Africa

JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.

An estimated $35 billion in investment is expected to pour into geothermal projects in Kenya and Ethiopia through 2050.

It takes only 3 days for an LNG carrier or oil tanker to reach India from East Africa where Tanzania is destined to become an LNG exporter together with its neighbor Mozambique and a transit point for Ugandan oil exports.

Overcoming the gaps in digital transformation through collaborative partnerships will be paramount if Nigeria is to benefit fully from a boom in oil and gas infrastructure and be considered an industry heavyweight on the world stage.

Uganda’s Lake Albert appears on track to first oil by 2025. The oil is expected to be exported via the 1443-km East Africa Crude Oil Pipeline.

A hydrogen storage study, a new pilot in San Diego, and a UK boost lead the energy transition charge along with a new offshore wind project, marketplace for solar procurement, and fresh funds earmarked for emissions reduction.

The Eni-BP Azule JV creates Angola’s largest independent oil and gas company and will operate the New Gas Consortium project, the country’s first non-associated gas project and a boost to West African LNG.

Sempra lands partners for a CCS deal in Louisiana, while Shell eyes newbuild ships for CCS transport. An offshore alliance targets floating wind technology, and global hydrogen projects gain momentum in the UAE, Africa, and Brazil.

The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.

The Mozambique LNG project expects to achieve financial close in Q3.