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Offshore Gas Reserves News

05 Nov 2021

Coral Sul FLNG Project on Track, Eni Says

Coral FLNG Unit in South Korea last year - File Image: Eni

Claudio Descalzi, CEO of the Italian oil and gas giant Eni on Friday met with Filipe Nyusi, President of Mozambique, where Eni is working to develop giant offshore gas reserves using a floating LNG unit.Descalzi updated President Nyusi on the Eni-led Coral South Project, which will put in production Mozambique’s gas resources. "The project is on track and the Coral Sul FLNG, being finalized in South Korea, is set to become the world’s first ultra-deepwater FLNG and the first LNG producer in Mozambique…

12 Jun 2019

Philippines Denounces Chinese Fishing Boat for Collision

The Philippines on Wednesday denounced the crew of a Chinese fishing boat that collided with a Philippine vessel and left 22 Filipino fishermen abandoned in the disputed South China Sea.The collision took place near the Reed Bank on Sunday, the defence ministry said, adding that a Vietnamese fishing boat rescued all the fishermen."We denounce the actions of the Chinese fishing vessel for immediately leaving the incident scene, abandoning the 22 Filipino crewmen to the mercy of the elements," Defence Secretary Delfin Lorenzana said in a statement.Reuters could not independently verify the Philippine account of the collision. China’s foreign ministry did not immediately respond to requests for comment.China…

07 Jan 2015

Turkish Survey Ship Continues Work Off Cyprus, Deepening Standoff

A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities said on Tuesday, extending a simmering standoff between rival sides on the ethnically-split island over offshore gas reserves. The row has already led to Greek Cypriots suspending participation in peace talks with estranged Turkish Cypriots, and on Monday they said they would not return as long as the vessel remained in the area. Barbaros, a seismographic research vessel commissioned by Turkey's state petroleum company TPAO, has been carrying out surveys in an area in the east Mediterranean claimed by Cyprus under international conventions.

30 Dec 2014

US: Noble Energy Deal Should Move Forward, Boosts Energy Security

The United States supports moving forward with offshore natural gas deals in the Mediterranean involving the U.S. company Noble Energy, a State Department spokesman said on Tuesday. U.S. Secretary of State John Kerry has also discussed the issue with Israeli Prime Minister Benjamin Netanyahu, State Department spokesman Jeff Rathke said. "We continue to engage and we support all parties to move forward with the natural gas deal signed between Noble Energy and entities in Jordan and Egypt," Rathke told reporters. Last week, Israel's competition regulator recommended breaking up control of the country's offshore gas reserves by Noble Energy and Delek Group, who together hold 85 percent of the giant Leviathan natural gas field.

27 Sep 2012

DNV to Class World's First LNG FPSO

DNV has been contracted to class the Petronas LNG FPSO (Floating Production, Storage, Offtake) vessel to be built by Korea's DSME. The unit will be built by DSME in Korea and is destined for the Kanowit field offshore Sarawak, Malaysia. It is expected to be the world’s first floating liquefaction unit in operation when completed in 2015. The Petronas FLNG will be 300m long and 60m wide and will be moored 180km from shore. It is designed to produce 1.2 million tonnes a year (mtpa) of LNG, boosting Malaysia’s total LNG production capacity from 25.7 mpta to 26.9 mpta. The scope of the DNV contract includes the floating structure, mooring arrangement and natural gas liquefaction technology. • ship-to-ship offloading equipment suitable for LNG transfer at sea.

04 Dec 2002

Meet the ULFPS

While seeking to consolidate its existing LNG carrier workload by bidding for new tonnage to serve the Qatari export traffic and other projects, Spanish shipbuilder IZAR has intensified its research endeavors so as to create a broader business platform in the energy market. The group has thrown its weight behind a new initiative aimed at developing floating plant incorporating gas-to-liquids (GTL) technology to extract and convert gas from remote offshore fields into premium grade liquid products. The joint industry research and development project, known as Seagas, draws in IZAR Fene Shipyard (the former Astano establishment), Bermuda-based engineering corporation Foster Wheeler, and other partners from various disciplines.