Exxon Mobil Corp. is pulling out of a deep-water oil prospect in Ghana just two years after the west African nation ratified an exploration and production agreement with the U.S. oil titan.
(Bloomberg) Exxon Mobil Corp. is pulling out of a deep-water oil prospect in Ghana just two years after the west African nation ratified an exploration and production agreement with the U.S. oil titan.
The company relinquished the entirety of its stake in the Deepwater Cape Three Points block and resigned as its operator after fulfilling its contractual obligations during the initial exploration period, according to a letter to Ghana’s government seen by Bloomberg and people familiar with the matter, who asked not to be named because the information isn’t public.
Exxon Mobil is pulling out of a deep-water oil prospect in Ghana just two years after the west African nation ratified an exploration and production agreement with the U.S. oil titan.
Ghanaâs Tema LNG terminal to get first cargo
by Sanja Pekic
Tema LNG terminal in Ghana, the first offshore LNG receiving terminal in sub-Saharan Africa, is expecting to receive its first LNG cargo at the end of May.
Tema LNG, consisting of separate regasification and storage vessels, is backed by Helios Investment Partners and Africa Infrastructure Investment Managers (AIIM).
The long-term supply deal between Royal Dutch Shell and Ghana National Petroleum Corp supports the project.
The project is ready for operations and is currently awaiting an agreement between Shell and Ghana National Petroleum Corp on the first delivery date, Platts reports.
by Bloomberg
|Friday, January 08, 2021
Ghana is set to open sub-Saharan Africa s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
(Bloomberg) Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
LNG-to-power projects have been booming from Asian to Latin American in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
Ghana to Open Sub-Saharan Africa’s First LNG-to-Power Plant With China-Made Equipment
(Bloomberg) Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power plant as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
LNG-to-power projects have been booming from Asian to Latin American in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
Tema LNG Terminal Co. received the floating regasification unit from Jiangnan, China on Wednesday, paving the way for the supply of 1.7 million tons of natural gas per year for power generation sometime this quarter, Edmund Agyeman-Duah, project manager at the company, said.