Sasol’s Lake Charles pain continues
Scrapping its dividend, Sasol laid out a tough set of results with earnings down 72% at 4.5 billion rand ($297 million) with its Lake Charles project in the US continuing to drag the South African company down.
ADM lines up increased stake in OML 113
ADM Energy has struck a deal to buy a 2.25% stake in Nigeria’s OML 113 from EER for $3 million in shares and cash.
LNG cargoes cancelled as virus compounds US export glut
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Pompeo talks energy and corruption in Africa
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
South Sudan sizes up its decline challenge
Without additional investment, South Sudan’s oil production will fall and become heavier, dominated by its Nile Blend crude.
Yinson to supply FPSO to Aker Energy
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Worley wins Mozambique LNG work
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
Siemens wins jackup modernisation work from ADC
Siemens has won work to modernise systems on a jackup rig for Arabian Drilling Co. (ADC).
Crew kidnapped from tanker offshore Benin
The Alpine Penelope tanker has been attacked offshore Benin with a number of crew kidnapped, Dryad Global reported.
Shell tips LNG shortfall by mid-2020s
Shell has stuck to its growth expectations for LNG continuing to predict an emerging shortfall of supply from around 2025.
Total, PTTEP sign up Omani gas block
Total and Thailand’s PTT Exploration and Production (PTTEP) have signed up to explore and develop non-associated gas in Oman’s Block 12.
TGS launches third Senegal survey
TGS has completed its SN-UDO-19 survey in northern Senegal and has begun a second shoot in the same region, OUP-NORD-20.
Vaalco drills Etame Marin appraisal
US-based Vaalco Energy has found oil at its South East Etame 4P appraisal well, on Gabon’s Etame Marin permit.
Tripoli port shelled as ceasefire wavers
The port of Tripoli was struck by projectiles on February 18, Libya’s National Oil Corp. (NOC) has said, which nearly hit an LPG tanker.
Carbon and cash to determine Galp project plans
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Nigeria shortlists gas flare companies
Nigeria’s Department of Petroleum Resources (DPR) has held a bidders’ conference for those interested in tackling gas flaring in the country.
Glencore loses Chad exploration licences
Glencore’s core business of marketing held up well in 2019 but the trader took a $2.8 billion impairment charge, driven in part by the loss of its oil exploration licences in Chad.
Panoro lines up drilling plans
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.
Enageed seeks early production bids
Enageed Resource has issued tenders for the installation of oil tanks and an early production facility on its Oki-Oziengbe area.
Perenco signs on for Gabonese exploration
Perenco Exploration has signed three contracts for blocks in Gabon, the Ministry of Mines, Petroleum, Hydrocarbons and Gas announced.
Sound targets micro LNG for early cash flow
Sound Energy’s talks with a potential purchaser of its eastern Moroccan holdings have ground to a halt, with the company opting instead to pursue a micro LNG plan, ahead of more grandiose pipeline development works.
Chinese shipyards in the shadow of coronavirus
The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
BW scales back IPO plans on coronavirus chill
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.
Galp renews LNG deal with Nigeria LNG
Portugal’s Galp has signed a deal for 1 million tonnes per year of LNG from Nigeria LNG (NLNG), continuing the companies’ relationship.
Neptune signs Gulf of Suez licence
Neptune Energy has signed a licence with the Egyptian General Petroleum Corp. (EGPC) on the North West El Amal Offshore concession.