Go Gas Holding’s Post

Forward-thinking African nations with significant proven reserves of #petroleum know that gas (natural gas) plays an essential and transitional role in the global journey towards net zero by 2050. And #Mozambique is one of such nations. With a proven natural gas reserves of over 100 Tcf (trillion cubic feet), Mozambique ranks among the top 5 countries in Africa in terms of gas production. The successful construction and operationalisation of the 3.4 million MTPA Coral-Sul floating liquefied natural #gas (FLNG) facility in the Rovuma offshore Basin is enough to prove that the Mozambican government welcomes investors with open arms. For the record, the US$4.67 billion Coral-Sul FLNG is not only Mozambique’s 1st operating #LNG project, but also the 1st deep-water FLNG project in Africa, and the 3rd (if not 2nd) largest FLNG facility in the world. Frankly, countries in #Africa need to create a conducive environment to attract #investments and expedite oil and gas production, as time is of the essence. ================= Let's work on your project together! I’m a Chemical Engineer, an Energy Analyst and the Founder of Bavijas Energy Consulting.

The African Energy Chamber (AEC) is drawing attention to the promising prospects within Angola’s oil and gas sector. The Chamber emphasizes that oil and gas are central to Angola’s economy, which has undergone “aggressive reform” since 2017. Notably, since 2019, Angola has initiated multiyear licensing rounds for offshore oil and gas exploration and production blocks, inviting foreign companies to participate. This initiative has resulted in the awarding of over 27 blocks to date. The latest round attracted 53 bids for 12 blocks in the Lower Congo and Kwanza basins... Read here: https://lnkd.in/db2ugp2e #Gas #Oil #SouthAfrica

Azerbaijan continues to explore its offshore and onshore areas for new oil and gas reserves. Exploration drilling, seismic surveys, and evaluation of potential fields could lead to the initiation of new projects in the coming years. Indeed, exploration activities remain crucial for Azerbaijan's oil and gas industry to sustain and expand its production levels. The country's favorable geological conditions, particularly in offshore areas of the Caspian Sea, present promising opportunities for discovering new reserves. Azerbaijan's state oil company, SOCAR, often collaborates with international oil companies to conduct exploration activities through joint ventures and production-sharing agreements. Additionally, the government of Azerbaijan regularly offers exploration licenses and concessions to attract investment from foreign firms with expertise in exploration and production. The success of exploration activities depends on various factors, including technological advancements, geological knowledge, and market conditions. As Azerbaijan continues to pursue its goal of maintaining and expanding its oil and gas production, ongoing exploration efforts will play a critical role in discovering new reserves and ensuring the long-term viability of the country's energy sector. #SouthernGasCorridor #oilandgas #float #naturalgas #gascorridor #europe #linkedin #projects #news #socialmedia #innovation #technology #pipline #energy #gas #oil #export #naturalgas #gascorridor #europe #AzeriChiragGunashli #ShahDeniz #BPACE #ACEProject #UBOC #SOCAR #SOCARTürkiye #MinistryofEnergyofAzerbaijan #NobelEnergy #Schlumberger #BP #SustainableEnergy #GL #ADNOC #INPEX #EQUINOR #BCG #AcwaPower #MASDAR #oil #ministryofenergy #OPEC #news #energy #gas #SLB #Baku

KazMunayGas Chairman Magzum Mirzagaliev and Shell's Executive Vice President of Oil and Gas Exploration and Production, Peter Costello, convened to assess their burgeoning partnership. Notably, Kashagan field's oil production surged by 48% in 2023, reaching a record 18.8 million tonnes. Recognizing the imperative of meeting domestic gas demands, plans include constructing a 2.5 billion cubic meter/year gas processing plant. Discussions also revolved around joint geological exploration and facilitating oil exports via the Trans-Caspian route. Both executives reiterated their commitment to expanding collaboration, particularly in the realms of petrochemicals and sustainable development. The meeting signals a continued alignment between KazMunayGas and Shell in advancing Kazakhstan's energy sector and fostering mutually beneficial growth opportunities. Read more: https://lnkd.in/e_4A3Kud and https://lnkd.in/ec8tb9iM #KazMunayGas #Shell #Kashagan #OilProduction #GasProcessing #GeologicalExploration #EnergyPartnership #SustainableDevelopment #Petrochemicals #KazakhstanEnergy #KIOGE #KIOGE24

🙌🏻Egypt awards oil and gas exploration 4 international companies Egypt awarded on Tuesday four blocks in an oil and gas exploration bid round for concessions in the Mediterranean and Nile Delta regions to Eni, BP, Qatar Energy, and Zarubezhneft. 🛢️Eni would take two blocks by itself and a third in a coalition with BP and QatarEnergy, while Zarubezhneft was also awarded a block. It is expected to invest about US$281 million in digging at least 12 wells throughout the exploration process in the two areas. As explained by the Egyptian Ministry, it is expected to invest during the exploration about US$281 million in digging at least 12 wells. #oilrig #drillingrig #drilling #oilgas #oilandgas #exploration #energy #offshore #onshore

Libya’s oil and gas sector is witnessing a revival as the socio-political environment stabilizes and the country pursues a large-scale expansion of its energy sector. Foreign players are being invited to seize the opportunities the largely untapped market presents while production at existing fields ramp up. Read more ⤵️ https://hubs.la/Q01-G_Th0 #ECPNews #oilandgas #energy

Algeria – one of Africa’s largest oil and natural gas producers – will showcase its LNG, conventional and unconventional oil and gas exploration opportunities during a North Africa-focused roundtable at the Invest in African Energy (IAE) forum in Paris. The country is already Europe’s third-largest natural gas supplier and aims to increase LNG and pipeline exports on the back of exploration drilling from global majors and new gas supply deals. Algeria yielded 10 oil and gas discoveries in the first half of 2023 alone, with the majority located nearby existing facilities and able to be fast-tracked into production. ExxonMobil is currently in advanced discussions with national oil company Sonatrach to explore for hydrocarbons in Algeria, while Chevron is in talks to tap into Algeria’s gas-rich Ahnet, Gourara and Berkine basins. Indonesia’s national oil company Pertamina announced plans last July to invest more than $800 million in the development of the Menzel Lejmat Nord block, which will see the drilling of 12 oil wells Block 405a, alongside a solar energy project and construction of an LPG extraction plant. https://lnkd.in/dnYjx8rP

Algeria – one of Africa’s largest oil and natural gas producers – will showcase its LNG, conventional and unconventional oil and gas exploration opportunities during a North Africa-focused roundtable at the Invest in African Energy (IAE) forum in Paris. The country is already Europe’s third-largest natural gas supplier and aims to increase LNG and pipeline exports on the back of exploration drilling from global majors and new gas supply deals. Algeria yielded 10 oil and gas discoveries in the first half of 2023 alone, with the majority located nearby existing facilities and able to be fast-tracked into production. ExxonMobil is currently in advanced discussions with national oil company Sonatrach to explore for hydrocarbons in Algeria, while Chevron is in talks to tap into Algeria’s gas-rich Ahnet, Gourara and Berkine basins. Indonesia’s national oil company Pertamina announced plans last July to invest more than $800 million in the development of the Menzel Lejmat Nord block, which will see the drilling of 12 oil wells Block 405a, alongside a solar energy project and construction of an LPG extraction plant. https://lnkd.in/d-mtEr3J

New Year, New Energy!⚡️ Important developments took place in the energy industry over the holiday season! Here's a quick roundup: 🛠 Seplat completed the installation of the ANOH gas plant, boosting domestic and regional supply. 🌍 Petrobras expanded to Africa, securing stakes in Sao Tome and Principe for upcoming exploration activities. 🔥 Eni's Congo LNG project is on track to become the country's first LNG producer by 2024, marking a significant milestone. 💡 Rex International Holding secured a stake in offshore Benin's Seme Field, aiming to revitalise and increase oil recovery. ⛽️ Corcel's drilling results in Angola revealed promising oil prospects, signaling potential production reactivation. 🌟 Invictus Energy raised A$15m for more exploratory ventures in Zimbabwe's Cabora Bassa project, following last year's gas discoveries. Read the full article for more details: https://lnkd.in/dDxuwqw5 #EnergyIndustry #NewYearUpdates #AOW2024 #investinginafricanenergy