Tullow Oil Losses Soar to $1.69B for 2019
Irish explorer Tullow Oil has announced that it has recorded a $1.694B in loss after tax for the year ended 31st December 2019. According to the company it has undertaken … Read More
Tag: FID
The Mozambican Gas Promise and Why It Epitomizes the African Dream
It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and … Read More
African Development Bank approves $400 million to support Mozambique’s ambition to become global Liquefied Natural Gas (LNG) player
The African Development Bank Group has approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility … Read More
PROJECT OIL KENYA TO TARGET AN INITIAL PRODUCTION OF 72,000BOPD
The Project Oil Kenya will target 72,000bopd to produce oil from the Ngamia, Amosing and Twiga fields with an estimated resource of 226mmbo (2c gross) during the foundation stage putting … Read More
Agreements Over Land Title & Water Supply Key to Reaching Lokichar FID By End of 2019 – Tullow Oil
KENYA Block 10BB and 13T operator Tullow Oil has listed concluding agreements over land title and water supply with the Government of Kenya as among the key tasks that the … Read More
Anadarko Allocates $200M Towards Mozambique LNG Project
Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately $200 million toward its LNG project, pre FID (final investment decision), for its’s portion of the costs … Read More
FEED Contract for South Lokichar To Be Awarded by May
Tullow Oil has announced that the upstream baseline data collection for the environmental and social impact assessment (ESIA) has commenced and the front end engineering design (FEED) contract is expected … Read More
New Assessment of Resources in South Lokichar Shows 25% lower Than Reported
A new full assessment of all the exploration and appraisal data, Tullow estimates that the South Lokichar basin contains the following recoverable resources 560mmbo 2C down from 766mmbo reported earlier … Read More
Uganda, AGRC consortium Start Talks To Develop A Greenfield Oil Refinery
The Government of Uganda has announced that it has agreed core project terms for the Uganda Refinery Project with the Albertine Graben Refinery Consortium (AGRC) for the development of a … Read More
Anadarko Finalizes Marine Concessions with Mozambique for Offshore Area 1 project
Anadarko Petroleum has announced that it had finalized two agreements with the Government of Mozambique – together known as the “marine concessions” – which would allow it to design, build and operate the … Read More