Friday, June 1, 2018

Equatorial Guinea LNG project stumbles again as Schlumberger quits

Equatorial Guinea LNG project stumbles again as Schlumberger quitsA pioneering liquefied natural gas project in Equatorial Guinea, bogged down by delayed financing, ran into further trouble after U.S. oil services company Schlumberger pulled out of the venture, two other operators said on Thursday. Ophir Energy, the London-based company heading the Fortuna development, and Golar LNG, which operates floating LNG facilities, said Schlumberger had decided to withdraw due to problems with the project's financing. Schlumberger was not immediately available for comment.




from Yahoo Finance https://ift.tt/2xxye88

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