Prices slide for Aramco but upstream spending climbs
The Saudi company also noted the importance of gas. During the period, Aramco started up the Hawiyah gas plant expansion, increasing the facility’s capacity by 800 million cubic feet per day.
The Saudi company also noted the importance of gas. During the period, Aramco started up the Hawiyah gas plant expansion, increasing the facility’s capacity by 800 million cubic feet per day.
“Without energy, there is no life. Today, we are doing everything we can to ensure that the African Energy Bank becomes a reality by June 30, 2024,” the Benin minister said.
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
The company holds Block 2914B, next to Shell’s Block 2914A. Galp is to the north, at PEL 83, where it intends to begin drilling on the Mopane complex this month.
“In addition, the project is expected to deliver LNG export volumes to global markets, further establishing Senegal as an important and reliable supplier of energy to the world.”
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on November 1, said it was “determined to enforce the domestic crude oil supply obligations” for Nigerian refineries.
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
Vice president of exploration Mohd Redhani Abdul Rahman said the success would “drive further exploration for commercially viable hydrocarbon resources in the surrounding areas”.
The two officials denied impropriety. Hamuli told BIJ the process had been “rigorous, transparent and credible … I didn't have to bribe the minister, the poor guy.”
As a result, the drilling company said the rig would be in Equatorial Guinea for around 230 days. Trident also has another two options it could exercise.
Zenith is claiming at least $48 million under the ISCID case. It did not specify a value for the separate ICC proceedings.
Santos has disagreed on the impact of the pipeline. It has an expert opinion stating that there are no specific underwater cultural sites on the proposed route.
“One of our competitors bid pushed the pricing up to a point where probably, our clients thought that they would look at the schedule and the timing and the constraints of that project.”
The FPSO is on its way to West Africa, the CEO said, while the FLNG facility should leave Singapore by the end of 2023. According to Marine Traffic, the FPSO is today offshore Maputo.
These low-liquid yield finds trap a “large proportion” of the discovered oil. These resources “will not be able to be developed and monetised unless infrastructure solutions for the evacuation of gas are put in place in tandem with the associated gas that is being recycled today in the current production operations”.
Speaking at the company’s AGM, the executive said drilling on this well had been “much, much better” than the Mukuyu-1.
“ARA is now well positioned to take decisive steps towards developing the asset and ensuring that the natural gas produced from the Ntorya field is introduced to the market as quickly as possible."
"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Abu reached a peak of 15,000 barrels per day in 2008. The agreement should give Ping the ability to monetise the Abu Kecil and Abu SW Upthrown fields.
The company said ANOH had faced challenges in the “security situation, poor weather, and contractor performance”.
Equatorial Guinea Vice President Teodoro Nguema Obiang Mangue said state-backed Gepetrol was on the way to increasing its operational capacity.
However, the South African Oil & Gas Alliance (SAOGA) said approval from the NA was “one step forward in the correct direction”.
Discussions are “advanced” for syndicated tranches of loans from African, Asian and Chinese lenders, among others, for the conduit that will carry 216,000 barrels of oil a day from Ugandan fields for export, she said.
Lancetfish-2 found around 20 metres of net oil pay in a new interval, the government said.