Offshore LNG News

 

NNPC Inks FLNG Deal with Golar LNG to Boost Gas Developments in Nigeria

Jun 12, 2024

Marine LNG infrastructure developer Golar LNG has signed a project development agreement (PDA) with the state-owned Nigerian National Petroleum Corporation (NNPC) for the deployment of an FLNG facility offshore Niger Delta.With a capacity of 400-500 million standard cubic feet per day (MMscf/d), the facility will produce LNG, LPG and condensate. The companies are eyeing the end of 2024 to achieve a final investment decision (FID)…

Aramco and NextDecade Shake Hands LNG Offtake from Rio Grande LNG Facility

Jun 13, 2024

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake…

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Jun 13, 2024

Singapore's Temasek Holdings is finalizing the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.The deal will provide Shell…

Chevron Australia Starts Repair Work on Wheatstone Offshore Gas Platform

Jun 13, 2024

Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.'LNG (liquefied natural gas) and domestic gas production will resume following the safe completion of repair works…

Egypt to Issue Tender for at Least 15 LNG Cargoes to Cover Summer Demand

Jun 07, 2024

Egypt plans to issue a buy tender seeking 15-20 cargoes of liquefied natural gas (LNG) to cover heavy summer demand that had led to a wave of rolling blackouts and forced temporary shutdowns of chemical and fertilizers plants, four industry sources told Reuters…

First LNG Canada Cargo Could Deliver Earlier Than Planned, Shell Says

Jun 04, 2024

Shell-led LNG Canada, the country's first natural gas export terminal, could deliver its first cargo earlier than previously planned, an executive at the British company said.The C$40 billion ($29 billion) liquefied natural gas (LNG) project…

Norway Gas Export Outage Extended, Duration Remains Uncertain

Jun 04, 2024

An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…

TotalEnergies Inks Two LNG Supply Deals in Asia

Jun 04, 2024

TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800…

Morocco to Tender for Floating LNG Terminal

Jun 03, 2024

Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port, the energy ministry's head of oil and gas said on Friday.The ministry expects to reach financial close in 2025 with construction…

Bangladesh's Summit LNG Pauses FSRU Operations Due to Cyclone Damage

Jun 03, 2024

Bangladesh's Summit LNG has paused operations at its floating storage and regasification unit (FSRU) in Moheshkhali after it was hit by a stray pontoon during a cyclone on May 27, the company said in a statement to Reuters on Friday.'There was damage to the ballast water tank of the FSRU…

Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months

May 31, 2024

Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…

Woodside Gets $1B Loan to Fund Scarborough Gas Project

May 30, 2024

Australian oil and gas giant Woodside has signed a $1 billion loan agreement with the Japan Bank for International Cooperation (JBIC) to support the development of Scarborough gas project offshore Australia.The loan agreement further strengthens Woodside’s balance sheet…

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

May 28, 2024

Santos will supply up to about 400,000 tonnes of liquefied natural gas every year for a decade starting 2027 to Japanese energy firm Hokkaido Gas, Australia's second biggest independent oil and gas producer said on Tuesday.The firms will work…

Galp Sells Its Upstream Assets in Mozambique to ADNOC

May 22, 2024

Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…

Gulfstream LNG Projects Receives FERC Approval to Start Pre-Filling Process

May 20, 2024

Gulfstream LNG Development (Gulfstream LNG), a greenfield liquefied natural gas (LNG) export project under development in Louisiana, has received the U.S. Federal Energy Regulatory Commission (FERC) approval to start the pre-filing permitting process…

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