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Zawya
14-05-2025
- Business
- Zawya
Africa Rallies for Gas-Driven Growth at Invest in African Energy (IAE) 2025
African energy leaders kicked off the Invest in African Energy (IAE) 2025 Forum in Paris with a resounding call for deeper cross-border collaboration, strategic gas monetization and inclusive national development policies, signaling a united front in shaping Africa's energy future. Leading the charge, NJ Ayuk, Executive Chairman of the African Energy Chamber, lauded the successful execution of the Greater Tortue Ahmeyim (GTA) gas project by Mauritania and Senegal – which loaded its first LNG cargo last month – as a model for regional cooperation. 'No country has been able to do cross-border projects like Mauritania and Senegal. They showed that it is possible in Africa to come together and do cross-border collaboration,' he said, emphasizing that regionalism and pragmatism must outweigh isolationist tendencies. 'Resource nationalism slows down projects.' Technip Energies' Chief Business Officer, Marco Villa, echoed Ayuk's sentiment on the continent's energy potential, calling natural gas a 'strategic driver' rather than just a tradable commodity. 'Resources alone are not enough – the real opportunity is transforming this potential into sustainable, prosperous and inclusive growth,' said Villa. 'We believe natural gas is more than a commodity – it is a strategic driver for countries and for Africa – in terms of industrialization, energy security and global integration.' Villa stressed the importance of both large-scale export infrastructure and domestic gas valorization, positioning gas as a dual solution for global competitiveness and local economic development. 'While exports are important, local valorization of gas is equally crucial. Africa cannot only be an exporter of gas – gas can be a lever for domestic transportation, power generation, enabling petrochemical industries, modernizing refineries and supporting agribusiness.' Petroleum Commissioner at Namibia's Ministry of Mines and Energy, Maggy Shino, highlighted Namibia's rapid emergence as a global hydrocarbon hotspot, following massive offshore discoveries from Shell, TotalEnergies, Galp and Rhino Resources in the deepwater Orange Basin. 'Namibia has emerged as one of the world's most exciting hydrocarbon frontiers… These discoveries are among the largest of our decade. With more than 80% of our offshore unexplored, Namibia is not only a frontier – it's a first mover advantage waiting to be seized,' said Shino. She also emphasized Namibia's commitment to fast-tracking development and fostering a responsible investment environment, highlighting the ongoing development of the National Upstream Petroleum Local Content Policy as a key step toward embedding local content from the outset. 'This policy is more than a regulation for us. It's a platform to align global expertise with Namibian empowerment. We are actively engaging industry stakeholders to create a framework that balances skill development, supplier integration and the upliftment of Namibian citizens with operational efficiency.' Meanwhile, Anibor Kragha, Executive Secretary of the African Refiners&Distributors Association, cautioned against overdependence on petroleum imports and underscored the urgency of building domestic refining capacity and storage resilience. 'If you're going to maximize your returns, then you have to run the full value chain and refine… What happens to Africa if we cannot import a single petroleum product for 30 days? How many countries have strategic storage beyond two weeks?' said Kragha. 'Africa's energy boom is not just about oil and gas.' The opening keynotes set the tone for a forward-looking IAE 2025 agenda – one centered on transforming Africa's resource wealth into tangible, inclusive and strategically driven development. The forum continues in Paris through May 14. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
28-04-2025
- Business
- Yahoo
Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar
Technip Energies (PARIS:TE) has been awarded a significant (1) Detailed Engineering Design contract by Larsen & Toubro Limited (L&T) Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) of QatarEnergy LNG, the world's premier LNG company. Under this contract, Technip Energies, having completed the Front-End Engineering and Design (FEED) phase, will provide Detailed Engineering Design for two offshore compression complexes. Each will comprise large offshore platforms, flare platforms, interconnected bridges, and other associated structures. Marco Villa, Chief Business Officer of Technip Energies, commented: "We are pleased to be entrusted by L&T and QatarEnergy LNG for the Detailed Engineering Design of the NFPS COMP 4 project. This selection highlights the confidence and trust in our engineering expertise and Technip Energies' established capability to support Qatar's energy security, ambitious projects and objectives.' (1) A 'significant' award for Technip Energies is a contract award representing between €50 million and €250 million of revenue. This award was recorded in Q1 2025 in the Technology, Products & Services segment. About Technip Energies Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: Contacts Investor RelationsPhillip LindsayVice-President Investor RelationsTel: +44 207 585 5051Email: Phillip Lindsay Media RelationsJason HyonnePress Relations & Social Media ManagerTel: +33 1 47 78 22 89Email: Jason Hyonne Important Information for Investors and Securityholders Forward-Looking Statements This press release contains forward-looking statements that reflect Technip Energies' (the 'Company') intentions, beliefs or current expectations and projections about the Company's future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words 'believe', 'expect', 'anticipate', 'plan', 'intend', 'foresee', 'should', 'would', 'could', 'may', 'estimate', 'outlook', and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company's current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates. All of the Company's forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company's control, and assumptions that could cause actual results to differ materially from the Company's historical experience and the Company's present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see the Company's risk factors set forth in the Company's 2024 Annual Financial Report filed on March 10, 2025, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF), which includes a discussion of factors that could affect the Company's future performance and the markets in which the Company operates. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. Attachment Technip Energies awarded a significant engineering contract for the NFPS Offshore Compression Project in Qatar
