KUFPEC signs up with Shell for Mediterranean work
“This new partnership in Block 3 empowers KUFPEC to boost its offshore assets and exploration activities in Egypt.”
“This new partnership in Block 3 empowers KUFPEC to boost its offshore assets and exploration activities in Egypt.”
“Energy transitions will play out in different ways, and that means investing in different projects at different stages in different parts of the ecosystem,” Storch noted.
Success at Mukuyu-2 could be transformational for Invictus, Zimbabwe and Southern Africa, he said.
Participants will be available to meet during dedicated 1:1 meetings with ONHYM and the country’s biggest Project owners, as the event has been tailored to host two full days of non-stop networking for E&P leaders to meet with Moroccan and African players in Marrakech.
“Africa is now for African banks and the Middle East is for Middle Eastern banks. The North Sea is the exception, where there is still an active international bank lending market, although with a reduced number of players lending.”
“We’re confident we can complete by year end. We’ve been through it with the INA deal and hopefully we can be more efficient this time around,” he said.
Jadestone CEO and president Paul Blakeley said Montara had been a “real problem”. The defect in July occurred in a tank that had already been inspected, he explained to Energy Voice.
One of the major reasons flagged by Greenpeace France for its action was the accusation that the FSRU would receive LNG cargoes from the US.
There is scope for further finds in the Llanos Basin licence. Arrow acquired 3D seismic with some “very exciting” results. The company now plans to drill some low-risk exploration wells in 2024 with a second rig, just north of the Carrizales Norte field.
The drilling could inform decisions on another 20 production wells. Expanding the Wassana facility would involve more wellhead and oil processing structures, it said.
BW Offshore has struck a bareboat charter with STAC for two months maximum. After that time, STAC will take full responsibility for the FPSO.
“The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs."
The Offshore Alliance has refused to provide advance warning to Chevron of strike action.
CCS remains pivotal for sectors like cement and steel, which are harder to decarbonise.
As a result of the acquisition, Transocean will own eight of the world’s ultra-deepwater drillships. The Deepwater Aquila can operate in water depths of up to 12,000 feet (3,657 metres).
“Today, ‘QatarEnergy LNG’ carries this legacy forward well into the 21st century helping meet the world’s growing energy demand”, Minister Saad Sherida Al-Kaabi said
Capricorn has warned it is watching the receivables closely. Its capital expenditure plans are “being monitored to match incoming receipts”, it said.
The $9 billion project would aim to produce these fields, through subsea wells, to an FPSO. The facility would be around 150 km off the Suriname coast, with the reserves in water depths ranging from 100 to 1,000 metres.
The precise number of dead is not yet known. Local media have put the figure at 2,000 dead, but thousands are missing. The Red Crescent has said that 10,000 people are missing.
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
“Our business continues to be undervalued because of the perceived debt overhang,” CEO Dhir said.
Reducing the carbon from oil and gas is critical to the energy sector meeting demand, but also to support transition plans around the world.
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
“The platforms command valuable hydrocarbon resources. However, like Snake Island to the west, they can also be used as forward deployment bases, helicopter landing sites, and to position long-range missile systems,” the MoD said.