A recent report has revealed that a shipment of Russian oil is on its way to storage tanks in Ghana, despite Ghana’s administration formally denying involvement in any such business. After the European Union’s decision to halt practically all seaborne imports from Russia in December, the development raises the possibility that dealers are searching the market for new consumers of Russian barrels. Moscow became heavily dependent on Chinese and Indian imports as a result of
An appeal regarding the contentious oil projects in Tanzania and Uganda by the energy corporation TotalEnergies was dismissed by a French court on yesterday, 28th February In the two projects, the Tilenga oil development and the East African Crude Oil Pipeline, six French and Ugandan activist organizations accuse the French firm of not doing all possible to safeguard people and the environment (Eacop). Both TotalEnergies and the plaintiff organizations were silent as of press time.
Energy engineering and technology company TechnipFMC announced that it has secured a $250 million contract with oil and gas multinational TotalEnergies for the engineering, procurement and supply of flowlines and connectors for the Girassol Life Extension (Girlfex) project. , located in Angola offshore Block 17. According to a document that JA had access to, the installation of flexible pipes is expected to extend the useful life of the Girassol field, bypassing the outdated rigid pipe
Sonangol has already sold a total of 24 assets, which yielded 130 million dollars, and is in negotiations to privatize another seven year, the chairman of the board of directors of the state-owned oil company said last Friday, 24th February. “This total of alienated assets allows us to say we have contracted, in terms of alienation, the equivalent of a collection of 130 million dollars”, said Gasper Martins, in a press conference. The chairman of
The Institute for Development and Economic Planning (IDEP) held on Saturday 25 February a webinar on “How Africa can go green through a clean energy strategy” in preparation for the 9th Session of the Africa Regional Forum on Sustainable Development scheduled to take place in Niamey (Niger) from 28 February to March 2nd, 2023. Urbanization and population growth are putting intense pressure on Africa’s energy infrastructure. Demand is significantly outstripping supply leading to power cuts
Angola’s state-owned oil company, Sonangol, has revealed its strategic plan for 2023-2030, which includes a focus on the value chain linked to hydrocarbons, an increase in refining capacity to 425,000 barrels of oil per day, and the addition of a petrochemical complex. The company also plans to increase storage capacity and produce renewable energy from photovoltaic projects to reduce carbon dioxide emissions by around 15%. Furthermore, the company aims to increase carbon capture and investment
During the next five years, the Petroleum Authority of Uganda (PAU) expects that Uganda’s land acquisition procedure for oil and gas infrastructure will be a model for best practices in megaprojects both within and outside of Uganda. The PAU director of legal and corporate affairs, Mr. Ali Ssekatawa, stressed via an article the necessity of a well-organized compensation and resettlement scheme for those impacted by any large infrastructure project to succeed. This subject has been
Sonangol recorded, in the 2022 financial year, a turnover of US$12.6 billion, corresponding to an operating result (EBITDA) estimated at US$4.9 billion. The information was released on Friday 24th February, in Luanda by the chairman of the Board of Directors of the Angolan oil company, Sebastião Gaspar Martins, during the conference to present the provisional performance balance sheet. The manager said that the company is present in around 35 concessions as a partner, currently being the
Angola’s oil production for the month of January was 34 million 294 thousand 39 barrels, corresponding to a daily average of 1 million 106 thousand 285 barrels of oil/day against 1 million 197 thousand 939 barrels forecast. According to the monthly production summary of the National Petroleum and Gas Agency (ANPG), production of associated gas during the month of January was 82 million 534 thousand cubic feet, corresponding to a daily average of 2 million 662
Sonangol is involved in refining projects that aim to materialize the Executive’s strategy “so that we can achieve self-sufficiency in fuels by 2027”, said, this Friday 24 feb, in Luanda, the Secretary of State for Oil and Gas. José Barroso, who was speaking at the opening of the press conference alluding to the 47th anniversary of Sonangol, also said that the state-owned oil company is also committed to increasing its capacity for storing liquid and
