Africa Oil sets out company transformation via the Orange Basin
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Harbour will emerge with “stronger credit, we expect to reach investment grade credit on completion, which will give us access to lower-cost capital for future growth”.
Angola's bold move could be the harbinger of a more dynamic global order, where size does not dictate influence or relevance.
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
“While multiple technologies will play a role in Singapore's energy transition, solar energy will likely take centre stage in the near term,” said Tan.
“The critiques are continuing so we don’t move,” Nankabirwa said. “I’m not worried, I am just annoyed”, the minister said in reference to criticism from environmental NGOs. “Uganda is a sovereign state, you cannot dictate to us. I pray I don’t come across such people.”
It intends to acquire 3D streamer seismic in addition to ocean bottom node (OBN) data. The latter provides “cleaner” data than that gathered by traditional seismic.
Afentra CEO Paul McDade said the company was committed to working in Angola. The next step involves negotiating licences with ANPG.
Wison New Energies country manager in Nigeria Fan Jian said the company was “confident that our FLNG EPCIC experience will guarantee a successful and efficient delivery. We are excited about advancing to the next stage in the near future.”
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.
"We are very disappointed that we could not reach agreement with United Energy Egypt to sell the Abu Sennan concession,” said United CEO Brian Larkin.
The two companies already work together on the adjacent Sarsang block, where HKN is operator. “We look forward to working together at Atrush to realise significant synergies on both blocks.”
The two states will “remain vigilant” in the operational, economic and financial support, in partnership with BP and Kosmos Energy.
"We see energy islands as a key tool in solving this challenge and realizing the ambitious offshore wind targets across the globe.”
The LIA said the work was “one of the largest exploratory projects” in Libya, with exploration on- and offshore. A and B are onshore, while C is offshore.
M&A remains an important means for oil and gas companies to access new reserves and opportunities, despite the challenges.
Once the government has made a decision, the “top-ranked contender will undertake an Environmental and Social Impact Assessment [ESIA] at Crab Island for a facility designed to process at least 30,000 bpd,” Singh said.
“As we continue to optimise our portfolio, we look forward to enhancing our position as the leading independent gas-focused exploration, development and production company in the region." Energean plans to spend $400-500 million this year.
The project “highlights our commitment to providing our customers with innovative solutions for reliable and low carbon energy”, Buffon said.
Cutting exploration spending, it warned, would run down reserves and have an impact on exports. Such a move “increases the risk of shortages and violates national energy security”.
"Set to become one of the largest offshore CCS projects in the world, the Kasawari CCS award showcases the valuable role we have in supporting our clients through the energy transition," said Mahesh Swaminathan, McDermott's senior vice president, subsea and floating facilities.
The company went on to note that installation followed rigorous testing, resulting in Total qualifying the TCP jumper for permanent subsea applications.
“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta”, said Shell integrated gas and upstream director Zoë Yujnovich.
NNPC head Mele Kyari said the Port Harcourt project would deliver “value to Nigerians”. With the first phase completed, the company will “get the other plants running in 2024”.