Africa

The E&P company said that a reduction in its interests for projects off the coast of the West African nations should still happen by the end of this year. This includes the large Greater Tortue Ahmeyim LNG project, which is set to start up in 2022.

With a $100-million investment and submittal of its offshore Pecan field development plan to Ghana authorities, Aker Energy continues its positioning for an IPO later this year.

Driven by Mozambique’s Area 1 and Area 4 projects, Africa is poised to become the dominant LNG investment destination by the end of this year, with the continent seeing nearly one-third of total greenfield investment.

The SPAs signed with Shell and Tokyo Gas take Anadarko’s long-term sales from the project to more than 7.5 mtpa, with additional deals expected in the near future.

The deal calls for CNOOC to get 1.5 mtpa of gas from the Anadarko-operated Mozambique LNG project over the next 13 years. The project is the first onshore LNG development for the coastal East African nation.

The construction of an LNG regasification terminal in Tema, Ghana, in addition to the first delivery of gas from the offshore Sankofa field in August, is decreasing the country’s reliance on liquid fuels and imports. About 80% of its power generation requirements will be met with gas.

The ceremonial event took place at Geoje Island, South Korea. Startup of LNG production in offshore Mozambique’s Area 4 is expected in 2022.

Angola’s powerful oil and gas industry has enabled the country’s rapid growth, but an overreliance on those revenues has posed major challenges. Does a recent change of leadership mean a shift in the nation’s economic direction?

Air Products, BHGE, Norsafe, and Sofec won contracts for Eni’s Coral South FLNG project in Mozambique.

Many new developments in African exploration and production hold tremendous potential to bring more energy and prosperity to the continent—and shine a light of affordable, abundant energy.