The Federal Energy Regulatory Commission has authorized the Alaska Gasline Development Corporation (AGDC) to liquefy and export liquefied natural gas (LNG) produced in the North Slope of the State of Alaska.
Once operational, the new unit, known as Train 7, will add around 8 million tonnes per annum (mtpa) of capacity to the Bonny Island facility, taking the total to around 30 mtpa.
Neptune Energy and Wintershall Dea today announced the successful lift of the 740-tonne topside module for the Nova development project in the Norwegian North Sea.
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year.
