Browsing: Coral FLNG

Business
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Insurance rates to rise as Lloyd’s adds Cabo Delgado coast to high risk list

The entire coast of Cabo Delgado, and all waters within 50 nautical miles of the shore, have been designated ‘Listed Areas’ by the Lloyd’s Market Association Joint War Committee — meaning ship owners will be required to notify their insurance underwriters of voyages in that area

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Oil & Gas
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Drillship leaves Rovuma Basin as Coral FLNG project ‘rescheduled’

The Saipem 12000 drillship under contract to Eni has left the Coral South field in the Offshore Area 4 block in northern Mozambique and is heading south, scheduled to arrive in Maputo on 29 April, according to ship tracking data.

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Oil & Gas
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Analysis: Want to predict LNG production in Mozambique? Don’t ask the IMF

The IMF has admitted to a serious error in the LNG assumptions underpinning its Debt Sustainability Assessment for Mozambique published in April last year, in its rush to give aid to Mozambique in the wake of cyclones Idai and Kenneth — but the Fund’s expectations for Mozambique’s LNG production have anyway fluctuated wildly over the past four years, raising questions over their credibility

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