Tagged Tanzania

Equinor slashes Tanzania LNG value by $982 million

By Adnan Bajic Norwegian energy giant Equinor has decided to write down the value of its Tanzania LNG project on the company’s balance sheet by $982 million. The post Equinor slashes Tanzania LNG value by $982 million appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News

Medco expected to complete Ophir buy next week

By Offshore Energy Today The impending acquisition of Ophir Energy by Indonesia’s Medco is expected to close on May 17, as relevant approvals have been received in Tanzania. As previously reported, the two companies had on… … Read Full Article Here For more great articles: Offshore Energy Today

Ocean Rig drillship to work for Statoil off Tanzania

By _Offshore_Energy_Today_ Ocean Rig, an international offshore driller, has signed a drilling contract with Statoil for a one-well drilling program offshore Tanzania. Ocean Rig said on Friday that the contract was expected to begin in the first quarter of 2018. The company added that the drilling operations would be performed by the Ocean Rig Poseidon…

DW: Will demand for local content undermine cost cuts drive?

By Offshore Energy Today.. Brazil and Tanzania are two countries at very different stages of oil and gas development, Douglas-Westwood said in its DW Monday report. Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising discoveries by majors including…

Agreement on Tanzanian LNG project to be reached by 2018

By LNG World News An agreement between the Tanzanian government and the international majors looking to build a US$30 billion LNG export project, could be reached in 2018. Talks on the host government agreement began in September 2016 and the negotiations are expected to last a year and a half, Kapuulya Musomba, the acting managing…