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African investment platform for the energy sector Energy Capital & Power has listed six key capital expenditure LNG project developments to watch in West Africa. The theme for this year’s MSGBC Oil, Gas & Power Conference & Exhibition is ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.’ This is a response to growing investor interest in... Continue Reading →
(Reuters) Offshore oil and gas producer Talos Energy on Tuesday said it was interested in scooping up new production, particularly as major oil companies shed assets in a bid to decarbonize. "We're a natural consolidator, particularly when you think about the Gulf of Mexico," Chief Executive Officer Tim Duncan said on Tuesday during an analyst... Continue Reading →
Danish offshore vessel owner Maersk Supply Service said Wednesday it had won a long-term contract with ExxonMobil in Angola. The contract is for the provision of project management, engineering, and marine services in support of the development of offshore drilling and production operations offshore Angola in the Block 15. Maersk Supply Service subsea support vessel... Continue Reading →
FPSO leasing firm BW Offshore has secured a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until the end of Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D'Ivoire) SARL. Financial terms of the... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) has launched the sale of its 10% stake in Nigerian joint venture SPDC, with Canada's Scotiabank leading the sale as financial adviser, a sale document tendering for interest showed. TotalEnergies announced the sale in late April. Scotiabank declined to comment. TotalEnergies declined to comment on the financial adviser. TotalEnergies confirmed it was selling... Continue Reading →
(WO) African nations should resist pressure from “powerful interests” to hastily abandon fossil fuels to avoid hurting their economies, Angola’s President Joao Lourenco said. Since the COP26 climate summit in Glasgow in November, pressure has been building on African countries to shift to cleaner energy sources to avoid catastrophic global warming. “More than 125 billion oil barrels... Continue Reading →
Namibia on Thursday launched a sovereign wealth fund, months after oil discoveries by TotalEnergies and Shell off its coast. President Hage Geingob said at the launch the Welwitschia Fund would get an initial injection of 262 million Namibian dollars ($16.15 million) and invest 2.5% of its portfolio locally to bridge the country's infrastructure financing gap.... Continue Reading →
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy. In early March, the European Union announced it aims to reduce its dependence on... Continue Reading →
(Reuters) - Angola's crude oil production is forecast at an average of 1.14 million barrels per day (bpd) this year, down from 2021 production of 1.2 million bpd, but the country aims to fulfil its commitments to OPEC+, the oil minister said on Wednesday. "OPEC is still for us a very important forum and we... Continue Reading →
GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRUfor KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal. The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P), has converted the LNG carrier into an 84 mmscfd Modular Floating Storage and Regasification... Continue Reading →
Brazil Energy Insight 