Nigerian regulator accuses Exxon of illegal LPG exports
According to Marine Traffic, the Barumk Gas vessel left Bonny on June 9. As of this morning, it is anchored in Ghana’s Tema port. It arrived on June 11.
According to Marine Traffic, the Barumk Gas vessel left Bonny on June 9. As of this morning, it is anchored in Ghana’s Tema port. It arrived on June 11.
“They are in general pumping what they can. They are reluctant to switch off production as they may not be able to turn it back on down the line,” the Welligence official said.
For Hyphen, the opportunity is in Europe and Asia, specifically Japan and South Korea. These markets have set targets to shift to hydrogen, but have limited domestic capacity to produce their own supplies.
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
SSE Thermal is pursuing energy storage projects in a range of ways. Director of business development Hannah Bronwin sits down with Energy Voice editor Ed Reed to drill into some of the opportunities – and challenges.
Sapura Energy has also said its proposed restructuring would include a “white knight” investing 1.8 billion ringgits ($390mn) in the business.
R3 should provide around 5,000 barrels per day of production for Savannah, with plateau running for eight years.
“There is a short window of time when liquidity becomes a challenge,” the executive said, with this week’s fundraising to tide the company over.
The Lower Zakum long-term development plan aims to increase production to a peak of 500,000 barrels per day. Adnoc expects to achieve this in around five years.
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.
Chad should transfer a 20% stake in COTCO to SNH, the chairman said. This would reduce Chad’s share from 53% to 33.77%, while Cameroon would have 35.17%. Cameroon President Paul Biya backed such a redistribution, he said.
Medco has said the Natuna development is one of its two core focuses for 2023, with planned capital expenditure of $250 million. The company also controls the West Natuna Transportation System, a 656 km link that runs into Singapore.
The number of rigs active in the US has fallen, down by 72 since the November 2022 peak.
The project will reduce Egypt’s CO2 emissions by 9%, the companies said, producing 47,790 GWh of clean power per year. It will also reduce Egypt’s gas bill by around $5 billion per year.
The IEA has said EVs will remove the need for 5mn barrels per day of oil by 2030.
Some of that expansion was bankrolled by a “well calculated economic fraud” that left the group owing more than 140 billion rupees ($1.71 billion) to public lenders including State Bank of India, Bank of Baroda and Union Bank of India, the CBI told the country’s Supreme Court a year ago.
Total has said that development of Tilenga will be limited to less than 1% of park land.
Perenco has started up four new wells in Congo Brazzaville, on the Boatou permit.
The Skandi Buzios has been involved in a fire while docked at a Brazilian port, according to local news agencies.
Chad has said it is holding talks with Cameroon on increasing stakes in COTCO and how to share management.
Equatorial Guinea has offered the block before, via licence rounds, including during the 2019 offer. The area is to the east of Bioko island, north of Chevron’s Alen and Aseng fields.
“The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the company’s efforts in increasing reserves and production and pursuing green and low-carbon development,” said CEO Zhou Xinhuai.
In May, reports suggested Adnoc and Apollo had offered $7.6 billion for Braskem.
Valeura is carrying out refurbishment work on the FPSO, worth $9mn. This is intended to ensure ongoing reliability and extend its class certification.
“We have a very strategic position in the basin,” Eco CEO Gil Holzman said this week. “Block 3B/4B is exactly on trend with Graff and Venus”, Shell and Total’s finds respectively.