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(Reuters) - French independent power producer HDF Energy (HDF.PA) expects its green hydrogen power plant in Namibia, Africa's first, to start producing electricity by 2024, a senior company executive said on Monday. Once operational, the 3.1 billion Namibian dollar ($181.25 million) Swakopmund project will supply clean electricity power, 24 hours a day all-year round, boosting electricity supply... Continue Reading →
Dutch maritime equipment and technology firm Royal IHC has handed over the converted J-lay vessel Amazon to McDermott International. Royal IHC said: "For this project, Royal IHC has converted Amazon into the modern and state-of-the-art J-lay vessel it is today. The patented system, with dynamic top tension capacity of 1.500 tonnes, can handle a variety... Continue Reading →
FPSO operator BW Offshore has received a short-term contract extension for a floating, production storage and offloading (FPSO) vessel operating for the Houston-based Vaalco offshore Gabon. The FPSO will be replaced with an FSO unit as part of the Etame Marin field reconfiguration project. BW Offshore revealed on Sunday that it has entered into a... Continue Reading →
(Bloomberg) — Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels, according to Bloomberg’s survey of monthly OPEC output. The last time that... Continue Reading →
With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
(Reuters) TotalEnergies has lodged its production license application for Block 11B/12B offshore South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery. TotalEnergies discovered two large gas fields, Brulpadda and Luiperd, in offshore block 11B/12B about 175... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI) plans to invest around 4.5 billion euros ($4.47 billion) in upstream activities each year from now to 2025 focusing on several countries, its deputy chief operating officer for natural resources said on Tuesday. "We are fully committed to invest 4.5 billion per annum in the upstream to bring on line... Continue Reading →
(Reuters) Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation's mines and energy minister said on Friday. Both companies announced earlier this year that they had made "significant" discoveries offshore Namibia, and are currently making assessments. The companies did not detail the... Continue Reading →
Scana-owned PSW Technology has secured a contract with offshore drilling contractor Odfjell Drilling for the delivery of marine risers to operations in West Africa. The deal includes the leasing of a complete riser package for a minimum of 18 months. The risers will be employed in Odfjell Drilling's forthcoming West African activities. PSW's work starts... Continue Reading →
(OE) The second phase of Senegal's Greater Tortue Ahmeyim (GTA) gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday. BP and U.S.-listed Kosmos Energy KOS.N are leading the development of GTA and Yakaar-Teranga, Senegal's first natural gas projects. The first phase... Continue Reading →
Brazil Energy Insight 