FINANCING

Problems mount for FLNG

WHILE the industry waits on Shell's Prelude development to see if floating LNG works as promised, market signals appear ominous for the technology that Woodside Petroleum wants to use to develop its long-delayed Browse Basin fields after Schlumberger pulled out of Fortuna, Africa's first deep water independent FLNG project.

Problems mount for FLNG

Ophir Energy announced last Friday that it had been unable to complete the non-binding heads of agreement it signed on January 26 with oil field services giant Schlumberger for upstream participation,...

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