Africa
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
Aiteo Suspends 50,000 bpd Oil Production in Nigeria Following Leak
Nigerian energy firm Aiteo has shut down all oil production at its Nembe Creek facility, nearly 50,000 barrels per day of output, after detecting a leak, the company said on Wednesday.
TotalEnergies, NNPC to Invest $550 Million in Nigeria Gas Facility
The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorized to speak on the issue.
Uganda Optimistic About Timely Finish of Revised $5 Billion, 897-Mile EACOP Pipeline
Uganda has attributed the spike in the cost of construction for the 897-mile (1,443-km) East African Crude Oil Pipeline (EACOP) to the government’s resolve to make the new project more climate responsive.
Niger Suspends Oil Exports to China Amid Dispute with Benin
At the Agadem oilfield in eastern Niger, the minister oversaw the padlocking of a section of the 1,243-mile pipeline through which exports to China were meant to flow under a deal with state-owned oil giant CNPC.
Sound Energy Sells Moroccan Gas Assets to Managem for $45.2 Million
Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.
Attack on Niger-Benin Oil Pipeline Kills Six Soldiers, Security Sources Report
Unidentified assailants in Niger attacked soldiers guarding a major Niger-Benin oil pipeline on Wednesday, killing six soldiers, three security sources told Reuters on Thursday.
Nigeria's NNPC Signs Floating LNG Deal with Golar LNG
Nigeria's state firm NNPC has signed an agreement with Golar LNG to deploy a floating LNG vessel off the coast of its oil-rich Niger Delta, NNPC said on Tuesday.
Benin-Niger Dispute Intensifies with Arrests at Crude Pipeline Terminal
A prosecutor in Benin said authorities had detained five Niger nationals last week for allegedly entering Benin's Seme-Kpodji pipeline terminal under false pretenses, deepening a dispute over exports of crude oil from Niger via Benin.
Afreximbank Provides $925 Million for Nigerian Oil Sector Expansion
Africa's Afreximbank has just greenlit a massive $925 million loan to Nigeria's NNPC, backing the oil giant's expansion plans.
Ugandan Activist Detained Over Opposition to TotalEnergies Oil Pipeline, Pressure Group Reports
A Ugandan activist campaigning to stop the development of a $5 billion crude oil pipeline in east Africa by France's TotalEnergies and others has been detained by Uganda's military, the group he works for said on Wednesday.
Morocco to Tender for Floating LNG Terminal at Nador West Med Port, Official Says
Morocco plans to launch a tender this summer to build a floating LNG terminal in the northeastern Nador West Med port, the energy ministry's head of oil and gas said on Friday.
Sudan Oil Pipeline Repair Near Completion, Says South Sudan Official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
TotalEnergies-Led Joint Venture to Study Large Green Hydrogen Pipeline Project In Tunisia
The project will have access to the European market through the “SoutH2 Corridor”, a hydrogen pipeline project connecting North Africa to Italy, Austria, and Germany, which is expected to be commissioned around 2030.
Sudan Repairs Ruptured Oil Pipeline With Goals to Resume June 2024
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
New Oil And Gas Discoveries In East Africa Spur New Pipeline Opportunities
The discovery of oil and gas in East Africa has driven the need for new transportation infrastructure, opening opportunities for pipeline coatings suppliers. Significant oil and gas discoveries in Kenya, Tanzania, Mozambique, and Uganda have turned East Africa into a key exploration area, attracting major oil and gas companies.
ADNOC Buys 10% Stake in Mozambique LNG Project
ADNOC has acquired Galp’s 10% interest in the Area 4 concession of Mozambique’s Rovuma basin. This move is part of ADNOC’s strategy to expand its international presence and its lower-carbon LNG portfolio.
Saipem Wins $850 Million Offshore Contract for Ndungu Field Project in Angola
Under the contract, Saipem will undertake the engineering, fabrication, transportation, and installation of approximately 37 miles of rigid pipelines and subsea facilities at a depth of around 1,100 meters.
Libya Commences Operation of North Hamada Oilfield Pipeline
Libya has begun operating the new pipeline from its North Hamada oilfield with initial transfer capacity expected at 2,000 barrels per day, the National Oil Corporation said on Sunday.
Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025
A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.
Shell Probes Smoke Report Near Gbaran Oil Facility in Nigeria
Residents in the nearby community reported a fire near Shell's Gbaran Ubie oil and gas facility in Nigeria, stating that blasts were heard in the area where pipeline repair works had been ongoing.
Savannah Energy Loses Legal Bid to Freeze Oil Pipeline Company's Accounts, Chad Government Says
The Paris Court of Arbitration has rejected a bid by Savannah Energy Plc to freeze COTCO oil pipeline company's accounts after Chad nationalized its upstream assets in the country, Chad's transitional government said on Monday.
Shell Nigeria Inks $100 Million Gas Pipeline Deal with Oyo State
Shell's Nigerian unit has signed an agreement with Oyo state in the south of the country to construct a pipeline delivery system to serve industries in the state at a cost of $100 million, the Oyo government said on Friday.
Exxon Pushing Forward with Mozambique LNG Project, Official Says
Exxon Mobil is "optimistic and pushing forward" with its delayed Rovuma LNG project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.
NAMCOR Partners with Chevron for Offshore Block Development in Namibia
Namibia's national oil company has signed a development deal with Chevron that will see the U.S. oil major take an 80% operating working interest in an offshore block in the Walvis Basin, NAMCOR said on Monday.
Portugal's Galp Estimates 10 Billion Barrels of Oil in Field Offshore Namibia
Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10 billion barrels of oil.
South Africa’s Transnet Pipelines Lays Out Investment Plan
(P&GJ) – Southern Africa’s largest multi-product pipeline operator, Transnet Pipelines, plans to spend R891 million in 2024 in building its fuel handling capacity, including construction of a delayed import fuel terminal at the port of Durban and new line to supply the country’s biggest airport, OR Tambo.
South Africa's PetroSA Targets Mozambique Gas in New Sales Deal, Plans Imports via 540-Mile ROMPCO Pipeline
South Africa's PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage.
Niger Signs $400 Million Crude Oil Deal with Chinese Firm CNPC
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp. worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.
Chevron Begins Pipeline Transport of Leviathan Natural Gas to Ashdod Refinery
NewMed Energy LP, a partner in the Leviathan natural gas field offshore Israel alongside Chevron Mediterranean and other stakeholders, announced the commencement of condensate transportation from the field to the Ashdod oil refinery located in western Israel.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- Sempra's Costa Azul LNG Project Delayed by Labor Issues
