ENI APPRAISES MOZAMBIQUE
A group led by Eni SPA has successfully executed the appraisal campaign for the Agulha discover in Area 4 offshore Mozambique, Eni reported.
The Agulha 2 well, which is the twelfth well drilled in Area 4, proved a 25-m gas column in good quality Paleocene reservoir sandstones and confirmed the southern extension of the field.
The delineation was carried out through the Agulha 2 well, which was drilled in 2,603 m of water and reached a total depth of 5,645 m. The well is in the southern part of Area 4 about 12 km south of the Agulha 1 discovery well and 80 km off Cabo Delgado.
Eni is considering further exploration drilling in the southern part of Area 4 after Agulha 2.
Total resources discovered in Area 4 are estimated at 85 tcf of gas in place.
Eni is the operator of Area 4 with 50% indirect interest owned through Eni East Africa, which holds 70% of Area 4. Other partners, each with 10% interest, are GalpEnergia, Korea Gas Corp., and Mozambique's state ENH carried through the exploration phase. China National Petroleum Corp. owns 20% indirect participation in Area 4 through Eni East Africa.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.