The Energy Circle’s Post

The Mozambican government has just extended the gas pipeline concession for the Matola Gas Company (MGC) by another 15 years. This decision, announced during a recent Council of Ministers meeting, paves the way for a significant $300 million investment starting this year. The new investment will focus on setting up cutting-edge infrastructure and connecting MGC's existing facilities to receive LNG regasified by the Beluluane Gas Company (BGC). This development is crucial for boosting industrial operations in Maputo province, where MGC already supplies natural gas to key players like the Mozal aluminum smelter and Cimentos de Moçambique. This extension marks a significant step in enhancing Mozambique's energy landscape and fostering industrial growth. As we witness these developments, I'm excited about the potential for increased energy security and economic growth in the region. How do you think these investments will impact the future of Mozambique's energy sector? Share your thoughts! #Energy #Investment #Mozambique #NaturalGas #IndustrialGrowth #GasPipeline #LNG #MGC

🌐💡 Minister Tarek El Molla Unveils $17 Billion Investments to Boost Egypt's Oil and Gas Production! 💡🌐 In a significant move toward strengthening Egypt's position in the global energy market, Minister of Petroleum and Mineral Resources, Tarek El Molla, has announced a strategic plan aimed at elevating the country's oil and gas production. 🚀💰 Collaborating with international partners, the petroleum sector is set to implement a comprehensive drilling and exploration initiative extending until 2030. This ambitious plan encompasses not only increasing production rates but also expanding oil and gas reserves. A total investment of approximately $17 billion will be dedicated to enhancing crude oil refining capacities and fortifying petrochemical production. 🔍💼 Highlighting the sector's achievements, Minister El Molla emphasized that natural gas has been successfully supplied to around 15 million housing units in Egypt, with an impressive nine million units connected over the past nine years, equivalent to 60 percent. Furthermore, 540,000 vehicles have been converted to run on compressed natural gas, with a remarkable 70 percent of them converted since the launch of the presidential initiative to expand natural gas use in vehicles in June 2020. 🏡🚗 As part of this transformative initiative, the number of natural gas filling stations has multiplied by approximately five times, reaching a total of one thousand stations. Minister El Molla also shared plans for commencing the operation of a project producing wood panels from rice straw in the second quarter of this year. Moreover, an ongoing study explores the implementation of a project to produce sustainable aviation fuel, showcasing a commitment to innovation and sustainability in Egypt's energy landscape. 🌱✈️ This monumental investment and development plan underscore Egypt's dedication to achieving energy self-sufficiency and fostering a more sustainable and resilient future. Stay tuned for the exciting advancements in Egypt's dynamic energy sector! 🇪🇬🔋 #EgyptEnergy #OilAndGasInvestments #SustainableFuture

Gabon Oil Company DG to Present Investment Opportunities at AEW 2024 Amid Anticipated Production Growth Gabon Oil Company (GOC) General Director Marcellin Ngabi will speak at the AEC African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 in Cape Town – about strategies for maximizing oilfield development. During the event, Ngabi is also expected to outline attractive investment opportunities in the country’s oil and gas sector while engaging with a suite of regional and global players. As the national oil company, GOC strives to spearhead production growth while collaborating with international players to mitigate natural declines and optimize mature fields. Read more here: https://lnkd.in/d3cPtA_b #AEW2024 #InvestInAfricanEnergy #GabonOilCompany #GOC #MarcellinNgabi #OilfieldDevelopment #InvestmentOpportunities #OilAndGas #EnergySector

Mellitah Oil and Gas B.V has successfully reactivated the gas well (CC-12) in the Bahr Essalam field, boosting Libya’s gas production by 20 million cubic feet of gas and 400 barrels of condensates per day. This achievement aligns with the National Oil Corporation’s (NOC) ongoing efforts to modernize and rehabilitate Libya’s oil and gas infrastructure. Recent developments at the Nafoura oil field, where new wells are being drilled and strategically developed, underscore the NOC’s two-pronged strategy of infrastructure rehabilitation and the development of untapped oil fields. This approach is paving the way for sustainable growth. Strategic planning reviews between the NOC and its subsidiaries—Sirte Oil Company, Waha Oil Company, and Akakus Oil Operations—have set ambitious production targets for the end of 2024. Future projects aim to elevate Waha’s production to 420,000 bpd and Sirte’s to over 120,000 bpd. These initiatives signal significant opportunities for the development of Libya’s oil and gas sector. Wazen Oil Services continues its support of the NOC's vision as well as contributing to these foundational projects. Stay tuned for updates on our latest works. #OilAndGas #EnergyProduction #Libya #InfrastructureDevelopment

We are delighted to share the news that ARA Petroleum LLC announces that the Ministry of Energy in Tanzania has granted a 25-year Development Licence over the Ntorya gas discovery area to the Ruvuma joint venture. Erhan Saygi, General Manager of ARA Petroleum Tanzania (APT), says: “We are delighted to receive this licence from the Ministry of Energy and thank all the Tanzanian agencies involved in achieving this major milestone. We are ready to launch work immediately to bring this onshore development project into production.” APT considers the area to yield a matured unaudited Contingent Resource estimate of 3.45 trillion cubic feet (tcf) of Gas Initially In Place (GIIP), with an mean unrisked GIIP potential of 16.4 tcf and a risked mean potential of 6.9 tcf for the wider Ruvuma JV area. For more information on today's announcement by ARA Petroleum, go to: https://lnkd.in/eVFSWnfy #oilandgas #Tanzania #energy

🔎#Focus : CMH 🚀 Discover #CMH, a leader in #Mozambique’s #oil and #gas industry. Established in 2000, CMH is a joint venture between Empresa Nacional de Hidrocarbonetos, E.P. (ENH) and the Mozambican government. The company plays a key role in the country’s energy development. CMH is focused on the exploration and development of the #Pande and #Tempe natural gas fields in #Inhambane Province. These resources contribute significantly to Mozambique’s economic growth. 💡 If you are considering investing in Africa’s energy sector, CMH is one of the key players! Contact us today to learn more about investment opportunities: 📩 info@hamilcarcapital.com #HamilcarCapital #Advisory #Investment #trading #EquityResearch #Mozambique #Gas # #Oil #NaturalResources #Energy #CMH

🛢️ bp unveils ambitious plans to invest up to $1.5 billion in oil exploration endeavors in Egypt, with the possibility of further investments worth nearly $5 billion to follow, marking a significant stride in the nation's energy sector 💼 During the 2024 Egypt Energy Show, BP CEO Murray Auchincloss emphasized the company's commitment to maximizing the benefits of oil and gas exploration activities both on land and at sea. 🌊 The initial investment aims to accelerate development and production plans, catering to the burgeoning demand in Egypt's energy market and facilitating energy exports. The announcement reflects BP's dedication to bolstering Egypt's position as a regional energy powerhouse. 🌍 Egyptian President @Abdel Fattah El-Sisi commends BP for its substantial contributions and growing investments in the country's energy sector, emphasizing the alignment of BP's operations with Egypt's vision of becoming a key energy production and trade hub. 🤝 The strategic partnership between BP and Egypt underscores mutual aspirations for sustainable growth and development in the energy landscape. 🌟 #BP #Egypt #EnergyInvestment #OilExploration #SustainableDevelopment 🛢️

#Adnoc #awards $5.5bn #contract to build low-carbon #LNG project in Ruwais The project in Al Ruwais Industrial City, in Abu Dhabi's Al Dhafra region, will be the first #LNGexport complex in the Mena region to run on clean power. The EPC contract was awarded to a joint venture comprising #Technip Energies, $JGC Corporation and #NMDC Energy. The LNG plant will have one of the world’s lowest carbon intensity rates. The project will feature two LNG liquefaction trains, each with a capacity of 4.8 million tonnes per annum, totalling 9.6 mtpa. This will more than double Adnoc's current LNG production capacity in the UAE to about 15 mtpa as the company expands its international LNG portfolio. It will use specialised equipment and materials sourced from the UAE, with 55 per cent of the #EPC contract value benefitting the country's economy under Adnoc's In-Country Value programme. Last month, the company acquired a 10 per cent stake in #Portuguese energy company Galp’s Area 4 concession of the Rovuma Basin in #Mozambique marking its first investment in the African country. The acquisition entitled Adnoc to a share of LNG production from the concession, which has a combined production capacity of more than 25 mtpa. The company also acquired a 11.7 per cent stake in phase one of NextDecade’s Rio Grande LNG project in Texas, marking its first investment in the #US LNG is seen as a cleaner alternative to other fossil fuels and economies are hoping to grow the share of natural gas in their energy mix. #CEEMFZE is UAE based company and you can reach us on sales@ceemfze.com for any #oilfieldequipment requirements. #Energy #oilandgas #oilfield #weareceem

ReconAfrica in N$2bn Kavango Basin deal with BW Energy BW Energy has entered into a N$2,6 billion (U$141 million) partnership with ReconAfrica, securing a 20% working interest in the latter's Namibian exploration license (PEL 73). As part of the agreement, an upfront equity investment of N$289 million (US$16 million) by BW Energy will be made in ReconAfrica. Additional payments tied to achieving commerciality and production milestones include a N$407 million (US$22.5 million) payment when a commercial development decision is made and another N$407 million (US$22.5 million) payment one year after oil production starts. The deal also includes a N$90 million (US$5 million) payment 60 days after the first oil is sold commercially and three potential payments of N$452 million (US$25 million) each, tied to BW Energy reaching specific total cash flow targets. https://lnkd.in/dr-Upd3g #namibia #oilandgas #oilexploration Namibia Petroleum Operators Association (NAMPOA) Tom Alweendo #reconafrica Namibia Investment Promotion and Development Board (NIPDB) Reconnaissance Energy Africa Ltd. Carl Arnet brian reinsborough #kavangobasin

..a broader plan to invest $7.2 billion and drill 586 exploration wells by 2030 Egypt is set to expand its oil influence with a significant $1.2 billion investment. This initiative aims to boost the country's oil production capacity by drilling 110 exploratory wells in the 2024/2025 fiscal year. As part of a broader plan, Egypt is committed to investing $7.2 billion to drill 586 exploratory wells by 2030. This ambitious project underscores Egypt's dedication to energy autonomy and securing essential fuel supplies for power generation. Stay tuned for more updates on this transformative venture! Read more here: https://lnkd.in/ei_cnpCk #EnergyInvestment #OilProduction #Egypt #SustainableEnergy #AriesOne #EnergyConsultants #OilAndGasConsultants #PetroleumConsultants #DrillingConsultants #OilAndGasConsultingFirms #OilAndGasProjectManagementServices #OilAndGasStaffing #OilfieldStaffingAgency #OilAndGasRecruitingAgency #OilAndGasWorkforceSolutions