Technip Energies Consolidates Namibia’s Diverse Energy Mix with Multi-Project Developments

Following a series of successful project developments in Mozambique and Senegal, the French-based engineering and technology company is reaffirming its commitment to Africa’s energy future with a myriad of developments in Namibia French-based engineering and technology company Technip Energies has emerged as the partner of choice for African oil and gas producers, with the company deploying its state-of-the-art technology and developing a series of large-scale projects across the African continent. To date, the company has

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Technip Energies Advances Mozambique’s Gas Agenda with Pioneering Floating Liquefied Natural Gas (FLNG) Solutions

As a pioneer in the development of FLNG solutions, Technip Energies is not only consolidating its position as a global LNG service company but is positioning Mozambique as a competitive gas economy With over 100 trillion cubic feet (tcf) of proven natural gas reserves, Mozambique has quickly emerged as one of the most attractive gas plays worldwide, with three large-scale project developments placing the country on a positive trajectory towards long-term economic growth. While offshore

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African Oil & Gas Remains an Excellent Opportunity for Investments

The African Energy Chamber is countering yet another argument in the onslaught of calls for Africa to give up oil and gas production. This time, it’s the idea that oil and gas projects in our continent are worse for the climate than those in other regions of the world. The argument was a major point in a June 2022 article by global management consulting firm McKinsey. In “The future of African oil and gas: Positioning

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Tanzania Kickstarts Contract Preparations for $30B LNG Project

Global energy majors Shell and Equinor have officially started the contract preparations for the development, operation, and maintenance of a $30 billion liquefied natural gas (LNG) terminal in Tanzania. The preparations follows the finalization of project negotiations with the Tanzanian government. According to H.E. January Makamba, Minister of Energy of Tanzania, “Negotiations on the construction of the LNG project were complete, and now experts are at work drafting contracts. Of these contracts, one is about

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Senegal’s 130 MW Malicounda Power Project Now Fully Operational

The 130 MW Malicounda-based Wärtsilä Flexicycle power plant, which was officially inaugurated by President Macky Sall on 11 February, is now fully operational. Matelec operates the plant and a 10-year maintenance agreement with Wärtsilä will guarantee its high availability and reliability. Located 85 km south of Senegal’s capital Dakar, the plant is anticipated to deliver 956 GWh of power per year, which represents a 17% increase in the country’s power generation capacity. Matelec, the plant’s Engineering, Procurement

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Nigeria’s Oil Production begins to Pick up

Nigeria’s oil production continued its monthly rise that began in September last year, according to the most recent Federal Government data, reaching a high of 1,306,304 barrels per day in February 2023, increasing the country’s oil earnings by N51.16 billion. According to an analysis of the government’s oil production report, excluding condensates, the nation’s oil output increased from 1,258,150 barrels per day in January 2023 to 1,306,304 barrels per day in February. This meant that

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Botswana to End 54-Year Partnership with UK Firm if Cheated

The president of Botswana has threatened to pull out of its partnership with Diamond company De Beers if the company refuses to renegotiate a larger share for the Southern African country. Botswana will not back down from its demand for a larger share of the diamonds produced by its joint venture with De Beers, President of Botswana, Mokgweetsi Masisi said on Thursday, 9th Mar upping the stakes in negotiations to renew a sales agreement that

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Nigeria still ran at a loss Despite the a 46.41% increase in Crude Oil sales

Nigeria’s overall exports reach N26.79 trillion in 2022 thanks to a 46.41% increase in crude oil sales. The entire amount of commerce increased by 31.79%, from N39.75 trillion in 2021 to N52.39 trillion in 2022. Sales of crude oil reached N21.09 trillion in 2022, a 46.41% rise from N14.41 trillion in 2021. Crude oil constituted 78.74% of all exports in 2022. The National Bureau of Statistics reports that overall exports for 2022 increased by 41.72%,

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DRC EARNS NEARLY $70M IN A YEAR AFTER REVIEWING DEBT OWED BY OIL TANKERS

THE ADOPTION OF A MORE RIGOROUS APPROACH IN THE CALCULATION AND FOLLOW-UP OF THE DEBT OWED TO OIL TANKERS HAS MADE IT POSSIBLE TO REDUCE THE COST BY +/- 70 MILLION USD FOR THE BENEFIT OF THE PUBLIC TREASURY OF THE DEMOCRATIC REPUBLIC OF CONGO IN ONE YEAR. These details were provided by the Acting Minister of the National Economy, Nicolas Kazadi, during the weekly meeting of the Council of Ministers held on Friday March

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Nigerians File Damages Claim Against Shell in UK Court

At least 14,000 Nigerian residents from the oil-producing Niger Delta region have filed a compensation claim against Shell, saying that oil spills resulting from the oil giant’s operations have destroyed farms, contaminated drinking water, and harmed aquatic life. The case follows a ruling by the UK’s Supreme Court in 2021 that denied the Nigerians’ application to sue Shell in the UK – but ruled that there was a “good arguable case” that the company’s parent could owe the communities a duty of

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