Angolan leader urges Africa to avoid hasty end to fossil fuels

(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 →

Korean shipbuilders witness LNG carrier order surge

(Offshore Energy) South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers. On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct four new LNG carriers. Specifically, its units Hyundai Heavy Industries and Hyundai Samho Heavy Industries will... Continue Reading →

Senegal: GAS Entec Builds ‘World’s First’ Modular LNG Floating Storage Regasification Unit for KARMOL

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 →

PetroReconcavo releases 1Q22 results

PetroReconcavo, an independent onshore oil and gas producer, with 22 years of experience in the sector, announces its financial and operating results for 1Q22. The Company recorded net revenue of R$703 million in 1Q22, which represents an increase of 147% compared to 4Q21, and 186.2% compared to 1Q21 when revenue was R$ 246 million. The... Continue Reading →

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