Sudan conflict risks oil export squeeze
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
Shareholders in HEH include the Buss Group, Fluxys and Dow. The latter owns the land on which the group will build the regas terminal. The terminal will take industrial waste heat from Dow’s projects, allowing it to regasify LNG with minimal emissions.
Amoah said the company had faced “significant challenges” at its project. “We have shown once again our resilience and unflinching commitment to the project."
CGG aims to carry out the work in the 2023-24 summer window, with seismic taking around four or five months to complete.
China could replace Europe as the world’s balancing market, according to Shell’s vice president of energy marketing Steven Hill, speaking at the firm’s LNG outlook earlier this year.
A statement from EarthJustice said the Alaska LNG plan “now has most of the approvals needed for it to move forward. The ultimate fate of the project, however, is far from certain.”
The country attributed increased production to “local Chadian managers who were no longer restrained by ExxonMobil’s pre-exit policies”.
The suit was filed on April 6, the newspaper said. Brown is continuing to act as CEO despite having his immigration status revoked, the case complains.
The Niger-Benin export pipeline will serve to unlock developments in Niger. The line is 75% complete, Savannah reported, and should be fully operational in the fourth quarter of this year.
Oil production from the block could start as early as two years after a deal is signed, Budimbu said.
Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has picked Lloyd’s Register to carry out a concept study on offloading liquefied CO2. Arup will provide support.
The company took the final investment decision (FID) on NFE in February 2021. Adding the NFE and NFS volumes should boost Qatari capacity from 77mn tpy to 126mn tpy.
Nigeria’s emissions are 16 kg of CO2 per barrel and Angola’s 17 kg, while on the shelf they rise to an average of 33 kg.
The first five bidders, named in December, were to build 860 MW of capacity. The ministry was seeking 1,000 MW. The DMRE said the IPP office and the bid adjudication committee had recommended Ngonyama.
On April 3, Sembcorp Marine reported that it had three consecutive years of pre-tax losses. It cut its losses in 2022 by 78% from the previous year, but still reported a full-year loss of S$261 million.
Installation of the subsea production system is under way and Eni aims to begin producing by June this year.
Sonangol has set out plans to restructure its interests in the Paenal yard and create a new operating model.
Shell is believed to have spent around $1.3 billion on the works already. Abadi LNG may cost $19.8bn, of which Shell’s stake would be around $6.3bn.
Invictus Energy has raised A$10 million to fund the next stages of its work in Zimbabwe’s Cabora Bassa Basin.
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”.
The opposition party, the Popular Democratic Movement, called for the government to suspend Mulunga last week. The party also said it would seek a parliamentary investigation “into what appears to be mafia-style corporate governance at Namcor”.
Egypt aims to add 10 GW of renewable power between 2023 and 2028. The Red Sea Wind Energy project is a first step for this.
OUTA also celebrated another success today in its efforts to enforce public transparency. Minister of Finance Enoch Godongwana withdrew an exemption that would have limited disclosures from Eskom. This would cover “any irregular expenditure and fruitless and wasteful expenditure” in its annual statements.
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.
At the time, Petronas president and Group CEO Datuk Tengku Muhammad Taufik said the company shared Sabah’s “aspirations for mutual prosperity even as we both pursue sustainable development”.