MOZAMBIQUE: NEW PLANT
Sasol, the world's biggest producer of motor fuel from coal, is considering a gas-to-liquids plant in Mozambique with Eni SpA of Italy and the southern African country's oil company.
The joint pre-feasibility study will assess the viability of such a plant in the region, Johannesburg-based Sasol said in a statement on its website.
Eni has found about 75 trillion cubic feet of gas offshore Mozambique in a block known as Area 4 of the Rovuma Basin, site of the biggest gas discoveries in a decade.
The country may have 250 trillion cubic feet of reserves, according to state-owned oil company Empresa Nacional de Hidrocarbonetos.
There is "quite an extended study period," Alex Anderson, a spokesman for Sasol, said by phone.
He said it's too early to determine how long the study will take or the cost of such a plant.
Sasol started its first GTL plant outside South Africa in Qatar in 2007.
With Nigerian National Petroleum and Chevron it's built a similar facility in Africa's biggest economy, and it's constructing one in Uzbekistan with Uzbekneftegaz and Malaysia's Petroliam Nasional Bhd.
Sasol will make a final investment choice on a US GTL plant 18 to 24 months after it decides on an associated ethane cracker in Westlake, Louisiana.
The GTL facility, which may produce 96,000 barrels of fuel a day, is estimated to cost as much as $14 billion and would be the first of its kind in the US.
|March, 23, 08:40:00|
|March, 23, 08:35:00|
|March, 23, 08:30:00|
|March, 23, 08:25:00|
|March, 23, 08:20:00|
|March, 23, 08:15:00|
WNN - Asia needs nuclear energy to meet its economic, energy and environmental goals, but such plans are still in the development phase in the South East region of the continent, Agneta Rising, director general of World Nuclear Association, said.
NPD - Preliminary production figures for February 2018 show an average daily production of 1 944 000 barrels of oil, NGL and condensate, which is a decrease of 83 000 barrels per day compared to January.
AOG - China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC).
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.69 a barrel at 0744 GMT, up 15 cents, or 0.2 percent, from their previous close. Brent crude futures LCOc1 were at $67.56 per barrel, up 14 cents, or 0.2 percent.