First US LNG FID of the year with Venture Global
“Our team will continue to deliver on our mission to bring more clean, low-cost US LNG to the global market in the coming years to support the world’s rapidly growing demand for energy.”
“Our team will continue to deliver on our mission to bring more clean, low-cost US LNG to the global market in the coming years to support the world’s rapidly growing demand for energy.”
The government made the Round 5 awards in October 2021. Red Rocket reached financial close on the plans in November 2022. Absa and Standard Bank were mandated lead arrangers for the project financing.
The company won the work on the basis of generating emergency power. However, the contract would have seen Eskom commit to a 20-year purchase agreement. There has been widespread criticism of the way in which the government awarded the contracts.
“[Jera] are interested in whether there is a way to drop products such as hydrogen and ammonia into the LNG value chain,” said Jeff Gustavson, president of Chevron New Energies.
The facility will process 150,000 barrels per day of condensate, producing 2.3 million tonnes per year pf aromatics. It will produce 50,000 tpy of hydrogen.
“My sense of Mozambique’s natural gas assets is that it can play an important role for the global transition,” she said.
The court based its order on allegations around various actions taken by Brown. He organised a site visit for shareholders, cancelled some landscape and catering contracts and introduced a new job performance rating.
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
The UN has raised $95 million for the work, of which it has received $75mn. Work in the emergency phase is budgeted at $129mn.
This is an opportunity missed. Geothermal avoids the intermittency challenges that solar and wind power bring. However, “it's very regional, it's very cost intensive up front and the [return on investment] is a bit extended. However, once successfully online, it’s is good to go.”
“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
The number of spills fell in 2022, in part because of the shut down of exports through the Trans Niger Pipeline (TNP). The TNP runs to the Bonny terminal.
Energean approved the plan in January 2021. As such, the time it took from final investment decision (FID) to first gas is two years and two months.
The company said media reports had been “clearly calculated to spread false information”. Seplat will work with the ministry to tackle the allegations, it said.
Dolphin Drilling said the minimum term contract carried an effective dayrate of $325,000 including mobilisation.
Infinity Power's Mansour said the project would provide "clean renewable energy to the region and the "entire continent of Africa".
In Cote d’Ivoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Phase 2 will cost $1.16 billion over the next three years, with the company aiming to reach commercial operations by 2026.
“We remain fully focused on taking the Anchois project to first gas in a way that can continually grow the resource and project scale and help unlock the basin scale potential that we see across our licence area."
The report went on to say the attack required experienced divers who may have received “specialised government training” at some point.
Eni had hoped to drill off Mozambique in 2020 but COVID-19 interrupted plans, Esgian analyst Matthew Donovan said.
The immediate priority is to “turn around the performance of existing power stations and stabilize our energy supply, whilst adding new capacity to the grid”, Ramokgopa said.
“The Marape-Rosso government places high priority on the delivery of Papua LNG project, we have an improved deal for our people, and improved contribution of our national contractors and work force.”
“It is not related to Aker Energy, and the decision has no implication for Aker Energys plans in Ghana,” he said.