Search results for: Fortuna FLNG

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  • 9 June 2015
    Vessels

    Excelerate Energy has canceled its order for the $2 billion floating liquefaction storage and offloading unit at Samsung Heavy Industries.

  • 9 June 2015
    Vessels

    Excelerate Energy has canceled its order for the $2 billion floating liquefaction storage and offloading unit at Samsung Heavy Industries.

  • 10 March 2016

    London-based Ophir Energy, the developer of the Fortuna FLNG project in Equatorial Guinea, has reported a $376 million pre-tax loss for 2015 due to plunging oil prices and booking impairments against its assets. Following the 34% reduction in the commodity price during the year, the company’s producing and development assets were impaired on a pre-tax basis […]

  • 21 August 2017
    Infrastructure

    Ophir Energy has informed that Gunvor Group has been nominated as the preferred buyer of LNG for offtake from the Fortuna FLNG project, offshore Equatorial Guinea. According to Ophir, principal commercial terms subject to finalizing a Sale and Purchase Agreement (“SPA”) for the offtake ahead of the Final Investment Decision (“FID”) on the Fortuna FLNG […]

  • 12 July 2018

    London-based Ophir Energy has not yet finalized the project finance solution for its Fortuna FLNG project in Equatorial Guinea. 

  • 14 September 2017
    Infrastructure, Project & Tenders

    Ophir Energy, a London-listed oil and gas company, expects to make the final investment decision (FID) on its Fortuna FLNG project in Equatorial Guinea in the fourth quarter of 2017. Ophir said on Thursday in its half-year report that ‘significant’ steps were made in the first half of 2017 towards the FID of the Fortuna […]

  • 29 April 2016

    LNG giant Golar LNG and oilfield services behemoth Schlumberger have reassured the market that today’s break-up in talks between Schlumberger and Ophir Energy over Fortuna FLNG deal, will not affect the framework agreement which has been signed between Golar and Schlumberger. To remind, oil and gas exploration firm Ophir Energy has terminated discussions with Schlumberger regarding […]

  • 15 September 2016

    London-based Ophir Energy on Thursday said its Fortuna FLNG project in Equatorial Guinea is moving forward and the project is “technically ready” for a final investment decision. “The upstream portion of the value chain is technically ready to FID and the downstream, offtake portion is ready for a final Group decision between the competing offtake offers,” […]

  • 21 August 2017
    Project & Tenders

    Swiss trading company Gunvor has been nominated as the preferred LNG buyer for offtake from the Ophir Energy-operated Fortuna FLNG project in Equatorial Guinea. The Ministry of Mines and Hydrocarbons, Ophir, OneLNG, a joint venture between Golar LNG and Schlumberger, and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have agreed with Gunvor the principal commercial terms […]

  • 25 January 2016
    Project & Tenders

    London-based Ophir Energy revealed on Monday it has partnered up with Schlumberger on the Fortuna FLNG project in Equatorial Guinea.

  • 31 May 2018

    Liquefied natural gas shipper, Golar LNG said its OneLNG partner Schlumberger decided to end involvement in Fortuna FLNG project in Equatorial Guinea, resulting in the dissolution of the joint venture. 

  • 16 January 2018

    London-based Ophir Energy expects 2018 production levels to reach approximately 11,500 barrels of oil equivalent per day, similar to production rates of 2017. 

  • 23 November 2017
    Infrastructure, Project & Tenders

    Ophir will most likely not be making a final investment decision for its Fortuna FLNG project in Equatorial Guinea in 2017. Despite its recent claim it still expected the FID of the Fortuna project to be achieved in 4Q 2017, this now seems unrealistic. Namely, the company has now agreed a one-year extension to the […]

  • 2 May 2017
    Project & Tenders, Vessels

    Fortuna FLNG project partners signed an umbrella agreement that establishes the full legal and fiscal framework for what is claimed to be Africa’s first deepwater FLNG project.

  • 2 May 2017
    Business & Finance, Infrastructure

    The Republic of Equatorial Guinea, Ophir Energy, OneLNGSA and La Compañía Nacional De Petróleos De Guinea Ecuatorial (GEPetrol) have signed a detailed umbrella agreement that establishes the full legal and fiscal framework for the Fortuna FLNG project, Africa’s first deepwater FLNG project. Ophir explained on Tuesday that the umbrella agreement reconfirms the participation rights of […]

  • 29 April 2016

    London-based Ophir Energy said on Friday it has terminated discussions with Schlumberger regarding the participation in the Fortuna FLNG project in Equatorial Guinea. The two companies signed in January a non-binding agreement under which Schlumberger would receive a 40% economic interest in the Fortuna FLNG project. Since the January announcement of the non-binding deal with Schlumberger […]

  • 11 November 2015
    Infrastructure

    Ophir Energy has finalized commercial terms and is in the process of signing heads of agreements for LNG offtake from the Fortuna FLNG project in Block R, offshore Equatorial Guinea. In a statement issued on Wednesday, Ophir Energy said that the deal was reached with a shortlisted group of counterparties, “all of which are globally established […]

  • 13 September 2018

    London-based Ophir Energy said on Thursday it has written down the value of its Fortuna FLNG project in Equatorial Guinea by $310 million. The company also said in its half-year report it aims to cut jobs in London and plans to move its headquarters to Asia to lower costs. The Fortuna development suffered a setback in […]

  • 9 July 2015
    Business & Finance, Infrastructure

    Ophir Energy has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea to two contractor consortia, (i) McDermott Marine Construction Ltd and GE Oil & Gas UK Ltd and (ii) Subsea 7 and Aker Solutions. The Upstream FEED will be a competitive process with the […]

  • 9 March 2017

    London-based Ophir Energy on Thursday said it still expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in mid-2017.

  • 9 July 2015
    Operations & Maintenance, Project & Tenders

    Ophir Energy has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea to two contractor consortia, (i) McDermott Marine Construction Ltd and GE Oil & Gas UK Ltd and (ii) Subsea 7 and Aker Solutions. The Upstream FEED will be a competitive process with the […]

  • 13 December 2015

    LNG Canada starts preparation work at Kitimat site Shell-led LNG Canada said it began preparation work at the project’s site in Kitimat last week. Shell starts construction of LNG bunker vessel Gas and oil giant Shell informed that STX Offshore & Shipbuilding has kicked off the construction of the specialized LNG bunker vessel with a […]