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The project will initially develop the Tortue discovery; however, there are several other smaller discoveries and more than a dozen prospects nearby that could add upside to this Atlantic Margin presalt play.
The ship is scheduled for integration of its six topsides at Tarkwa Bay in Lagos, Nigeria. Failing to reach an agreement with the NPA would reduce Nigerian content in the project and erode confidence about its viability.
ENI and Mellitah Oil and Gas will award a contract for the gas gathering system for the Bahr Essalam phase 2 development in Block NC41 offshore Libya before year-end.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
Australia's Sunbird Energy expected to make final decisions for South Africa.
BP has agreed to buy 10% of Eni’s Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market.
Italian oil firm Eni has wrapped up long-running talks to sell a multibillion-dollar stake in its planned Mozambique LNG development to Exxon Mobil, two sources with knowledge of the matter said.
Equatorial Guinea has short-listed Royal Dutch Shell and oil traders Gunvor and Vitol for an offtake agreement at its Fortuna floating LNG export terminal and expects to make a final decision by August, its oil minister said June 5.
Eni can move to the next stage of its development of the Coral discovery in Area 4 offshore Mozambique after the plan of development was approved by the country’s government.
Ophir Energy, busy pushing on with its pioneering Fortuna FLNG Block R project offshore Equatorial Guinea, expects to have farm-in deals done with potential new partners before it takes a final investment decision mid-2016.
Nigeria’s senate will debate a long-awaited oil industry reform bill after receiving the draft law on April 6, the latest step in efforts to overhaul the energy sector in Africa’s largest economy.
Somalia looks more likely to strike oil than gas in its long pursuit of offshore riches, making it easier for the African state to exploit any windfall but also potentially upsetting the fragile recovery led by its Western-backed government.
Continued exploration efforts, undeterred by a crippling downturn, have led Exxon Mobil Corp. to potential recoverable resources of up to 1 Bbbl of oil offshore Nigeria nearly 3 km (2 miles) below the seafloor.
An issue with the turret bearing of the FPSO Kwame Nkrumah that is operating on the Tullow Oil-operated Jubilee oil field development offshore Ghana “has resulted in the need to implement new operating and offtake procedures.”
OneSubsea has been awarded a $170 million engineering, procurement and construction contract from Petrobel for the first stage of the Zohr gas field, located in the Shorouk Concession, offshore Egypt.
BP and the Egyptian Natural Gas Holding Co. (EGAS) have sanctioned the development of the Atoll Phase One project.