AfrOil - Africa Oil & Gas
Nigeria’s NNPCL signs agreements for two LNG projects
The Nigerian National Petroleum Corporation Ltd (NNPCL) has signed agreements for two liquefied natural gas projects in a bid to boost the country's natural gas utilisation and revenue.
TransGlobe Energy plans to drill four wells in Egypt in 2024
TransGlobe Energy plans to launch its campaign in Egypt for 2024 with the drilling of four wells within the framework of an intensive programme to enhance production, which reached around 11,500 barrels of oil equivalent per day in 2023.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
COP28: Nigeria’s plan for African gas pipeline network unveiled
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPCL), has unveiled ambitious plans to create a regional gas pipeline network supplying natural gas across Africa.
Mauritania to export LNG in mid-2024
Mauritania is set to make a significant mark on the global energy stage as it announces plans to commence its first liquefied natural gas exports in mid-2024.
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
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