Africa
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.
Eni and partners to decide on Mozambique LNG investment by mid 2024
Italy's Eni SpA hopes to reach a final investment decision on its second floating LNG project in Mozambique by the end of June next year.
Niger bans exports of liquefied petroleum gas
Niger has banned all exports of LPG until further notice, the government said in a statement.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
