Tellurian said it planned to make a final investment decision this year on whether to build Driftwood, which would enable the plant to enter service in 2023.
Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
State-owned Oil India Ltd. and the country’s top explorer Oil and Natural Gas Corp. Ltd. won 12 and 8 blocks respectively, according to the list.
The contract, valued between $75 million and $250 million, covers the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.
Antero Marcellus tests, Marathon Oil Bakken/Three Forks completions plus an onshore Sumatra gas discovery top this week’s drilling activity highlights from around the world.
Last year, Trump pulled the United States out of the multinational deal under which sanctions on Iran were lifted in return for curbs on its nuclear program, verified by the International Atomic Energy Agency (IAEA).
Signed in March 2018, the historic treaty resolved a long-running dispute over the Timor Sea border, which had delayed the development of the Greater Sunrise Field, which was discovered in 1974 and holds about 5.1 trillion cubic feet of gas.