Gas Field News

18 Oct 2019

Canadian E.Coast LNG Export Plans Progress Shell Deal

Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said.The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.Pieridae said in a statement late on Thursday it had closed a C$190 million ($145 million) acquisition of Shell's gas assets in Alberta's Foothills region, giving it most of the gas…

01 Oct 2019

Europe Looks for Gas as Groningen Folds

Image: Rystad Energy

Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy.The Netherland recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned. However, despite the ambitious target of decommissioning the field by 2022, Rystad Energy expects that there could be some residual production from Groningen…

04 Sep 2019

India's H-Energy, Novatek Ink LNG Pact

Photo: H-Energy

India's H-Energy Global signed an agreement to buy liquefied natural gas (LNG) from Russian gas producer Novatek on a long-term contract as it looks to meeting energy needs of Asia's third-largest economy.The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of Novatek, as well as establishing a joint venture to market LNG and natural gas from Novatek’s portfolio to end-customers in India, Bangladesh and other markets.“India is one of the largest and fastest growing LNG markets, and will be one of the

01 Sep 2019

Novatek Wins Arctic Gas Field

Pic: Novatek

Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye gas field.The license is located on the Gydan peninsula in Yamal-Nenets Autonomous Region, said the natural gas producer in Russia.The license area has estimated hydrocarbon resources of 2,183 billion cubic meters of gas and 212 million tons of liquids, or 16 billion barrels of oil equivalent…

28 Aug 2019

BP Exits Alaska with $5.6Bln Sale

Aerial view of BP Alaska's Prudhoe Bay operations. Photo: BP Images

British oil major BP Alaska announced that it is selling its entire business to Hilcorp Alaska, marking the exit from Alaska after six decades.The $5.6 billion sale includes Opens a New Window. interests in the Prudhoe Bay oil field, Point Thomson gas field and the trans-Alaska pipeline system, BP said in a release.Bob Dudley, BP group chief executive, said: "Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company.

21 Aug 2019

African LNG to Attract $103Bln in 2019

Pic: GECF

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.

06 Aug 2019

Tenaris Tests in Culzean Project

Image: Tenaris

Tenaris has pushed the limits of its high pressure/high temperature (HP/HT) technology, and through precision in execution in testing, delivery, running and expert services, generated outstanding results for its work on Total’s Culzean project.According to the supplier of tubes and related services for the world's energy industry and certain other industrial applications the Culzean gas field is located in the challenging waters of the North Sea, about 145 miles off the coast of Aberdeen.The field began production in June and is anticipated…

02 Aug 2019

Stork Awarded Evergreen Gig for UK Assets

Image: Centrica plc

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets.Fluor booked the undisclosed contract value in the second quarter of 2019, said a release.“Stork is extremely pleased to deepen our long-term relationship with Centrica in the UK by providing services to extend the life and efficiency of its assets in the northeast of England…

30 Jul 2019

Boskalis Wins Woodside Scarborough Contract

Photo courtesy: Woodside

Dutch dredging company Royal Boskalis Westminster N.V. has been awarded the contract for the seabed intervention and shore crossing activities for Woodside’s proposed Scarborough export gas pipeline in northwest Australia.The contract awarded by Woodside Energy Ltd. (Woodside), in its capacity as operator of the Scarborough Joint Venture, potentially carries a value of EUR 145 million if all options are called and is subject to a final investment decision which is expected in 2020.The contract is for preparatory activities related to offshore deepwater excavation…

02 Jul 2019

Mitsui, JOGMEC join Arctic LNG-2

Image of LNG Plant: Novatek

Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural…

21 Jun 2019

Inpex Submits Revised Indonesian LNG Plan

Map: Inpex

Japan's largest oil and gas exploration and production company Inpex Corporation has submitted a revised plan of development (POD) for the Abadi  LNG Project, a gas field on the remote Masela Block in the Arafura Sea off Indonesia. The revised POD is based on an onshore LNG development scheme with an annual LNG production capacity of 9.5 million tons. The Project involves developing the Abadi gas field in the Masela Block located in the Arafura Sea in Indonesia.The submission of the revised POD follows a series of dialogues between the authorities and Inpex…

08 May 2019

BMT Subsea Technology for Equinor

Photo: credited to Roar Lindefjeld/Bo B

Global engineering company BMT announced a partnership with Sonardyne to deliver to Subsea 7 its proven ‘Riser Monitoring System’ (RMS).The subsea integrity monitoring solution has been adopted by the world’s largest spar platform, Aasta Hansteen.The Aasta Hansteen Spar platform is operated and owned by Equinor ASA, the Norwegian multinational energy company.Located 300 kilometres west of Sandnessjøen on the Norwegian Continental Shelf (NCS) in water depths of up to 1,300m, the deepest field development on the NCS…

23 Apr 2019

QP Launches Tender for 100+ LNG Carriers

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of Qatar Petroleum. Photo: QP

Middle East natural gas giant Qatar Petroleum (QP) issued an invitation to tender for the reservation of ship construction capacity required for a fleet of over 100 liquefied natural gas (LNG) carriers.The world’s largest LNG producer said in a statement that the vessels will serve QP’s North Field Expansion (NFE) project which will increase Qatar’s LNG production capacity from 77 million tons per annum (mta) to 110 mta starting in 2024.In addition to addressing shipping requirements for the North Field Expansion Project…

22 Apr 2019

GDI in Drilling Services Contract with NOC

Image: North Oil Company

Gulf Drilling International (GDI) has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan for NOC’s extensive development programmes in Al Shaheen oil field.The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, 80 kilometres north of Doha.The subsidiary of Gulf International Services (GIS) said in a press release that the signing ceremony was attended by GDI’s Chief Executive officer William Ceppi and NOC’s Chief Executive Officer Jacques Azibert.

12 Mar 2019

Indonesia Okays Empyrean Plan for Mako Gas

Image: Empyrean Energy PLC

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract, which covers 890 square kilometres offshore the Riau Islands province.Tom Kelly, CEO of Empyrean…

15 Feb 2019

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The EIA’s report notes that Azerbaijan’s exports of natural gas are poised to become a more significant part of the country’s economy.Azerbaijan produced about 600 billion cubic feet (Bcf) of dry natural gas in 2017 and exported about 210 Bcf, according to EIA’s International Energy Statistics.“Azerbaijan is planning to expand its natural gas exports to Europe.

11 Dec 2018

Verus Petroleum Mulls 12-Fold Production Growth

Alan Curran. Photo: Verus Petroleum

Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent acquisitions on the UK Continental Shelf.A press release from the petroleum exploration and production services provider said that it  has recently completed three significant acquisitions; an interest in the Babbage gas field acquired from Premier Oil on 6th December, on the back of completing transactions…

05 Dec 2018

Europe Small Scale LNG Market to Grow by 11.8% to Reach USD 6.58 bln

Image: European Commission

The demand for Europe small scale LNG market is projected to grow from 1.9 billion Euros in 2020 to 5.8 billion (USD 6.58 bln)Euros by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030.Europe is likely to experience faster growth as compared to other regions in the global market owing to the mandate set by European Union on sulphur emmsions. For instance, the sulphur emmsions cap for marine fuel is set as 0.5% by the year 2020, said a report by Energias Market…

08 Nov 2018

Panoro Energy Buys OMV Tunisia

Image: Panoro Energy

London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company, the acquisition is for a cash consideration of $65 million.OMV Tunisia Upstream holds a 49 percent interest in five oil producing concessions in Tunisia with net 2P reserves of 8.1 million barrels, and net production of approximately 2…

31 Oct 2018

Gazprom 95% Completes TurkStream Gas Pipeline's Offshore Section

Image: Gazprom

Russian oil and gas giant Gazprom is progressing a number of gas pipeline  stretching across the Black Sea projects with three major projects already 95.5 percent complete, the company claimed.The TurkStream will soon see the completion of its offshore section, bringing closer a consistent the supply of Russian gas to Turkey and its neighbours."The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China.

22 Oct 2018

ABS Awards AIP to HHI’s Deepwater FLNG Hull

Newbuilding Conversion FLNG design to deliver significant cost savings. Image: ABS

ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding Conversion FLNG hull design for offshore application can be constructed for about 80 percent less than the cost of a conventional FLNG hull. It is based on LNG carrier designs combined with the requirements for FLNG production, such as structural reinforcements to take topside module load and a hull designed to allow…

16 Oct 2018

Hoegh LNG Vessel to Leave Egypt Before Weekend

(Photo: Hoegh LNG)

Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals.The minister, Tarek El Molla, told Reuters the other vessel would stay behind as part of the petroleum ministry's strategy to maintain energy supplies for the country.Hoegh said Egypt Natural Gas Holding (EGAS), having decided to end its charter early…

07 Oct 2018

Total, Sonatrach Strengthen Cooperation in Natural Gas

Map: Total

French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture.The new concession contract to jointly develop the Erg Issouane gas field located on the TFT Sud permit, signed by Sonatrach, Total and Alnaft (the National Agency for the Valorization of Hydrocarbon Resources).The TFT Sud permit is located south of the Tin Fouyé Tabankort (TFT) field, of which Total is a long-standing partner.

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