Woodside Petroleum Ltd said costs for the planned phase five expansion of its North-West Gas liquefied natural gas project are estimated to have risen by 21 pct to 2.42 bln aud because of higher labor charges. The company, 34 % owned by the Royal Dutch Shell group, said the spike in costs is largely due to a sharp rise, internationally, in labor charges in the construction industry. Woodside operates the project and is a one sixth owner alongside Royal Dutch Shell. Already more than 14 bln aud has been spent on the LNG project's development over a 20-year period, making it a major LNG project by world standards. The fifth phase expansion includes the construction of an LNG processing facility with annual capacity of 4.2 mln metric tons of liquefied gas for export, largely to Asian markets.
The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast. The contract is for major, long-term maintenance and modifications services for the Prelude Floating Liquefied Natural Gas (FLNG) project in Browse Basin, 475km northeast of Broome in Western Australia. Monadelphous will provide maintenance, brownfield modifications and turnaround services to the LNG process plant
LNG is the topic of discussion during an OTC General Session and two technical sessions planned during the Offshore Technology Conference (OTC), 3-6 May, at Reliant Center at Reliant Park in Houston. "LNG is an important issue for OTC this year," said Skipper Strong, OTC .04 Program Committee Chairman and Account Manager-ChevronTexaco at Technip Offshore. "During some major OTC sessions, participants discuss how LNG import terminals are moving offshore because of federal land issues
Emerson Process Management has won a contract from Golar LNG to supply PlantWeb digital automation architecture for basic process control and safety systems on the Golar Freeze, a floating storage and regasification unit (FSRU) vessel. Currently an LNG carrier, the Golar Freeze will be converted into a floating terminal, and docked at a purpose-built jetty in the Jebel Ali Port near Dubai, UAE. Golar will operate the vessel
Liquefied Natural Gas Limited today announced that it has significantly expanded its presence in the North American Liquefied NaturalGas (LNG) sector by signing an agreement to acquire 100% of Bear Head LNG Corporation (BHLC)from a subsidiary of Anadarko Petroleum Corporation (Anadarko) for US$11.0 million. The Bear Head LNG Project is located in Richmond County, Nova Scotia, Canada, and the key assets include:
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects. Beginning Thursday, the department will only issue final rulings on whether exports are in the public interest after the Federal Energy Regulatory Commission, or another authorized agency, has completed an environmental review of the project.
Class society ABS has issued Approval In Principle (AIP) to a new liquefied natural gas (LNG) tank containment system and carrier design developed by Houston-based Ocean LNG Inc. The tank design consists of a cylindrical tank with spherical dished ends. The 180,000m3 carrier design features five of these large 36m diameter and 40m high cylinder tanks each holding a volume of 36,000m3 of LNG. Ocean LNG asserts that the design maximizes the void spaces in the ship’s hull yet still
Oregon LNG completed a navigation and docking simulation for three liquefied natural gas (LNG) tanker sizes at the Pacific Marine Institute in Seattle, Wash. The company says the simulation demonstrates that its proposed LNG site on the Skipanon Peninsula in Warrenton, Ore., can accommodate the 148,000 cubic meter (5.2 MMcf), 216,000 cubic meter (7.6 MMcf), or Q-Flex tanker, and the 266,000 cubic meter (9.4 MMcf) Q-Max tankers.
US Department of Energy grants Pangea LNG Project permission to export LNG from its South Texas LNG Project, Corpus Christi Bay. The U.S. Department of Energy has granted Pangea long-term, multi-contract authorization to export liquefied natural gas (LNG) to free trade agreement (FTA) nations. Pangea LNG will be authorized to export up to 8 million metric tons per annum (mtpa) of LNG produced from domestic gas fields for a 25-year term commencing on the date of its first export
Keppel Shipyard and Black & Veatch team up with Golar LNG for the second time to convert floating liquefaction vessel Black & Veatch has again been called upon to combine its PRICO LNG technology and global engineering, procurement and construction (EPC) capabilities with the services of Keppel Shipyard Limited. Together, they will convert a 125,000-cubic-meter Golar LNG carrier, the Gimi, into a Floating Liquefaction Vessel (FLNGV).
Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek. VEB said in a statement that the guarantee would help encourage overseas financing for the Yamal project
Conrad Shipyard has formed a new business unit focused on LNG projects. Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges
On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look. Around ten years in the making, the expansion will enable significantly larger ships to transit the
Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions. 1-Zodiac Maritime: car carriers, containerships, bulk carriers and crude, product and LPG carriers
Following a comprehensive exercise to insource all ship management functions and to build a fully integrated shipping company, Golar LNG recently chose the BASSnet software as the core building block for the management of its fleet of 23 LNG carriers.
The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation.
India plans to form an alliance with Japan and South Korea to buy liquefied natural gas (LNG) at "reasonable prices", the country's oil minister Dharmendra Pradhan said. India may soon rope China into the alliance as well, he said.
NYK is participating in a study launched by Japan’s Ministry of Land, Infrastructure and Transport and Tourism (MLIT) to explore the feasibility of LNG bunkering in Yokohama. This study is examining the technological and infrastructural requirements for establishment of an LNG
Daewoo Shipbuilding & Marine Engineering (DSME) has signed new contracts with Maran Gas Maritime and Maran Tankers Management for the construction of two ME-GI powered LNG carriers and two VLCCs, both shiptypes with a number of options. Maran Gas Maritime has already four ME-GI powered LNG
Specialist liquefied natural gas (LNG) training and simulation provider GTT Training has been awarded a contract by Teekay Shipping to supply the G-Sim LNG simulator software into its training centers in Glasgow, Manila and Bahrain.
ABSG Consulting Inc., a subsidiary of ABS Group of Companies, Inc. (ABS Group), has been contracted by Kinder Morgan, Inc. to develop a Maintenance and Integrity Program for the liquefied natural gas (LNG) regasification terminal at Elba Island (Elba LNG Project) near Savannah, Georgia.
PAO Sovcomflot (SCF Group) and VTB Bank have signed a $260 million 13-year loan agreement, providing financing of construction of an Arctic liquefied natural gas (LNG) tanker for the Yamal LNG project. The agreement was signed on June 17, 2016 by Sergey Frank
Golar LNG Limited announced that it has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure Partners. The joint venture company, Golar Power Ltd, will offer integrated LNG based downstream solutions
Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has launched a debt financing of USD 1.05 billion with a number of international banks to re-finance six legacy vessel facilities. The Legacy Facility Re-financing covers eight on-the-water
21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance and License Agreement (TALA) for the construction of GTT membrane containment systems