News / International
Mozambique to Launch Oil, Gas Bid
Mozambique will hold its sixth round of oil and gas licensing round late in 2017 or in 2018. Additionally, the government awarded six licenses to search for oil and gas, with the potential to drum up about $700m in investments until 2020.
Nigeria to Invest in Gas
Nigeria currently possesses the capacity to create about $51b opportunities in the midstream and downstream gas sector. The country also plans to establish an independent agency to control the gas industry.
Total to Produce Oil Offshore Congo in 2017
Total expects first production from Congo Republic's offshore Moho Nord field to add an extra 100,000b/d when it starts early 2017.
Iran to Expand LNG Facilities
Iran plans to establish a floating LNG units with 10mt in annual production capacity and building smaller LNG production units which has been put on the agenda within mini-LNG and FLNG projects. Kuwait Boosted Oil Exports to Japan
Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.
Seoul to Invest $27b in Oman Energy
Oman agreed to allow South Korean companies to participate in the country's large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b.
Tullow to Explore S. Lokichar field
Tullow Oil will restart exploration and appraisal drilling at Kenya's prolific South Lokichar field in December where it saw an upside potential of over 1b barrels of recoverable oil. Eni to Decide on Mozambique’s LNG Project
Eni said a final investment decision is expected from partners on Mozambique's deep-water Coral South floating liquefied natural gas project by December, with production starting five years later.
