Exmar and Pacific Exploration and Production (formerly Pacific Rubiales) have agreed to terminate a liquefaction and storage agreement, originally executed in March 2012 for a term of 15 years from delivery of a floating liquefaction unit (CFLNG) with a liquefaction capacity of approximately 0…
Petronas' first floating liquefied natural gas (FLNG) facility officially received its name, PFLNG Satu, at a ceremony held at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. President and group CEO of Petronas…
Chevron Corp. has begun production from its liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. “We expect…
Malaysia’s Petronas is pumping the breaks on its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due to the low oil price environment. Image of the PFLNG 1…
The first development offshore Mozambique in the Rovuma basin has been given the thumbs by the country's government. Eni is planning a six-well subsea to 3.4 MTPA floating LNG development for the Coral discovery, in Area 4 in the Rovuma basin…
Barakah Offshore Petroleum Berhad’s subsidiary, PBJV Group Sdn Bhd. won a US$4.6 million subcontract agreement for the Petronas Floating LNG 1 (PFLNG 1). The work is for the provision of offshore engineering, procurement, installation and related activities…
Norway-based floating LNG specialist Höegh LNG says it will not engage in further new floating LNG (FLNG) developments, but focus on floating storage, and regasification units (FRSUs). The firm plans to have a fleet of 12 FRSUs by 2019…
Parker Bestobell Marine has completed a contract to supply cryogenic globe and check valves made in Sheffield, for Hoegh LNG’s series of five floating storage regasification units (FSRUs) that are being built at Hyundai shipyard (HHI) in South Korea…
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Gas Entec to provide an engineering study of a new-build LNG barge that will operate in the US offshore. Aqualis Offshore’s work scope is to provide a…
Audrey Raj speaks to Japanese gas giant INPEX about its US$34 billion Ichthys LNG development and the key components that make up the offshore production facilities of the project. The monoethylene…
GE entered into a US$1 billion sourcing program, signing a series of agreements with its Russian strategic partners at the 17th GE Oil & Gas Annual Meeting in Florence. Expanding the scope of their 2013 strategic partnership, GE and Rosneft…
Australia and New Zealand hold vast petroleum potential, much of which remains undeveloped. Audrey Raj sets out the detail. Samples of oil from various New Zealand discoveries. Photo from TAG Oil…
Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian oilfield analysts Rystad. 'In addition to subsurface challenges, above-ground issues…
Samsung Heavy Industries Co. (SHI) has awarded Clough a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The scope of work includes the preparation and execution of offshore hook-up activities and assistance to commissioning…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
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