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Eq Guinea Signs MoU with Burkina Faso
Equatorial Guinea’s ministry of mines and hydrocarbons announced September 17 the signature of a memo of understanding (MoU) with the Burkina Faso government for the supply…
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Losses Rise but Ophir Sees Fortuna FID in 2017
UK-based independent Ophir Energy on September 14 reported a first half 2017 loss of $84.6mn, up from $48.4mn in the same period last year. This year included $23.7mn for…
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Lossmaker Golar Enters Key FLNG Stage
Ship operator and projects developer Golar LNG remains loss-making as it enters the final months ahead of launch of its first floating liquefaction project, which will be…
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Ghana, Eq Guinea Sign LNG Accord
Equatorial Guinea has signed a memorandum of understanding (MoU) with Ghana for LNG supplies. According to the government-to-government agreement signed August 23, Equatorial…
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Ghana Eyes EquatoGuinean LNG
Ghana’s president Nana Akufo-Addo, who started on a three-day visit to Equatorial Guinea on August 21, plans to sign a five-year agreement to import LNG from that country…
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Trader Buys all LNG from Ophir Project
The host government of Equatorial Guinea and the Fortuna LNG project partners have picked the commodities trader Gunvor as the buyer of the plant's output, operator Ophir said…
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Ophir Insists Fortuna FID will be By End 2017
UK independent Ophir Energy has announced belt-tightening measures out to 2020 as it prioritises its Fortuna floating liquefaction project offshore West Africa and expansion of…
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Fortuna FLNG Offtaker Shortlist Unveiled
Equatorial Guinea's ministry of mines and hydrocarbons said June 5 in Cape Town that it has shortlisted three offtakers for the Fortuna floating liquefaction (FLNG) project,…
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Exxon Awarded EG Block (Updates with 6 Licence Round Awards)
ExxonMobil said June 5 it has signed a production sharing contract for a deepwater block offshore the West African state of Equatorial Guinea, giving no details of any signature…
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Noble Posts Record 1Q Israel Sales
US independent Noble Energy said May 1 that 1Q US and Israel production volumes were “all at or exceeding the top end of its guidance.” Elsewhere in the Near East,…
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Fortuna FLNG Fiscal Terms Executed
The legal and fiscal framework for the Fortuna floating LNG project offshore West Africa was announced May 2 by UK-listed independent Ophir Energy. Ophir said that it,…
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Ophir Targets Mid-2017 for Fortuna FID
A final investment decision for the Fortuna floating liquefaction (FLNG) project offshore the West African nation of Equatorial Guinea is “on track for mid-2017”,…
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Golar LNG Rues Ghana Project
Golar LNG February 28 reported 4Q 2016 net loss of $13.7mn, up from $23.9mn loss in 3Q. Pre-tax operating losses (Ebitda) however increased from $11.3mn in 3Q to $15.9mn in…
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Marathon 4Q Net Loss Mounts to $1.73bn
Marathon Oil late February 15 reported a full year 2016 loss of $2.14bn, little changed from its 2015 loss of $2.2bn. Adjusted net 2016 loss was $693mn. "Despite challenging…
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Ophir Says Fortuna FID now '1H 2017'
UK-based Ophir Energy said that its Fortuna floating liquefaction (FLNG) project offshore Equatorial Guinea “remains firmly on schedule for a final investment decision in…
