Morocco is getting closer to creating an almost $1 billion liquefied natural gas hub at a new deep-sea port on its Mediterranean coast, as it plans to boost imports to curb the use of dirtier fuels. The nation this week issued a tender for a company to supply a floating storage and regasification unit that […]
Fluor Corp and JGC Corp said Monday they had handed over LNG Canada’s second production train, bringing the Shell PLC-led project’s capacity to 14 million tons a year. Train 2 completes phase 1 of “Canada’s first LNG mega-project”, Irving, Texas-based Fluor said in a press release. LNG Canada already announced November 6 that Train 2 […]
Kistos Holdings PLC said Tuesday it has entered into a binding deal with Mitsui & Co Ltd to buy the Japanese diversified company’s stakes in Blocks 3, 4 and 9 onshore Oman, marking its entry into the Middle East. Mitsui, through Mitsui E&P Middle East BV, will divest 20 percent in Blocks 3 and 4 and […]
Lukoil, Russia’s energy giant, has seriously lost its grounds across Africa, due to United States sanctions. Sanctions have complicated the company’s potential continuity in operating its largest oil field projects, grappling its investment particularly in Republic of Ghana, Democratic Republic of Congo, and Federal Republic of Nigeria. Reports indicated the sanctions are further dismantling most of […]
Israel is expected to approve its $35 billion gas export with Egypt, worth an estimated $35 billion, amid pressure from the Trump administration. Under the deal, Israel will export 130 billion cubic meters of natural gas from the Leviathan gas field to Egypt with partners Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) guaranteeing a set price for […]
The West African Gas Pipeline Company (WAPCo), says it has achieved
record-breaking operational performance for 2025, with gas delivery reaching all-time high of 217,000 mmbtu per day in November, the highest in the company’s history.
The Ghanaian company, Cybele Energy, bid US$17 million upfront for a shallow water well that the company believes contains at least 400 million barrels of oil but the final figure depends on further studies, officials said on Tuesday.
Iran is open to international partnerships in the oil and gas industry, offering “golden investment opportunities” in the area, oil minister Mohsen Paknejad said this week, during a meeting with a senior Belarusian official.
Japan’s JERA has signed its first long-term LNG supply agreement outside Japan with India’s Torrent Power, JERA announced on Monday.
Anwar Al Kharusi, commercial chief executive of OQEP, and Jaber Al Noumani, CFO, talk to The Energy Year about the company’s involvement in Oman’s upstream landscape. OQEP holds a diverse portfolio of upstream assets in Oman and is the country’s largest pure-play oil and gas exploration and production company.