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Gas International News

Chevron Shifts Gas Exports: Redirecting Supply from Israel to Egypt

11, October, 202311, October, 2023

Chevron has temporarily suspended natural gas exports via the East Mediterranean Gas (EMG) pipeline, which links Israel and Egypt. The company is redirecting its gas supply through Jordan a response to the increasing hostility between Israel and Hamas in the Gaza Strip. The EMG pipeline, spanning 90 Km, serves as a crucial conduit, linking the Chevron operated Leviathan offshore gas field in Israel to Egypt. Israel’s energy ministry confirmed Chevron’s request to utilize the Arab

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Economy Energy Gas International News Oil

Africa Oil Corp Expands its Investment in Kenya’s Carbon Offset Market

11, October, 202311, October, 2023

The Canadian oil and gas exploration company Africa Oil Corp has announced plans to implement two carbon offset projects in Kenya to accelerate its decarbonization efforts and diversify revenue streams in the energy transition era. The company will focus on nature-based carbon offset projects it can directly control and monitor for quality and progress, aligning with its commitment to environmental sustainability. “Markets for new products and services may present opportunities for the company to expand

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International News Oil

Namibia’s Offshore Oil Reserves Set to Fuel First Production by 2030

11, October, 202311, October, 2023

Namibia expects the first oil from major offshore finds by 2030 and is considering a floating production storage and offloading (FPSO) platform to help it export the crude oil, its petroleum commissioner said on Wednesday. Namibia, which has yet to produce any oil and gas, has attracted strong interest from international energy companies after Shell and TotalEnergies made discoveries off the coast of the Southern African country. Petroleum commissioner Maggy Shino told Reuters at an

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Economy Energy International News

Unlocking Africa’s Hydrogen Potential: A Catalyst for Sustainable Development

11, October, 202311, October, 2023

By 2035, Africa has the potential to produce 50 million tons of competitively priced green hydrogen, with expected global demand for green hydrogen reaching 607 million tons by 2050. In comparison, Africa’s demand for green hydrogen and its derivatives is expected to be between 10 million and 18 million tons a year by 2050, with a production potential exceeding that. Prasad emphasizes that Africa can export between 20 million and 40 million tons of green

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International News Oil

Nigerian Oil Regulator Expresses Confidence in Exxon Asset Sale to Seplat

11, October, 202311, October, 2023

The head of Nigeria’s oil regulator said he is “very optimistic” that the oil major Exxon Mobil’s asset sale to Seplat Energy can move forward. The regulator last year refused to approve the $1.28-billion sale, which some in the industry say is key to getting much-needed investment into Nigeria’s oil and gas sector. “We are very optimistic that parties to the transaction will go back, look at the position of the regulator, and come back

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International Mining News

Zambia Set to Announce New Investor for Mopani Copper Mines in October

11, October, 202311, October, 2023

The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, according to a source with knowledge of the matter, as reported by Reuters. Zambia’s Mines Minister, Paul Kabuswe, had initially stated that a new investor for the struggling copper mines would be selected by the end of July. However, the process has been

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Energy International News

Inaugural Africa Energy Expo set to take place in Kigali, Rwanda: Launching a new era of energy in Africa

11, October, 202311, October, 2023

Africa Energy Expo is primed to foster essential relationships and catalyze strategic investments within the energy sector Informa Markets a leading global exhibition and conference organizer, today announced the launch of the first-ever Africa Energy Expo, set to take place in the vibrant city of Kigali, Rwanda, from 20 to 22 February 2024. This flagship event is designed to facilitate critical discussions, foster collaboration, and drive progress in achieving the UN’s Sustainable Development Goal 7

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Economy Gas International News

European Gas Prices Soar as Israel’s Tamar Field Faces Unexpected Shutdown

10, October, 202310, October, 2023

Europe faces soaring gas prices as Israel suspends production at the Tamar field due to the Gaza conflict, while a leak in the Baltic pipeline fuels security concerns. Gas prices in Europe have witnessed a significant surge following Israel’s decision to suspend production at its Tamar gas field in the wake of ongoing deadly attacks from Gaza. The conflict, which has claimed over 1,100 lives since the weekend, has prompted Israel’s energy ministry to explore

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Economy Energy International News

South Africa’s Master Plan to Develop Its Gas Market Nears Completion

10, October, 202310, October, 2023

South Africa’s master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa’s most developed economy for years. The master plan will go to the cabinet before public release, a senior official at the department of mineral resources and energy (DMRE) said on Tuesday 10th October, 2023. “It is done, it is going through the internal

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Energy International News

African Energy Week (AEW) 2024: Harnessing Africa’s Energy Potential, Cape Town Gears Up for Investment from November 4-8

10, October, 202310, October, 2023

At a time when the African energy industry is facing a variety of challenges, the African Energy Week (AEW) conference serves as a platform for engagement, collaboration, and investment. Since the event’s inception, AEW has facilitated deals, fostered dialogue, and laid the foundation for long-term and sustainable developments to kick off. As such, the African Energy Chamber (AEC) organizers of the AEW conference proudly announces the launch of AEW 2024: Invest in African Energy. Maintaining

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