Emergency Buy: LNG Tankers Start Offloading Cargo in Mexico
Mexico on Friday began discharging the first of at least four cargoes of liquefied natural gas (LNG) bought under emergency to ease gas scarcity and power cuts at its Northern states after a cold snap hit supplies via pipeline from the U.S. South.The Marshall Island tanker Flex Courageous carrying U.S. LNG docked on Friday at the Manzanillo terminal on the Pacific Coast, Refinitiv Eikon data showed. The vessel is expected to discharge about 162,850 cubic meters that the government plans to supply to several power plants.A second cargo also from the United States on the tanker Seri Balhaf is waiting to discharge about 151,300 cubic meters of LNG at Mexico's Altamira terminal on the Gulf Coast…
LNG Tankers to Arrive in Mexico's Ports to Offset Gas Shortage Caused by Cold Snap in U.S.
Two tankers carrying U.S. liquefied natural gas (LNG) for Mexico are expected to arrive on Thursday in the country's Altamira and Manzanillo ports, government officials said and Refinitiv Eikon data showed, part of emergency purchases by the government to ease interrupted gas supplies.Mexico resorted to LNG supplies to partially offset a gas deficit for power generation after cold-weather froze several key gaslines crossing the U.S. border. The governor of Texas on Wednesday banned out-of-state gas supplies through Feb. 21 to prioritize the state's utilities.The Latin American nation is also ramping up electricity generation for its…
AIE Buys Gas from Port Kembla LNG
Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could help meet a looming gas shortage in southeastern Australia, even as the country is set to become the world’s top LNG exporter.Commencing 1 January 2021, the five-year contract will supply gas for EnergyAustralia’s residential and industrial customers as well as for electricity generation.This announcement follows the NSW Government’s decision in April 2019 to award development consent to AIE’s PKGT…
CNOOC Storing LNG Offshore
China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.China faced a severe winter gas shortage last year after switching millions of households to natural gas from coal for heating, prompting Chinese companies this winter to secure supply well ahead of time, they said.However, the winter so far has been relatively mild and weather data from Refinitiv Eikon largely points towards warmer than usual temperatures ahead…
ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no.2 energy retailer AGL Energy to start importing LNG by 2021 and a consortium involving Japan's JERA to start imports from 2020.ExxonMobil is also stepping up exploration off the coast of Victoria and considering developing a gas field called West Barracouta close to an existing field…
LNG Tankers Divert to China as Winter Demand Spikes
China's LNG demand soars as tankers from the Americas divert to China. Liquefied natural gas (LNG) is being re-exported to China from Japan and tankers are being diverted from as far away as Brazil, with traders rushing to find cargoes in the face of a supply crunch in the world's No.2 economy as winter bites. Following an unprecedented drive to switch millions of households to natural gas from coal for heating, China's imports of LNG have surged as utilities struggle to meet soaring demand as winter gets off to a colder start than usual. "We expect to see many more LNG cargo diversions to China over the winter period," said Saul Kavonic, an analyst at energy consultancy Wood Mackenzie in Singapore. "Given China's ...
BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development of the LNG storage and regasification facility, a part of the Ghana 1000 Gas to Power Project and Africa’s first LNG import terminal. Endeavour is co-leading development with General Electric, Eranove and local partners Sage Petroleum with the aim of providing the Ghanian government with Sub Saharan Africa’s largest power park, providing more than 1000MW to the national grid once completed. Excelerate Energy is providing assistance in siting the floating LNG terminal infrastructure…
Offshore Energy Timeline:1806-2014
1806 - Spring pole cable drilling developed in US. 1844 - Fluid circulating rotary well drilling patented in England. 1845 - Circulated fluid used to remove drill cuttings for first time. 1860 - Fluid circulation rotary diamond coring drill developed in France. 1869 – T homas Fitch Rowland patents a “submarine drilling apparatus,” a fixed, working platform for drilling offshore to a depth of almost 50 feet. The anchored tower had telescoping legs, similar to modern offshore platforms. 1878 - First bulk oil tanker begins operation in the Caspian Sea. 1891 - First ocean-going tanker launched. 1897 - Wells drilled off piers in Summerland, Calif. 1905 – Oil discovered in the Caddo Pine Island field in Lousiana. 1911 - Gulf Refining Co.
Total to Begin Offshore Exploration in Bay of Bengal
According to a recent Reuters report, European energy major Total SA (TOTF.PA) will begin exploring for hydrocarbons in the Bay of Bengal in November, a senior energy official recently stated. In March this year, Total acquired the major stakes of UK-based Tullow Oil PLC (TLW.L) in offshore blocks 17 and 18 and received energy ministry approval to extend the exploration period stated in the production sharing contract by three years until May 5, 2009. The acquisition has left Tullow with a 32 percent stake, U.S.-based Okland Oil Co with 8.0 percent, while Total holds the remaining 60 percent in the offshore blocks. The firm will also drill one exploratory well to a depth of at least 3,000 metres (9,840 ft) in the Bay of Bengal to find new gas reserves in the structure, the official said.
Woodside to Evade LNG Concerns with New Ships
According to Bloomberg, Perth-based Woodside Petroleum Ltd. plans to skirt concern among Californians about the safety of liquefied natural gas import terminals by delivering the fuel directly into pipelines from ships moored offshore. Australia's second-biggest oil and gas producer will invest to develop the new technology and get access to the most populous U.S. state. In June, Woodside withdrew from a plan to build a permanent LNG terminal in the state, which relies on imports for 87 percent of its gas. Larger rivals including BHP Billiton have so far failed to persuade Californians to accept construction of terminals on or near the mainland and ease a gas shortage that helped to boost prices more than fourfold since 2001.
