The Australian listed company said it had made progress on the project during the last few months, with total costs now estimated to be $325 million. Costs to reach first production are $250mn. Previously, it had forecast total costs to be $303mn.
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
Citing talks with Aramco this morning, Borkhataria said projects that had reached a final investment decision (FID) would continue as planned.
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
The result is that Seatrium has warned it faces “financial loss that is significantly higher than the previous year”.
The programme would be partly funded using proceeds from a newly created sovereign transition bond, which will be issued from next month.
“We don’t believe we are going to energy transition now, not when even countries like the UK are awarding exploration licences. At UNOC, we want to see how other countries are coping with the transition.”
“As you can see, I wanted to talk about concrete projects and initiatives, capable of generating a significant and immediate impact in the countries in which they will be implemented" and with scope for expansion, she said.
Chariot said it was working with Energean on the Anchois development plan. This included negotiating offshore drilling and services for work this year.
“We continue to see progress,” said Genel CFO Luke Clements. “It’s painfully slow. But it’s not like we’re close and then it all blows up. It’s just small steps, but with good progress.”
“The administration’s decision to freeze review of new LNG terminals is deeply disturbing and raises significant risks around the globe,” said Marty Durbin, president of the US Chamber of Commerce’s Global Energy Institute.
"Ultimately political and regulatory processes will work through to get the right answer."
Bowleven CEO Eli Chahin said the termination of the deal was “unfortunate as we believed it could have represented an opportunity to accelerate development progress at Etinde”.
These initiatives make Kazakhstan one of relatively few countries in the world able to attract strong investment interest both from international oil companies and local players.
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Harbour will emerge with “stronger credit, we expect to reach investment grade credit on completion, which will give us access to lower-cost capital for future growth”.
Angola's bold move could be the harbinger of a more dynamic global order, where size does not dictate influence or relevance.
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
“While multiple technologies will play a role in Singapore's energy transition, solar energy will likely take centre stage in the near term,” said Tan.
“The critiques are continuing so we don’t move,” Nankabirwa said. “I’m not worried, I am just annoyed”, the minister said in reference to criticism from environmental NGOs. “Uganda is a sovereign state, you cannot dictate to us. I pray I don’t come across such people.”
It intends to acquire 3D streamer seismic in addition to ocean bottom node (OBN) data. The latter provides “cleaner” data than that gathered by traditional seismic.
Afentra CEO Paul McDade said the company was committed to working in Angola. The next step involves negotiating licences with ANPG.
Wison New Energies country manager in Nigeria Fan Jian said the company was “confident that our FLNG EPCIC experience will guarantee a successful and efficient delivery. We are excited about advancing to the next stage in the near future.”
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.
