OneLNG

Africa Oil & Gas: Equatorial Guinea LNG project stumbles again as Schlumberger quits

Posted on June 1, 2018 by Mozambique Resources Post

A pioneering liquefied natural gas project in Equatorial Guinea, bogged down by delayed financing, ran into further trouble after U.S. oil services company Schlumberger pulled out of the venture, two other operators said on Thursday.

Africa Oil & Gas: Ophir Energy, OneLNG and GEPetrol sign Umbrella Agreement for Fortuna FLNG

Posted on May 3, 2017 by Mozambique Resources Post

The Republic of Equatorial Guinea, Ophir Holdings & Ventures, a subsidiary of Ophir Energy, OneLNG and La Compañía Nacional De Petróleos De Guinea Ecuatorial (‘GEPetrol’) have signed a detailed Umbrella Agreement (‘UA’) that establishes the full legal and fiscal framework for the Fortuna FLNG Project, Africa’s first deepwater FLNG project. The UA reconfirms the participation rights of GEPetrol as partners for 20% of the upstream portion of the project, and for a future potential participation…