gas

Global: Gas demand growth rate up by 2.4% since beginning of the century

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

Global gas demand growth rate has increase by 2.4 percent since the beginning of the century, Trend informs with reference to the Annual Report of Royal Dutch Shell.

Egypt: Eni makes new gas discovery offshore

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

The Nour-1 New Field Wildcat (NFW), which has led to the discovery, was drilled by the Scarabeo-9 semi-sub in a water depth of 295 meters and reached a total depth of 5,914 meters, Eni said on Thursday.

Egypt: Govt invites bids for ten offshore blocks in Red Sea

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

In a statement on Sunday, Ganope, entity of the ministry charged with managing and stewardship of all aspects related to petroleum activities of the Red Sea said the blocks are being offered “ for the first time, within the context of the Ministry of Petroleum’s strategy to achieve the optimum economic utilization of all potentials and natural resources to contribute to the sustainable development of Egypt.“

Global Industry: The $32 Trillion Push To Disrupt The Entire Oil Industry

Posted on February 25, 2019February 25, 2019 by Mozambique Resources Post

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).

Africa Oil & Gas: Egypt Is Shaping Up To Become A Real Energy Hub

Posted on February 19, 2019February 19, 2019 by Mozambique Resources Post

Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, BP and ENI in this emerging energy hotspot.

Africa Oil & Gas: Ethiopia and Djibouti sign deal to build gas pipeline

Posted on February 18, 2019February 18, 2019 by Mozambique Resources Post

Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state, officials said.

Africa Oil & Gas; Shell eyes exports jump from Idku LNG plant in Egypt

Posted on February 14, 2019February 14, 2019 by Mozambique Resources Post

The Hague-based LNG giant Shell is looking to up exports of liquefied natural gas from Egypt’s Idku facility as production ramps up from the West Delta field.

Global Markets: OPEC Chief Urges Producers to Meet Cut Pledges

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

(Bloomberg) — OPEC’s top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.

Africa Oil & Gas: Algeria’s Sonatrach signs $1 billion gas plant deal

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

Algeria’s Sonatrach has signed a $1 billion contract with India’s Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach’s CEO said on Monday.

Africa Oil & Gas: Algeria’s oil and gas wealth

Posted on February 12, 2019February 12, 2019 by Mozambique Resources Post

Algeria, whose president Abdelaziz Bouteflika will seek a fifth term in April, gets most of its income from oil but was hit hard by falling crude prices in 2014.

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