CNPC

Africa Oil & Gas: Ophir Energy to borrow $1.2 bln from Chinese banks for Equatorial Guinea floating LNG

Posted on by Mozambique Resources Post

British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guinea. The project is set to be cleared at the end of June, while the buyer of the LNG and the financial structure underpinning the scheme should be announced by the end of this month, Ophir Energy CEO Nick Cooper said on Monday.

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Global Oil & Gas: “China’s CNPC Sets Up Mideast Headquarters In Dubai Free Zone” – Reuters

Posted on by Mozambique Resources Post

China National Petroleum Corporation (CNPC) has agreed to set up its regional headquarters in the Jebel Ali Free Zone (Jafza) of Dubai to oversee investments, oil services and trading in the Middle East, according to state media and a CNPC source.

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Mozambique Oil & Gas: CNPC considers investments in gas exploration & processing facilities

Posted on by Mozambique Resources Post

The China National Petroleum Corporation (CNPC) may invest in building facilities for natural gas exploration and processing in Mozambique, said the director of the group’s international department, Wang Hongtao.

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Africa Oil & Gas: “Insecurity and conflict still hampering South Sudan’s oil” – Petroleum Economist reports

Posted on by Mozambique Resources Post

Heavily in debt and still suffering ruinous violence, South Sudan desperately needs to lift oil production and has bright hopes to send exports to neighbouring Ethiopia. The government in Juba has even suggested that output could reach 0.5m barrels a day, the level it says it was pumping before civil war broke out in 2013.

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Mozambique Oil & Gas: CNPC, ENH strengthen energy cooperation

Posted on by Mozambique Resources Post

China National Petroleum Corporation signed a deal with Mozambique’s national oil and gas company ENH, to strengthen cooperation in oil and gas exploration and production, and natural gas processing and marketing. 

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Mozambique Oil & Gas: Growing competition to pipe Rovuma gas south

Posted on by Mozambique Resources Post

Two pipeline projects are vying to export gas from the Rovuma Basin in northern Mozambique to South Africa. Both projects will be expensive and could leave South Africa overly dependent on Mozambican gas, industry experts have warned, cited by Interfax.

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Mozambique Oil & Gas: China to lead Rovuma-South Africa $6bilion pipeline development

Posted on by Mozambique Resources Post

A $6 billion, 2,600km pipeline to take gas from the Rovuma Basin to South Africa is set to be developed by a consortium including a group of unnamed Mozambican private investors in partnership with South African energy firm Sacoil and led by China Petroleum Pipeline Bureau (CPP), according to an announcement made on Tuesday, 1 March, as quoted by Zitamar news portal.

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Mozambique Oil & Gas: Eni and Kogas sign cooperation agreement on upstream and LNG activities

Posted on by Mozambique Resources Post

Eni signed today a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors. The agreement will allow the companies to jointly pursue opportunities worldwide.

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