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Natural Gas Sector News

10 Nov 2021

INSIDE THE DATA BARGE: Silicon Valley Meets Maritime in the Making of NDT's Barge-based Data Center

Photo courtesy Nautilus Data Technologies

Nautilus Data Technologies (NDT) and Elliott Bay Design Group (EBDG) provide an interesting new twist to the maritime digitalization discussion, with the design, manufacture and delivery of an innovative 7MW data center housed on a refurbished 240-ft. deck barge. Jim Connaughton, CEO, NDT & Michael Complita, PE – VP Strategic Expansion, EBDG, discuss the strategic and environmental advantages as well as the future of housing massive computer banks on barges.When one says “Silicon Valley”, the first image to come to mind likely is not a barge.

30 Aug 2021

Excelerate, Petrobras Reach Deal on Bahia Terminal FSRU

Credit: Excelerate Energy

Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal.Excelerate will deploy one of its existing Floating Storage and Regasification Units (FSRU) for service at the Bahia Regasification Terminal, start importing LNG and selling regasified natural gas to its Brazilian customers, once the financial and legal qualification and certification stages have been concluded and all necessary regulatory approvals have been obtained.Steven Kobos…

18 Feb 2020

Golar LNG Pact with BR Distribuidora

Golar Power, which offers integrated liquefied natural gas (LNG) based downstream solutions, and Petrobras Distribuidora S.A. (BR Distribuidora) announce the formation of a Partnership for the development of an LNG distribution businesses in Brazil. According to a press release, the intention is to introduce LNG as an alternative to the fuels currently available to Brazil’s cargo and people transportation, industrial, thermoelectric generation, commercial and residential sectors.Both Golar Power and BR Distribuidora believe that LNG is an innovative and potentially disruptive solution for the transportation sector in Brazil that delivers environmental benefits as well as important economic gains for customers, society and for Brazil as a whole.

06 Sep 2019

HHI to Deliver New LNG Carrier to TEN in 2021

Greek tanker company TEN announced that it is proceeding with the order of one-option-one 174,000cbm liquefied natural gas (LNG) carrier from Hyundai Heavy Industries (HHI) in South Korea.The vessel will be delivered in the second half of 2021, said the transporter of owning a versatile fleet of modern crude and product tankers with strong ice-class capabilities, shuttle tankers and LNG vessels.With this order, the Company’s LNG proforma fleet rises to four vessels, two of which are employed on time-chartered contracts with major international natural gas production and trading entities."TEN continues its stated policy of maintaining a diversified energy fleet with a focus on LNG as an area of growth.

21 Aug 2019

African LNG to Attract $103Bln in 2019

With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most profitable strategy for realizing Africa’s gas potential, said Gas Exporting Countries Forum (GECF).Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves and is expected to contribute nearly 10 percent of global production growth through to 2024.Nigeria accounts for over 50 percent of current LNG production capacity on the continent. With October 2019 seeing a final investment decision on the $12 billion…

19 Dec 2018

Russian Novatek, Italian SACE in LNG Pact

Russian gas giant Novatek and SACE SIMEST, the Italian export credit company part of CDP Group, have finalized an agreement on strategic cooperation in the liquefied natural gas (LNG) projects, including Arctic LNG 2."PAO Novatek and SACE signed a Memorandum on Strategic Cooperation in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving Italian suppliers and engineering companies," said a statement from Novatek.“We successfully cooperated with SACE in the financing of our Yamal LNG project” noted Novatek’s Chairman…

14 Dec 2018

Christophe de Margerie Loads First Cargo from Third Train Yamal LNG

The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced at the third train of Yamal LNG plant, at the Port of Sabetta on the Yamal Peninsula.Dmitry Medvedev, the Russian Prime Minister, initiated the start of cargo operations via a video conference with the vessel’s Master Sergey Zybko.Dmitry Medvedev congratulated Yamal LNG on reaching full production capacity and noted:“This is a significant milestone for the entire Russian gas industry and, of course, for our international partners, and for international cooperation in the energy sector. For half a century…

10 Aug 2017

ENI, Anadarko to Build LNG Terminals in Mozambique

Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that could transform it from a poor African country into a major energy supplier to Asia. The agreements were signed by Mozambique's energy minister Letícia Klemens and the regional heads of ENI and Anadarko, a Texas-based oil producer. The two companies will separately build their own terminals, Klemens told a press conference. She declined to give the size of the investments.

22 Aug 2016

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Photo courtesy of Nakilat

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications (EMC) service line to provide marine VSAT services for vessels in its fleet of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carriers. Under the contract, Global Eagle Entertainment’s EMC is supplying global Ku-band VSAT connectivity and content to enable a range of internet, data and voice services for the vessels and crew.

08 Jul 2015

Egypt, Russia Pact for LNG Shipments

Image by ESRG

The Egyptian Natural Gas Holding Company (EGAS) signed an initial agreement with Russian company Rosneft to supply oil products and liquefied natural gas (LNG) shipments. The document defines key terms of the future cooperation between the companies in the area of LNG supplies. The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies. Minister of Petroleum…

22 Jan 2015

Maersk Drilling Mulls Leviathan Contracts

Jonas Bjork, commercial manager Maersk Drilling Denmark, a subsidiary of Maersk Group, says that Israel is in his radar in the near future and hinted that his company targets Leviathan contracts, reports Globes. Bjork added that the Israeli government may make things difficult, but it is also willing to listen and to learn. His impression is that the regulation in Israel in the natural gas sector is difficult, but the government is prepared to study the energy field, is open to change, and is flexible. According to Bjork, he came to Israel to investigate whether there is a market for drilling here. He knows that the Leviathan reservoir will need rigs for both drilling and production of gas and oil, he pointed out. The expectation is that 8 wells will be drilled at Leviathan.

21 Aug 2014

Mozambique: $30b Invested for 2018 LNG Export

More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said. The investments will be made to develop the northern ports of Pemba and Palma, where a giant logistics base and LNG production plants are planned that will use gas produced from offshore fields in the Rovuma Basin being developed by U.S. oil major Anadarko Petroleum Corp and Italy's Eni. Mozambique, which still bears the scars of a 1975-1992 civil war, is hoping revenues from its large gas deposits and its fledgling coal mining industry will help it emerge from years of poverty and dependence on foreign donors.

22 Apr 2014

China's Seizure of Japanese Ship has Pre-WWII Roots

It all began with a pre-World War II contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937, the ships were nowhere to be found. That year also marked the start of a full-scale war between China and Japan. And so began a protracted legal case which came to a head last weekend, when a Chinese court ordered the seizure of an iron ore carrier owned by the successor to the original Japanese company in compensation for the loss of the two Chinese vessels. The impoundment has created unease in Japan's government, which warns that the action could affect Japanese businesses in China. It remains unclear whether the sudden ruling by the Shanghai Maritime Court would herald the seizure of more Japanese assets.

22 Apr 2014

China's Japanese Ship Seizure has pre-WWII Roots

It all began with a pre-World War Two contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937, the ships were nowhere to be found. That year also marked the start of a full-scale war between China and Japan. And so began a protracted legal case which came to a head last weekend, when a Chinese court ordered the seizure of an iron ore carrier owned by the successor to the original Japanese company in compensation for the loss of the two Chinese vessels. The impoundment has created unease in Japan's government, which warns that the action could affect Japanese businesses in China. It remains unclear whether the sudden ruling by the Shanghai Maritime Court would herald the seizure of more Japanese assets.

14 Aug 2013

Dachser in Rio de Janeiro: Great Optimism for Brazil

When Dachser, the German multinational corporation and international logistics operator, announced the opening of its newest office in Brazil at Rio de Janeiro in June, the company did so with great optimism about the future of its market. The Brazilian market is experiencing a time of significant visibility, which has been enhanced by the upcoming world sporting events to be held in the country--the 2014 FIFA World Cup and the 2016 Olympics. Collectively, the events have begun to lead to both investments, which may come to reach 30 billion dollars and business opportunities in different fields. The state of Rio de Janeiro, where the new Dachser branch is situated…

09 Apr 2002

El Paso Global LNG Signs MOU With EGAS

El Paso Global LNG, a subsidiary of El Paso Corporation has signed a Memorandum of Understanding (MOU) to work with the Egyptian Natural Gas Holding Company (EGAS) and the Eqyptian General Petroleum Corporation (EGPC) to investigate opportunities for El Paso to invest in the natural gas sector in Egypt. The MOU will allow the parties to cooperate in the exploration, production, gathering, transportation, and processing of natural gas and the possible development of a liquefied natural gas (LNG) liquefaction plant in Egypt. The parties will begin various studies into Egypt's natural gas sector immediately.

19 Nov 2007

Gas De France Acquires Stake in Block in Egypt

Gaz de France has acquired 45 percent stake in the Alam El Shawish West license in Egypt from Greek company Vegas Oil and Gas. The license is located at the Abu Gharadig Basin in the Western Desert, southwest of Alexandria. Several significant discoveries have already been made there and an exploration program has been under way. Oil production is expected to begin very shortly, followed by natural gas production in the years to come. Vegas Oil and Gas will remain the operator for the license. The transaction is subject to approval by the Egyptian authorities. A company announcement said that through this acquisition, Gas De France will be able to increase its portfolio of reserves by at least 30 million of barrels of oil equivalent, according to preliminary estimates.

03 Sep 1999

Exxon, Mobil Address EU Concerns Regarding Merger

Exxon Corp. and Mobil Corp. have moved to address European Commission concerns about their merger in the natural gas sector in Germany and over an existing European joint venture between Mobil and BP Amoco Plc, a Commission spokesman said. The Commission was also no longer concerned that the $80 billion merger and a rival deal between BP Amoco and Atlantic Richfield would result in excessive consolidation in oil exploration, the spokesman added, paving the way for regulatory approval in the European Union. The news that the Commission has dropped fears the two oil mergers could significantly reduce competition in the upstream sector…