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Greg Vesey News

21 Apr 2022

Rising Calls for U.S. LNG Revive Stalled Export Projects, but at Higher Costs

New Fortress Energy earlier las year bought two jack-up rigs from Maersk Drilling to use them for non-drilling purposes as part of its planned Fast LNG project. NFE is also thinking of using similar floating infrastructure for its Fast LNG Project - Image for illustration only - Credit Maersk Drilling

Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U.S.-China trade war – Energy Transfer with its Lake Charles LNG and Tellurian Inc with its Driftwood LNG – have begun talks with construction provider Bechtel Group over costs, according to a…

22 May 2018

US LNG Projects Buoyed by China Import Talks

© Igor Groshev / Adobe Stock

China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday.There are over two dozen proposed U.S.

13 Jul 2016

Bear Head LNG GHG Management Plan Approved

Bear Head LNG Corporation Inc. (Bear Head LNG) received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia. The GHG Management Plan provides Bear Head LNG’s strategy for managing GHG emissions through technology selection, design of the facility, and operations. “Approval of Bear Head LNG’s GHG Management Plan is welcome news,” said Greg Vesey, Managing Director and CEO of LNGL and President of Bear Head LNG. “Bear Head LNG is designing a best-in-class LNG facility, utilizing state of the art technology.

04 Apr 2016

LNG Names New MD

Australia's Liquefied Natural Gas Limited (LNGL) has appointed Chevron executive Greg Vesey to replace company founder Maurice Brand as managing director and chief executive. Brand will continue on with LNG as an executive director until his retirement in June next year. Vesey, a 25-year veteran of Chevron, will be based in Houston, Texas. Greg brings a wealth of experience through his 35 years with Chevron Corporation where his responsibilities most recently included Chevron's Global Gas marketing and trading activity including extensive LNG development work. Previous appointments covered the introduction of new technology, international operations and included commercial and execution responsibilities as well as liaising with stakeholders.