Gas Project News

14 Oct 2019

AIDA Cruises to Pilot Trial of Fuel Cell System

Photo: AIDA Cruises

Carnival Corporation announced its Germany-based brand, AIDA Cruises, has partnered with leaders from the maritime and engineering sectors to pilot the world’s first fuel cell system designed to power large passenger vessels. As early as 2021, AIDA Cruises will trial this innovative fuel technology on AIDAnova, becoming the cruise industry’s first brand to trial fuel cells on a large cruise ship.The research project, named “Pa-X-ell2,” is designed to develop fuel cells that are powered by hydrogen derived from methanol…

09 Sep 2019

Green Light for Papua LNG JV

Pic: High Arctic Energy Services

Canadian oil and gas company High Arctic Energy Services said that  the Government of Papua New Guinea (PNG) has validated the Papua LNG Gas Agreement.According to a statement, the announced validation by the Petroleum Minister includes new good faith concessions offered by the operator for the Papua LNG joint venture. The concessions include preparing a detailed National Content Plan, third party pipeline access, possible state participation in pipeline ownership as well as LNG transport tankers.Mike Maguire…

28 Aug 2019

IMO2020: Asian Hydrogen Demand to Rise

"There are going to be some projects, many of which in southeast Asia, whereby refiners will be looking to take bottom of the barrel, residue products, and put them through a gasification process to produce hydrogen which can then be used to desulfurize the sulfur particulates. That's how they are going to address IMO 2020," Angel said.
Image: © Rob/Adobe Stock

Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulfur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said."The demand for hydrogen has grown steadily over the years at a much faster rate than GDP growth," Linde Plc's Chief Executive Officer Steve Angel told Reuters ahead of the groundbreaking ceremony for Linde's $1.4-billion gas project on Singapore's Jurong Island."The twin drivers…

17 Jul 2019

AIDA Cruises to Trial Fuel Cells

Image: Meyer Werft

The  American/British-owned German cruise line AIDA Cruises announced that it is planning the first practical trial of fuel cells (battery power) aboard an AIDA ship by 2021.The trial will take place in cooperation with Meyer Werft within the scope of the ‘Pa-X-ell 2’ project promoted by Germany’s Federal Ministry of Transport and Digital Infrastructure.The German brand of Carnival Corporation said in a press note that it has been focusing for many years in research into and the…

16 Jul 2019

Atlantic Offshore Wind: Favorable Winds for Maritime

© 3plusx/Adobe Stock

Now that the United States finally can envision steady winds blowing from the Atlantic Seaboard due to a pipeline of offshore wind farms on the horizon, the maritime industry can finally step up and earn some of the benefits. This includes shipbuilding, port construction, and worker training. This article reviews the key developments and forecasts the growth in maritime jobs.The federal and state governments share responsibility for developing offshore wind farms and bringing the wind into the power grid and…

30 May 2019

Calcasieu Pass LNG Facility Gets $1.3bln

Image: Venture Global LNG

US liquefied natural gas (LNG) developer Venture Global LNG has signed a deal with investment firm Stonepeak Infrastructure Partners for a $1.3bn equity investment in the Calcasieu Pass LNG export facility.Calcasieu Pass  project is a 10 million tonnes per annum (MTPA) liquefied natural gas project in Cameron Parish, Louisiana. - giving the LNG project a major financial boost as construction starts. The facility is expected to begin supplying LNG to customers in 2022.This brings…

26 Apr 2019

Novatek Sells Stake in Arctic LNG

Photo: Novatek

Russia's Novatek said on Friday it had sold a 20 percent stake in its new liquefied natural gas project, Arctic LNG 2, to two Chinese companies on the same terms as a similar deal with France's Total.Novatek announced the sale on Thursday but did not provide financial details.Earlier this year, Total, a shareholder in Novatek itself and its Yamal LNG project, bought a 10 percent stake in Arctic LNG 2 project. (Reuters, Reporting by Maria Tsvetkova and Maria Grabar, Writing by Andrey Kuzmin, Editing by Louise Heavens)

26 Apr 2019

Novatek Sell 20% Stake in Arctic LNG 2 to China

Image: Novatek

Russian gas producer Novatek said on  that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2.Under the agreement, the Chinese firms -CNOOC and CNODC - will become shareholders in the Arctic LNG project with 10 percent each. Novatek gave no financial details in a statement announcing the agreements.According to a press release, Novatek  has signed a binding agreement to enter the Arctic LNG 2 project with China National Oil and Gas Exploration and Development Company Ltd (CNODC)…

01 Apr 2019

Rosatomflot Delivers First Shipment for Arctic LNG 2

Image: Rosatomflot

Russia’s largest independent natural gas producer and LNG operator, Novatek received the first shipment of cargo for its Arctic LNG 2 project at the Utrenneye field.The nuclear container ship Sevmorput owned by Rosatomflot loaded the cargo and arrived at the site on March 26, said a statement from Rosatomflot.It took the Sevmorput five days of sailing to reach the Gulf of Ob, it said. The 260 meter long vessel on 21st March sailed out from Arkhangelsk fully loaded with construction…

31 Jan 2019

Rosatomflot Icebreakers Steered 331 Ships

Image: The Communications Department of Rosatomflot

Rosatomflot (FSUE Atomflot), Russian company that maintains the world's only fleet of nuclear-powered icebreakers, said that its nuclear icebreakers steered 331 ships of a total gross capacity 12.7 mln tons. As compared to 2017, the capacity of steered ships increased by 5 mln tons.The Rosatom group company said in a press release that with that, the number of steering operations decreased (last year it was 493 ships) due to completion of the active phase of construction in the port of Sabetta and reduction of flow of vessels carrying cargoes for construction.Besides…

15 Jan 2019

BP Partners with Eni For Exploring Oman Block

Image: BP

British multinational oil and gas company BP and Italian oil and gas giant ENI have signed a heads of agreement with the Ministry of Oil & Gas of Oman to explore Block 77 in central Oman.In addition, Eni has signed with the Ministry of Oil & Gas and with BP a Head of Agreement (HoA) that sets up the principles for the acquisition of the Exploration and Production rights of Block 77 onshore.Block 77, with a total area of almost 3,100 km2, is located in central Oman, 30 km east of the BP-operated Block 61 which contains the already-producing Khazzan gas project as well as the Ghazeer project…

03 Jan 2019

Highlands Natural Resources Completes Six Well

Image: Highlands Natural

Highlands Natural Resources said six new wells on the East Denver shale oil and gas project in Colorado have been completed, with flowback starting on three of the six.The London-listed natural resources company said in a stock exchange annoucement that the existing Powell well has started production, and the Wildhorse well is being prepared to resume production in the near future.Provisional data from the three new wells flowing back, Buckskin, Grizzly and Ouray, indicate that these wells should perform in line with the existing two wells drilled by Highlands…

21 Nov 2018

Shell Australia Agrees to Sell Stake in Natural Gas Fields to Timor-Leste

Image: Shell

Royal Dutch Shell's  Shell Australia said Wednesday it entered into a sales agreement with Timor-Leste to sell the government a 26.56% interest in the Greater Sunrise fields for $300 million.The Greater Sunrise fields, comprised of the Sunrise and Troubadour gas and condensate fields, are located about 150 kilometers (93 miles) southeast of Timor-Leste and 450 kilometers (279 miles) northwest of Darwin in the Northern Territory, Shell said in a statement.Timor-Leste's Special…

20 Nov 2018

China CNOOC receives first LNG shipment from Russia's Yamal project

(Photo: Novatek)

China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the Chinese firm received from the Russian Arctic gas project, CNOOC said on its website on Tuesday.The cargo, purchased from Russian firm Novatek, was delivered into CNOOC's receiving terminal in Putian of southeastern province of Fujian.Novatek controls Yamal LNG, which is co-invested by France's Total, China's CNPC and the Silk Road Fund. Yamal launched its second LNG train in August with an annual capacity of 5.5 million tonnes.

16 Nov 2018

Largest Chinese-built FSRU Delivered

Karunia Dewata FSRU (Photo: Lloyd's Register)

PaxOcean’s Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifying around 50 million standard cubic feet per day.The project marks a milestone for China's growing gas shipping industry and will help increase the development of Indonesia’s gas supply chain, where the unit will be based. The unit is also the first FSRU that PaxOcean has built.

02 Oct 2018

Novatek to Open Third Line of Yamal Project in December

(File photo: SCF Group)

Russian natural gas producer Novatek plans to open the third line of its Yamal liquefied natural gas project in December, ahead of schedule, Chief Executive Leonid Mikhelson said on Tuesday.Novatek's Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017, with two trains now running at capacity.(Reporting by Oksana Kobzeva; Writing by Polina Ivanova; Editing by Louise Heavens)

22 Aug 2018

Offshore Cape Three Points Begins Gas Delivery to Ghana

Image: Vitol

Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu…

07 Aug 2018

McDermott Wins Shell Contract for Gulf of Mexico

Image: McDermott

McDermott International announced a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell (Shell) plc, for subsea umbilical and flowline installation at the Perdido development, located 230 miles south of Galveston, Texas, in the Gulf of Mexico."This award strengthens McDermott's relationship with Shell as we work together to safely and competitively deliver this next-generation deepwater energy project," said Richard Heo, McDermott's Senior Vice President for North, Central and South America.

19 Jul 2018

Novatek Ships First LNG Cargo to China via Arctic

Eduard Toll (File photo courtesy Teekay)

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170…

11 Jul 2018

Chevron exits Indonesia's Makassar Strait block

Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday.Indonesia's energy minister had issued a decree terminating Chevron's Makassar Strait production sharing contract (PSC) after it decided not to extend its operation of the block beyond 2020, upstream oil and gas regulator SKKMigas said."Chevron was not interested in requesting an extension," SKKMigas chairman Amien Sunaryadi told reporters.

24 May 2018

Total, Novatek Pact for Arctic LNG 2 Project

Image: Total

In the presence of the President of the Russian Federation, Vladimir Putin, and the President of the French Republic, Emmanuel Macron, Total has signed an agreement with Novatek outlining the terms upon which Total shall acquire a direct working interest of 10% in Arctic LNG 2, a giant liquefied natural gas project lead by Novatek on the Gydan Peninsula in the north of Siberia. Taking account of Total’s approximate 19% stake in Novatek and Novatek’s intention to retain 60% of the project, the Group's overall economic interest in this new LNG project will be approximately 21.5%.

13 May 2018

Shell, Total to Develop Gas Project in Oman

Photo: Total

Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%, as per the agreement between both companies and before possible State back-in, with the objective of an initial gas production of around 500 MMcfd and a potential to reach 1 bcf/d at a later stage.

16 Apr 2018

TechnipFMC Grabs BP FPSO Design Contract

FPSO. Photo: TechnipFMC plc

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located offshore on the maritime border of Mauritania and Senegal. The agreement between the two companies provides a mechanism to allow a transition of the contract to an Engineering, Procurement, Construction and Installation (EPCI) contract at a later stage.

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News