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The government of Mozambique has approved the development plan for the Rovuma LNG project led by Exxon and Eni. Two liquefied natural gas trains are planned with a combined annual capacity of over 15 million tons. The project is designed to produce, liquefy and market natural gas from three reservoirs of the Mamba complex located …
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Fourth discovery in 18 months By Sully Manope ENI’s new light oil discovery in Block 15/06, is the fourth in Angola’s deep offshore in the last 18 months. Ndungu-1, located a few kilometers from the company’s West Hub facilities, is estimated to contain up to 250Million barrels of light oil in place, with further …
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Offshore drilling company Vantage Drilling International saw its net loss deepen in the first quarter of 2019. Vantage’s Tungsten Explorer; Author: SP MacThe company on Thursday reported a net loss attributable to controlling interest of $47.9 million for the first quarter 2019, compared to a net loss attributable to controlling interest of $32.1 million in the …
Italian oil and gas company Eni has made a gas and condensate discovery in CTP-Block 4, offshore Ghana. Maersk Voyager; Source: Maersk DrillingThe well, drilled on the Akoma exploration prospect, proved an estimated volume between 550 and 650 bcf of gas and 18-20 mmbbl of condensate, Eni informed on Thursday. The discovery has further additional …
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by Valerie Jones Rigzone Staff The nation dropped two oil rigs this week, while the gas rig count remained flat. The U.S. dropped two oil rigs this week, according to weekly data from Baker Hughes, a GE Company. The gas rig count remained flat this week, making the nation’s overall total rig count 988. This …
by Andreas Exarheas Rigzone Staff Occidental has entered into an agreement to buy Anadarko. Occidental Petroleum Corporation has entered into a definitive agreement to acquire Anadarko Petroleum Corporation. The deal, which is for $59 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, is valued at $57 billion, including …
Servicing of the $1.2Billion (2.409tri/-) debt procured for the construction of gas pipelines and power plants in the country is the major cause of the three consecutive year loss by Tanzania Petroleum Development Corporation (TPDC). Kapuulya Musomba, acting Managing Director of TPDC, says “the mega investment” made by the government to increase natural gas …
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By Njoroge Karoo, in Nairobi Private producers of natural gas for Tanzania’s domestic market are applauding the state energy firms for timeous payment of their receivables. Canada headquartered Wentworth Resources, a member of the consortium producing Mnazi Bay Concession, reports that “Monthly payments in January and February 2019 for gas sales generated from the …
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The construction stage of the Train 7 of the Nigerian Liquefied Natural Gas is anticipated to provide over 10,000 jobs and “stimulate capacity building of local industries along the LNG value chain”, according to Tony Attah, CEO NLNG Ltd. Simbi Wabote, Executive Secretary National Content Development Monitoring Board (NCDMB), said “the expected job explosion from …
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By Fred Akanni, Editor in Chief Chevron Corporation will not take over Anadarko, after all. The American super major announced yesterday that, under the terms of its previously announced Merger Agreement with the company, it will not make a counter proposal and will allow the four-day match period to expire. “Accordingly, Chevron anticipates that …
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