Offshore LNG News - page 49

BG cuts guidance

Jan 27, 2014

BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt.  The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…

First dual-fuel OSV launched in GoM

Jan 23, 2014

Gulf Coast Shipyard Group, a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets, announced today the launch of the first of six Harvey Gulf International Marine 302’ x 64’ dual-fuel Offshore Supply Vessels…

Gazprom adds fifth LNG tanker

Jan 21, 2014

Gazprom announced that its newest liquefied natural gas (LNG) carrier was named today at STX O&S shipyard in Jinhae, South Korea. The vessel, Velikiy Novgorod, will be the fifth in Gazprom's tanker fleet. Taking part in the ceremony were Alexander Medvedev…

Shell exits Wheatstone project

Jan 20, 2014

Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia.  The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…

Shell picks Prelude power systems

Jan 17, 2014

Emerson Network Power has been selected as the main uninterruptible power supply (UPS) systems provider for Shell’s Prelude floating LNG project. Prelude is the world’s first floating liquefied natural gas (FLNG) project, currently under construction in Korea…

Prelude float out

Jan 16, 2014

Shell’s Prelude floating liquefied natural gas (FLNG) facility floated out of the dry dock at Geoje, South Korea’s Samsung Heavy Industries yard, where the facility is currently under construction. Upon completion, Prelude FLNG will be the largest-ever floating facility…

Wärtsilä to supply LNG in Finland

Jan 10, 2014

Wärtsilä signed a turnkey contract to supply a LNG receiving terminal to be built in Tornio, northern Finland. The contract, valued at about US $136 million, was made with Manga LNG Oy, a joint venture between Finnish companies Outokumpu Group…

Canada LNG project numbers

Jan 06, 2014

Canadian LNG update from Norway's Rystad Energy AS: As of November 2013, there were no approved liquified natural gas export terminals in Canada. There are three proposed projects: Kitimat – Apache, Douglas Island, and Kitimat – LNG Canada…

Shell boosts North American LNG profile

Jan 02, 2014

Royal Dutch Shell plc announced the successful completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of US$4.1 billion. As part of the transaction…

Magnolia LNG Project advances

Dec 27, 2013

Magnolia LNG, a wholly-owned subsidiary of Australia’s Liquefied Natural Gas Limited (LNGL) recently announced two advancements in the development of its 8mtpa-capacity, mid-scale liquefied natural gas (LNG) facility. Magnolia announced Dec…

Fugro tapped to survey mammoth Gorgon Project

Dec 23, 2013

Fugro will provide survey services in support of Subsea 7 Australia Contracting Pty Ltd’s heavy lift and tie-ins contract on Chevron’s Gorgon Project, located about 60km offshore Western Australia. The contract involves the provision…

Excelerate completes 500th ship-to-ship LNG transfer

Dec 23, 2013

Excelerate Energy L.P. completed its 500th commercial Ship-to-Ship (STS) transfer of LNG on September 23, 2013 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy’s regasification vessel, Exemplar and the conventional LNG carrier SCF Arctic…

Chevron unveils 2014 CAPEX

Dec 13, 2013

Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…

Inpex begins operations at Naoetsu LNG terminal

Dec 11, 2013

Inpex Corp. said its Naoetsu LNG terminal in Joetsu City, Niigata Prefecture, Japan, began operations ahead of schedule on 1 Dec. The main facilities include two above-ground LNG tanks with storage capacity of 180,000kl and a berth for unloading a 210…

BG: Tanzania now at 15Tcf

Dec 10, 2013

BG Group has said its latest drilling campaign offshore Tanzania has increased its resource base across its three Tanzanian blocks to 15Tcf natural gas. BG Group said Blocks 1, 3 and 4, which it operates, with partner Ophir Energy, also had further exploration upside…

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