ConocoPhillips and Bechtel Renew Worldwide LNG Alliance

Monday, October 14, 2002
ConocoPhillips and Bechtel Corp. have agreed to renew their collaboration of pursuing worldwide liquefied natural gas (LNG) projects. The collaboration will build upon the recent success of ConocoPhillips as a major owner and participant in the worldwide LNG industry, and Bechtel's recent awards in the engineering and construction of major projects in Trinidad and Egypt. "The ConocoPhillips-Bechtel collaboration continues our commitment to providing our LNG technology while leveraging our position as a pre-eminent participant in the LNG industry worldwide," said Rick Hernandez, ConocoPhillips' manager of worldwide LNG technology licensing. "ConocoPhillips and Bechtel continue to capitalize on our respective LNG strengths to increase our global market share of LNG facilities." Amos Avidan, Bechtel's principal vice president and manager of petroleum and chemicals technologies, said: "Bechtel has been a global leader in LNG engineering and construction for over 30 years, and our recent awards add to our LNG design portfolio. Combining our expertise with ConocoPhillips' continues to provide our customers with lower capital and operating costs, faster time to market, more reliable operations, and overall greater value." The ConocoPhillips' Optimized Cascade LNG Process was first used in 1969 in the company's gas liquefaction plant on the Kenai Peninsula in Alaska. Designed and built by Bechtel, the facility was the first to ship LNG to Japan and the first to use gas turbines to drive its compressors. It has demonstrated more than 32 years of uninterrupted supply to Japanese customers. Bechtel and ConocoPhillips are currently working on expanding the Atlantic LNG facility in Trinidad. Train 1 has achieved high availability and reliability in its first three years of operation. Train 2 recently was started up successfully, and engineering construction is continuing on additional trains. Bechtel and ConocoPhillips are continuing to enhance the technology through their Houston-based LNG Product Development Center, where current efforts are aimed at developing higher-capacity plants with improved environmental performance. The center is staffed by employees from both companies and further improves the ConocoPhillips Optimized Cascade LNG process and supports marketing efforts worldwide.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

MSC Jade Sails with MAN's Biggest Engine

The largest and most powerful engine from MAN Diesel & Turbo’s portfolio ever designed and built has entered service.   Built by Doosan Engine in Korea and rated at 75,

Terntank's first 15000DWT Chemical Tanker Passes Sea Trials

The first dual-fuel two-stroke engine employing the low-pressure X-DF gas admission technology developed by Winterthur Gas & Diesel (WinGD) has passed the final

Klüber Synthetic Gear Oils Offer Max Efficiency

Klüber Lubrication, manufacturer of specialty lubricants, provides high-performance gear oils that are based on high-grade raw materials and advanced additives,

Energy

VEB Guarantees $3 Bln of Yamal LNG Debt

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.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Security Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0820 sec (12 req/sec)