South Sudan Oil and Gas News

Recent industry report about South Sudan Oil and Gas company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ South Sudan Oil and Gas Market industry experts.

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South Sudan Oil and Gas News

  • In June 2021, South Sudan has launched its first-ever licensing round as the landlocked African nation seeks to get its staple oil sector back on track after years of insecurity following its split from Sudan in 2011. Under the Oil Licensing Round, Blocks A2, A5, B1, B4, and D2 are up for as informed by the Ministry of Petroleum in the country.
  • On October 2020, South Sudanese oil marketing firm Trinity Energy announcEd plans to set up a USD 500-million crude oil refinery in Paloch oilfield to serve the region with refined petroleum products
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  • September 2023: Acelen, the largest bunker manufacturer in the Brazilian state of Bahia, joined with Bunker Holding's subsidiary Bunker One, which announced that it would provide the country's first outside anchorage bunkering operation. The anchorage area at the Port of Itaqui in São Marcos Bay (MA) can accommodate vessels, including tankers and large cargo ships.
  • November 2022: Nimofast Brasil SA and the Norwegian company Kanfer Shipping AS signed a collaboration agreement to develop small and medium-sized LNG shipping, small-scale floating storage units (FSU), and LNG bunkering solutions in Brazil starting in 2025.
  • July 2023: Asahi Tanker completed bunkering with marine biofuel (B24) and liquefied natural gas (LNG) for the oceangoing LPG tanker Buena Reina. Marine biofuel comprises roughly 24% of biofuel and conventional bunker fuel oil (VLSFO). The most significant port in Japan, Tokyo Bay, hosted the operation of Buena Reina, which Marubeni Corporation chartered.
  • May 2023: The very large gas carrier (VLGC) in the United Arab Emirates (UAE) will receive a B24 biofuel bunker from Japanese LPG trader and importer Astomos Energy Corporation and compatriot energy business Inpex Corporation. According to the deal, Inpex will use a bunker ship run by the oil and shipping business Monjasa at the Khor Fakkan port in the UAE emirate of Sharjah to provide B2 biofuel to the VLGC that Astomos has rented.
  • July 2023: McDermott International Ltd secured a construction contract related to a Shell PLC pipeline project situated on Borneo Island in Malaysia. This offshore pipeline is designated to serve the F22, F27, and Selasih fields located in Sarawak state. As part of the contract, McDermott would be responsible for the transportation and installation services pertaining to two pipeline segments and one section of flexible pipelay. 
  • June 2023: Bangkok Aviation Fuel Services PLC (BAFS) planned to construct a fresh oil pipeline to interconnect its networks, with the goal of enhancing its trade activities in the northern region. This 52-kilometer pipeline is expected to span from Saraburi to Ang Thong, enabling the efficient transport of oil from the Eastern region to the Northern region. BAFS was engaged in discussions with Thai Petroleum Pipeline Co. regarding this prospective oil pipeline initiative. 
  • Apr 2023: Afro Energy, the local subsidiary of Australian gas explorer Kinetiko Energy, successfully developed 30 pilot wells in the Amersfoort area of South Africa's Mpumalanga province. The intention is to conduct fracking for coal bed methane in this region. Afro Energy holds exploration rights over an extensive 7,000 square kilometers (2,700 square miles) of the province. It asserts that the gas resources beneath this vast expanse could potentially amount to 4.9 trillion cubic feet.
  • Feb 2023: Tethys Oil was gearing up for the re-entry and retesting of the Thameem-1 well in Oman, and this time, the approach involved utilizing fracking tools to stimulate the reservoir. The company has disclosed its plans, stating that the well will undergo re-entry and retesting, accompanied by a hydraulic fracture operation. Current preparations are concentrated on the design, procurement, and site readiness for the hydraulic fracture.
  • October 2022: Weatherford International Plc. signed a contract with Saudi Aramco to provide drilling and intervention services for the company's oil and gas operations. The agreement will cover the entire planning and execution by Weatherford that includes product lines and associated services; it will work for 45 wells per year for the entire term of the contract, i.e., three years.
  • August 2022: Abu Dhabi National Oil Company awarded five framework agreements valued at USD 1.83 billion to boost drilling activity in the emirate's oilfields as the company emphasizes expanding production capacity to help meet the growing energy demand globally.
  • January 2022: Petrofac secured a five-year contract extension for good management and well-operator services with NEO Energy. As per the contract, Petrofac will provide a five-year framework for Well Management and Well Operator support for 27 wells across the Affleck, Balloch, Dumbarton, Lochranza, and Finlaggan fields in the Central North Sea, United Kingdom.
  • June 2022: Vallourec SA won a 10-year contract for providing the supply of Premium Casing and inventory management services and will cover a part of Saudi Aramco's needs for Premium OCTG (Oil Country Tubular Goods) (including drill collars) solutions for its drilling operations. The contract has been signed on a call-off basis, placed every quarter during the term of the agreement. The first two on-call orders have already been received, with delivery scheduled for early 2023.
  • August 2023, India is poised to purchase a considerable dirty fuels from Russia in years, as a slump in crude flows from the critical producer and looming refinery maintenance threaten supplies. In August, imports of sludgy products from Russia should double from last month to about 269,000 barrels a day. The flows primarily include high-sulfur fuel oil and vacuum gasoil, which can be employed in secondary refining units to improve yields of higher-value products like diesel and gasoline.
  • August 2022: Toyo Engineering India Private Limited, a wholly-owned subsidiary of Toyo Engineering Corporation, was awarded a contract by Indian Oil Corporation Limited for the Engineering, Procurement, Construction, and Commissioning of a 3.6 MMTPA Vacuum Gas Oil Hydrotreater (VGO-HDT) Unit at Panipat in the state of Haryana in India.
  • May 2023: UAE-based energy firm - Dana Gas announced its plans to start the drilling of 11 new wells in Egypt by the end of this year and projects the wells to add up to 80 bcf of reserves and production. The company has allocated investments of approximately USD 100 million to drill these wells, indicating that the company has four concessions in Egypt and is seeking to include them in one concession within an agreement awaiting approval by the House of Representatives.
  • June 2022: The Egyptian Natural Gas Holding Company announced that BP was awarded an offshore exploration block in Egypt following its successful participation in a limited bid round in 2021.
  • January 2022: TransGlobe Energy Corporation and Pharos Energy were appointed by the Ministry of Petroleum and Mineral Resources to conduct oil exploration in the Western and Eastern Deserts. The contracts are valued at at least USD 506 million in total. Additionally, both regions will receive a USD 67 million grant to drill 12 wells.
  • Dec 2023: Saudi Arabia introduced its inaugural natural gas storage project in Al-Hawiyah, Unaizah. The storage project boasts a substantial storage capacity of 2 billion cubic feet (bcf); this project stands as a flagship initiative under the National Industrial Development and Logistics Program, a pivotal component of Saudi Vision 2030.
  • Jan 2022: Streamline Innovations Inc. (Streamline) and Zamil Group Trade & Services (Zamil), a trading company and supplier to the energy sector, announced a partnership to market and deploy Streamline's environmentally forward treatment solutions for hydrogen sulfide (H2S) in Saudi Arabia. Under the deal, Zamil will serve as Streamline's agent in the country.
  • January 2023: The Kuwait Petroleum Corporation (KPC) announced the issue of around 15 tenders in the next fiscal year 2023-2024 for global and local firms in sectors including supply of equipment, maintenance of computer systems, operation of oilfield systems, management of technology repair and maintenance services for oil installations in various areas, and other services.
  • October 2022: A Canadian drilling rig contractor, Precision Drilling Corporation, announced that it was recently awarded four contracts in Kuwait, each with a five-year term and an optional one-year renewal. The contract awards were for AC Super Triple 3000 HP drilling rigs, and this was expected to increase the company's active rig count in Kuwait from three rigs to five rigs by the middle of 2023.

South Sudan Oil and Gas Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)