Natural Gas

In the wake of oil price drop, capex needs a rethink

In the wake of oil price drop, capex needs a rethink

Oil and gas explorers have to rethink their capital expenditure (capex) budgets on exploration activity across the African continent in the wake of the significant drop in the global oil price, advisory firm PwC said. ‘Oil and gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given […]

Continue Reading »

Oil and gas to boost Nigerian growth

By on August 15, 2014 in Natural Gas, Oil, Upstream with 0 Comments
Oil and gas to boost Nigerian growth

Since the oil and gas sector is expected to grow by 2,3% per year at best, its success is still vital to the Nigerian economy, notes a report by McKinsey Global Institute. With the right reforms, Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy reports that liquids production could increase from 2.35 million barrels a day […]

Continue Reading »

Wood Group Ghana signs local engineering company on as a service provider

By on August 14, 2014 in Natural Gas, Oil, Upstream with 0 Comments
Wood Group Ghana signs local engineering company on as a service provider

Hydra Offshore has signed a two-year contract to provide local engineering support to Wood Group Ghana (WG Ghana) to provide subsea engineering services for work in Ghanaian waters. The contract follows the initial Memorandum of Understanding signed by WG Ghana and Hydra Offshore in December 2013. This was for Hydra Offshore to partner the group […]

Continue Reading »

Front-end engineering set up in Cameroon

By on July 17, 2014 in Midstream, Natural Gas, Oil & Gas with 0 Comments
Front-end engineering set up in Cameroon

GDF Sues and Société Nationale des Hydrocarbures are set to start front-end engineering design studies for their proposed liquid natural gas terminal in Cameroon. They want to complete the project in 2017. The project comprises a production plant 30km south of Kribi on the southern coast of Cameroon and building a 270km offshore pipeline connecting […]

Continue Reading »

MUST READ: Tanzania: Leaked Agreement Shows Tanzania May Not Get a Good Deal for Nautral Gas

MUST READ: Tanzania: Leaked Agreement Shows Tanzania May Not Get a Good Deal for Nautral Gas

BY BEN TAYLOR, 4 JULY 2014 ANALYSIS Natural gas is on the scene in Tanzania, and expectations are sky high. There are those who see this as the end of aid dependency, or the solution to the government’s perennial money troubles. And of course, there are others who see this as a personal opportunity to […]

Continue Reading »

Statoil finds more gas off Tanzania, eyes LNG plant

By on July 1, 2014 in Natural Gas, Oil & Gas with 0 Comments

19th June 2014:  Norway‘s Statoil said on Wednesday it had found more gas off Tanzania, raising chances that a proposed liquefied natural gas (LNG) plant could be bigger than initially planned.Tanzania‘s relative cost advantages, an abundance of gas and proximity to Asia‘s main LNG buyers make it attractive as a site for an LNGplant.The company said it discovered an additional two-trillion to three-trillion cubic feet (tcf) in Block 2 offshore Tanzania, […]

Continue Reading »

Making gas available for electricity in Nigeria

Nigeria’s minister of power, Chinedu Nebo recently reassured that all the relevant agencies are working hard to make gas available to operators in the power sector. Nebo says he has firm commitment from the minister of petroleum resources, Diezani Allison Madueke, that gas would be available. The minister also says that overall the Nigerian Electricity […]

Continue Reading »

Tanzania’s Worried About How To Spend The Gas Money

The President of Tanzania says “there will be a lot of money coming to the government” when the massive gas deposits discovered in the country’s offshore are developed. “The question will be how to spend such money judiciously and effectively”, he told the weekly newsletter Tanzaniainvest. “And for this good leadership and good plans will be […]

Continue Reading »

Anadarko sells major stake in Mozambique LNG capacity

By on April 28, 2014 in Natural Gas, Oil & Gas, Upstream with 0 Comments

Anadarko Petroleum has sold two-thirds of the capacity of its planned Mozambique liquefied natural gas (LNG) project to Asian customers and hopes to have the rest sold soon, its chief executive said on Monday.The company is the primary operator of Mozambique’s Rovuma Offshore Area 1, which is estimated to hold more than 65 trillion cubic […]

Continue Reading »

Sasol eyeing Mozambique’s gas prospects

By on March 12, 2014 in Natural Gas, Oil & Gas with 0 Comments

Sasol, the South African Energy and chemicals group says the gas discoveries in the north of Mozambique are large enough to support significant additional “gas monetisation” options over-and-above the liquefied natural gas (LNG) opportunities currently being considered. There have been significant gas discoveries in the Rovuma basin, offshore northern Mozambique, where it is estimated that there is more than 65-trillion cubic feet of recoverable natural gas, and plans are […]

Continue Reading »

Top