Category: OIL AND GAS

Total makes second ‘significant’ gas condensate find off South Africa

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  London — Total and its partners have made a “significant” gas condensate discovery near the major Brulpadda find off South Africa’s Western Cape raising the prospects of a new gas push in the country’s coal-dominated energy sector. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Luiperd well encountered 73 meters of net gas condensate pay in “well-developed good quality” reservoirs after drilling to a total depth of about 3,400 meters, Total said Oct. 28. The Luiperd prospect, located in the Outeniqua Basin 175…

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Mozambique outlines fund plan for $96 Billion gas windfall

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  INTERNATIONAL – Mozambique published its proposed model for a sovereign wealth fund as it prepares to reap as much as $96 billion — more than six times the size of its current gross domestic product — from liquefied natural gas projects that companies including Total SE are building. The developments, which are the biggest private investments yet in Africa, could make Mozambique the continent’s second-biggest producer of the fuel. The central bank laid out plans for how the fund may function and which institutions it will report to. The…

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SA’s post-pandemic energy plan

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  n. Gwede Mantashe opened day two of AOW Virtual (7-8 October), an online summit from the team behind Africa Oil Week (www.Africa-OilWeek.com). Minister Mantashe’s address reflects the importance of South Africa’s role in the Africa Oil Week community, as the conference’s host nation for its 26 editions. The goal of AOW Virtual was to reignite the African upstream following a tumultuous year that has featured unprecedented supply and demand shocks in the sector. In his address, Minister Mantashe did not shrink from addressing the devastating effects of COVID-19 on South…

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Dekra Industrial: keeping industry ‘on the safe side’ with holistic NDT and solutions

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Dekra Industrial: keeping industry ‘on the safe side’ with holistic NDT and solutions

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Government pledges support for Mozambique gas projects

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  South Africa has reiterated its commitment to assist the Mozambican government to advantage of its gas booming market. Trade, Industry and Competition Deputy Minister Nomalungelo Gina said government would bolster bilateral relations between the two countries for the betterment and prosperous Africa. The Deputy Minister was speaking during a South Africa and Mozambique virtual trade and investment seminar under the ‘Developing Afrocentric Solutions and Forging Partnership in Response to COVID-19’ theme. “South Africa is one of Mozambique’s great and major trading partner and is also a major investor in…

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Positioning Women as the ‘Engine of Growth’ in the Oil and Gas Industry

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  The ‘Women in Energy’ webinar, which was co-hosted by Africa Oil & Power (www.AfricaOilAndPower.com) and the African Energy Chamber on Thursday identified education, gender bias and access to capital as key inhibitors to proportionate female representation within the oil and gas industry; a recent McKinsey study places female industry participation at just 15%; the webinar served as part of the ‘Women in Energy’ series and #EqualBy30 initiative, which centers on driving female participation in the global transition to clean energy future.   The ‘Women in Energy’ webinar hosted by Africa…

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Total warns of risks posed by Islamic State in Mozambique

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  Total SE Chief Executive Officer Patrick Pouyanne called on European nations to help Mozambique fight an insurgency, backed by Islamic State, in part of the East African nation where the energy company is developing a natural gas project. For more than a month, militants have occupied a town about 60 kilometres (37 miles) south of where a group led by Total plan to spend $20 billion to extract gas from below the ocean and export it to European and Asian customers. The violence, including alleged human rights violations by security…

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Can Invictus Energy solve the long running Southern Africa gas crisis?

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  Rolling power outages and blackouts throughout the day caused by electricity shortages are hampering both industry and investment. This is not a short term issue either. The ways things are going, by 2030 some 530 million Africans will still lack adequate power supply. The combination of large population growth and very little new investment in traditional coal fired power generation has heightened the situation. Driven by ESG concerns from both government and financiers there’s been a move away from coal fired power. Now with the region’s coal fired generators…

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A ‘Heads-up’ from Rand-Air for the mining sector

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A ‘Heads-up’ from Rand-Air for the mining sector

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Mozambique gas can spur SA construction and manufacturing sector

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The discovery of vast quantities of gas offshore of Mozambique’s northern province could catalyse the economic development South Africa needs. Mozambique’s Rovuma basin holds the biggest natural gas discoveries in recent history with the basin estimated to hold about 32 billion barrels of equivalent (boe), enough to supply Europe’s gas needs for a decade. Speaking at the Africa Gas Forum in Cape Town on Monday, recently retired executive director of SA Oil and Gas Association (Saoga) Niall Kramer, said South Africa – coupled with last year’s discovery of an estimated…

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