TotalEnergies increases Suriname position with new offshore block interest
The block is adjacent to the Gran Morgu development, which Total took a final investment decision on in October.
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11 hours ago
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Namibian ports authority cancels key Luderitz energy support project
WINDHOEK, Aug 15 (Reuters) - The Namibian Ports Authority (Namport) cancelled a pre-qualification tender for a new oil and gas supply base at Luderitz just days after launching it and without explanation, its Facebook page showed on Friday. The sudden cancellation is a blow to government efforts to accelerate development at Luderitz port, the smaller one of only two commercial ports in the Southern African country and an important energy service centre. An exploration hotspot following a string of offshore discoveries by Shell (SHEL.L), opens new tab, TotalEnergies ( opens new tab, Galp ( opens new tab and Rhino Resources, Namibia has ambitions to deliver first oil by 2030 with Luderitz being designated as the country's energy hub. However, regulatory uncertainty, a lack of key infrastructure and an unskilled labour force for the oil and gas sector have worried investors and operators. Namport launched a pre-qualification tender on Tuesday for a concession to design, build, own, operate and transfer (DBOOT) a new Luderitz Bay oil and gas supply base to support drilling campaigns in the Orange Basin. "Namport regrets to inform interested parties that the DBOOT concession bid for the Luderitz Bay oil and gas supply base has been cancelled," said Namport's official Facebook page. Namport CEO Andrew Kanime did not answer calls to his phone or respond to messages seeking clarity. Luderitz port, located to the far south of the vast, arid country, has separate plans to extend its quay wall by at least 300 metres in a bid to accommodate more platform support vessels that service the burgeoning offshore oil and gas sector. Kanime previously told Reuters that TotalEnergies' operations are supported, opens new tab from Luderitz port, while Shell and Galp are backed by Walvis Bay to the north of the country. Berthing capacity at the physically constrained port, where fishing and mining cargoes vie for space, was already close to full capacity, he said last year.
Reuters
2 days ago
- Reuters
Exclusive: China's Zhenhua Oil doubles crude offtake from UAE in new deal, sources say
SINGAPORE, Aug 14 (Reuters) - China's Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co to 200,000 barrels per day after taking on a new role leading development of one of the exporter's top oilfields, three Chinese industry sources said. In January, the smallest of China's state oil companies replaced French major TotalEnergies ( opens new tab following a bidding process to become asset leader for Bu Hasa, the largest onshore oilfield in the United Arab Emirates, the sources said. With that new role, in which Zhenhua is responsible for setting Bu Hasa's development plan and meeting production and cost targets, it also agreed a new annual deal to receive an additional 5 million tons, or 100,000 bpd, from ADNOC, the sources said. The offtake deal, finalised around April, and Zhenhua's role in Bu Hasa have not been previously reported. It adds to Zhenhua's existing 100,000 bpd offtake agreement as an equity holder in ADNOC Onshore, said the sources, declining to be named as they were not authorised to speak to the media. The total amount of crude Zhenhua is contracted to receive from ADNOC will be ramped up to 200,000 bpd by around year-end, one of them said. Zhenhua and TotalEnergies did not respond to requests for comment. ADNOC said it does not comment on commercial matters. In April, ADNOC set up an office in Beijing to expand investment opportunities with Chinese partners. Established in 2003 under state defense conglomerate Norinco, Zhenhua specialises in oil and gas production outside China and has oil assets in Iraq, Pakistan and Kazakhstan. In 2018, Zhenhua won a 4% stake in ADNOC's giant onshore concessions, securing a position alongside heavyweights including BP, TotalEnergies and CNPC. With the increased offtake, Zhenhua is set to become a more active trader of Abu Dhabi's main Murban grade. The company, which runs trading desks in Beijing and Singapore, will place its first crude trader in Abu Dhabi this month, the sources added.
Reuters
2 days ago
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South African court rescinds TotalEnergies oil exploration permit
CAPE TOWN, Aug 14 (Reuters) - A South African court has rescinded an environmental authorisation granted to TotalEnergies ( opens new tab and its joint venture partner Shell (SHEL.L), opens new tab to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed. However, the court said TotalEnergies should be given a chance to rectify deficiencies identified, including a failure to properly assess the potential socio-economic impacts of any oil spills, or take climate change into consideration. "Total must be afforded opportunity to submit new or amended assessments ... to cure the deficiencies identified," Western Cape High Court Judge Nobahle Mangcu-Lockwood said in her August 13 ruling. A TotalEnergies spokesperson did not immediately respond to a request for comment. The French company said last year it intended to exit the concession, Block 5/6/7 located between Cape Town and Cape Agulhas, leaving the operatorship to Shell, with South Africa's PetroSA holding a minority share. The order is the latest in a series of court challenges between environmentalists and oil companies looking to explore along South Africa's coast. Oil companies are making a major push into the west coast of South Africa, where they are looking to replicate the success in neighbouring Namibia following a cluster of discoveries in its part of the prolific Orange Basin. The basin extends into South African waters, but has remained largely unexplored there. Welcoming the judgment, non-profit organisation Natural Justice, one of the applicants in the case, said it was a victory in the growing opposition to oil and gas exploration in South Africa. "This judgment again confirms that companies must follow due process, undertake comprehensive assessments and provide communities with an opportunity to be heard," Melissa Groenink-Groves, a programme manager at the group, said in a statement.
