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Gas International News

Predator Oil & Gas Unleashes Potential in Morocco: Pursuing Gas Ventures

12, October, 202312, October, 2023

Predator Oil & Gas Accelerates Moroccan Gas Exploration, Seeks Downstream Partnerships While Anticipating Favorable Test Results to Boost Stock Value. Early summer brought a surge of anticipation in the energy sector as Predator Oil & Gas embarked on exploratory endeavors in Morocco. Last week, the company unveiled a significant development in its North Africa operations. Predator has initiated discussions with a downstream energy-focused group to potentially sell its share of the gas produced at the

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Economy Energy International News

Algeria: TotalEnergies and Sonatrach Joint Venture Greenlights Pipeline Expansion Project

12, October, 202312, October, 2023

The TFT Group, a joint venture comprising the Algerian National Oil Company Sonatrach and the global oil and gas major TotalEnergies, has signed a contract with Entreprise Nationale de Grands Travaux Pétroliers (ENGTP) to expand the TFTII oil and gas pipeline. ENGTP will conduct engineering studies, procure equipment, and materials for the project, as well as construct the pipeline, flowlines, and surface facilities as part of the 8 billion dinars contract. The extension of the

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Economy Energy International News

Petrofac Unveils Promising Career Prospects in the Ever-Changing Energy Landscape

12, October, 202312, October, 2023

In a time of significant change and transformation in the global energy sector, Petrofac is gearing up to play a pivotal role in meeting the evolving energy needs of the world. The company is actively seeking dynamic team players to join its ranks and contribute to its mission of shaping the future of energy supply and security. The world is currently reevaluating its energy supply sources and energy security requirements. As it plans for a

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Economy International News

US Crude Oil Prices Decline as Stockpile Surges, Alleviating Supply Worries

12, October, 202312, October, 2023

Oil prices fell for a third day on Thursday, dragged down by a larger-than-expected crude and gasoline stock build in the U.S. and easing supply concerns. Brent futures fell 43 cents, or 0.50%, to $85.39 a barrel at 0623 GMT, while U.S. West Texas Intermediate crude retreated 53 cents, or 0.63%, to $82.96 a barrel. Both benchmarks have given back most early-week gains after falling more than 2% in the previous session. U.S. crude oil

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Economy Local News Oil

Angola Contemplates Delaying Fuel Subsidy Reduction Amidst Public Demonstrations

12, October, 202312, October, 2023

Angola may slow the removal of fuel subsidies to avoid a repeat of protests in June over a near-doubling in petrol prices in which at least five people were killed, the southern African country’s finance minister said on Monday. No decision has been made yet in ongoing internal discussions on whether to extend the end-2025 deadline for phasing out the subsidies, Vera Daves de Sousa told Reuters in an interview on the sidelines of the

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Diamonds International

De Beers suspends Online tenders as Diamond sales fall to $200m

12, October, 202312, October, 2023

DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it had reduced its rough diamond availability amid a 61% year-on-year decline in rough diamond sales for the eighth cycle which came in at $200m (2022: $508m). Sales in the seventh cycle totalled $370m. Commenting on its decision to suspend online sales, De Beers CEO Al Cook said

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Diamonds Local Mining Technology & Innovation

Endiama Employs Homegrown Technological Tool to Enhance Mining Activity Surveillance

12, October, 202312, October, 2023

Endiama, the national diamond company, will use TECH-Minas, an unprecedented tool created in Angola, to monitor mining activity and the “alarming” problem of mining, announced the president of the company’s board of directors. Jose Ganga Júnior stated that TECH-Minas facilitates the monitoring and surveillance of mining activities, performance levels, as well as security issues in the areas. “The mining industry, which presents alarming environmental problems and ecological disasters, can be observed from our office almost

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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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