According to reports, Chevron Corp. cleared a hurdle in its quest to develop the multibillion-dollar Gorgon LNG project off Australia's western coast after agreeing to support environmental programs to protect a vulnerable species of turtle and other wildlife. The Gorgon venture, which is led by San Ramon-based Chevron, will provide about $26 million to conserve the flatback turtle, the state of Western Australia said. Four of the projects, including Gorgon, are overseas. The one domestic project among the top five is in the Gulf of Mexico, Cooper said. The cost of the project could range from $11.8b to $14.2 billion, according to published reports. Chevron owns 50 percent of the venture, and Shell and Exxon each have 25 percent. The venture could not give an updated estimate for the project cost. It also could not provide a revised date for the final approval or project start-up, said Scott Walker, a Chevron Australia spokesman. The LNG field is west of Barrow Island, which is home to a nature reserve that includes a variety of wildlife. Engineering studies are due for completion by the second quarter of 2007, and a final investment decision will follow. But that might not happen next year, according to Chevron. The LNG field is expected to produce about 5 million tons a year. About 4.2 million tons would be sold to companies in Japan. The remaining 0
Substantial charter agreement for Solstad's offshore Derrick Lay Barge (DLB) "Norce Endeavour" by Australia's Leighton Contractors. DLB "Norce Endeavour" will work at the Gorgon LNG Jetty and Marine Structures on Barrow Island, Western Australia. Solstad will also provide project management and engineering to support the DLB scope of works and operation from Solstad's offices in Singapore and Perth, Western Australia.
Photo Credit: IZAR ChevronTexaco Corp. today announced than an affiliate had signed a Memorandum of Understanding (MOU) with the Gorgon Joint Venture in Australia for the supply of Liquefied Natural Gas for distribution to markets on the West Coast. Under terms of the MOU, a ChevronTexaco affiliate will enter into negotiations, the details of which are confidential, with the Gorgon Joint Venture which could lead to the supply of at least 2 millin tons of LNG annually over a 20-year
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China. These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS).
Strategic Marine won the contract to build four new workboats for Leighton-Saipem Consortium for use by the Chevron operated Gorgon Project. The vessels will be built at the company's Henderson Shipyards and used to transport workers to and from construction barges operating at Barrow Island as part of the LNG jetty and marine structure contract for the Gorgon Project. Strategic Marine Chief Marketing Officer Terry O’Connor said these vessels would be the first delivered under the
UK headquartered Phusion appointed as Data Management Contractor (DMC) for the INPEX-led Ichthys LNG Mega-Project. The six-year contract is worth £11.5 million (AUD17.6m). The deal extends Phusion’s growing portfolio in Australia where the company is already engaged on the giant Chevron Gorgon project. Phusionwill assist INPEX by efficiently managing enormous amounts of engineering data associated with the Ichthys LNG Project
According to reports, CNOOC has hired Macquarie, the investment bank, to advise on the possible acquisition of Royal Dutch Shell's oil assets in Australia's North West Shelf. Shell has made no secret of its plans to focus its Australian efforts on expanding its liquefied natural gas operations. Two months ago the Anglo-Dutch group signed a 20-year agreement with PetroChina for LNG from the Gorgon project off Western Australia for an undisclosed sum.
J. Ray McDermott, S.A. (J. Ray) announced that its subsidiary P.T. McDermott Indonesia (PTMI) has been awarded a contract by the Kellogg Joint Venture-Gorgon on behalf of Chevron Australia Pty. Ltd, operator of the Gorgon Project. The estimated value of the contract if the work is completed per contract terms is in excess of $150m. More than 60 pre-assembled racks and units with an estimated combined weight of approximately 25,000 tonnes will be constructed at J
Sale of Maersk LNG Fleet finalised The sale of all shares in Maersk LNG to Malt LNG Holdings ApS, a company jointly owned by Teekay LNG Operating LLC and Marubeni Corporation has been finalised. Under the terms of Maersk LNG's two partnerships with Société Generale and Qatar Shipping Company, each owning an LNG vessel, the sale of Maersk LNG triggered pre-emption rights to Maersk LNG's partnership shares
A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday. The company said in a statement that the contract involved sales of 2.9 million tons of LNG per annum which would be sold to the Asia-Pacific region, primarily India, with the LNG priice indexed to crude oil.
Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW) World LNG Market Forecast 2015-2019
GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters. According to preferences and vessel sizes, the deliveries will be split between Dabhol
The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal. Liberty Natural Gas’s application to build the Port Ambrose deep-water port to receive LNG in the New York/New
A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US. Upon completion
SGMF membership - uncovered: an interview with Sean Andersen and Tony Haston of Dixon Valve & Coupling The Society for Gas and Marine Fuel (SGMF) recently interviewed members with Sean Andersen and Tony Haston of Dixon Valve & Coupling, who weighed in on their company, its products
Rolls-Royce has secured a contract with Keppel Shipyard in Singapore to supply two all-gas engines for power generation on-board a Floating Liquefaction Vessel (FLNGV) owned by Golar LNG Ltd. The vessel Hilli was a former LNG carrier and is being converted to a FLNGV carrier.
Argentina's state-controlled YPF has bought at least five cargoes of liquefied natural gas (LNG) for delivery between April and June, traders said on Friday. Suppliers included Shell, EDF Trading, Petrobras, BP and Excelerate, traders said.
Damen Yichang Shipyard in China, a joint venture between Damen Shipyards Group and Sinotrans CSC, is rolling out a larger portfolio of vessels to a wider market audience. The yard on the Yangtze River is already building a number of specialized pontoons
The first load of Liquefied Natural Gas (LNG) traded by Qatari supplier, Qatargas, is planned to reach the Port Qasim LNG terminal on March 26, says a report in Reuters. Qatargas is providing the LNG to Pakistan at $8 to $9 per Million British Thermal Units (MMBTU)
The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs. This series of designs is the latest addition to Wärtsilä's ship design
Lithuania's state-owned energy group Lietuvos Energija said on Monday national rules had to be changed to allow it to sell some liquefied natural gas (LNG) cargoes it had contracted from Norway's Statoil in the global market as domestic demand falls.
Sempra Energy’s subsidiary, Port Arthur LNG, has requested that the US Federal Energy Regulatory Commission (FERC) initiate the pre-filing review for the company’s proposed liquefaction and export facility in Port Arthur, Texas.
Britain's Isle of Grain liquefied natural gas (LNG) import terminal will test whether it can also export supply by loading a quantity of fuel onto inbound tanker Asia Vision on Thursday, a spokeswoman for operator National Grid said. This month National Grid outlined plans to add a reload
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has received an order for one liquefied natural gas carrier (LNGC). The ship will be built by the South Korean shipbuilder Daewoo
ABS has updated its guidance on LNG Bunkering in North America to support the transport sector's increasingly rapid transition to the use of cleaner fuels. The second edition of ABS' Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America was released today