Tag: Energy Oil & Gas

TotalEnergies Kenya picks new Managing Director

Frank

KENYA – TotalEnergies Marketing Kenya Plc, a leading petroleum and gas products supplier in the East African region, has appointed Eric Fanchini as a director and the company’s new Managing Director. Fanchini is an insider at the oil marketing company which he has served for 18 years in various managerial positions including a stint as the IT Manager for the company’s aviation business in Paris. He replaces the exiting Olagoke Aluko who heads up the company’s ladder to become the Vice President of Finance & Corporate Affairs for Marketing and…

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Qatar Petroleum signs deal with TotalEnergies to acquire interests in exploration blocks offshore South Africa

Frank

SOUTH AFRICA – Qatar Petroleum has entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa. Under the terms of the agreements, which are subject to customary approvals by the government of South Africa, Qatar Petroleum will hold a 25% participating interest in the South Outeniqua block, a 30% participating interest in the DWOB block, and a 29.17% participating interest in the OBD block. The South Outeniqua block covers an area of approximately 49,000 km2 in water depths ranging between 200 and 5000 m.…

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South Sudan launches first-ever oil and gas licensing round to accelerate exploration and production

Frank

SOUTH SUDAN – The government of South Sudan through the Ministry of Petroleum officially has launched the country’s first-ever oil and gas licensing round in Juba. Focused on accelerating exploration and production at new and existing blocks and promoting the country as a competitive investment destination, the move signifies a historic moment in the country’s competitive oil and gas sector. The launch precedes the country’s highly anticipated national energy conference, South Sudan Oil & Power 2021, organized by Energy, Capital & Power that will take place at the Crown Hotel…

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Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle

Frank

MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A. S.A.R.L (CMG) (25%) and South African Gas Development Company (SOC) Limited (iGas) (25%). The joint venture owns the 865km gas transmission pipeline from Mozambique to South Africa. The company said…

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Total appoints Stéphane Michel new renewables chief to lead its huge green energy push

Frank

WORLD – French oil and gas giant Total, has appointed Stéphane Michel the president of Gas, Renewables  and Power (GRP) and a Total Executive Committee member, a position previously held by Philippe Sauquet, who has retired, the company has said in a statement. Before this latest appointment, Stéphane Michel was Senior Vice President. Middle East and North Africa, Exploration and production, a position he has held since January 2014. “The Gas, Renewables & Power segment has a key role to play in the growth, value creation, and transformation of Total…

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Rubis Energy completes rebranding of acquired petrol stations in Kenya

Frank

KENYA – Rubis Energy Kenya has emphasized its commitment to the Kenyan market with the transfer and rebranding of acquired Gulf Energy and KenolKobil petrol stations to the Rubis banner.  The move follows the unveiling of seven new rebranded petrol station in Nairobi and its environs. Rubis Energy Kenya Group Managing Director and East Africa Jean-Christian Bergeron said that the rebranding of the 220 petrol stations nationwide will ensure the sustainable accessibility of Rubis products. “Globally, we have a strong petrol station networks of over 1,065 units and we hope to…

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Sasol sells its Mozambique gas- to-power plant for US$145m

Frank

MOZAMBIQUE – Chemicals group Sasol has sold its Mozambique gas- to-power plant Central Termica De Ressano Garcia S.A. (CTRG) to Azura Power for US$145 million In a press statement, Sasol says this transaction is part of its “ongoing, strategy aligned, asset divestment programme.” The disposal of CTRG follows its sale of a 50% stake in its newly-completed Lake Charles Chemicals Project in Louisiana, for US$2 billion to LyondellBasell, a global chemicals and plastics producer a few weeks ago. It has also sold its 50% interest in the Gemini high-density polyethylene…

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Mitsui & Co to sell all stakes in coal-fired power plants by 2030

Frank

WORLD – Japanese trading house Mitsui & Co Ltd  plans to sell its remaining stakes in coal-fired power stations by the end of the decade as it shifts to gas from coal to help achieve its 2050 net zero emission target, its chief executive Tatsuo Yasunaga told Reuters. “We still own stakes in coal-fired plants in Indonesia, China, Malaysia and Morocco but our goal is to make it zero by 2030,” Mitsui CEO Tatsuo Yasunaga said in an interview with Reuters. The comment is Mitsui’s first on selling out of…

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Nigeria partners Israeli chemical manufacturing giant DOR group to boost ethanol production

Frank

NIGERIA – The Federal Government of Nigeria has partnered with DOR Group, Israel’s leading manufacturer and marketer of methanol and MTBE products in the production of ethanol in the country. The two parties recently signed a Memorandum of Understanding to formalize the partnership which may result in Nigeria significantly enhancing its ethanol capacity in the near future. Nigeria’s delegation during the signing ceremony was led by Minister of Science and Technology, Ogbonnaya Onu, while DOR Group was represented by its Chief Operating Officer Vincent Asor.  The event was witnessed by…

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Italy’s energy giant ENI discovers new gas deposits in Egypt’s Mediterranean offshore region

Frank

EGYPT –  A consortium of oil and gas drilling companies led by Italy’s Eni have discovered new gas deposits with a potential of producing 32MMscfd of Gas in Egypt’s offshore region. The announcement of the new discovery was made by Egypt’s Petroleum and Mineral Resources Minister Tarek El Molla who further noted that gas was discovered in a well drilled in Bashrush, in the North El Hammad concession. The North El Hammad concession is located in the conventional Egyptian waters of the Nile Delta at a site operated by Italian…

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