. Last January, the company announced a light oil discovery – Mopane-1X – which indicated preliminary signs

Loading

Read More Here

Gas International News Oil

Mozambique Records $1.7B in LNG Sales in 2023

Mozambique’s natural gas sales reached $1.7 billion in revenue in 2023 – according to statistical reports from the Bank of Mozambique – marking an increase of 218% compared to the previous year. The increase was driven by the operational start-up of the Coral Sul floating LNG (FLNG) plant in the Area 4 Block in the offshore Rovuma Basin, which delivered first LNG cargo in November 2022. The Area 4 Block is operated by Mozambique Rovuma

Loading

Read More Here

International Gas News Oil

Angola to Launch 2025 Oil and Gas Licensing Round

Angola is gearing up to launch its next oil and gas licensing round in 2025, inviting US-based exploration and production companies to seize upcoming block opportunities. As part of a six-year licensing initiative initiated in 2019, the country recently concluded a 12-block tender in January 2024 and is currently finalizing negotiations for production sharing. During a networking event hosted by Angola Oil & Gas (AOG) 2024 in Houston on March 19, Secretary of State for

Loading

Read More Here

Oil Gas International News

Zanzibar Prepares for Inaugural Oil and Gas Licensing Round

Zanzibar is set to inaugurate its first-ever licensing round on Wednesday, inviting international oil and gas companies to participate in exploration and production activities. The announcement, made by the Ministry of Blue Economy and Fisheries of Zanzibar, comes after the demarcation of eight offshore blocks in the region. Seeking to diversify its economy, Zanzibar aims to attract foreign investment into its hydrocarbon sector. To facilitate this, the semi-autonomous region has implemented a revamped Model Production

Loading

Read More Here

Oil Gas International News

SOCAR President Discusses Oil and Gas Cooperation with Republic of Congo Official

Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), held a meeting with Francoise Joly, Presidential Adviser for International Strategy of the Republic of Congo, to explore opportunities for cooperation across the oil and gas sector. During the discussion, Najaf and Joly explored potential collaboration avenues, including oil and oil-based products trading, human capital development, and other mutual interests. The officials also delved into Azerbaijan’s global energy projects, SOCAR’s multinational operations, and potential

Loading

Read More Here

International Gas News Oil

Eni Finalizes $300 Million Asset Sale Deal with Perenco in Republic of Congo

Italian multinational energy company Eni has successfully concluded a $300 million deal for the sale of select upstream assets to oil and gas firm Perenco in the Republic of Congo. The agreement, initially announced in June 2023, aligns with Eni’s strategic objective of optimizing its operations and concentrating on significant upstream projects within the country. In a press release, Eni emphasized its dedication to harnessing the Republic of Congo’s extensive gas resources, particularly through initiatives

Loading

Read More Here

International Gas News

Mozambique Adopts Law for Natural Gas Export Revenue

Mozambique’s council of ministers has approved a decree establishing legislation for a sovereign wealth fund. The fund will be tasked with managing revenues from an estimated $91.7 billion in natural gas exports in the coming decades. Under the new law, 40% of liquefied natural gas revenues will finance the fund during its first 15 years, with the remaining portion allocated to the national budget. Subsequently, a balanced allocation between savings and expenditures will be implemented.“The

Loading

Read More Here

International Oil Petroleum

Fuel Costs Expected to Drop as Port Harcourt Refinery Resumes Operations

Fuel costs in Nigeria are anticipated to decrease once the Port Harcourt Refinery recommences operations, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN). The national petroleum company of Nigeria has pledged that the refinery will be operational within two weeks, prompting preparations by marketers to receive products from the facility. Both IPMAN and MEMAN have urged the Nigerian National Petroleum Company Limited (NNPC) to

Loading

Read More Here

International Local News

Trina Solar, SOLA, and WBHO Collaborate on 135 MW Merak 1 Solar Project

Solar energy provider Trina Solar, in partnership with renewable energy firms SOLA and Wilson Bayly Holmes-Ovcon (WBHO), is set to develop the 135 MW Merak 1 project. The project aims to supply solar power to mining company African Rainbow Minerals’ operations. Trina Solar will provide 205,161 panels of its Vertex modules for the Merak 1 project, while SOLA and WBHO Construction’s joint venture will oversee its execution. Zaheer Khan, Trina Solar’s Regional Director of Southern

Loading

Read More Here

1 … 163 164 165 166 167 … 238