BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 1.Sep.2025, Words: 162) — TotalEnergies (50%, operator), together with its partners QatarEnergy (35%) and the national company SNPC (15%), has been awarded the Nzombo exploration permit in the Republic of the Congo. The 1,000 km2 Nzombo permit is located 100km off the coast of Pointe-Noire, close to […]
Category: Congo
Eni and YPF ink agreement for participation in the 12 MTPA Argentina LNG project (ARG LNG 3)
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 6.Jun.2025, Words: 325) — Italy’s Eni and Argentina’s state-owned energy company YPF SA signed an agreement for the 12 million tonnes per annum (MTPA) Argentina LNG (ARG LNG 3) project. The agreement was signed during a meeting between Argentina’s president Javier Milei […]
Vitol to Pay $1.65bn for Certain Eni Assets in Ivory Coast and Congo Including Congo LNG
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 19.Mar.2025) — Vitol will acquire interests in certain assets owned by Eni in Cote d’Ivoire (Ivory Coast) and the Republic of Congo for an aggregate consideration of $1.65bn at 1 Jan. 2024, with standard cash adjustment at closing. Vitol will acquire an interest in both oil and […]
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Chevron Starts Several Projects in the Gulf of America [PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Chevron Corporation reported earnings of $3.2bn in the fourth-quarter 2024 (4Q:24) compared with $2.3bn in the 4Q:23. Results in the 4Q:24 included severance charges of $715mn and impairment charges of $400mn. Chevron said foreign currency affects increased earnings by $722mn. Chevron […]
Eni Launches Hull of Nguya FLNG in China
(Energy Analytics Institute, 23.Nov.2024) — Italy’s energy giant Eni launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison‘s shipyard in Nantong, China. In Congo’s Lingala language, “Nguya” means strength, energy, and the ability to deliver projects effectively, reflecting the company’s achievements through its partnership with […]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]
LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said.
Exmar Released its 2023 Results-PDF Download
(Energy Analytics Institute, 26.Mar.2024) — Exmar released details and highlights related to its activities in 2023 spanning the Marine XII project in Congo to Exmar re-entering the drilling segment as well as some subsequent events such as Exmar expanding its holding in Vantage Drilling. ____________________ By Aaron Simonsky. © Energy Analytics […]
Eni Completes Sales of Some Congo Assets to Perenco
(Eni Spa, 12.Mar.2024) — Eni announced the closing for the sale to Perenco of Eni participation interest in several upstream permits in Congo, non-core to the company strategy in the Country, after having obtained the approval of relevant authorities. The transaction is consistent with Eni’s strategy to focus its Upstream […]
Exmar and Eni celebrate Congo’s first LNG cargo
ANTWERPEN, BELGIUM (Exmar, 28.Feb.2024, Words: 175) — Senior representatives from Eni, Exmar and the project partners gathered yesterday with Congolese institutions to celebrate the successful start-up of LNG production and the first shipment of LNG from the Republic of the Congo. This milestone completes the implementation of the first phase […]
Eni Reports 2023 Full Year Results [PDF Downloads]
(Eni SpA, 16.Feb.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2023. Eni CEO Claudio Descalzi said: “2023 was another year of excellent results for Eni in the face of an uncertain and volatile […]
Rainforest Nations Back Projects Funded Through Carbon Market
(Equitable Earth, 3.Dec.2023) — Today at the UN Climate Change Conference (COP28), Ministers and Indigenous leaders from the most important tropical forests in the world spoke at the launch of Equitable Earth – a new voluntary carbon market standard designed to drive climate finance directly to Indigenous peoples and traditional communities. […]
Perenco Congo and Congorep Complete Seismic Campaign
(Perenco Congo, 2.Nov.2023) — Perenco Congo and Congorep, the joint venture company between Perenco and SociĂ©tĂ© Nationale des PĂ©troles du Congo (the national petroleum company of the Republic of Congo, SNPC), both major players in hydrocarbon production in the Republic of Congo, are pleased to confirm they have completed a successful 3D seismic acquisition […]
IMF on Staff-Level Agreement with the Democratic Republic of the Congo
(IMF, 31.Oct.2023) — End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary […]
Eni Reports Sail Away of the Tango FLNG, Excalibur FSU Vessels to Congo
(Eni, 21.Oct.2023) — In the presence of Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, Maixent Raoul Ominga, Managing Director of SNPC, and Guido Brusco, Eni’s Chief Operating Officer Natural Resources, today Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) […]
Chevron Launches Sale of Congo Oil Assets
(Reuters, 25.May.2023) — Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close to the […]
Eni Inaugurates Congo LNG Project in the Republic of the Congo
(Eni, 25.Apr.2023) — The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, today laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected […]
Eni Acquires Tango FLNG to Export LNG from Congo
(Eni, 5.Aug.2022) — Eni has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII block, in […]
EXMAR Sells Floating Liquefaction Unit to Eni
(EXMAR, 5.Aug.2022) — EXMAR has signed an agreement with Eni for the sale of the TANGO FLNG. TANGO FLNG floating liquefaction plant, delivered in 2017, has a storage capacity of 16,100 mÂł of LNG (liquefied natural gas) and a liquefaction capacity of up to 0.6 million tons per year. The […]
222 Million Crisis-Impacted Children in Urgent Need of Educational SupportÂ
(Education Cannot Wait, 21.Jun.2022) — The United Nations global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), released a shocking new report today that indicates the number of crisis-impacted school-aged children requiring educational support has grown from an estimated 75 million in 2016 to 222 million today.Of the […]
Press Conference Offered by Prime Minister of The Republic of the Congo
(Republic of Congo, 19.Apr.2022) — In the wake of successful meetings in London and Paris, including meetings in The Republic of the Congo’s capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame in Washington, DC. WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo WHAT: Press Conference. The […]