Golar LNG Enters Preliminary Deal for BP FLNG
Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal.The Preliminary Agreement with BP Mauritania Investments Ltd and BP Senegal Investments Ltd creates obligations on Golar to progress FEED work and be ready for a vessel conversion from July 1, 2018 onward, which would be contingent on Project FID, expected end 2018.The vessel conversion would take place at Keppel Shipyard Ltd, building on Keppel's delivery of the FLNG Hilli Episeyo, utilizing Black and Veatch Corporation's…
ABB to Service World's Largest Floating Facility
ABB announced it has has won a five-year contract to deliver equipment and services for Shell's Prelude FLNG, the world's first floating liquefied natural gas (FLNG) facility, the largest floating facility ever built. ABB's equipment will minimize downtime and optimize the efficiency of the facility. The order includes the delivery of motors, generators, variable speed drives and low-voltage switchgear and guarantees service and lifecycle management of the electrical equipment as well as service and support for motors from third-party vendors.
Hyundai Heavy Develops FLNG Model
Hyundai Heavy Industries, the world’s biggest shipbuilder and offshore facilities contractor announced today that the Company completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) model in association with Linde AG, an international industrial gases and engineering company of Germany. The Hyundai FLNG has an annual production capacity of 2.5 million tons of LNG and can store about 193,800 m3 LNG with its compact size of 355 m in length, 70 m width and 35 m in height.
EXMAR Orders Second FLNG from Wison
EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC) of the FLNG, which will be a self-contained barge with a liquefaction capacity of 0.6 MTPA and 20,000 m³ of LNG storage. The FLNG will be constructed at Wison’s shipyard in Nantong, China, where also the construction of the world’s first FLNG for EXMAR is nearing completion. EXMAR also secured additional firm options for two more FLNGs. Building on EXMAR’s nearshore barge-based FLNG concept…
Technip Samsung JV Wins 2 FLNG Project Contracts
The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome, Western Australia. The Browse project will capitalize on Shell's FLNG experience, as well as on Woodside's offshore and subsea development expertise. The first contract awarded to the Technip Samsung Consortium covers the front-end engineering design (FEED) elements of the Browse FLNG project, taking into account the composition of the gas…
FLNG Birth of a Market
FLNG deal-making has been sporadic since Woodside Petroleum at the end of 2013 delayed a final investment decision for the giant Browse FLNG project off Northwest Australia. The previous year had seen go-aheads for most of the floating liquefied natural gas projects (FLNG) underway today, including Shell’s Prelude FLNG — Woodside’s choice, it seems, of a liquefaction solution for fields 200 kilometers offshore. Yet Prelude, “the first project out”, might not be first to produce.
Shell Floating LNG Technology, Greater Sunrise Project
Shell’s Floating Liquefied Natural Gas (FLNG) technology has been selected as the Sunrise Joint Venture’s preferred option for developing the Greater Sunrise gas fields in the Timor Sea. Subject to final detailed agreements, government approvals and a final investment decision Shell will operate the FLNG facility and manage the design and build phases of the FLNG project for the Sunrise Joint Venture participants. The Sunrise project would be the second deployment of Shell’s proprietary FLNG design, following Shell’s Prelude FLNG development in the Browse basin, offshore Western Australia.
Lloyd’s Releases Guide for FLNG Facilities
Lloyd’s Register published a rule set to guide the design, construction and operation of floating liquefied natural gas (FLNG) facilities – the biggest, most complex floating structures ever seen – meaning natural gas will now be safer, cheaper and have a lower environmental footprint, the company said. Launched today, Lloyd’s Register’s Offshore Rules for FLNG vessels and facilities are based on a real-world projects and extensive work with key industry alliances. The Offshore Rules for FLNG reinforce Lloyd’s Register’s position at the forefront of new maritime and energy technology, building upon the work the company has performed with numerous LNG firsts, such as classing the first LNG fuelled tanker, Argonon.
Shell Prelude FLNG Module Shipped for Australia
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction, informs Shell. The turret is part of a mooring system designed to ensure Prelude FLNG can operate safely in the most extreme weather conditions. At almost 100 metres high, it is the largest in the world. The turret will run through the front of the facility and connect to giant chains that will keep it moored securely over the Prelude gas field.
DW Publishes New FLNG Market Forecast
Floating LNG market poised for increased investment and activity, report finds. Douglas-Westwood (DW) forecast total expenditure of $64.4bn from 2014-2020 in its new FLNG market report. Two-thirds of this spend is attributed to liquefaction infrastructure, while the remaining is from import and regasification facilities. The previous seven-year period saw minimal investment in floating liquefaction infrastructure, however, with the introduction of floating LNG vessels, global FLNG Capex is expected to experience significant increase over the next seven years.
Contruction Starts on World's Biggest Offshore Floating Facility
At 1601 ft. long x 242.7 ft. wide, the Prelude FLNG facility will be the largest offshore floating facility ever built. A new milestone was reached in the world’s use of LNG as fue, as Shell celebrated the cutting of first steel for the Prelude floating liquefied natural gas (FLNG) facility’s substructure with joint venture participants, Inpex and KOGAS, and lead contractor, the Technip Samsung Consortium, at Samsung Heavy Industries’ Geoje shipyard in South Korea. “We are cutting 7.6 tons of steel for the Prelude floating liquefied natural gas facility today…
Shell Prelude FLNG Project – Loading Gear Contract
FMC Technologies, Inc. has announced that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the 'Shell Prelude' Floating Liquefied Natural Gas (FLNG) Project. FMC's scope of supply includes seven offshore footless marine loading arms, four for liquefied natural gas and three for liquefied petroleum gas. FMC's Loading Systems business in Sens, France will design and manufacture the equipment. FLNG opens up new business opportunities for countries looking to develop their gas resources, bringing more natural gas to market. Shell is the first to go ahead with such a project, Prelude FLNG.
Hoegh LNG Pulls Out of FLNG
Norway's Hoegh LNG Holdings is putting its floating LNG (FLNG) development activities on hold and to allocate all resources and capital to its core business, FSRUs, because this is where the Company sees the highest return on invested capital and the most promising market prospects. The Company's decision is a consequence of the oversupplied LNG market and deteriorating energy and financial markets, which mean that investment decisions for new LNG production facilities, including the FLNG segment, will continue to be challenging for the foreseeable future.
Simulated Maneuver of Shell’s Prelude FLNG Facility
At 488m in length, and longer than four football pitches, Shell’s Prelude FLNG facility was always going to represent a formidable challenge even for the skilled tug masters who were charged with towing the facility from the shipyard in South Korea where it was constructed, and delivering it to its final destination, a remote gas field 475 kilometers off the coast of Western Australia. But practice makes perfect, and HR Wallingford, using its Australia Ship Simulation Center in Fremantle…
Shell Moves Forward with Floating LNG
Shell announces final investment decision on Prelude Floating LNG project in Australia. The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling. The decision…
Wison, KBR Team up for FLNG Project
Wison Offshore & Marine said it has signed a memorandum with KBR, Inc. for cooperation on a 1.5 MPTA floating liquefied natural gas (LNG) liquefaction unit (FLNG) in Southeast Asia. The companies will collaborate on a mutually exclusive basis for Kumul Petroleum Holdings Limited's FLNG project in Papua New Guinea.
Golar Cameroon FLNG Project Update
Golar LNG Limited announced its Cameroon FLNG project has received approval and signature of the binding Tolling Term Sheet thereby confirming the commercial terms for the FLNG vessel Golar Hilli. Cameroon's state owned oil and gas company Société Nationale des Hydrocarbures (SNH), Perenco Cameroon (Perenco) and Golar are all parties to the executed agreement. Operations are scheduled to begin in the second quarter of2017.
First FLNG Production Facility Completes Testing
The first natural gas floating liquefaction unit (FLNG) has completed performance testing at the Wison Offshore & Marine yard in Nantong, China, marking the first time LNG has been produced onboard a floating facility. The performance test was carried out in the presence of classification societies, EXMAR and all the relevant parties, Wison said. During the 72-hour performance test, the performance of the FLNG ensured all key design requirements and production capacities (guaranteed performance) were achieved for the unit’s operational effectiveness.
ABS Awards AIP for HHI FLNG Hull Design
ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. ABS and HHI collaborated with the objective of developing a technically feasible and class compliant FLNG hull design, using the latest industry trends while maintaining high safety standards. The ABS AIP demonstrates the design substantially complies with Class and Regulatory requirements and minimizes risk to project schedules and safe operations, giving regulatory agencies and other key stakeholders confidence in the design.
Global FLNG Capex to Total USD 37.6bln
Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report. Given the strong fundamental drivers – increasing gas consumption due to economic growth, fuel switching, and energy security – the outlook for the import vessels will remain strong over the 2018-2023 period. Despite near-term concerns due to challenging market conditions, the incentive to use FLNG units to develop gas reserves in remote places remains compelling.
Gunvor Awarded Fortuna FLNG Offtake
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalizing a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project. Gunvor will take the full contract capacity of the Gandria FLNG vessel of 2.2 MMTPA which will be purchased on a Brent-linked, Free on Board (FOB) basis for a 10 year term. The contract structure allows flexibility for up to 1.1mmtpa of the Fortuna capacity to be marketed on an alternate basis.
FLNG Construction – LR Introduce Rules
LR say theirs are the first comprehensive Rules for FLNG facilities to be based on a real-world project. At the World Gas Conference 2012 in Kuala Lumpur, LR launched its Rules for Floating Liquefied Natural Gas (FLNG) Platforms, formulated through their extensive work with Shell on its Prelude FLNG project . Upon completion, Prelude will be the largest manmade floating object, measuring 488m long and displacing 600,000 tonnes of water. "The first FLNG facilities will have 75% of the capacity of a conventional LNG liquefaction facility…
ABS's AIP for HHI FLNG Hull
ABS has granted approval in principle (AIP) to a Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. Specifically conceptualized for near-shore operations, the vessel was designed with a length of 1,050 ft (320 m), a breadth of 197 ft (60 m), and a 39-ft (12 m) draft, with LNG storage capacity of 200,000 cu m using the GTT MARK III technology. The current state of the energy markets presents an opportunity for companies to be innovative and competitive by reducing engineering, procurement and commissioning costs.