The output from an expanded Australian North West Shelf is a major driver in the forecast 48 percent increase in LNG exports to $4.7 billion this year, according to a WA Business News report. The increase in LNG exports is drawing on higher output from the NWS's fourth LNG train, as well as the start up of the new Darwin LNG plant in 2006. Source: WA Business News
According to a Sept 15 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co. said its Papua New Guinea energy venture may beat Royal Dutch Shell Plc to become the first operator of a floating liquefied natural gas production vessel. The venture could begin using a floating LNG unit in 2014 to process gas from an onshore field, Kim Jin Seok, chief executive officer of DSME E&R Ltd., the shipbuilder’s oil and gas arm, said in an interview in Seoul
According to recent AFX News reports, China has started building two LNG networks along its southern coastline. China National Offshore Oil Company (CNOOC) currently has two LNG projects under construction in the provinces Guangdong and Fujian, with an annual planned capacity of 7 million tons and 2.6 million tons, respectively. The Guangdong project is expected to be completed next year with the Fujian network to become operational in 2007, according to the report
The Peru LNG project, the largest industrial project ever to be undertaken in the history of Peru, officially launched today by awarding to Chicago Bridge & Iron Company N.V. (CB&I) the engineering, procurement and construction (EPC) contract for a natural gas liquefaction plant valued in excess of $1.5b. The Notice To Proceed authorization represents a commitment by the international project consortium (consisting of Hunt Oil Company of the United States
The Hammerfest LNG plant at Melkøya in northern Norway will be shut down on Saturday 15 August for up to three months of upgrading and maintenance work. As operator, StatoilHydro is conducting upgrading and modification work at the Hammerfest gas liquefaction plant in order to maintain a high production level in the time ahead. Since start-up in the autumn of 2007, upgrading and replacement of equipment has been carried out to increase the plant's production level.
Russian President Vladimir Putin has signed a law on the liberalization of exports of liquefied natural gas (LNG). According to the document, two new categories of license holders are entitled to the right to export LNG, in addition to Gazprom, reports Arctic-Info. The law now effected allows LNG to be exported by Rosneft and Yamal SPG (in addition to Gazprom) on the following grounds: The authorisation gives the right to export LNG to license holders of subsoil resources of federal
Gulf of Mexico vessels carrying natural gas spend time and money rumbling up canals and through ports before reaching a terminal to process the cargo — a cost ultimately paid by the consumer. New Orleans-based McMoRan Exploration Co. recently received federal approval to build a $1b liquefied natural gas terminal 16 miles east of the Mississippi River capable of processing 10 percent of the nation’s daily demand of 31 billion cubic feet.
A federal study has concluded that LNG tankers could navigate Head Harbour Passage off the Bay of Fundy with little risk of accident, but the Canadian government continued to insist that it will bar U.S. tankers from the disputed waters. Proponents of the competing LNG plants proposed for northern Maine have seized on the study to argue that the Canadian government has exaggerated the safety concerns in order to favour domestic producers.
Fairstar Heavy Transport NV (FAIR) has been awarded two transportation contracts by Chevron Australia Pty Ltd and Kellogg Joint Venture - Gorgon. The contracts were signed by representatives of both companies on May 31, 2010. Under the terms of the agreements, Fairstar will provide two of its Semi Submersible Heavy Transport Vessels for the transportation of modules and related project materials from various construction sites throughout Asia
Hyundai Heavy Industries Co., Ltd. (HHI) held a naming ceremony for the world’s first newbuilding LNG floating storage regasification unit (LNG FSRU), ordered from Höegh LNG in June 2011. The 170,000 cbm LNG FSRU, measuring 294 meters in length, 46 meters in width and 26 meters in depth with the storage capacity of 70,000 metric tons of chilled natural gas, will be chartered to Lithuania’s Klaipedos Nafta under a long-term contract.
The Australian oil and gas industry is telling everybody that a second wave of investment in liquefied natural gas (LNG) plants is at risk unless labour and regulatory costs are cut. The companies are unlikely to get all that they want. In fact they may not get very much at all out of the
Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.
Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region.
Sakhalin Energy and Sovcomflot (SCF) inform they have agreed to extend their co-operation having signed a number of agreements for construction and long-term operation of support vessels for the Sakhalin-2 project. SCF explain that the vessels will be used as year-round personnel carriers and
Cameron LNG, one of the most advanced US LNG export projects, (promoted by GDF SUEZ as a shareholder and a capacity holder), has been granted conditional non-Free Trade Agreement (FTA) approval from the US Department of Energy (DOE). The Non-FTA agreement will enable GDF SUEZ to export LNG
Significant Growth in FLNG Market as Export Projects Gain Traction; Natural Gas to Lead Energy Demand There are many different views on the future of energy supplies, but strong agreement in two areas; over the next 25 years or so population growth and GDP growth in the developing economies
Ziff Energy and Gas Processing Management Inc. analyze the gas growth areas of the Western Canadian Sedimentary Basin in Alberta and British Columbia. Ziff Energy, a division of HSB Solomon Associates LLC (Solomon), and Gas Processing Management Inc
Gazprom inform that Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell, met in Sochi and signed a document that that envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin
By Oleg Vukmanovic, Reuters A compressor leak at Angola's new liquefied natural gas (LNG) export plant has delayed loading programs and reduced output at the $10 billion project, which is due to shut for two months from July, a site manager said.
Salvage work to remove a capsized drilling rig lying in shallow waters off Angola's new liquefied natural gas (LNG) plant is due to start in the second quarter, Italian oil services firm Saipem said. The capsize of Saipem's Perro Negro 6 occurred last summer during efforts to bore a tunnel
Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution. Dominion, an American energy company long focused on U.S
Crowley’s Carib Energy has been awarded a multi-year contract to supply containerized, U.S.-sourced Liquefied Natural Gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey and Club Caribe in Cidra, both wholly owned subsidiaries of CC1 Companies, LLC.
FERC issues draft Environmental Impact Statement on the Phase II Modification and Liquefaction Projects (CP12-29-000 and CP12-509-000) The staff of the Federal Energy Regulatory Commission (FERC) has prepared a draft environmental impact statement (EIS) for the Phase II Modification Project
Representatives of Mammoet and other Dutch companies visited Tanzania to explore potential construction projects and investment opportunities in the East African country which has impressive growth rates and large stocks of underseas gas it is looking to develop.
Hyundai Heavy Industries (HHI), claimed to be the world’s biggest shipbuilder, and the only one in Korea capable of constructing both Membrane type and Moss type LNG carriers, informs it will exhibit at the upcoming Gastech 2014 show in Gyeonggi Province, South Korea.