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Höegh teams with Aker Yards, ABB Lummus

Höegh LNG entered agreements with Aker Yards and ABB Lummus Global and started the engineering and design for its first liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit. The proposed project will consist of a ship-shaped FPSO with the capacity to treat and liquefy a well stream of approximately 88.2 Bcf/year, or annual production of approximately 1.6 million tons of LNG and approximately 500,000 tons of liquefied petroleum gas (LPG). The LNG FPSO will have storage capacity of 6.4 MMcf of LNG and 1.1 MMcf of LPG. Deliveries are scheduled to begin in mid-2011. Höegh LNG will manage the pre-front end engineering and design (FEED) phase, with Aker Yards performing work on the FPSO hull, containment and utility systems. ABB Lummus will design the gas treatment and processing plant as well as the liquefaction and LPG plant. Pre-FEED work will take between four to six months to complete. Agreements with contractors for the LNG offloading and mooring arrangements as well as the classification society will be completed soon. Source: Energy Current


Linde forms Global Alliance with SBM

Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today


New Report Finds LNG Future Bright

The new report “The Drewry Annual LNG Shipping Market Review and Forecast” finds one sector of shipping with a bright future. The last thirty months has seen a massive surge in interest in the previously conservative LNG business with unprecedented levels of ordering activity for new vessels, much increased interest in new supply projects and new/expanded, terminals. With a growing fleet and more trading opportunities, the traditional structure of shipping could gradually be


LNG Tech on tap at Europort 2013

The Port of Rotterdam predicts becoming a LNG bunkering hub by 2030

Emissions regulations from 2015 onwards are driving shipowners to a crossroads on fuel selection. Ahead of Europort 2013, Rotterdam, Dutch interests are making significant waves in tangible investments in LNG as a fuel option. While there is not consensus on the potential of liquefied natural gas (LNG) as a marine fuel, the concept is gaining traction rapidly as using LNG reduces nitrogen oxide (NOx) and carbon dioxide (CO2) emissions from ships


Linde to Cooperate with SBM

Germany's Linde formed a global alliance with SBM (of the Netherlands to develop and market floating production, storage and offloading (FPSO) units for the liquefied natural gas industry. Under the deal, Linde contributes gas hardware such as pretreatment, fractionation and liquefaction based on its proprietary process LiMuM. SBM for its part contributes for example marine technology including hull and LNG storage tanks systems, power generation systems, mooring systems


Australian Offshore LNG Project Chooses Intergraph Software

Intergraph® SmartPlant® Enterprise selected by operator, Inpex, to manage information for mega-project, Ichthys LNG. Inpex has implemented SmartPlant Enterprise solutions for the Ichthys LNG Project, including SmartPlant Enterprise for Owner Operators (SPO) as its information management system, SmartPlant 3D and SmartMarine® 3D (collectively known as Smart 3D), SmartPlant Instrumentation, SmartPlant P&ID and SmartPlant Electrical.


What’s New with Floating Production?

Jim McCaul, International Maritime Associates

Currently, 319 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 75% of systems on order. Another 24 floating LNG processing systems are in service or on order.  Liquefaction floaters account for 13%, regasification floaters 87%.  No liquefaction units are yet in service – all 3 are on order. Also, 98 floating storage units are in service, on order or available.


Teekay Corporation Reports Q1 Results

teekay.bmp

Highlights * First quarter 2011 cash flow from vessel operations of $136.4 million. * First quarter 2011 adjusted net loss attributable to stockholders of Teekay of $27.9 million, or $0.39 per share (excluding specific items which decreased GAAP net income by $1.8 million, or $0.02 per share). * Completed sale of remaining 49 percent interest in Teekay Offshore Operating L.P. to Teekay Offshore Partners for $390 million; Teekay Offshore increased cash distribution by 5.3 percent.


LNG Offshore Mega-Project Contract for Phusion

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


Where is Floating Production Headed?

Jim McCaul, IMA

The number of floating production units grew 5% in 2013. Here we examine the global market and future opportunities. Currently, there are 319 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 75% of systems on order. Another 24 floating LNG processing systems are in service or on order.  Liquefaction floaters account for 13%, regasification floaters 87%


Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

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.  


Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs are expected to be delivered between 2017 and 2019 and will be built with the NO96-GW technology


Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender, three traders said on Friday. "They are waiting for the government to confirm


Chevron, SK LNG Trading Ink Deal for LNG Supply

Logo

Chevron Corporation today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4


N-KOM Sees Increased Tanker Business

Photo: N-KOM

Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar. With the introduction of de-mucking and de-slopping facilities


VT Halter Lays Keel for Crowley LNG ConRo Ship

Photo courtesy of VT Halter Marine

The keel for the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corp.’s liner services group was laid during a ceremony at ship-builder VT Halter Marine, Inc.’s facility in Pascagoula, Miss.


Wartsila Wins LNG Systems Contracts for Four Ships

The Wärtsilä reliquefaction plant will reliquefy 70% of the boil-off gas from the ships LNG cargo and return it to the cargo tanks, while the balance is fed by the gas handling system to the engines for propulsion purposes. (Image: courtesy Wartsila)

A series of four LNG carriers being built by the Hudong-Zhongua Shipbuilding yard in China will feature Wärtsilä LNG reliquefaction plants and gas handling systems.   The ships are owned by Bermuda based Teekay Corporation, China LNG Shipping (CLNG)


Change in CEO at Golar LNG

Golar Ship

  Golar LNG Limited today announced that Doug Arnell has decided to step down as CEO of Golar on February 1, 2015. Mr. Arnell's decision is driven by a personal wish to return with his family to his home country of Canada. Mr. Arnell will be succeeded by Gary Smith


GTT, Conrad Shipyard Ink Deal for LNG Barges and Bunker Tanks

GTT signs license agreement with Conrad Shipyard for membrane containment systems for LNG barges and bunker tanks   Gaztransport & Technigaz (GTT) announced that its U.S. subsidiary, GTT North America, has signed a Technical Assistance and License Agreement (TALA) with U.S


Smith Named CEO of Golar LNG

Photo: Golar LNG

Gary Smith will take over as CEO of Golar LNG limited, taking over for Doug Arnell, who will step down on February 1, 2015.   Smith brings a track record of leadership and operational management in the mid-stream oil and gas, shipping and LNG businesses


GE Electric Propulsion Equipment for LNG Carriers

GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels   GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers


Trafigura Fixes Australian LNG Cargo

Swiss-trading house Trafigura has purchased one of three liquefied natural gas (LNG) cargoes offered by Australia's North West Shelf export plant as part of a tender awarded late last week, four traders said. The winners of the remaining two cargoes are thought to be a mid-size oil major and a


Golar LNG Secures Charters for Carrier Duo

Golar Arctic

  Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of


EU Mulls Green Maritime Transport in Greece

Courtesy: INEA

The EU’s TEN-T Program will invest almost €600,000 in a study for the promotion of LNG use in Greek maritime transport.  The greener and cheaper LNG could contribute to reducing transport emissions and fuel supply costs in the Aegean Sea, INEA


India to Talk Sanctions, LNG Imports During Obama Visit

India will use an upcoming visit by Barack Obama to press the United States to remove Indian oil companies from a list naming firms doing business in Iran, and to seek priority access to U.S. LNG exports, sources in the Oil Ministry said.  






 
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