Angola LNG Down to Skeleton Crew as Repairs are Made

By Oleg Vukmanovic MILAN, Aug 12 (Reuters) - The trading arm of Angola's liquefied natural gas (LNG) export project is making deep cuts to the headcount at its London headquarters after shutting its liquefaction plant until mid-2015, two sources with knowledge of the matter said. Angola LNG Marketing has put up to six trading, technical and scheduling staff on leave ahead … [Read more...]

Angola LNG Shutdown to Last Until Mid-2015

By Oleg Vukmanovic May 28 (Reuters) - The Angola liquefied natural gas (LNG) export project is expected to resume production in mid-2015, a spokesman for the Chevron-led venture said, after a rupture on a flare line forced a shutdown last month. The $10 billion project has struggled to squeeze out cargoes since starting up last summer thanks to a succession of technical … [Read more...]

Angola LNG Looks to Shipbrokers to Charter Out Tanker Fleet

By Oleg Vukmanovic MILAN, May 22 (Reuters) - Angola's new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet for at least a couple of months after a major rupture on a flare line crippled output at the $10 billion plant last month. The project partners led by U.S. oil major Chevron have approached shipbrokers to charter out all seven … [Read more...]

Capsized Rig Blocks Gas Production Offshore Angola

By Oleg Vukmanovic LONDON, Sept 19 (Reuters) - Angola's liquefied natural gas (LNG) export plant is to ship its fourth ever cargo early next week prior to a 53-day maintenance shutdown that is now set to begin on Sept. 29, a senior source at the plant said. "The next shipment is due to take place early next week, either Monday or Tuesday," the source said, who added that … [Read more...]

Brazil Buys First Cargo of Angolan LNG, Signals Weaker Ton-Mile Demand

(Bloomberg) -- Brazil’s purchase of the first cargo of liquefied natural gas exported from Angola may signal weaker- than-expected demand for shipping as voyages shorten, according to SEB Enskilda. Petroleo Brasileiro SA, the state energy company known as Petrobras, said it bought the first cargo of Angolan LNG last month as the African country’s $10 billion … [Read more...]