oil and gas - The African Mirror

Apr

2024

South Africa’s PetroSA targets Mozambique gas in new sales deal

SOUTH Africa's PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage. Handed a gas trading licence by regulators in March, state-owned oil and gas company PetroSA has moved quickly to secure a deal for an initial 2 petajoules of gas a year (PJ/a), with the scope to rise to 200 petajoules eventually. That would be enough to supply scores of industrial gas users, including steelmaker ArcelorMittal, which currently relies on around 190 PJ/a,…

Dec

2023

By FELIX ONUAH

Shell sees $6 billion oil, gas investments in Nigeria, presidency says

NEWS

SHELL sees a $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of gas and upstream operations. Nigerian President Bola Tinubu held talks with Shell's Zoe Yujnovich in a move to attract capital to Africa's top energy producer, presidential spokesperson Ajuri Ngelale said in a statement. Yujnovich was cited as saying Shell has "an imminent $5 billion investment opportunity" in the offshore Bonga North oil project. "I am really keen to…

Sep

2020

By The African Mirror

Strategic Somaliland touts its oil and gas as opens Taiwan office

BUSINESS

BEN BLANCHARD THE strategically located, self-declared African nation of Somaliland touted potential oil, gas and tourism resources for investment as it opened a de facto embassy in Taiwan on Wednesday, a relationship that has angered China and Somalia. Taiwan signed the agreement on establishing representative offices with Somaliland in February, but did not make it public until July. Situated on the Horn of Africa, Somaliland borders Djibouti, where China maintains its first ever overseas military base. Both China, which claims Taiwan as its own, and Somalia have expressed their opposition to Taiwan and Somaliland's forging of ties. Somaliland declared independence…