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bp begins shipping LNG from Mozambique’s first LNG project and first FLNG platform

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bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG (floating liquefied natural gas) facility, the country’s first LNG project and first floating LNG facility deployed in the ultra-deep waters of the African continent. FLNG vessels are floating LNG production, storage and offloading units.

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Syrah Resources completes BFS for expansion of US anode material production

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The BFS confirms that 10ktpa of AAM production can be achieved via expansion of the existing plant and infrastructure within Syrah’s existing 25-acre industrial site. Syrah intends to initially expand natural graphite AAM production capacity at Vidalia to 10ktpa, and then increase in line with growing market demand.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery.

2017 186
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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The tight supply/demand situation for graphite electrodes is expected to persist for much longer than many market observers expect. First, environmental plant closures in the raw material coal needle coke industry hampered the production of graphite electrodes. Batteries underpin growth in natural graphite.

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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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Guarani is one of the leading companies in the Brazilian sugar and ethanol market, ranked third among the largest sugar producers in Brazil. billion in the period 2015-2016—below the US$15.1-billion Alfa), which operates in the petrochemical segment and is a world leader in the production of polyester (PTA, PET and fibers).