Africa
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.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
Global Projects Data
This article provides a summary of active gas processing and LNG projects around the world, including total project numbers, and market share by region and activity level.
Global pipelines construction outlook 2024—Part 2
This article will provide a forecast on pipeline construction in Africa, Asia, Europe, Russia and the Commonwealth of Independent States (CIS), and the Middle East.
TotalEnergies, NNPC to invest $550 MM in Nigeria gas facility
Nigeria's state oil firm NNPC Ltd. and TotalEnergies will invest $550 MM to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies.
Egyptian fertilizer plants shut down temporarily due to gas supply pressures
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
Gas supply pressures temporarily shut down Egyptian fertilizer plants
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
GTA LNG project reaches significant milestone with arrival of FPSO vessel
The FPSO vessel has arrived safely at the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, located offshore Mauritania and Senegal
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Morocco to tender for floating LNG terminal
Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port.
Congo Brazzaville becomes an LNG exporting country
After years of either declining or stable domestic natural gas production, the Republic of the Congo began exporting LNG for the first time when the first phase of a two-phase FLNG project began operating in February 2024.
Tecnimont, Baker Hughes awarded an EPC contract for Hassi R'mel (Algeria) gas gathering system upgrade
MAIRE announced that a consortium composed by its subsidiary Tecnimont Integrated E&C Solutions and Baker Hughes has been awarded by SONATRACH an EPC contract for the implementation of three gas boosting stations and the upgrading of the gathering system, located at the Hassi R’mel gas field, 550 km south of Algiers.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
Shell says fire near Nigeria's Gbaran gas facility has been extinguished
Shell has confirmed a fire that broke out near its Gbaran Ubie gas facility in Nigeria's coastal Bayelsa state on Tuesday has been put out.
Shell investigates smoke near Gbaran oil facility in Nigeria
Shell is investigating reports of smoke early Tuesday near its Gbaran Ubie oil and gas facility in Nigeria's coastal Bayelsa state after residents reported hearing explosions and seeing smoke near the area.
Turkey signs LNG supply deal with ExxonMobil
Turkey's state pipeline company, BOTAS, and ExxonMobil signed an LNG supply agreement, as Turkey aims to diversify its energy sources.
Investments surge on strong demand outlook for LNG bunkering
Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.
Air Products announces successful performance test of AP-DMR LNG process tech for Coral South FLNG
Air Products announced that its dual mixed-refrigerant LNG process technology (AP-DMR™) and equipment has successfully passed performance testing at the Coral South FLNG facility offshore Mozambique.
Naturgy: Gas supply contracts with Algeria unaffected by any shareholding change
Spanish energy firm Naturgy said that its gas supply contracts with Algeria do not include any clauses that would be affected by changes to its shareholding structure.
Nigeria's Tinubu to commission gas infrastructure to boost domestic use
Nigeria's President Bola Tinubu will commission two gas processors and a key pipeline as part of ongoing moves to utilize the country's vast gas reserves and end routine flaring.
ExxonMobil "optimistic and pushing forward" with Mozambique LNG project
ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision (FID) at the end of next year.
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
