Rystad Energy Analyzes LNG’s Potential in the Global Energy Transition

Amidst increasing efforts by governments worldwide to secure energy supplies following Russia’s invasion of Ukraine, investments in the oil and gas industry are surging. This wave of investment aims to ensure a reliable, affordable, and sustainable energy future. Rystad Talks Energy’s May edition webinar – entitled, ‘Supplying energy security, who has a Part to Play? – focused on the pivotal role of natural gas and liquefied natural gas (LNG) in global energy security. The webinar

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Namibia and Hyphen Ink Export Deal for $10B Green Hydrogen Project

The Namibian Government will sign a feasibility and implementation agreement (FIA) with green hydrogen development company Hyphen Hydrogen Energy for the country’s $10 billion green hydrogen project, to be located in the Namib Desert’s Tsau//Khaeb National Park. The deal is expected to be signed on Friday, May 26, and marks the next phase of the project’s development. It also outlines the terms of offtake, which involve exporting Namibian green hydrogen to Europe. The FIA provides

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Eni and Sonangol Strengthen Collaboration in Agribusiness and Energy Decarbonization

Italian multinational oil and gas major Eni and Angolan National Oil Company Sonangol have signed a Memorandum of Understanding (MoU) to boost cooperation in the agribusiness sector and energy decarbonization. The MoU was signed in Rome during Hon. João Lourenço’s state visit to Italy this week. Claudio Descalzi, CEO of Eni, and Sebastio Pai Querido Gaspar Martins, Chairman of the Board of Directors of Sonangol, signed the agreement. The MoU aims to enhance cooperation between

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Gabon: Positioning Oil & Gas as a Catalyst for Nationwide Growth

With its economic indicators showing clear signs of recovery, and the current Parti Démocratique Gabonais (PDG) set to retain power after this year’s elections, Gabon’s economic plans are moving ahead at full speed. Under its 2025 Plan for an Emerging Gabon (PSGE), the country is seeking to facilitate the influx of private capital and participation in both the hydrocarbons value chain and diversified industrial base, leveraging private sector growth to fuel diversification into non-oil sectors like gas,

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Tanzania LNG Project’s Cost Increases to $42 Billion

Tanzania has revised the cost of its Liquefied Natural Gas (LNG) project upwards, estimating the total cost of the large-scale project to be $42 billion. Initially projected at $30 billion, Felchesmi Jossen Mramb, Permanent Secretary in Tanzania’s Ministry of Energy explained that, “The recent technical analysis shows that offshore drilling and piping will push the project to $42 billion,” making the development the largest energy project in Southern and Eastern Africa. Developed by energy majors Shell

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Italy is an Essential Partner, Says Angolan President During State Visit

Angolan President João Lourenço reiterated the value that Angola-Italy cooperation will continue to play in advancing the development of the country’s economy. Speaking during a state visit to Italy this week, the President made clear his country’s intention to strengthen bilateral ties, leveraging Italian expertise, technology and capital to generate new investment across high potential markets in the southern African country. According to the President, with mutually beneficial partnerships representing an important strategy for increasing job creation,

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The West’s Oil War Against Russia Begins to Lose Momentum

Russia’s oil revenues rebounded in March and April, reaching the highest level since November of the previous year, according to a new report. This development strengthens President Vladimir Putin’s ability to finance the Kremlin’s activities in Ukraine. An analysis published on Wednesday by the Centre for Research on Energy and Clean Air, an independent Finnish think tank, found that Russia’s revenues from oil exports have recovered from the levels reached in January and February. These

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Top 5 Lithium Projects in Africa Ranked by Estimated Production

Africa’s geologically prospective regions and abundant natural resources make it an attractive destination for investment. The continent is witnessing the launch of large-scale projects aiming to become global lithium hubs and benefit from the energy transition trends, driven by the increasing demand for minerals like lithium in clean energy technologies. Here are some of the significant lithium mining projects in Africa: These projects reflect Africa’s potential to become a significant player in the global lithium

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TAAG Airlines of Angola and the Brazilian company Gol have formalized a new partnership

The partnership is focused on the cargo segment, following an agreement they made in April of this year to promote passenger traffic through codeshare. This information was conveyed in a note sent to JA Online today. With the Special Prorate Agreement (SPA) agreement that has just been signed, TAAG will now incorporate GOL’s destinations in Brazil and Latin America within its distribution and cargo collection network. The document also states that with this partnership, TAAG

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The trade balance records a surplus of 14.9 billion kwanzas.

The trade balance of Angola recorded a surplus of 14.9 billion kwanzas in the economic year of 2022, according to data from the National Institute of Statistics (INE). INE data shows that, comparing the balance evolution between 2021 and 2022, there is a growth of 7.59 percent. The main partners of Angola in exports during the period were China, with 43.70 percent, India (10.24%), France (7.25%), the Netherlands (6.83%), and Spain (4.43%), in relation to

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