Taking power to the seas with Karpowership
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
LNG
As gas prices sag, Nigeria plans to export more
Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from the US to Australia are doing.
Missing diplomatic bag not enough to save Egypt
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
Total, Sonatrach extend LNG supplies
Sonatrach and Total have agreed to extend their LNG supply deal for another three years.
ExxonMobil eyes foothold in Vietnam LNG market
ExxonMobil is exploring opportunities to invest in LNG-to-power projects in Vietnam as the country faces chronic electricity shortages and Hanoi welcomes US companies to fix a trade imbalance.
Gas opportunities and challenges in Mozambique
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
Total signs on for Renergen distribution
Renergen has signed a deal on the distribution of its LNG through Total South Africa Proprietary’s service stations.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Sasol cited over Mozambique costs
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Petronas grabs first mover advantage in Myanmar’s LNG market
Malaysia’s Petronas has delivered Myanmar’s first ever LNG cargoes. This marks the emergence of a new consumer for the fuel in the Asia region.
Eni’s Rovuma drilling disrupted
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Mozambique claims rebel leaders killed
Mozambique’s military forces have regained control of Macomia, a town in the northern Cabo Delgado Province around 200 km from the LNG construction site.
Qatar makes multi-billion dollar LNG shipbuilding splash
Qatar Petroleum (QP) has signed the largest shipbuilding contract in history to shore up its LNG growth plans, this is said to account for around 60% of global LNG shipbuilding capacity until the late 2020s.
Plans for ‘crucial’ Shetland renewable energy power link disputed by local campaigners
Plans for a giant power cable linking Shetland to the Scottish mainland are “crucial” to ensure security of the islands long-term energy supply, according to the firm behind the proposal.
Thailand opens up LNG market, eyes regional trade
Thailand is issuing more liquefied natural gas (LNG) import licences as it attempts to liberalise its gas market and position itself as a regional LNG trading hub.
OGA highlights need for North Sea gas as pandemic questions sector’s future
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
Ostroleka u-turn shows Poland’s energy transition is underway
Polish oil refiner PKN Orlen’s announcement that it will only complete the 1 GW Ostroleka power plant if it is fuelled by gas and not coal signals that Poland’s energy transition is underway.
Insecurity in Cameroon derails exploration
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
Uganda-Tanzania pipeline construction planned for 2021
Work on the East Africa Crude Oil Pipeline (EACOP) is expected to begin in April following a final investment decision (FID), according to a budget speech from the Tanzanian Minister of Energy.
Belgium’s nuclear power gamble
Belgium plans to switch off its last nuclear reactors by 2025, an ambitious move that will require significant investments in gas-fired power and renewables.
Ithaca’s Delek under pressure to refinance loans
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Room to run for Renergen
Renergen’s Virginia project in South Africa has some of the hallmarks of a classic small-scale gas production plan, but with the added wrinkle of a shift to helium.
European gas demand under pressure
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.
Egyptian deal falls apart for Eni, Naturgy
A deal that would have seen Eni increase its stake in Egypt’s LNG sector, and Naturgy bow out, has come apart as coronavirus has interfered.
QP signs $3bn LNG carrier deal with Hudong
Qatar Petroleum (QP) has struck a deal on LNG ship construction with Hudong-Zhonghua Shipbuilding Group Co. worth more than 11 billion Qatari riyals ($3.02 billion).