Page 40 - Floating Storage News Today

BOPD in Q1 2021, up 11% from the fourth quarter of 2020; Closed the transformational acquisition of Sasol’s working interest in the Etame field offshore Gabon (the “Sasol Acquisition”) on February 25, 2021; Announced the signing of a non-binding Letter of Intent (“LOI”) for a new Floating Storage and Offloading unit (“FSO”) with Omni Offshore Terminals Pte Ltd (“Omni”) at the Etame field; Proposal could reduce VAALCO’s operating costs by 15% to 25% when compared to the c...

/PRNewswire/ -- Global sustainable energy developer Invenergy and global liquefied natural gas (LNG) solutions provider BW LNG today announced that they...

VAALCO Enters Into Additional Crude Oil Derivative Contracts HOUSTON, May 11, 2021 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.  The Company is hedging a majority of ...

Ben Romney / Kelsey Traynor / James Husband Forward Looking Statements This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may o...

WTI Oil US$64.3/bbl vs US$65.3/bbl yesterday Natural Gas US$2.91/mmbtu vs US$2.93/mmbtu yesterday   Oil Price News  Money managers continue to take a bullish stance in oil futures and options contracts, estimating that oil prices will increase later this year as economies reopen and travel and fuel demand rise In the week to 4 May, hedge funds bought the equivalent of 40MMbbls in both Brent and WTI according to Reuters This was the fourth week in a row in which portfolio managers have added l...

  HOUSTON - May 11, 2021 - VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through   The Company is hedging a majority of its 2021 production volumes to protect cash flows which are expected to be used to fund the 2021/2022 drilling program of up to four well...

IN BRIEF: Vaalco enters into additional crude oil derivative contract Tue, 11th May 2021 20:28 Vaalco Energy Inc - Houston, Texas-based oil and gas firm - Says it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a dated Brent crude weighted average price of USD66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis. Company says is hedging a majority of its 2021 production volumes to pro...

  This document includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements.  These st...

MCB bankrolls use of floating LNG power plant in Senegal MCB bankrolls use of floating LNG power plant in Senegal Modified date: The Mauritius Commercial Bank (MCB) is providing financial support for the use of floating an LNG power plant in Senegal. Particularly, the East African country’s bank has granted US$ 60M participation in the syndicated project finance facility of US$ 140M to Karpowership, an inventor of modern Powerships. The finance facility will enable the İstanbul, Turkey,...

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