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Natural Gas Production Facility News

06 Sep 2023

SHI Touts 'Eco-Friendly' Strategies at Gastech '23

Digital twin-based autonomous navigation technology.  Image courtesty SHI

At Gastech 2023, Samsung Heavy Industries (SHI) offers a separate 216 sq. m. exhibition hall at the Singapore Expo venue showcasing its technological developments in LNG and LCO2 transport vessels, centered around the FLNG (Floating Liquefied Natural Gas Production Facility) models.On the September 7, SHI plans to hold a future eco-friendly technology seminar for key customers to address global climate change. Dubbed "Sustainable Future with Green & Digital," the seminar will feature participation from major customers…

18 Apr 2016

French Banks Eye Yamal LNG Project

French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting Russia's Economic Development Minister Alexei Ulyukayev. "As for French banks - we have made very serious progress there, we are very optimistic about it. I do hope [that the agreement on lending will be signed this year]," the minister said. Earlier this year, Russia’s largest independent gas producer Novatek confirmed the volume of capital expenditures for Yamal LNG project in the amount of $27 bln. Yamal LNG is trying to raise more than $10 billion in external financing, mainly from China, for the project, which is only Russia's second LNG plant.

04 Feb 2016

Balasus-Lange to Head DEA Deutsche Erdoel Division

Effective as of 1 February, Uwe Balasus-Lange (49) took over the function as Head of the newly created division Germany/Denmark of DEA Deutsche Erdoel AG. He was previously engaged as Head of Field Development at the Hamburg-based company. In the course of his past career Mr Balasus-Lange acquired extensive experience in Germany and abroad as well as in-depth functional expertise in all areas of the upstream business. Mr Balasus-Lange is familiar with the details of the scope and tasks of the new division created as part of the restructuring programme as he was engaged as production engineer in the natural gas production facility in Lower Saxony and as Head of the Bavarian gas storage facilities.

20 Sep 2007

SBM Enters JV with Linde

According to reports, SBM Offshore said it expects the first sale of its Liquified Natural Gas offshore production facility, called LNG FPSO, within 18 months, and also announced a development partnership with Germany's Linde AG. SBM said it now considers the LNG FPSO ready for marketing and added that it can now establish the cost and delivery time of each unit. The LNG FPSO is an offshore liquefied natural gas production facility that allows the development of stranded offshore gas fields as it produces, liquefies and stores gas. SBM said capital expenditures on each unit is $2b. To shorten the design and delivery cycle time of the LNG FPSO, SBM said it decided to form a partnership with Linde.