Spain and Naturgy prep for higher Algerian gas prices
Spain is preparing to pay more for gas supplies from Algeria, with both sides warning of the raise.
LNG
Africa’s resources match Europe’s demand, but with challenges
Europe’s energy security woes represent an opportunity for African gas supplies, according to Africa Finance Corp. (AFC), although noting the infrastructure challenges along the way.
Saipem wins $150mn Coral Sul maintenance contract
Eni has awarded a maintenance contract on its Coral Sul floating LNG (FLNG) facility off Mozambique to Saipem.
Eni boss talks gas with Egyptian president
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Bowleven warns of complexity, financial strain on path to Etinde
Bowleven has warned that the final investment decision (FID) for Etinde is expected in late 2022 but that it will need to raise financing.
South Africa’s CEF eyes stake in Renergen’s gas project
South Africa’s Central Energy Fund (CEF) is considering buying into Renergen’s Virginia gas project, paying 1 billion rand ($69 million) for a 10% stake.
Eni flags Africa and gas growth to tackle demand crunch
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
Friends of the Earth vows to continue fight against UKEF on Mozambique LNG
A legal challenge by Friends of the Earth (FoE) to Mozambique LNG has split opinions among High Court judges.
Italy minister visits Angola, Congo in LNG security hunt
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
Ivanhoe Mines takes Renergen stake, with eyes for more
Ivanhoe Mines is buying a minor stake in South Africa’s LNG and helium producer Renergen – with an option to scale up its involvement.
Predator talks up energy security while seeking Morocco partners
Predator Oil & Gas has touted its potential impact on European energy security, as it advances LNG plans and moves into hydrogen.
Nigeria strikes deal to export LNG via Equatorial Guinea
Nigeria has signed a memorandum of understanding on processing gas for export at facilities in Equatorial Guinea.
NFE steps into offshore Congo LNG talks with Eni
Eni has signed a heads of agreement (HoA) with New Fortress Energy (NFE) for an LNG facility in Congo Brazzaville.
Kosmos juices spending on production growth plans
Kosmos Energy is scaling up spending to $700 million this year, from $460mn in 2021, on both its base producing business and its LNG project with BP.
IEEFA raises New Fortress Energy worries
The Institute for Energy Economics and Financial Analysis (IEEFA) has raised a warning over New Fortress Energy’s (NFE) plans.
Sasol skips dividend with focus on transformation
Sasol has reported EBIT of 24.3 billion rand ($1.6bn) for the six months ending on December 31, 2021, up 12%.
Sound greenlights micro Morocco plan
Sound Energy is going ahead with its micro LNG (mLNG) scheme in Morocco.
El Molla oversees slew of deals at Egypt show
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has struck deals with Apache and Yemen, while backing plans for an Egyptian company to pursue petrochemical works in Nigeria.
Eiffage completes caissons for BP’s Senegal LNG project
Eiffage Génie Civil Marine has completed the construction of the 21 caissons required for BP’s Greater Tortue Ahmeyim (GTA) project.
Mozambique offers “advantaged barrels” in exploration round
Mozambique’s sixth bid round is under way and potential bidders have until the end of February to pre-qualify.
Updated: Baker Botts, GaffneyCline to lead Tanzania’s LNG talks
Tanzania has chosen the UK office of Baker Botts and GaffneyCline to lead talks with foreign investors on a proposed LNG export facility.
NLNG doubles down on domestic LPG, while Train 7 languishes
Nigeria LNG (NLNG) will supply all of its LPG production to the domestic market, the company has announced, in line with the government’s plans to bolster local consumption.
Morocco issues tender for LNG investigation at Mohammedia
The Agence Nationale des Ports (ANP) has issued a tender for a study into a potential floating storage and regasification unit (FSRU) in Morocco.
Coral Sul FLNG arrives on site in Mozambique
The Coral Sul floating LNG (FLNG) vessel has arrived at Area 4, offshore Mozambique, with the aim of starting production in the second half of 2022.
Security improves in northern Mozambique but tests are ahead
The military intervention in northern Mozambique has seen some successes, but with the recent death of a South African soldier and talk of the insurgency shifting, it is far from over.