International

Tanzania’s government has revealed that it will commence construction of a geothermal energy power plant in Lake Ngozi, Mbeya Region in 2021. This was made known by the Tanzania Geothermal Development Company, TGDC. The company’s General Manager according to Dailynews, Mr. Kato Kabaka who spoke at a recent workshop for the parliamentary…

ExxonMobil has signed a 20-year agreement to supply liquefied natural gas (LNG) to Zhejiang Provincial Energy Group. It was announced on Monday that Zhejiang Energy is expected to receive 1 million metric tons of LNG from the U.S. energy giant each year. Peter Clarke, senior vice president of LNG at ExxonMobil, said; "ExxonMobil shares…

Our video for last week focused on the Liquefied Natural Gas. This week’s video focuses on the natural composition of Natural Gas. Natural gas was formed million years ago when dead organisms sunk to the bottom of the ocean and were buried under sedimentary rocks. Subject to heat and pressure, these organisms underwent a transformation in which…

Egypt’s Ministry of Petroleum has signed a memorandum of understanding, MOU with the International Finance Corporation, IFC for the funding of infrastructure projects within the petroleum and natural gas sectors. Egypt Today reported that the MOU is targeted at getting support for turning Egypt into a regional hub for petroleum and natural gas…

Liquefied natural gas, as its name implies, is natural gas in liquid form. Natural gas is one of the world’s fastest growing sources of energy and the cleanest burning fossil fuel. It is also used for cooking. To change natural gas into a liquid, it is cooled down into -160 degree Celsius. LNG is odorless, colorless noncorrosive and nontoxic.…

The New Development Bank, NDB and Development Bank of Southern Africa, DBSA recently signed a $300 million Greenhouse Gas Emissions Reduction and Energy Sector Development Project loan agreement. According to Banker Africa, under the Greenhouse Gas Emissions reduction and energy sector development project, BRICS bank would support renewable…

Mozambique’s publicly owned electricity company, EDM has renewed its contract to sell power to the Lesotho Electricity Company, LEC. According to All Africa, the contract is to last for a year and EDM is expected to earn 7.2 million dollars through the supply of 35 megawatts which is 20 per cent of Lesotho’s total electricity consumption. EDM…

Nigeria’s President Muhammadu Buhari recently met with Saudi energy Minister, Khalid Al-Falih to discuss cooperation between the two OPEC member countries in the energy sector. This was made known through the Saudi energy minister’s tweet according to Reuters which stated that he met with president Muhammadu Buhari on the margins of the World…

Chevron Canada Limited and Woodside Energy Limited recently applied for a new license for their Kitimat LNG plant in Northern British Columbia that will help double in size LNG production to about 18 million tonnes per annum. The Kitimat LNG application follows the approval last October of the massive LNG Canada project, also located in…

ExxonMobil has disclosed its intention to sell some of its stakes in onshore and offshore fields in Nigeria which is capable of raising $3billion for US shale investment. According to Oil Price, ExxonMobil held conversations with Nigerian companies to quest if there was still interest in its assets in Nigeria especially as the US supermajor is…