Gas Field Project News

French oil giant Total held talks with Iranian officials about several projects in the country in 2016, notably a 10 million tonnes per year liquefied natural gas project (LNG), Reuters reported. It has signed an agreement with Iranian authorities for a 50 per cent stake  in Iran’s South Pars gas field project which will developed at an investment of $4 billion. Sources told Reuters in February that Total was in talks to buy a multi-billion dollar stake in Iran's partly-built LNG export facility. Total signed a preliminary deal for the South Pars project last year, becoming the first Western oil major to sign an energy agreement after the European Union and the United States eased sanctions against Iran.

The ceremonial first cut of steel for the construction of the jackets on the Cygnus gas field project was celebrated today by operator GDF SUEZ E&P U.K. and partners Centrica Energy and Bayerngas at Burntisland Fabrication’s (BiFab) Methil yard in Fife, Scotland. This latest project milestone involves BiFab’s manufacturing facilities at Methil, Burntisland and Arnish and is expected to create 100 new jobs at Methil and 15 apprentice positions will be created at Methil and Burntisland.

New hybrid tugs for Australian Gorgon Gas Field Project will use Canada-based Corvus batteries to reduce operational and environmental costs. More than two megawatts of batteries designed and manufactured by Corvus Energy will be at the heart of four new 542 kWh hybrid tugboats now being built for the Gorgon Project. One of the world's largest natural gas projects, Gorgon is currently under construction 130 km off the west coast of Australia. Once complete, it will become the largest natural resource project in Australia’s history. Since the Gorgon Gas Project is located in an environmentally sensitive area, project operators are endeavoring to create a world-class example of environmental management where conservation and development can successfully co-exist.

Three more available blocks off Myanmar's southern Tanintharyi coast are under natural gas exploration with test wells being planned for drilling by Malaysia 's Petronas Company. A geophysical site survey at blocks M-16, M-17 and M-18, with areas ranging from about 13,000 square-kilometers (sq-km) to 14, 000 sq-km, has begun this week and the survey will last over a month until late March. Recent years have seen foreign oil companies increase engagement in oil and gas exploration in Myanmar. Thailand's PTTEP, for example, has covered a number of blocks including M-3, M-4, M- 7, M-9 and M-11 under contracts. Besides, a consortium comprising South Korea's Daewoo International…