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Two years after the vast call for tenders launched with great pomp by the Instituto Nacional de Petroleo (INP), the majors that had been awarded a block have become completely disillusioned with the whole affair. [...]
According to our sources, the project to launch a FLNG on block 4 of the Coral field will be signed [...]
The FNLG project appears to be on the right track. The last hurdle now is to jump across to Beijing before the final investment decision is made. [...]
In the wake of Deloitte’s refusal to validate Addax Petroleum’s 2015 accounts at the end of last year due to serious question marks over certain transactions (AEI 788), the Swiss judicial authorities have muscled into the matter and arrested Addax’s [. [...]
With ENI yet to announce its investment decision concerning the Coral field the authorities are stepping up talks with investors to move ahead faster with gas projects. [...]
ENI’s FLNG is expected to quickly win the approval of all partners on block 4. But the role of CNPC and Exxon still a shade uncertain. [...]
Over the summer a flurry of top-level meetings in Maputo and Beijing handed out roles between ExxonMobil, ENI and CNPC in developing the highly prolific block 4. The one remaining question concerns funding the giant project and it still hangs [. [...]
Two years after new president Xi Jinping took power, the relative freedom enjoyed by the management of affiliates of Sinopec, CNPC and CNOOC appears to have vanished. Indeed, the ousting of top aides at CNPC and Sinopec clearly signals that [. [...]
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