In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the Middle East. Please note that this list is not a ranking. Aramco has awarded a $1 billion engineering, procurement, construction, and installation (EPCI) contract for its Safaniya offshore increment project to China Offshore Oil Engineering Co (COOEC), as reported by DMS Projects. The project includes the construction of 13 offshore jackets in
The Invest in African Energy Forum in Paris, organized by the African Energy Chamber in partnership with Rystad Energy and Afreximbank, centered on strengthening Africa-Europe relations while advancing investment in untapped energy opportunities across the continent. During the forum, the Republic of the Congo’s Hydrocarbons Minister, H.E. Bruno Jean-Richard Itoua, provided insight into the country’s gas and marginal field opportunities, laying the foundation for discussions during the African Energy Week conference, scheduled for 16-20 October in Cape Town. Representing one
Since early discoveries of oil and gas in Africa, European investors and project developers have been instrumental in driving project developments, providing capital, technology and expertise and working closely with governments to monetize resources. Now, shifts in dynamics are seeing global stakeholders playing a much larger role in Africa, transitioning from energy players to partners as local content becomes a top priority continent-wide. At the Invest in African Energy Forum in Paris this week – representing a
Energy Capital & Power (ECP) is proud to announce the participation of H.E. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), as a speaker at the upcoming MSGBC Oil, Gas and Power 2023 Conference and Exhibition – West Africa’s leading event for the energy industry. Dr. Omar Farouk Ibrahim is a Nigerian scholar and public servant with over two decades of experience in government. He is a recipient of numerous academic and
Namibia’s Minister of Mines and Energy Hon. Tom Alweendo debunked statements that the government is looking at raising the state’s interests in petroleum production developments in the country. Speaking during the Invest in African Energy Forum in Paris this week – taking place ahead of African Energy Week 2023, scheduled for 16-20 October – the Minister clarified that Namibia will maintain its existing stakes in E&P assets, as defined by the contracts established and signed with global
The decision of the Executive to partially reduce subsidies for gasoline is justified by the need to bridge the gap between the rich and the poor, such as the populations in rural, urban, or peri-urban areas that have reduced or no consumption of fuel. BACKGROUND CHARACTERIZATION OF FUEL SUBSIDIES
Supply zones filled one day prior the new price list The last hours of yesterday June 1st were marked by enormous queues of motorists looking to refuel their vehicles before the new gasoline pricing came into effect. A long line of motorists eager to refuel their vehicles for the last time at the price of 160 kwanzas was observed in Ilha de Luanda, considering that starting today, gasoline will cost 300 kwanzas per liter. The
India and China’s purchases of Russian crude oil in May are seen to have breached all-time highs. As buyers including these two big economies gorged on discounted supplies from Russia, it led to a fall in demand for oil from the Middle East and Africa, news agency Reuters reported citing ship tracking data. China, world’s No. 1 crude importer, India (world No. 3) are top buyers of Russian oil. In May In May, these two
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public Tenders. The projects include installation of pipelines at KOC’s facilities in West Kuwait, providing maintenance services at KOC’s export terminals, building pipelines at Jurassic
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
