Viper Innovations: Subsea Technology’s Post

Nigeria FID Alert! TotalEnergies has taken Final Investment Decision on the Ubeta onshore gas/condensate development. The field is located on OML 58 and will be developed via a tieback to the block’s existing facilities. It will supply over 300 MMcf/d of gas to Nigeria LNG (NLNG). First gas is expected in 2027. TotalEnergies accounts for over 20% of gas feedstock requirements to NLNG. The French Major is the only IOC currently meeting its supply obligations to the plant’s six existing trains. It has a diversified gas supply portfolio and over half of the supply comes from its offshore assets. Ubeta’s development will underpin additional feedstock supply when Train 7 expansion comes onstream. We expect TotalEnergies will continue to maintain its diversified gas supply mix to mitigate onshore evacuation challenges.

-Israel's Tamar gas field is close to agreeing a deal to supply up to 43 bcm additional gas to Egypt through 2034. -This would be on top of the 25.3 bcm already contracted, potentially tripling the total volumes exported. -US major Chevron and UAE's Mubadala are partners in Tamar and would undertake the additional supply. -Egypt's state-backed Blue Ocean Energy is the proposed buyer of the additional gas. -Israel is well positioned to benefit from Egypt's growing gas import needs as domestic production declines. -The deal would see contracted volumes surge past 1 bcf per day from mid-2025 through the end of the contract in 2034. -Israel will generate substantial revenue from the increased gas exports, boosting its economy. - Egypt will secure a reliable source of natural gas, enhancing its energy security. - The deal further strengthens the economic and political ties between Israel and Egypt. #TamarGasField #EgyptGasImports #EnergySecurity #MiddleEastEnergy #Chevron #Mubadala #BlueOceanEnergy #SustainableEnergy #ClimateChange

This 👇 is what has kept us busy as we continue to develop Tanzania’s largest onshore gas development. In 2023 and early 2024, these milestones were achieved: ✅ Completion of the processing of 3D seismic data, the largest onshore seismic campaign in East Africa covering 338 km2 around Ntorya ✅ Selection of a more optimal location for drilling the Chikumbi-1 appraisal well through the utilisation of the 3D seismic data ✅ Completion, submission and approval by the Tanzania Petroleum Development Corporation (TPDC) of the Ntorya Field Development Plan (FDP) ✅ Application for a 25-year Development Licence based on the approved FDP ✅ Approval by Tanzanian authorities for the Development Licence, including Cabinet sign-off, awaiting issuance of the signed licence from the Ministry of Energy ✅ Signing of a Gas Sales Agreement with ARA Petroleum LLC (Tanzania Limited) and TPDC ✅ Signing of a funding facility for $3 million against the carry, ensuring Aminex has sufficient funds until the start of revenues from Ntorya gas sales. Discover more in our latest Annual Report at https://lnkd.in/eAaheMYY #Tanzania #Gas #Energy #Investors

Specialist consulting company CITAC Africa Ltd provided an oil and gas industry outlook for the continent’s mid- and downstream sectors – forecasting growth to recover to 1.9% year-on-year in 2024 – as part of the Angola Oil & Gas pre-conference workshops on Tuesday. 👉Read More: https://lnkd.in/dVDwvceV Led by CITAC Africa’s Executive Director Elitsa Georgieva, the workshop showcased how major refining projects across the continent are driving a positive outlook for both the sector and trading environment. Specifically, east and southern Africa are expected to show oil and gas demand growth of over 2.9% in 2024, while west and central Africa are expected to grow by 1.4%. 👉Português: https://lnkd.in/dAPSgygv Meanwhile, efforts to maximize the development of oil and gas resources have led to a new wave of downstream developments in Africa’s largest producing markets. ➡ Download the full program here: https://lnkd.in/dBDma-ii ➡ Stay up-to-date with the latest #AOG2024 conference coverage: https://lnkd.in/dsW3xusW #OilandGas #Luanda #Investment #Drilling #Downstream #Africa

Kazakhstan's KazMunayGas (KMG, the national oil and gas company) and ExxonMobil intend to develop a partnership, Trend reports. This was announced during a meeting between KMG Chairman of the Board, Askhat Khassenov, and Cecile Rauline, Managing Director of ExxonMobil in Kazakhstan. The parties discussed the current status of the implementation of the Tengiz and Kashagan projects, issues of the development of domestic petrochemicals, and Kazakhstani content. Khassenov noted the unchanged course to strengthen the strategic partnership between KazMunayGas and ExxonMobil. He expressed hope for support from the US company for ongoing projects and new initiatives at KMG. To note, ExxonMobil has invested more than $28 billion in Kazakhstan until the end of 2023. ExxonMobil is a major international oil and gas company with a leading position in the energy and petrochemical industries. The company began its activities in Kazakhstan in 1993, becoming one of the first major investors in oil projects in the country. The company owns: 25 percent of participation shares in Tengizchevroil LLP, which is developing the Tengiz field; 16.81 percent within the framework of the Production Sharing Agreement for the Northern Caspian Sea, which includes the Kashagan field; and 7.5 percent in the Caspian Pipeline Consortium.

APEX Appoints Tom Everitt VP, Managing Director of PetroFarah JV   Apex International Energy has announced that Tom Everitt has joined the company as the Vice President, Engineering, and General Manager and Managing Director of the company’s PetroFarah joint venture (JV) with the Egyptian General Petroleum Corporation (EGPC). 👉 Read the full article here: https://lnkd.in/g-bnrmTd 🔽 Find more info in comments below 🔽 #ApexInternationalEnergy #VicePresident #ManagingDirector #Appointment #OilandGasNews #OilandGasJobs ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

#EnergyInNumbers Egypt's oil and gas exports are expected to double reaching $36 billion by 2030, compared to $18 billion in fiscal year (FY) 2021/22. Such progress reflects the government's directions to simplify investment procedures, offer more oil and gas exploration bid rounds, and expand research and exploration activities to boost production capacities and play a pivotal role in the global energy market. #exports #oilandgas #expansion #exploration #market #production #energy

The Republic of Congo (RoC) aims to increase oil production from 259,000 barrels per day (bpd) to 500,000 bpd by 2025. This drive is supported by the country’s integrated hydrocarbon development model, which has sparked a series of projects across the oil and gas value chain. Full Article: https://hubs.la/Q02Ph7Mm0 One such development is the recent launch of the Tchendo 2 mobile offshore production unit by independent oil and gas company Perenco using up to 10 million standard cubic feet of gas to generate 27 MW of electricity. This project - serving the Likouala, Emeraude and PNGF fields - represents just one of many underway as RoC accelerates development across the oil and gas value chain. The upcoming Congo Energy & Investment Forum will provide critical insights into the country’s latest upstream developments as well as connecting with investors with new projects on- and offshore. Visit: https://lnkd.in/dj4Z28Sy #ECPNews #AfricanEnergy #InvestinAfrica #DRC #oilandgas #hydrocarbon

Local and international oil and gas exploration companies plan to invest $5 billion in Pakistan's petroleum sector, trusting in the government’s supportive policies. Prime Minister Shehbaz Sharif highlighted the importance of local oil and gas production to reduce import reliance and save foreign exchange. A new high-level committee will address sector issues and develop attractive policies for exploration. Over the next three years, 240 exploratory wells are planned. Pakistan’s current production is 70,998 barrels of oil and 3,131 MMSCFD of gas per day. This investment aims to enhance energy self-sufficiency. #Investment #EnergySector #Pakistan #OilAndGas

Discover the surprising trends in oil and gas exploration across Africa! Between 2020 and 2022, Algeria led the way with a whopping $3.25 billion, followed by Egypt and Nigeria, which invested $1.74 billion and $1.33 billion respectively. Explore the insights and learn more about the significant capital expenditures shaping the energy sector.