Eni and ExxonMobil submit development plan for joint venture LNG project in Mozambique
The Italian energy company, Eni, and the US petroleum oil and gas firm, ExxonMobil, have submitted development plans for their joint venture.
The Mozambique Rovuma Venture provided the government with plans for the first phase of the Rovuma LNG project.
The project will produce, liquefy, and market natural gas sourced from Mamba fields in Area 4 block on the coast of Mozambique.
As part of the first phase, the two firms aim to build two liquefied natural gas (LNG) gas trains with the capacity of 7.6mn tons of production per year.
Final investment decisions by venture parties are planned for 2019, whilst the project is anticipated to be operational by 2024.
ExxonMobil will be responsible for the construction and operation of the natural gas liquefaction facility, whilst Eni will construct and operate the upstream facilities.
“We are excited to be progressing the Rovuma LNG project, working with the government and leveraging the expertise and capabilities of all of the partners,” state Liam Mallon, ExxonMobil Development Company’s President.
“The Rovuma LNG Project is moving forward swiftly,” noted Stefano Maione, Executive Vice-President for the Mozambique Program at Eni.
“The size of the project makes it not only an important investment in the country, but also supports economic growth and opens new opportunities for Mozambicans.”
Global Offshore rebrands Enelift and invests in global hubs
Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.
The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.
The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.
Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.
Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.
The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.
Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".
"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.
Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.
"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."