Equinor Declares Impairment at Tanzania LNG Project
Equinor has announced that it has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be … Read More
Tag: LNG
South Africa: Clarity on Petroleum Bill Needed to Drive Growth
By James Chester, Senior Director AOP A lot has changed in the past year. One thing that has remained constant is the state of stasis of South Africa’s new petroleum … Read More
Gas Year 2020 Review: Global Gas Production Exceeded Demand
2020 was a year that hurt demand for all fuels, and natural gas was no exception. As the year concluded, Rystad Energy has analyzed all of the year’s gas-related activity … Read More
MOZAMBIQUE: Resumption of Offshore Drilling Activities in Area 4
After eight months of interruption due to the impact and restrictions of the pandemic at the global level, from January 2021, operator of Area 4 resume drilling and drilling activities … Read More
MOROCCO: Sound Energy Enters into a Letter of Exclusivity & Extension of LNG Heads of Terms in Tendrara Phase 1 Development
Sound Energy has provided an update in relation to the proposed micro liquefied natural gas (mLNG) phase 1 development project for the TE-5 Horst (the Phase 1 Development) at the … Read More
South Africa: ExxonMobil, Vopak sign MoU for a LNG Feasibility Study
Affiliates of Exxon Mobil Corporation (ExxonMobil) and Royal Vopak (Vopak) have signed a Memorandum of Understanding (MOU) to work together on a feasibility study to assess the commercial, technical and … Read More
The UK’s Decision to Halt Funding for New Oil & Gas Projects Ill-founded and Counter productive
The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th anniversary of the Paris Agreement. While this … Read More
African Midstream Operators Withdraw Investment Plans Amid COVID-19 Turmoil
The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also … Read More
EGYPT: Eni, Partners Agree for the restart LNG Plant in Damietta & Settlement of Union Fenosa Gas Disputes
Eni signed today a series of agreements with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish … Read More
Are African Development Bank (AfDB)’s financing policies climate-friendly?
(By Wangeci Migwi, Amy Giliam and Nicole Rodel) With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan … Read More