LNG

Africa Oil Corp., a Canadian energy company based in Vancouver and with producing and development assets in deep water Nigeria, has signed production-sharing contracts with LNG potential offshore Equatorial Guinea in West Africa.

Marathon Oil Corp., the shareholder in Equatorial Guinea LNG in West Africa, has agreed to acquire natural gas assets in the US from private equity-backed firm Ensign Natural Resources for $3 billion in cash to almost double its position in the Eagle Ford shale basin of South Texas.

A ceremony took place on November 6 at the Negishi LNG terminal in Yokohama City involving the four companies involved in the delivery and unloading 50 years ago of the first cargo shipped to Japan from Alaska onboard the “Polar Alaska” carrier.

Keane Group Inc. and C&J Energy Services, two Houston-based oil and gas services companies, have agreed to combine their completions and production services operations such as hydraulic fracturing in shale basins and workover rigs in an all-stock merger valued at about $1.8 billion.

Cheniere Energy, owner of the Sabine Pass and Corpus Christi LNG export plants on the US Gulf Coast, has given notice to proceed to builders of the Midship Pipeline project to enable transportation of feed-gas and domestic volumes from the prolific Anadarko Basin in Oklahoma to the Gulf Coast.

Ophir Energy, the UK-based energy company and stakeholder in the Equatorial Guinea floating liquefied natural gas project offshore West Africa, said Chief Executive Nicholas Cooper was leaving the company amid delays in taking the FLNG joint venture to a final investment decision.

Marathon Oil Corp. and its partners said they signed an agreement with the Government of Equatorial Guinea and third parties to establish the framework for processing natural gas volumes at the onshore liquefaction plant at Punta Europa on Bioko Island.

Marathon Oil said the onshore Equatorial Guinea liquefaction and export plant on Bioko Island produced 5,541 tonnes of LNG per day during the first quarter amid planned maintenance activities as it reiterated its openness to offers of third-party feed-gas volumes.

March 2 (LNGJ) - French energy company Total has paid $450 million to Marathon Oil for its stake of just over 16 percent in the Waha concessions in Libya, a former LNG producer whose liquefaction plant was partially destroyed in its civil war. “This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50,000 barrels of oil equivalent per day and a significant exploration potential across the area of 53,000 square kilometres covered by the concessions in the prolific Sirte Basin,” said Total. The Libyan LNG plant was shut down in February 2011 as a result of damage sustained during the conflict and repairs were never carried out.

Andeavor, the Texas-based energy and refining company, has acquired the Alaskan small Kenai liquefaction and export plant that was closed by previous owners ConocoPhillips in 2016 after shipping cargoes to Japan for more than 40 years.