Africa

Nigeria announces reforms to lure oil and gas investment

Nigeria will offer tax credits and streamline contracting processes for new oil and gas projects, the Information Minister said, in a move by Africa's top energy producer to attract much-needed investment.

Global Project Data

3/7/2024

A snapshot of the global gas processing and LNG project landscape.

Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration

Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

bp plans to invest $1.5 B in Egypt gas projects

bp is preparing to invest about $1.5 B to develop gas projects and drilling in Egypt over the next three to four years.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

Guyana's $1.9-B gas-to-power project delayed to 2025

Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using untapped gas to slash electricity costs.

GTA LNG project reaches major milestone with arrival of FLNG vessel

The FLNG vessel that is a core component of the Greater Tortue Ahmeyim LNG project has arrived at its destination on the Mauritania and Senegal maritime border.

Shell expects 50% rise in global LNG demand by 2040

Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.

Algeria's Sonatrach to supply Germany with pipeline gas for first time

Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach.

Shell agrees to develop Nigeria gas field for Dangote fertilizer

Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man, Aliko Dangote.

European and Asian companies affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

Gas exporting group sees tight global LNG markets until 2026

The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.

Gas, LNG prices to remain relatively weak in 2024 amid subdued demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.

Vopak consortium selected to operate new LNG terminal in South Africa

South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a LNG terminal at the Port of Richards Bay for 25 years.

Algeria held oil and gas investment talks with ExxonMobil

Algerian energy minister Mohamed Arkab has discussed oil and gas investments in Algeria with the U.S. oil major ExxonMobil.

TotalEnergies to restart its delayed Mozambique LNG project in early 2024

French energy firm TotalEnergies plans to restart its long-delayed $20-B Mozambique LNG project in the first quarter of next year.

Shell sees $6 B in oil and gas investments in Nigeria

Shell sees a $5-B offshore oil investment opportunity in Nigeria and pledged to spend a further $1 B in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of upstream operations.

Countries in the Middle East and North Africa supply about one-third of global LNG

Exporting countries in the Middle East and North Africa region supplied nearly one-third (29%) of global LNG exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers.

Nigeria and Germany sign $500 mln renewable energy and gas deal

Nigerian and German companies signed two accords in Berlin that include a $500-MM renewable energy pact and a gas export deal.

Environmental groups urge funding halt for TotalEnergies' Mozambique LNG project

Banks and other financiers should withdraw their support of TotalEnergies' $20 B LNG terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders.

Mitigating Corrosion Under Insulation (CUI) with Liquid Coatings

The hidden dangers of corrosion under insulation (CUI) span the oil and gas industry from upstream operations to midstream infrastructure to downstream applications, including the production of liquified natural gas (LNG).

TES and University of Liège to complete first joint research on "e-NG for Closing the Carbon Loop from Morocco to Belgium"

TES and the Smart Grids group of the University of Liège have successfully wrapped up their first joint research aimed to evaluate the practicality and efficiency of creating carbon-neutral synthetic methane, also known as e-NG, in sun-rich areas of Morocco for use in Belgium.

Egypt's natural gas imports drop to zero from 800 Mf3d

Egypt's natural gas imports fell to zero from 800 Mf3d, leading to more power cuts.

Germany's Scholz says his country willing to invest in Nigerian gas, minerals

German Chancellor Olaf Scholz said his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa.

Ghana hit by power outages due to limited gas supply

Several areas of Ghana were hit by power outages due to a drop in electricity generation after the West African country's power transmission company warned of limited gas supply for power generation.

TotalEnergies targets FID on Matola LNG by Sept 2024

French energy company TotalEnergies expects to take a final investment decision on a planned new LNG import terminal at Mozambique's Matola port by September next year.

IEA says "unprecedented" supply surge could lead to LNG glut from 2025

An expected strong rise in LNG production capacity will ease prices and gas supply concerns, but also risks creating a supply glut.

Amid gas scramble, Africa leads a boom in nimble export facilities

Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible.

Marathon Oil signs deal with Glencore for Alba gas in Equatorial Guinea

Marathon Oil said it has entered into a five-year LNG sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market.

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