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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

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The penetration of FNLG in Africa, which started in Cameroon and expanded to Angola and Mozambique and now to Senegal, Mauritania and Nigeria, highlights Africa’s commitment to unlocking the full exploitation of its gas resources. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

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BP takes delivery of 6 new LNG tankers

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BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers, which will join existing tankers in BP Shipping’s fleet in 2018 and 2019. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Elsewhere in West Africa, Angola, Equatorial Guinea, Gabon, Congo and Cameroon collectively waste about 10 billion cubic meters of natural gas every year. Expand access to financing. Successful capture and flare gas utilization could potentially triple per capita electricity consumption for this nation of 155 million people.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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Divorce , as the Saudis and their Gulf Arab allies decide to exploit their financial wealth and go their own way, therefore forcing their fellow OPEC members, unable to finance their domestic oil industries, unwillingly to bear the brunt of global production cuts. percentage points.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant.

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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

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These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products.