Eni starts local talks to double Mozambique FLNG
Eni acquired its environmental licence for Coral Sul in 2015. The FLNG facility shipped its first cargo in November 2022.
LNG
Sound sketches out Calvalley entrance to Moroccan micro-LNG
The convertible notes fully fund Sound’s capital requirements until the end of the year. Sound launched a farm-out process in August 2022.
DFC, Standard Bank approve funding for Renergen’s next phase
The work would involve up to 300 new production wells, 480 km of gas transmission pipelines, three compressor stations and a new combined LNG and helium plant.
Mozambique LNG falls short, Rufin report finds
Following talks with other bodies involved in the region, Rufin said “information flows little and poorly between Mozambique LNG and other actors”.
Shell, Equinor inch towards HGA on Tanzania LNG
Equinor has reported its block holds more than 20 trillion cubic feet, while Shell’s blocks have 15 tcf.
Big fields get bigger: Kosmos focuses on Jubilee near term
“The first well in the main field is starting up shortly. The build up to 110,000 bpd is clearly laid out and the activity set is on plan. The well rates are consistent – and slightly ahead of pre-drill estimates.”
Eni delivers Egyptian LNG to new regas plant at Piombino
Eni will completely replace Russian gas supplies by 2024-25, it has said.
NNPC signs up Norwegians for FLNG plan
Including delivery and feedstock prices, Golar LNG has said its FLNG technology can deliver gas into Europe or Asia at $3-5 per mmBtu.
Congolese president lays LNG foundation with Eni
Congolese Oil Minister Bruno Jean Richard Itoua signed a security agreement for Marine XII on March 20. The government approved a fiscal agreement on LNG production for the licence in December 2021.
Marathon’s West African hub plan takes shape
As of January 1, 2024, LNG produced from the Alba field “will be sold into the global LNG market, which is expected to drive a significant financial uplift for our company given the material arbitrage between Henry Hub and global LNG pricing”.
Africa to take centre stage for FLNG plans
Africa will “dominate” new floating LNG (FLNG) projects in the period to 2027, adding 10.2 million tonnes per year of capacity, according to a note from Westwood Global Energy Group.
Eskom may buy electricity from Karpowership via Mozambique
Eskom Holdings is considering buying electricity from a Karpowership plant to be located offshore Mozambique after declining to sign agreements to procure power from facilities the Turkish company planned to moor off the South African coast.
Exxon issues Rovuma LNG tender but financing in focus
ExxonMobil has issued a call for companies to build an onshore LNG plant in Mozambique, amid signs of new confidence in the conflict afflicted north.
Lukoil sees room for more in Congo
Gas volumes will also grow, he said. It is currently producing 1.5 billion cubic metres per year and this will grow to 5.5 bcm “at the next development stage" Tass reported the manager as saying.
Skikda expansion on course for Hakkar visit
Sonatrach described the expansion project as one of its pivotal projects, which would help the company expand internationally.
NGO predicts the end for Karpowership’s SA plans
The company won the work on the basis of generating emergency power. However, the contract would have seen Eskom commit to a 20-year purchase agreement. There has been widespread criticism of the way in which the government awarded the contracts.
World Bank open to support Mozambican gas to spur energy access
“My sense of Mozambique’s natural gas assets is that it can play an important role for the global transition,” she said.
Renergen targets US IPO as it scales up gas plans
Phase 2 will cost $1.16 billion over the next three years, with the company aiming to reach commercial operations by 2026.
Egypt offers brownfield options, while El Molla woos Chevron
The two talked about Chevron’s plans in Egypt. These include increasing production and co-operation in exporting gas from the region to Europe.
WBHO raises prospect of return to Mozambique LNG this year
Earlier this month, CEO and chairman Patrick Pouyanné visited Cabo Delgado and announced the appointment of a human rights rapporteur, Jean-Christophe Rufin.
BP, Kosmos clash over GTA LNG sales
Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. “We will not have to have sold all the gas” at final investment decision (FID), he said.
Kosmos looks for inflection, but TEN a drag
“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”
McDermott arrives for pipe work at BP’s GTA LNG
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids – primarily water and condensate – and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
Africa Oil marks new country entry with eye on infrastructure
Africa Oil said the block contains a number of gas-prone prospects in water depths of less than 80 metres. Crucially, it is close to existing infrastructure, including the Alba gas field and the Punta Europa LNG plant.
Energean talks CCS in Egypt with Shell’s Idku plant
The company went on to say there may be opportunities in future to take emissions from other sources, such as fertiliser producers.