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.
The convertible notes fully fund Sound’s capital requirements until the end of the year. Sound launched a farm-out process in August 2022.
“The appointment of such a heavy-weight candidate reflects Afentra’s strong ambition to build a material and credible player within the African energy sector as we seek to play an important role in a responsible energy transition across the continent.”
“We are planning to fast track the first exploration well on Buenos Ayres within the next 12-18 months, subject to acquiring environmental approvals.”
According to the Joint Typhoon Warning Center, Biparjoy is a cyclonic storm that risks damaging winds, "heavy rainfall, storm surge, rough seas, mudslides, and flash flooding".
Tullow expects the operator to carry out new drilling in 2025. The plans is for seven infill wells, two producers on West Espoir and two producers and three injectors on East Espoir.
"Upon completion, the new facility is set to create over 100 job opportunities for technicians and workers, thereby contributing to the local employment landscape," he said.
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.