Kosmos Energy, a shareholder in the floating liquefied natural gas projects offshore Senegal and Mauritania in West Africa and other regional oil and gas ventures in Ghana and Equatorial Guinea, swung to a fourth-quarter profit from a previous loss and reported good progress on the FLNG development alongside UK major BP and advances in the additional Yakaar-Teranga LNG proposal.
BP said its US subsidiary Archaea Energy has started up its first Archaea Modular Design (AMD) renewable natural gas plant in Medora in Indiana following the $4-billion acquisition a year ago of the bio-natural gas fuel player.
Italian energy company Eni has signed a contract with China’s Wison Heavy Industry shipyard for the construction and installation of a floating liquefied natural gas production unit offshore the Republic of Congo and the second proposed FLNG venture for the West African nation.
Golar LNG Ltd, which still has 25 owned or operated vessels in its fleet, reported a profit in a hectic first quarter that saw the departure of its Chief Executive Iain Ross, the sale of US unit Golar LNG Partners to New Fortress Energy, along with Golar’s half share in the Hygo Energy Transition business in Brazil.
Nigeria’s Department of Petroleum Resources (DPR) has awarded a licence for a project to establish the West African nation’s first floating liquefied natural gas production plant and run by a Nigerian oil and gas company rather than an international energy major.
TechnipFMC, the energy and liquefied natural gas engineering company, reported a plunge in first-quarter profits and revenues also fell as it finished off the Yamal LNG project in Russia and was at the start of other ventures such as floating LNG work offshore West Africa.
US energy engineering company KBR was awarded the preliminary front-end engineering contract by BP of the UK for the second and third phases of the Tortue natural gas project being pursued with Kosmos Energy of the US that will underpin floating LNG production on the maritime border between the West African nations of Senegal and Mauritania.