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Ed Reed

Americas

Vopak buys into Colombian FSRU

Royal Vopak has bought a 49% stake in Colombia’s LNG import facility, in Cartagena. The company did not disclose how much it paid for the holding, in the statement announcing the move on September 12.

Africa

BW Energy plans Gabon growth

BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.

Africa

NLNG chooses contractor for Train 7

Nigeria LNG (NLNG) has chosen a consortium made up of Saipem, Chiyoda and Daewoo E&C (SCD) to carry out work on the project’s seventh train. The choice of the SCD consortium was set out on September 11 at a ceremony in Abuja, with the signing of a letter of intent (LoI).

Africa

Soco buckles down for Egyptian work

The acquisition of Merlon Petroleum earlier this year has given Soco International a new focus, with new exploration planned in Egypt and neighbouring Israel. As such, the company is planning to change its name, to Pharos Energy.

Africa

TGS, Schlumberger bring Red Sea into focus

TGS and Schlumberger’s WesternGeco are close to finishing 3D seismic reimaging on Egypt’s Red Sea, as a licence round comes to a close in the area. The two companies said the work would cover data from three seismic surveys, covering 3,600 square km, which were acquired between 1999 and 2008.

Australasia

Partners sought to saddle up on Equus

Australia’s Western Gas is seeking partners to bring its Equus LNG project into production by 2024. The company has a plan for gas from the offshore Equus fields to be transported, via a 160 km pipeline, to a floating LNG (FLNG) facility near the shore.

Oil & Gas

Freeport signs up Train 4 financing

Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.