Oil & Gas

TMC wins contract for Greater Tortue FLNG Gimi compressor

Sep 3, 2019

International compressor supplier TMC Compressors of the Seas (TMC) has been awarded a contract to supply the offshore market’s most energy efficient compressed air system to Golar LNG’s Gimi FLNG vessel which will operate offshore Mauritania and Senegal. FLNG Gimi is currently undergoing a conversion from a Moss LNG carrier to a floating LNG (FLNG) production unit at Keppel…

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Gabon on track to increase oil output

Sep 2, 2019

Gabon’s Ministry of Petroleum, Gas and Hydrocarbons announced that it will promote exploration and production opportunities at the Africa Oil & Power conference on 9-11 October in Cape Town. As the country is working to increase its crude oil production by 50 per cent by 2020/2021, US hydrocarbon exploration firm Vaalco Energy announced that it…

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MOL-Karpowership JV to bring LNG-to-Powership to Mozambique

Sep 2, 2019

Mitsui O.S.K. Lines (MOL) and Karpower International, a unit of the Turkish Karadeniz Holding, have agreed to jointly carry out the first LNG-to-Powership project under the co-brand Karmol in Mozambique. For this purpose, the two companies will jointly own and operate an FSRU and a Powership, MOL said in its statement, noting that the pair…

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Expectations high over Kenyan oil

Sep 2, 2019

Kenya this week started oil exports, flagging off the first consignment of 200,000 barrels of crude oil valued at $12 million. It was sold to Chinese company ChemChina in a competitive bidding process, marking another development in Kenya’s controversy-ridden quest to benefit from the resource discovered in 2012. Though the government said ChemChina won the…

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Egypt’s EGAS cancels 3 LNG cargo tenders

Sep 1, 2019

The Egyptian Natural Gas Holding Company (EGAS) has cancelled its bid round regarding its three liquefied natural gas (LNG) cargoes, according to two market officials, Reuters reported. The two sources added that the cancellation was due to the low value of the offers. The cargoes were planned to be shipped throughout September 9 – 11…

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Ghanaian Govt to introduce policies to protect Ghanaian interests in petroleum sector

Sep 1, 2019

Vice President Dr. Mahamudu Bawumia has reiterated government’s commitment to introduce policies that will protect Ghana’s oil and gas industry to benefit Ghanaians. The vice president was hopeful an action policy will soon be announced by the regulator—the Petroleum Commission to protect the country’s interest when giving out oil blocks to multinational companies. Speaking on…

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Panoro Energy encounters hydrocarbons at Hibiscus Updip Prospect, off Gabon

Sep 1, 2019

Panoro Energy has announced that the Hibiscus Updip well (‘DHIBM-1’), currently being drilled on the Dussafu Marin Permit offshore Gabon, has encountered hydrocarbons. Logging operations and evaluation of the oil discovery are currently underway, following which Panoro expects a side-track of DHIBM-1 to be drilled. Further updates will be provided following completion of these activities.…

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Total installs its thousandth solar powered service station in Morocco

Sep 1, 2019

Total today inaugurated its thousandth solarized service station, powered by solar panels. The rooftop solar systems at the TOTAL Palmeraie retail outlet in Marrakech, Morocco, are a milestone in the company’s program to solarize certain of its service stations worldwide, begun in late 2016. Total’s goal is to solarize 5,000 stations in 57 countries. Work…

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Lukoil eagerly anticipates Congo govt’s approval to enter the Marine XII project

Aug 31, 2019

Russia’s oil and gas producer, Lukoil, is eager to complete the deal for the purchase of a 25% stake in the Marine XII block off the coast of Congo. For that, he looks forward to the approval of the transaction by the government of the country, he said Wednesday. As a reminder, Lukoil bought this…

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Pakistan interested in cooperation with Libya on oil & gas sector

Aug 31, 2019

National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla met with the Pakistani Ambassador to Libya, His Excellency Sajid Iqbal, on Monday, August 26, 2019. The two parties emphasized the special relationship between the two countries and the potential for enhanced cooperation, especially in the oil sector. Ambassador Iqbal conveyed Pakistan’s desire to explore cooperation opportunities…

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