Batten down the hatches, it’s voting time in Nigeria
However, a number of election polls have suggested surprising support for Peter Obi, of the Labour Party.
However, a number of election polls have suggested surprising support for Peter Obi, of the Labour Party.
The offer runs until March 1. It covers around 4% of the shares in the company. It will raise $1.9 to 2 billion. The price values Adnoc Gas at $47 to 50.8bn.
“We’ve started closing the taps and that doesn’t make you any friends. There’s a long list of people” who might have wanted to kill him, de Ruyter said.
“In my speech, I am suggesting that greater transparency of contracts post IPO, can be demanded by minority shareholders and this will then spur improvements to overall corporate governance,” he said.
Wentworth held its vote yesterday, with 75.26% of shares voted in favour of the scheme. The deal required 75% approval.
Sawan chose to cut the size of the executive committee in January, from nine members to seven.
Upgrade work and maintenance will begin on the Exalo Rig 202 in April, following the end of the wet season.
Shell Ventures principal Bilal Ahmad said he saw more opportunity in “clean energy than I see in oil and gas. As a venture fund, we’ve ceased investing in oil and gas. It doesn’t make sense, from a returns perspective.”
“The combination of low fees and increasing costs mean we estimate unlevered internal rates of return (IRRs) as low as 5-6% for some projects. Based on these returns, some projects are finding it challenging to secure finance, particularly via equity raises,” said Harrison.
Internal combustion engines are being phased out over the next few years. However, the transition to EVs will require new ways of thinking, from regulators, from companies and even from drivers.
"We urge Standard Bank and SMBC to reconsider their involvement in the East African Crude Oil Pipeline,” said Baraka Lenga, climate change activist based in Tanzania.
The government has said it is keen to establish – with Eskom, Treasury and the Department of Public Enterprises – a means to build new transmission infrastructure. This would allow more private sector participation in transmission, it said.
The plan, he said, would not be “to appraise everything”. Instead, the partners in the block would “accelerate the time to market … if we have the chance to really confirm the volumes which seems to have been discovered, there will be room to make fast track developments, like we did on Block 17, 25 years ago.”
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
The Israeli company has also talked about building a third gathering line at Leviathan, with a final investment decision (FID) due early this year.
While work in C2 is just beginning, the MPME said Shell was planning to drill another licence in the coastal area before the end of 2023.
While drilling is ahead of schedule in Mozambique, gas production was 2% lower, Sasol said. This is “due to reduced demand from our own operations and the external market largely due to the ongoing power outages”.
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.
QE currently manages the marketing and sale of all Qatar's exported products, bar LNG and Helium.
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids – primarily water and condensate – and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
Past drilling on the block has suggested there is potential, with an “extensive prospect inventory” within tie-back distance to Ceiba and the Okume complex.
Africa Oil said the block contains a number of gas-prone prospects in water depths of less than 80 metres. Crucially, it is close to existing infrastructure, including the Alba gas field and the Punta Europa LNG plant.
The company went on to say there may be opportunities in future to take emissions from other sources, such as fertiliser producers.
Where Vito has led, Shell’s Whale will follow. The company reached FID on Whale in 2021 and it is due to begin producing in 2024.