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Gas Value Chain News

14 Nov 2023

Daphne Technology Sets Up Shop in Houston

© Ramiro / Adobe Stock

Daphne Technology has established a U.S. subsidiary, Daphne Technology USA, and has appointed Jamie Brick, to lead its North American operations from Houston, Texas.Daphne Technology says its core focus is the development of sustainable solutions to combat harmful emissions. The company's SlipPure after-treatment system, which reduces methane emissions in the exhaust of natural gas-fueled engines (aka “slip”), has received approval in principle (AIP) from Lloyd's Register (LR) and DNV.

18 Aug 2021

Petronas Says Delivers Maiden Carbon Neutral LNG Cargo

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Malaysian oil and gas company Petronas said Wednesday it had delivered its first carbon neutral liquefied natural gas (LNG) cargo to Shikoku Electric.The cargo was delivered from the Petronas LNG Complex (PLC) in Bintulu and was received Tuesday at the Sakaide LNG terminal in Shikoku Island, Japan.Petronas said it had offset the estimated life cycle carbon footprint of the LNG cargo through renewables-based carbon credits for the emissions generated from upstream gas exploration and production…

09 Jun 2021

Pavilion Energy Pens 10-Year LNG Deal with BP

Credit: BP

Singapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP's Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.The long-term binding LNG sale and purchase agreement (SPA) is for the supply of about 0.8 million tonnes of LNG a year to Singapore, Pavilion and BP said in a joint statement. They did not give financial details.This is the third long-term deal that Pavilion, owned by Singapore state investor Temasek Holdings, has signed since November.

12 Mar 2021

Keppel Delivers Another LNG Vessel to Avenir LNG

Credit: Keppel

Keppel Offshore & Marine has delivered its second newbuild LNG carrier, the Avenir Accolade, to Avenir LNG.The LNG carrier can also function as an LNG bunkering vessel (LBV), making it the third LBV that Keppel has delivered."The dual-fuel Avenir Accolade attests to Keppel’s growing track record in solutions for the gas value chain and reinforces Keppel’s Vision 2030 to seize opportunities in LNG solutions," said the company which in January announced it would exit the drilling rig building business.The 7…

14 Oct 2020

Keppel Delivers Its First LNG Carrier Avenir Advantage

Credit: Keppel

Keppel Offshore & Marine has delivered its first liquefied natural gas (LNG) carrier, Avenir Advantage, to Avenir LNG. The vessel also functions as an LNG bunkering vessel (LBV), making it the first in South East Asia to do so, Keppel said.Avenir Advantage is the first of two such vessels that Keppel O&M is building for Avenir LNG. The 7,500m3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on both diesel and LNG. Keppel O&M’s technology arm…

02 Mar 2020

Tanker Owner to Stop Shipping Rosneft's Venezuelan Oil

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Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm's Swiss trading unit.Washington imposed sanctions in February on Rosneft's Geneva-based unit Rosneft Trading (RTSA), accusing it of providing a financial lifeline to Venezuelan President Nicolas Maduro's government.Last month when the sanctions were announced, the company issued a statement calling the actions  against Rosneft’s subsidiary RTSA and its Chairman "illegal…

08 Dec 2019

Wison, GTT Ink LNG Floater Accord

French technology firm Gaztransport and Technigaz (GTT) has signed a technical assistance and license agreement (TALA)  for the use of its membrane solutions for liquefied natural gas (LNG) vessels with Chinese shipyard Wison Offshore & Marine (WOM).The deal covers equipment of floating liquefied natural gas units (FLNG), floating storage and regasification units (FSRU), floating storage regasification power (FSRP) units and LNG carriers, using membrane solutions developed by the French LNG containment specialist.WOM is a pioneer in floating LNG in China, being the first in the world to deliver barge-based FLNG and FSRU on a turn-key basis.

05 Aug 2019

Saipem Joins JV for Arctic LNG2 Project

Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in the west of Siberia.The subsidiary of Eni said in a press release that it has has reached an agreement with Technip France SA and NIPIgaspererabotka to participate in the Joint Venture for the realization of the Arctic LNG2 project.The project has been awarded by Arctic LNG2, a company formed by Novatek JSPC (60%) and Ekropromstroy Ltd (40%).It comprises the detailed design, procurement, fabrication, construction, commissioning and start-up of three liquefied natural gas (LNG) trains…

09 Jun 2019

BHGE Launches Multimodal Facility in Angola

Baker Hughes, a GE company (BHGE) announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola.The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a hub to support customers and projects in Angola and Southern Africa region, and will also serve customers on a global scale.The strategic location for this multipurpose facility puts BHGE in close proximity to serve important projects in the region. This will enable BHGE to provide faster response and mobilization to customer sites, and reduced product and service delivery costs based on economies of scale of a one-stop shop.

16 Apr 2019

Keppel to Start Work on Golar's FLNG vessel

Keppel Shipyard Ltd (Keppel Shipyard), has received the Final Notice to Proceed (FNTP) from Gimi MS Corporation, a subsidiary of Golar LNG Limited, to commence full conversion works for the Gimi Floating Liquefaction Vessel (FLNG) project.The wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) said in a press release that  the total contract is worth US$947million and builds on the issuance of the Limited Notice to Proceed (LNTP) on 17 December 2018.Keppel Shipyard's scope of work in the conversion of a Moss Liquefied Natural Gas (LNG) carrier into an FLNG vessel includes the design, detailed engineering and procurement of the marine systems as well as conversion-related construction services.It will be similar to the work done on the first FLNG vessel…

14 Apr 2019

Keppel Makes First LNG Cargo Import from N. America

Singapore's Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure Holdings, has completed its first liquefied natural gas (LNG) cargo import under Singapore's spot import policy.The policy allows gas customers in the Republic to import up to 10 per cent of their annual long-term contracted LNG intake on a spot cargo basis.The spot cargo of 160,000m3 of LNG originated from an LNG liquefaction project in North America, marking the first time that Keppel Gas has diversified its gas supply portfolio beyond Southeast Asia.The LNG cargo reached Singapore on 10 April 2019 and will be regasified as feedstock for downstream customers and end users, including Keppel Merlimau Cogen, over a continuous period of 30 days.

13 Feb 2019

Oceanic Breeze Brings LNG to Japan

Japanese energy company INPEX Corporation announced that the LNG Tanker Oceanic Breeze called for the first time at INPEX’s Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture, Japan.The tanker has delivered a cargo of liquefied natural gas (LNG) from the INPEX-operated Ichthys LNG project in Australia.Oceanic Breeze is owned by Oceanic Breeze LNG Transport S. A. (OBLT), a joint venture between INPEX Shipping Co., Ltd. (INPEX Shipping) (30%) and Kawasaki Kisen Kaisha Ltd. (K-Line) (70%), and designated to transport the 0.9 million tons per year of Ichthys LNG entitled to INPEX.Oceanic Breeze’s transportation and delivery of Ichthys LNG to the Terminal marks a significant milestone in INPEX’s development of a global gas value chain business…

21 Jan 2019

China’s Oil and Gas Industry to Focus on Environment Impact

China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally. Industry leaders’ focus on decarbonization aligns with the Chinese government’s new ‘Blue Sky’ plan to tackle air pollution by reducing emissions of sulphur and nitrogen oxides and other pollutants by at least 15% from 2015 levels by 2020. The technical advisor to the oil and gas industry said that these findings appear in A test of resilience, the technical advisor’s ninth annual report on the outlook for the oil and gas industry.

10 Jan 2019

Shell Acquires 26% Stake in Hazira LNG

Royal Dutch Shell announced that it has completed the acquisition of French oil major Total SA's 26 percent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat, India."Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and  Port Ventures from French energy major Total Gaz Electricité Holdings, to complete the acquisition," said a press statement.The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions.Shell Energy India was established in 2017…

02 Jan 2019

Keppel Wins New Marine Contracts

Singaporean conglomerate  Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries. According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea. The contract complies with applicable sanctions.To be built to the MTD 5800V LNG design, a proprietary design of Keppel O&M's ship design and development arm…

21 Nov 2018

Cepsa Appoints Musabbeh Al Kaabi as Chairman

Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Mazrouei, Ahmed Saeed Al Calily and Bakheet Al Katheeri as members of the Board for a statutory period of four years.The three new board members, all senior executives of the Mubadala group, have distinguished backgrounds and broad experience and knowledge of the energy sector.Musabbeh Al Kaabi, Alyazia Al Kuwaiti and Ángel Corcóstegui were re-elected for a period of four years, while Pedro Miró will continue in his position as board member…

03 Oct 2018

Novatek, Siemens Sign LNG Partnership

Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was signed by Novatek Chief Executive Leonid Mikhelson and his Siemens counterpart Joe Kaeser in Moscow.According to the agreement, the parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest.

24 Sep 2018

OGCI Pledges to Tackle Methane Emissions

The Oil and Gas Climate Initiative (OGCI) has announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a reduction by one third.The methane intensity refers to the methane that gets lost in the atmosphere when producing oil and gas, as a percentage of the gas sold. This effort represents a significant milestone in tackling a key issue in the fight against climate change and underlines OGCI’s stance in working together to support the goals of the Paris Agreement.Achieving the agreed intensity target of 0.25% by the end of 2025 would reduce collective emissions by 350,000 tonnes of methane annually, compared to the baseline of 0.32% in 2017.

09 Sep 2018

Global Oil Demand to Peak in 2023

While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. DNV GL’s 2018  Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from USD960 billion (bn) in 2015, to a peak of USD1.13 trillion in 2025. Upstream gas operating expenditure is set to rise from USD448 bn in 2015 to USD582 bn in 2035, when operational spending will be at its highest.“The energy transition will be made up of many sub-transitions. Our Outlook affirms that the switch in demand from oil to gas has already begun.

22 Jul 2018

Keppel Wins FPSO, FSRU Contracts

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard) has been entrusted with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a leading global operator of oil and gas production vessels.Mr Chris Ong, CEO of Keppel O&M, said…

05 Jun 2018

Keppel to Build South East Asia’s First LNG Bunkering Vessel

Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd, has secured a contract from FueLNG, a joint venture between Keppel O&M and Shell Eastern Petroleum (Pte) Ltd, to build South East Asia's first Liquefied Natural Gas (LNG) bunkering vessel valued at approximately S$50 million. Scheduled for completion in 3Q 2020, the dual-fuel LNG bunkering vessel will have a capacity of 7,500 cubic metres. FueLNG will receive a grant of up to S$3 million as part of the Maritime and Port Authority of Singapore's (MPA) LNG Bunkering Pilot Programme (LBPP). Mr Andrew Tan, CEO of MPA, said, "We are pleased that FueLNG, Keppel and Shell are taking the lead in growing the LNG bunkering infrastructure in Singapore.

06 Mar 2018

First LNG from Cheniere US to GAIL India

Cheniere Energy and GAIL (India) today marked the commencement of their 20-year Sale and Purchase Agreement (SPA) to supply U.S.-sourced liquefied natural gas to India from Cheniere’s Sabine Pass liquefaction facility in Louisiana, with one of GAIL’s first shipments departing from the facility. The ship will set sail after today’s ceremony to mark the occasion at Sabine Pass in the presence of Cheniere President and CEO Jack Fusco and GAIL Chairman and Managing Director Mr. B.C. Tripathi, who were joined by Consul General Dr. Anupam Ray, as well as representatives from Cheniere and GAIL. The SPA, which was signed in December of 2011, commenced on March 1, 2018.

26 Nov 2017

8 Energy Firms Commit to Reduce Methane Emissions

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall have committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer – to do the same. The commitment was made as part of wider efforts by the global energy industry to ensure that natural gas continues to play a critical role in helping meet future energy demand while addressing climate change. Since natural gas consists mainly of methane, a potent greenhouse gas, its role in the transition to a low-carbon future will be influenced by the extent to which methane emissions are reduced.