#Ghana #Jubilee #Kosmos #TEN #Tull...
Wednesday, 25 July 2018
Wednesday, 18 July 2018
Trump administration hampers US oil
Plains All American Pipeline company has been denied a request for an exemption from steel import tariffs. This will hit plans to build much needed takeaway capacity for the evacuation of oil from the Permian Basin. The capacity bottleneck has already manifested in large discounts for Midland-Permian crude which is trading at a discount of c.USD12/bbl to WTI.
Plains sought an exemption for high-grade steel from Greece for its 585mbopd Cactus...
Tuesday, 17 July 2018
Kosmos hit by rig contract as dry hole is announced in Suriname
Kosmos could be liable for a share of the onerous contract in Ghana entered into by Tullow Oil, operator of the Jubilee and TEN fields. This could equate to over USD100 million for Kosmos which would wipe out Q2 2018 revenues and earnings since the beginning of the year.
Tullow, on behalf of the field partners entered into a long-term rig contract for the West Leo rig in 2012 for work in the Jubilee and TEN area. In 2016, Tullow declared force...
Monday, 16 July 2018
The nonsense of releasing US Strategic Petroleum Reserves
Trump is on a mission to contain oil prices and has been sending strong tweets and messages blaming OPEC and supposed ally Saudi Arabia for the current levels of “high” oil prices. The Trump administration’s policies are in complete dissonance as tampering with the Iranian sanctions is a key cause of the tightening of global oil supply and strong noises around US energy independence is in complete opposition to Trump asking OPEC to pump more oil,...
Thursday, 12 July 2018
Ophir lost in space
Ophir’s Equatorial Guinea Fortuna FLNG project faces further uncertainty as the government threatens to pass the Block R licence which contains the gas field to another company in December when it expires. It has given Ophir an ultimatum to present a firm financing plan and progress the FLNG project.
The FLNG concept is still relatively new technology and together with the geography, Ophir has found it challenging to raise bank financing or...
Friday, 6 July 2018
Karish and Tanin to supply Cyprus
Energean announced earlier this month that it is seeking approval to build a pipeline from its Karish and Tanin fields to the shores of Cyprus from the Cypriot government. The company has already contracted 4.2bcm p.a. from its fields with Israeli buyers and is progressing with further gas supply contracts. The Karish and Tanin project has already been sanctioned, so further supply contracts are not necessary for FID but will strengthen the commercialisation...
Subscribe to:
Posts (Atom)
