ABB wins orders worth US$ 80-million in connection with one of Australia’s largest oil and gas developments offshore Darwin, Northern Australia The contract is to supply power technologies and medium-voltage drive systems for the new Ichthys liquefied natural gas (LNG) project’s processing plant near Darwin, Australia. The equipment will power the plant and control the compressors that liquefy the gas. Approximately half of the order value was booked at the end of the first quarter with follow through orders in the second quarter. Gas from the Ichthys Field, in the Browse Basin approximately 200 kilometers (km) off the coast of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889 km subsea pipeline. The Ichthys LNG project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak. ABB’s equipment will facilitate the main power supply for the onshore dual train LNG processing facility and control the compressors that liquefy the gas collected from the offshore field. ABB will design and deliver a power supply solution for the LNG processing facility, including supply of key equipment such as power and distribution transformers, medium-voltage switchgear, low-voltage motor control centers (MCC)
McDermott International, Inc. announced that a subsidiary of J.Ray McDermott, S.A. has been awarded a contract by Ras Laffan Liquefied Natural Gas Company Limited (3) to provide engineering, procurement, construction and installation services for new facilities in Qatar’s North Field, as part of the Phase 2 Offshore Expansion Project. Contracts of this type are typically valued at approximately $0.5 billion. “RasGas is a valued client of J
The Coast Guard recommended to the Federal Energy Regulatory Commission that the waterways associated with the Calais LNG, LLC proposal to construct an LNG facility in Calais, Maine, are suitable for LNG vessel transits provided certain safety and security actions are taken as part of the permit. The Coast Guard's role in the process was to assess the safety and security issues associated with LNG tankers transiting the Passamaquoddy Bay and the St. Croix River.
In the 2nd Indonesian International Bid Round 2010, Eni has been awarded the 100% participation interest and operatorship of Block Arguni I located on and offshore in the West Papua Province, Eastern Indonesia. The Block Arguni I covers an area of 5,386 square km in the Bintuni Basin, a mainly gas prone, prolific hydrocarbon province, with several giant gas discoveries already in production. The deal involves the drilling of 2 wells and the carrying out of 500 km of 2D and 200 square km of
Scheduled for September 23-24, 2013 in Hamburg, the fourth STG Ship Efficiency conference will focus on one of the key issues for future shipping. The German Society for Maritime Technology, STG, launched this series of conferences to provide a platform for maritime leaders to exchange interdisciplinary ideas and expertise on questions related to ship efficiency. The conference will cover many aspects of ship efficiency, including: How to improve the efficiency of shipping operations.
Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC from a subsidiary of Anadarko Petroleum Corporation (Anadarko) for US$11.0 million, and the satisfaction of standard closing conditions and consents. This acquisition of BHLC is in line with LNGL’s strategy of acquiring sites in North
Braemar Engineering, the marine engineering consultancy arm within the Braemar Shipping Services Group, has launched a new venture which recognizes the growing importance of LNG as a global maritime fuel source. It will be taking its experience and skills in dynamic positioning (DP), LNG in the marine environment, and LNG supply, and applying them to a new operation that will advise on every aspect of the use of LNG as a fuel source in the offshore sector.
Texas LNG LLC says it has as filed an application to the United States Department of Energy (DOE) seeking authorization to export up to 2 MTA (million tonnes per annum) of Liquefied Natural Gas (LNG) to FTA (Free Trade Agreement) and non-FTA markets following the execution of its exclusive lease option agreement with the Port of Brownsville in South Texas, USA. The company explains it will employ a toll processing business model whereby the LNG customer will pay Texas LNG a fee for converting
The Obama administration on Thursday announced a major overhaul of its review process for U.S. liquefied natural gas exports, a change that would benefit companies with strong financial backing for their projects. Under the proposal, the Department of Energy would no longer issue conditional approvals of projects. Instead, the department would decide whether an LNG export project is in the national interest only after the Federal Energy Regulatory Commission
Texas LNG LLC today announced that it has received authorization from the U.S. Department of Energy (DOE) to export domestically produced LNG to all existing, and any future, countries that have, or enter into, an FTA with the Government of the United States. DOE approval of FTA exports is an important component of the regulatory process necessary to develop Texas LNG's project on its 110 plus acre site with deepwater frontage to the Port of Brownsville shipping channel in Brownsville
LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030 Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year
First Australian commercial LNG bunkering completed in WA’s north-west on 23 January 2017 by EVOL LNG for Woodside Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier
Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year
Russia's largest private gas producer Novatek has no need to increase borrowing as it has sufficient funds for investments into its Yamal LNG project, the company's management said on Wednesday. At a conference call with analysts, Novatek's chief executive Leonid Mikhelson said his company has
Excelerate Energy will deliver its second floating storage and regasification unit (FSRU) to Pakistan following negotiations with a consortium comprising Engro, Fatima, and Shell. It is expected to be the country's 4th such floating terminal.
India, the world’s fourth-largest buyer of liquefied natural gas (LNG), has announced plans to halve its basic customs duty on imports of the chilled fuel. Indian Finance Minister Arun Jaitley presenting the Budget for 2017-18 in Parliament halved the import duty on LNG to 2
LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report. Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015
The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Al Dafna from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 2 February 2017, as part of the planned and phased transition announced on 19th October 2016.
Bernhard Schulte Shipmanagement (BSM), a leading global maritime services company, and Babcock International Group, the UK’s leading engineering support services company, are collaborating to develop a ground-breaking Gas Supply Vessel (GSV)
Loading of cargoes from Australia's North West Shelf (NWS) liquefied natural gas (LNG) and condensate project has been halted due to adverse weather, traders with direct knowledge of the matter said on Wednesday. It remains unclear when cargo loadings at the port of Dampier will resume
Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and the year were low than the corresponding periods for 2015. Group profit before tax for the quarter ended 31st December
Shell and Pavilion Gas will start supplying Singapore with liquefied natural gas (LNG) later in 2017 under contracts awarded last year, the city-state's trade minister said on Tuesday. "We will also allow interested parties to import spot LNG in the second half of 2017
ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea
ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea.