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International News Oil

Morocco: New LNG Terminal slated for Port of Nador

Morocco has unveiled plans to construct a new LNG terminal at the port of Nador, which is currently under development, as part of the Nigeria-Morocco pipeline project. The announcement came through a gas infrastructure roadmap agreement signed by several Moroccan Ministries, including Finance and Energy, in March. The roadmap, set to unfold over several years, prioritizes the development of LNG import facilities, including storage and transport infrastructure. Immediate objectives include the construction of gas pipelines

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Local News Oil Petroleum

Angola Aims to Sustain Oil Production at 1.1 Million Barrels per Day

José Barosso, Angola’s Secretary of State for Oil and Gas, has revealed that the country is presently producing 1.1 million barrels per day (bpd) of oil and intends to uphold these levels over the next three years. Angola’s output has rebounded to pre-2023 levels when the country exited the Organization of Petroleum Exporting Countries. Barosso emphasized, “…our goal is to at least maintain this production level until 2027-2030.” He elaborated that Angola is vigorously encouraging

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Local News Oil

Blue Water Secures Logistics Contract for Agogo FPSO Project in Angola

Service provider Blue Water has clinched a logistics contract with FPSO leasing company Yinson Production to oversee the transportation of topside modules for the Agogo FPSO, situated in Angola’s West Hub offshore oilfield in Block 15/06. As per the agreement, Blue Water will handle the transportation of 15 modules, with the heaviest weighing 3211 tons, for the FPSO. This includes domestic movement within China and international shipping from Indonesia and Vietnam to China. The first

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International News Oil Petroleum

TotalEnergies starts new flow tests on mighty Venus discovery in Namibia

TotalEnergies is running simultaneous flow tests in a pair of wells on its huge Venus oil discovery offshore Namibia, according to head of exploration Kevin McLachlan. The supermajor currently has two rigs involved in appraising Venus — the drillship Tungsten Explorer, which it partly owns, and the semi-submersible drilling rig Deepsea Mira — in the prolific Orange basin. MacLachlan told delegates at the BEOS event — organised by GESGB and AAPG — on Tuesday that

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International News Oil Petroleum

Mozambique Approves Offshore Oil and Gas Exploration Contracts

The Mozambique government has given the green light for concession contracts for oil and gas exploration in vital blocks A6-E, A6-G, A6-D, S6-A, and S6-B. CNOOC Ltd. and Mozambique’s ENH have clinched offshore deals. As per Mozambique’s national regulatory body, the Instituto Nacional de Petróleo (INP), exploration activities will encompass acquiring over 26,000 km2 of 3D seismic data, drilling a minimum of four deepwater research wells, and conducting geoscientific studies in the Save and Angoche

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International News Oil Petroleum

South Sudan Seeks Investors for New Oil Refinery

South Sudan’s national oil company Nilepet is calling on investors to secure funding for the construction of an oil refinery in the country’s Block 5A. According to Director General of Finance, Services and Administration at Nilepet Dr. Matiok Santino Akuei, the project has amassed a total investment of $29 million, with the refinery’s estimated initial costs currently standing at $3 billion. As such, the seventh edition of the nation’s official energy event South Sudan Oil

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International Gas News

Mauritania’s Energy Service Zone Project to Propel Gas Sector and Economic Growth

Mauritania is poised to become Africa’s third-largest gas exporter with the imminent production from the Grande Tortue Ahmeyim (GTA) gas field. Major industry players such as bp, Total Energies, and Shell are actively exploring Mauritania’s basin, while the government is prioritizing the full exploitation of the country’s gas potential until 2030. As part of this strategy, Mauritania has launched the Energy Service Zone project in Nouakchott under its Gas Master Plan initiated in 2022. A

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International News Oil Petroleum

UNOC Begins Petroleum Product Sales to Uganda, Tanzania

Uganda National Oil Company (UNOC) has begun distributing limited quantities of petroleum products to its subsidiaries in Tanzania and Uganda. Uganda’s fuel distribution network is currently dependent on Kenya, importing roughly $2 billion worth of petroleum per year, for which Kenya Pipeline Company handles at least 90% of the cargoes. As a result, UNOC has signed a five-year supply deal to import fuel directly from energy trader Vitol Bahrain for distribution to consumers. Last November,

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Local News Oil

Sonangol Kulumbimbi Ship Recognized for Environmental Innovation

The Sonangol Kulumbimbi ship has been honored in the 2023 edition of “Significant Ships,” an annual publication by the British Royal Institution of Naval Architects. This recognition celebrates vessels over 100 meters long and highlights the ship’s exceptional navigability and environmental conservation efforts. Sonangol, in collaboration with Hyundai Samho Heavy Industries (HSHI), has constructed the Sonangol Kulumbimbi with a strong focus on innovation and environmental responsibility. Measuring 274 meters in length, 48 meters in width,

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Local News Oil Petroleum

Angola Urged to Invest in New Oil Projects to Prevent Shortages

Heitor Carvalho, Director of the Economic Research Center at the Lusíada University of Angola (CINVESTEC), emphasized the urgent need for new oil investments to prevent a potential shortage of crude oil by 2033. Speaking during the presentation of the Economic Report for the Third Quarter of 2023 in Huambo, Carvalho warned that Angola faces the risk of oil depletion within the next nine years if proactive measures are not taken to develop new reserves. Carvalho

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