US$6bn Water Investment Programme to transform Zambia by 2030
This week the Zambian Government launches its game-changing US$6billion Zambia Water Investment Programme during the African Union mid-year Summit in Lusaka.TheProgramme is part of the Continental Africa Water Investment Programme (AIP) that was adopt…
Macron Calls For Public Lights To Be Turned Off Amid Russian Gas Threat
The French should brace for a complete cutoff of Russian natural gas, French President Emmanuel Macronsaid Thursday, Bastille Day, calling on citizens to turn public lights off at night and embrace what he referred to as energy “sobriety”, the Assoc…
IEA Says Oil Prices Threaten Economy
Oil prices pose a high risk to the global economic recovery, with signs that fuel costs are starting to “take their toll” on demand growth, the International Energy Agency said.The Paris-based adviser trimmed forecasts for oil consumption this year …
Trinidad still banking on oil and gas
PORT OF SPAIN – The Trinidad and Tobago Energy and Energy Industries Minister, Stuart Young, on Monday said he supports reports that despite the trend to renewables, there is agreement that oil and gas will continue to be important primary fuels for …
Argentina’s Gas Pipeline Project Receives Backing, Enters Construction Phase
(Reuters) — Argentina will take a key step on Friday in the construction of a major new natural gas pipeline for its huge Vaca Muerta shale formation, vital to helping the South American country reverse a deep energy deficit that is costing it billio…
China Port Group Starts Pumping Crude Oil into New 230-Mile Pipeline
(Reuters) — Chinas Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline thatconnects the port of Yantai to a group of independent refineries in thecountrys refining hub Shandong, state media reported on Tuesday.The…
Petrofac continues growth in Africa with Tullow’s Jubilee award
Petrofac, a leading provider of services to the global energy industry, sees further growth in Africa having been selected by Tullow Oil to provide operations services for their world-class Jubilee Development in Ghana, West Africa.Petrofac’srole on …
NextDecade Inks 20-Year LNG Supply Deal with Guangdong Energy Group
NextDecade Corp. has entered a 20-year sale and purchase agreement (SPA) with Guangdong Energy Group for the supply of LNG from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.Under the SPA, Guangdong Energy Group will purcha…
IEA: High prices, uncertainty will slow growth in gas demand
High prices for natural gas and supply fears due to the situation in Ukraine will slow the growth in demand for the fossil fuel in the coming years, according to the International Energy Agency (IEA).In a report published Tuesday, the Paris-based agen…
Oil rises as tight supply trumps recession fears
Oil rose today as supply concerns driven by lower OPEC output, unrestin Libya and sanctions on Russia outweighed fears of demand-sapping global recession.Euro zone inflation hit yet another record high in June, strengthening the case for rapid Europea…
Nigeria Takes $1 Billion Hit in Q1 Revenue Due to Crude Oil Theft
(Reuters) — Nigeria lost $1 billion in revenue during the first quarter of this year due to crude oil theft, the petroleum regulator said on Friday, warning the practice was a threat to the economy of Africas topproducer.Nigeria loses millions of bar…
Spain Restarts Natural Gas Flows to Morocco on Maghreb-Europe Pipeline
(Reuters) — Natural gas has started flowing from Spain towards Morocco through a pipeline thatstopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday.Algeria decide…
Oil Likely To Hit $200: SEB Group
Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group.Bjarne Schieldrop, SEB analyst,said on Wednesday in no uncertain terms that the G7…
Greece Looking to Secure Deal with Italy for Gas Storage
(Reuters) — Greece has been in talks with Italy to see whether it can store gas in the neighboring country as part of efforts to secure supplies if Russian flows are disrupted, Greeces energy regulator said on Monday.European Union countries and lawm…
Oil prices rise 1% as UAE says it has no spare capacity; Brent crude reaches $116.17/bbl
By ReutersOil prices rose about 1% in early Asian trade on Tuesday after the United Arab Emirates energy minister said the nation is producing near capacity, countering expectations that it could help boost supply in a tight market.The UAE and Saudi A…
India’s L&T lands three “large” oil and gas offshore contracts from leading international client
By Nishant Ugal Indianengineering and construction giant Larsen & Toubro (L&T) has won three “large” offshore packages for its hydrocarbon business from anunnamed international client.L&T revealed the scope of workfor the new co…