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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…
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Paris Trial of EG Dictator's Son Postponed
The Paris correctional court decided January 4 to postpone the trial of Teodorin Obiang, son of Equatorial Guinean dictator Teodoro Obiang Nguema and himself a vice-president…
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Golar LNG Terminal in Ghanaian Limbo
Golar LNG has admitted that its floating LNG import terminal (FSRU) has been anchored offshore Ghana since May with no guarantee it will dock soon. The vessel had been expected…
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Sterling Cedes Cameroon, Renews Somali Block (Update)
Updates with details of Somaliland licence, which were released after initial report was published London-listed Africa explorer Sterling Energy said August 5 it has issued a…
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Golar, Schlumberger Form OneLNG JV
Six months after signalling their plans to do so, Golar LNG and Schlumberger announced July 25 the creation of a joint venture, OneLNG, to “rapidly” develop low-co…
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China Building 10% of Sub-Saharan Power Capacity: IEA
Chinese companies have invested substantially in Africa, accounting for 30% of the region’s capacity additions in the last five years, and they continue to develop the…
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Marathon Starts Eq.Guinea Gas Platform
Marathon Oil said July 14 it achieved first gas production through its new Alba B3 compression platform off Equatorial Guinea, West Africa. "The Alba B3 compression project will…
