Russia’s liquefied natural gas cargoes could be redirected to Turkey and Asia if the European Union makes a plan to ban Russian LNG official, Patrick Pouyanne, the chief executive of French oil and gas supermajor TotalEnergies, says.
Exxon has asked for security guarantees for its Rovuma LNG project from Mozambique’s government, the Financial Times reported, citing unnamed sources, who said the discussions were directly with the president of Mozambique, Daniel Chapo.
The agreement is the first direct long-term SPA between the companies. Volumes will be sourced from QatarEnergy’s Ras Laffan facility and will be delivered to Messer customers worldwide. The financial terms of the deal were not disclosed.
A quarterly survey of oil and gas companies released today by the Federal Reserve Bank of Dallas quotes industry executives who blast Trump on everything from tariffs and policy uncertainty to his attacks on renewable energy.
TotalEnergies’ Venus project in Namibia’s Orange Basin is the kind of discovery that makes oil executives’ eyes light up and governments dream of windfalls. The discovery – made in February 2022 – was immediately recognized as one of the African continent’s largest in decades, with an estimated 1.5 billion barrels of light crude at 45 degrees API and 4.8 Tcf of natural gas. Expectations are high: peak output is projected at around 150,000 barrels a day and the field could remain productive for 30-40 years.
The African Energy Commission (AFREC), launched its first oil and gas market study for Eastern African Region, reaffirming its commitment to driving regional energy integration, sustainable development, and intra-African trade at the official opening of the Africa Oil Week (AOW) 2025 in Accra, Ghana.
With global demand for oil and gas remaining more robust than previously expected, the outlook for African hydrocarbon project financing is better than it has been for perhaps a decade. In addition to traditional revenue-raising upstream plays, African governments are increasingly opting for a combined gas and renewables energy mix to spur development, write Marc Howard and James Gavin.
Africa’s oil and gas production is projected to reach 11.4 million barrels per day by 2026 on the back of rising offshore investments and intensified exploration, according to the State of African Energy 2026 Outlook set to be launched on 30 September.
Zeal Environmental Technologies (ZETL), an indigenous company managing upstream oil and gas waste, has reaffirmed its commitment to operating in line with international standards in order to strengthen Ghana’s position as a preferred oil and gas hub in Africa.
Heritage Oil Limited is pleased to announce that it has appointed Paul McCafferty as GM Exploration with effect from 1st April 2025.