Africa
Guyana gas-to-energy project wins initial $500-MM bank loan guarantee approval
Guyana has received preliminary approval from the U.S. Export-Import Bank for a more than $500 MM loan guarantee to support a natural-gas fired power project and gas processing facility.
Algeria's Sonatrach says fire on a line of Alrar gas processing complex
Algeria's state oil and gas firm Sonatrach said that a fire erupted early on Wednesday on line number 1 of the Alrar gas processing complex in the province of Illizi, adding that efforts were underway to control it.
Contentious COP29 deal shows climate cooperation fraying at edges
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse.
Svanehøj partners with Soudotec to enhance safety in Africa’s fast-growing LPG sector
In more and more African countries, governments and organizations are advocating for a switch to liquefied petroleum gas (LPG) to improve public health and safety. Svanehøj and Soudotec have now teamed up to supply safety equipment to the growing African LPG sector.
Nigeria's NNPC signs 10-yr gas sale deal with Dangote Refinery
Nigeria's state oil firm, NNPC Ltd. said on Wednesday one of its subsidiaries has agreed to supply 100 MMft3d of gas to the Dangote oil refinery for the next 10 yr.
Nigeria signs $1.2-B deal with CNCEC to revamp a 135-MMft3d gas plant
Nigeria has signed a $1.2-B contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country's aluminum production.
Exxon targets first LNG from $30-B Mozambique Project by 2030
ExxonMobil is expecting the first liquefied natural gas (LNG) output from its project in Mozambique in 2030.
Angola LNG considers expansion as gas supplies ramp up
Angola Liquefied Natural Gas (ALNG) is considering future expansion options including adding a mini train of 3 metric MMtpy, as new gas supplies to the plant ramp up over the next 12 months.
Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment—primarily for the offshore and onshore oil and gas industries; nuclear and renewable energy generation; defense; desalination; process and industrial markets—has secured a $1-MM order for API 610 OH2 pumps with Plan 53B seal support systems for the Coral North liquefied natural gas (LNG) project in Mozambique.
Egypt cuts 2040 renewable energy target to 40%, keeps focus on natural gas
Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, underscoring that natural gas will remain a key part of the country's energy mix for years.
Egypt set to tender for up to 20 LNG cargoes to cover 1Q 2025 demand
Egypt plans to issue a tender seeking up to 20 cargoes of liquefied natural gas (LNG) to cover demand for the first quarter of 2025.
Nigeria signs deal to supply gas to proposed $3.5-B petrochemical plant
Nigeria took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to a proposed $3.5-B Brass fertilizer and petrochemical plant.
Norway's Equinor remains committed to $40-B Tanzania LNG project
Norway's Equinor remains committed to a $42-B LNG project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year.
Arbitration rules in favor of bp as sole buyer of Kosmos Energy's Senegal LNG project
Kosmos Energy said a Paris-based arbitrator has ruled in favor of bp, prohibiting Kosmos from selling to third parties LNG from the Greater Tortue project offshore Senegal and Mauritania.
ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
ExxonMobil selected Chart Industries' IPSMR® liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula.
Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
Algeria's Sonatrach and Saudi Arabia's Aramco have raised official selling prices (OSPs) for liquefied petroleum gas (LPG) in October by around 3%–4% from September due to limited supply on the global market.
McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design contract for the Rovuma LNG Phase 1 Project in Mozambique, a JV between ExxonMobil Development Africa B.V., Eni S.p.A. and CNODC Dutch Cooperatief U.A.
Dixstone awarded CPI contract for Gabon LNG project
Dixstone has been awarded the construction, procurement and integration for the 700,000-tpy LNG Project in Cap Lopez, Gabon.
Technip Energies, JGC awarded FEED by ExxonMobil for the 18-MMtpy Rovuma LNG project in Mozambique
Technip Energies and JGC Corporation have been awarded the front-end engineering design for the 18-MMtpy Rovuma LNG project in Mozambique. The facility will be comprised of 12 fully modularized LNG trains of 1.5 MMtpy each.
South Africa's Eskom, Sasol agree to explore LNG options
South African petrochemicals company Sasol and state power utility Eskom have agreed to jointly explore ways the country could use liquefied natural gas (LNG).
Egypt fully awards tender for 20 winter LNG cargoes
Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected premiums.
Egypt counts on foreign funds to buy gas as power crisis worsens
Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 MM to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output.
KOTUG awarded marine services contract for Eni's Congo LNG project
KOTUG International B.V. announced that it has been awarded a contract for ENI Congo to deliver critical marine services for the Congo LNG project. This project, situated offshore the Republic of Congo, includes the Tango FLNG and the Excalibur Floating Storage Unit, with a second FLNG currently under construction.
Nigeria's NNPC sending LNG cargoes to Japan and China
State-owned Nigerian oil company NNPC has expanded shipments of liquefied natural gas (LNG) cargoes to a port in China after its first delivery to Japan in June.
Egypt plans to return oil, gas production to normal from 2025, PM says
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners.
Karpowership makes $1-B LNG-to-power investment in South African Power Pool
Karpowership, a major international energy company, has announced its plans to invest a transformative $1 B of LNG-to-power infrastructure that will be based in Mozambique and made available to the entire South African Power Pool (SAPP).
Natural gas arrivals will help Egypt halt summer load-shedding power cuts
Egypt will halt load-shedding power cuts during the summer as of Sunday, after some natural gas shipments arrived, in a bid to end a crisis that has inconvenienced a population of 106 MM.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Global LNG trade increased more than 1.6 Bcf/d in 2023
LNG trade increased 3.1% globally in 2023 to average 52.9 Bcft/d, an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Gasum opens Norway’s largest biogas station in Bærum
