Africa

UAE Energy Minister believes oil demand could recover by the end of 2021

According to recent reports, United Arab Emirates Energy Minister Suhail al-Mazrouei has commented on a potentially updated timeline for a return to form for global oil demand. He believes that global demand will make a somewhat optimistic return to pre-pandemic level by the end of 2021 or early 2022.

Mixed messages in Mozambique

Total only has a skeleton staff remaining at its LNG construction site in Afungi after evacuating most workers amid the worsening security situation in the Cabo Delgado province.

Enel and Qatar Investment Authority join forces to develop renewables in Sub-Saharan Africa

Enel Green Power S.p.A. (EGP), signed an agreement with a subsidiary of Qatar Investment Authority (QIA) for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa. The parties also signed an agreement whereby QIA will acquire 50% of EGP’s stake in projects in operation and under construction in South Africa and Zambia with approximately 800 MW capacity

Egypt's export capacity rebound

Eni announced an agreement with its partners for the restart of the LNG plant in Damietta, Egypt. The Italian multinational oil and gas company signed a series of agreements with, the Arab Republic of Egypt, the Egyptian General Petroleum Corporation (EGPC), the Egyptian National Gas Holding Compan..

Technip FMC prepares to start work on the Assiut hydrocracking complex in Egypt

TechnipFMC of London recently announced that it has successfully completed all conditions required for the company to begin work on its Engineering, Procurement, and Construction (EPC) contract with the Assiut National Oil Processing Company (ANOPC)’s new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract was signed in July and is considered by Technip to be a major contract worth over $1 billion USD. The exact value was not announced.

Phase One of Nigeria’s Waltersmith Refinery Reaches Commissioning Status This Week

Waltersmith Petroman Oil Ltd of Nigeria recently announced that it will inaugurate phase one of its modular style refinery in Nigeria’s Ibigwe, Imo State this week. Waltersmith announced this on social media for November 24th.

Support for wind's growth

The International Energy Agency (IEA) report, Renewables 2020 released on 10 November 2020, proclaims that renewable power is defying the Covid crisis with record growth this year and next. It goes on to say that renewables will account for almost 90% of the increase in total power capacity worldwide in 2020 and will accelerate in 2021 to their fastest growth in the last six years. Wind and solar additions are set to jump by 30% in both the United States and China as developers rush to take advantage of expiring incentives.

Shell announces plans to reduce its refining portfolio

Royal Dutch Shell recently announced that it plans to reduce its refinery portfolio down to a count of six as the company plans to increase its lower carbon projects and to further support future cash planning. A time frame was not specified but could be completed in the next five years.

ULSFO refinery in Duqm expected to proceed

Canada Business Holdings (CBH) recently announced that the company will go ahead with its plans for an ultra-low sulfur fuel oil (ULSFO) refinery in Oman’s Duqm Special Economic Zone (SEZ).

EGP expands wind portfolio

Enel Green Power (EGP) recently commissioned the final wind turbine at its 148MW Nxuba wind farm in the Eastern Cape, South Africa. The 200 million euro, 47-turbine farm was one of the five projects awarded to EGP in the fourth round of the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in 2015.

Nigeria’s Waltersmith modular refinery moves closer to startup

Phase one of the anticipated Waltersmith modular refinery in Nigeria is reportedly imminent, as pre-commissioning has been completed, according to Nigeria’s Department of Petroleum Resources (DPR). This facility is in Nigeria’s Ibigwe, Ohayi/Egbema Imo State, and is slated to begin by the end of the year with a capacity for 5,000 barrels per day.

Electricity’s new king will be solar PV

The latest World Energy Outlook published in October from the International Energy Agency (IEA) suggests that solar photovoltaic generation will be the largest source of power by 2040. Unlike other sectors during the Covid-19 pandemic the renewable electricity market has remained buoyant throughout 2020. The IEA suggests that renewables is set for rapid growth. In the Stated Policies Scenario (STEPS), renewables will rise by two-thirds between 2020 to 2030.

How to utilize solar potential

In an age where traditional methods of energy generation, such as burning coal and gas to generate electricity emit greenhouse gases, the energy transition movement has seen the need to investigate alternative or renewable energies. Wind and solar seem to be favored forms of alternative energies to be scaled up first.

Global Project Data update for October 2020

Although the gas processing and LNG industries took a major hit during the COVID-19 pandemic, new project announcements within the sector have increased for two straight months

U.S. modularization—Keep an eye toward the most economical approach

Modularization has been discussed extensively as a means to facilitate the construction of significant projects. Many benefits exist for modularization, including controlled construction and schedule improvement. Due to the controlled environment for module construction, quality is more easily achieved and weather is not an issue. In addition, construction in remote areas (where field labor is a concern) is minimized.

Business Trends: Global LNG projects to compete with pipeline gas

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s.

Business Trends: Application of blockchain technology in the petrochemical industry

A JV between Equatorial Guinea’s Ministry of Mines and Hydrocarbons and Marathon Oil plans to build a modular refinery on Bioko Island. In late April, the JV signed a contract to VFuels to conduct a feasibility study for the 5,000-bpd facility. The project involves dismantling a methanol plant and converting it into a refinery. If built, the facility—part of Equatorial Guinea’s Year of Investment 2020 initiative—would provide refined products to satisfy increasing domestic demand.

Offshore wind continues strong growth, bolstered by new floating projects

As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.

Nigeria’s New Pipeline Project Is Never Done Until It Is Done

The litany of ambitious and expensive energy sector projects in Nigeria that are way behind schedule, or have yet to go through preliminary development phases, is long. The 81-mile (130-km), 48-inch (1,200-mm) Obiafu-Obri Kom-Oben (OB3) gas supply pipeline is the latest example.

A quiet year for LNG

A quiet year for LNG 2020 has been a quiet year for the global LNG industry, certainly as far as project development is concerned. The Covid-19 global pandemic has had a negative effect across the whole industry, from plants to shipyards. If 2019 was business as usual for the booming LNG industry,..

2020 AFPM Summit: Five trends to watch as coronavirus reshapes the global olefins industry

The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being affected to the extent that it will undoubtedly reshape the wider industry.

Calculating petroleum quantities in the 21st century

Over the past 100 yr, a number of technological advances and process improvements have dramatically changed how the oil and gas industry finds, produces and refines petroleum. The industry has made vast improvements in physical property databases, calculation procedures, and the determination of density and petroleum quantities by incorporating advances in modern processing technologies and updating measurement standards.

Global announcements and developments July

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Oil firms ready to pick up the infrastructure divestment pace

Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates Oil and gas producing firms create the most value by exploring for, developing and producing hydrocarbons. Internal rates of return (IRRs) far in excess of 20pc are the norm for successful upstream ­projects.

Global announcements and developments June

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Maintenance: How to conduct successful turnaround maintenance at refineries

PricewaterhouseCoopers reports that, since 2014, the oil and gas industry has put off noncritical spending to reduce costs.1 In 2016, for example, the average number of backlogged labor hours for corrective and deferred safety-critical maintenance increased by 25%.1 While deferring maintenance saves resources initially, such delays lead to unsafe equipment and reduced output due to sub-par equipment.

LNG: Intercontinental to inter-regional?

Price differentials are threatening the economics underlying global LNG arbitrage. But the lower prices may unlock competition within regions It was all going rather well for efficient global LNG trade. The associated gas boom that accompanied the US shale oil revolution drove Henry Hub prices to bargain-basement levels just at a time when the country was developing its first wave of liquefaction and export capacity, most of it linked to those Louisiana prices.

Licensing rounds announcements and developments

The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses