Connect with us
Anglostratits

Business

Technip Energies Advances Mozambique’s Gas Agenda with Pioneering Floating Liquefied Natural Gas (FLNG) Solutions

Published

on

Technip Energies

As a pioneer in the development of FLNG solutions, Technip Energies is not only consolidating its position as a global LNG service company but is positioning Mozambique as a competitive gas economy

JOHANNESBURG, South Africa, March 27, 2023/APO Group/ — 

With over 100 trillion cubic feet (tcf) of proven natural gas reserves, Mozambique has quickly emerged as one of the most attractive gas plays worldwide, with three large-scale project developments placing the country on a positive trajectory towards long-term economic growth. While offshore gas projects alone provide key opportunities for energy access and job creation, Floating Liquefied Natural Gas (FLNG) solutions currently being developed by French-based engineering and technology company Technip Energies are set to position the country as a global liquefied natural gas (LNG) producer and exporter.

Having emerged as a pioneer in the development of FLNG, providing an alternative to onshore facilities and alleviating the need for long-distance pipelines and extensive onshore infrastructure, Technip Energies has positioned itself as a key driver of Mozambique’s gas agenda through the deployment of FLNG solutions at the Eni-led Coral Sul project – located in Area 4 of the highly prospective Rovuma Basin, offshore Mozambique. In 2017, Technip was awarded a contract for the FLNG facility, with the company thereafter covering the engineering, procurement, construction, installation and commissioning of the facility as well as risers, umbilicals, subsea flowlines and equipment.

For Africa, natural gas represents the fuel of the future, serving as both a clean and widely available resource as well as the solution to making energy poverty history by 2030

Representing Mozambique’s inaugural offshore LNG project, Technip installed the Coral Sul FLNG facility approximately 80km off the coast of Mozambique. With a production capacity of 3.4 million tons of LNG per annum and with a design life of 25 years, the project is set to trigger newfound growth across the country’s energy sector and economy at large. Reaffirming Technip’s commitment to Mozambique’s gas, in early 2021, the Coral FLNG facility arrived in the country, first gas was introduced to the vessel in June 2022 and the first shipment of LNG left the country for Europe in November 2022, a testament to the company’s resilience despite the wave of challenges that impacted development.

While Mozambique has produced gas from the Pande and Temane onshore fields for a number of years, the Coral Sul project – of which LNG is produced predominantly for exports – enables new streams of revenue to be generated for the country, kickstarting economic growth while positioning Mozambique as an international LNG supplier at a time when global supply chains are particularly volatile. Leveraging its strong expertise and experience, Technip applied its latest liquefaction technologies with an APCI DMR process and four LNG loading arms for side-by-side offloading operations supplied by the company itself, thus positioning the country as a pioneer in this industry while solidifying the company’s own footprint in the African gas market. With the project representing one of Africa’s first FLNG facilities, Technip has set a benchmark for other gas-rich countries across the continent, while emerging as the partner of choice for project developers eager to capitalize on Technip’s innovative FLNG solutions.  

“For Africa, natural gas represents the fuel of the future, serving as both a clean and widely available resource as well as the solution to making energy poverty history by 2030. The continent’s gas future is bright and through the development of LNG, a new era of electrification and industrialization is in sight. In this scenario, Technip Energies represents a critical partner for African gas producers looking at deploying FLNG solutions. Having emerged as a pioneer in this field, the company continues to demonstrate its commitment to African gas. Projects such as the Coral Sul FLNG facility represent just the start of Africa’s FLNG journey and we look forward to seeing new projects driven by Technip Energies in Africa,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

All this and more will be further unpacked during this year’s edition of the African Energy Week (AEW) conference and exhibition – taking place from October 16-20 in Cape Town. Under a mandate of making energy poverty history by 2030, AEW is largely centered on the role natural gas plays in Africa’s energy mix and how the development of LNG will fast-track industrialization across the continent. Last year, service companies such as Technip Energies played a key part in LNG dialogue, and this year, this trend will only continue as new discoveries are made, projects kicked off and producers turn to FLNG as viable production solutions.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Trending