Offshore LNG News - page 2

 

LNG Price Recovery Spurs Spending in Race against Carbon Targets

Jul 28, 2021

The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic…

Shell Brings Online Barracuda Gas Project Offshore Trinidad and Tobago

Jul 22, 2021

Shell has started production from Block 5C in the East Coast Marine Area (ECMA) off Trinidad and Tobago. Block 5C, also known as Project Barracuda for which the FID was announced in January 2020, is a backfill project with approximately 25,000…

Japan's Power Plan to Rattle Australian Coal, LNG exporters

Jul 22, 2021

Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely…

Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

Jul 21, 2021

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.The LNG Terminal…

TotalEnergies, Technip Energies Team Up to Decarbonize Offshore and LNG Sectors

Jul 21, 2021

TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…

Hudong-Zhonghua Delivers LNG FSRU to Dynagas

Jul 19, 2021

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU).The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday…

Shell to Supply PetroChina with Carbon Neutral LNG

Jul 12, 2021

Oil major Shell has signed a five-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday.Many companies, particularly those in the fossil fuel industry are using…

Woodside Fixing Corrosion Issue at Plant that Processes Gas from Offshore Fields

Jul 09, 2021

Woodside Petroleum is rectifying a corrosion issue identified during planned maintenance at the Karratha gas plant in Western Australia, a company spokesperson said on Friday.'We have discussed with the regulator and are taking all necessary…

Petronas, CNOOC in $7B LNG Supply Deal

Jul 07, 2021

Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.Petronas, or Petroliam Nasional Berhad…

Crown LNG Awards FEED Deal to Aker Solutions for Offshore LNG Terminal in India

Jul 05, 2021

Norwegian group Crown LNG has signed a deal with Aker Solutions as the main contractor to deliver a concrete gravity-based structure (GBS) for Crown’s offshore LNG terminal at Kakinada, India.Under the agreement, Aker Solutions and key subcontractors…

Delfin Asks for Another Year to Build Louisiana Floating LNG Project

Jul 01, 2021

U.S. liquefied natural gas (LNG) developer Delfin LNG asked federal energy regulators for a third extension until September 2022 to bring into service the onshore facilities of its proposed floating LNG export plant off the coast of Louisiana…

Senegal Gearing Up for first LNG-powered Electricity

Jun 17, 2021

Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation's state power company, Senelec, said.The…

Australia's LNG Industry Sees a Somewhat Green Hydrogen Future

Jun 15, 2021

Having scaled the peak of becoming the world's top exporter of liquefied natural gas (LNG), Australia's producers of the super-chilled fuel are contemplating switching their industry around to become the global leader in hydrogen.The keynote…

LNG Primed for Strong Growth on Asian Demand

Jun 11, 2021

Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal…

Woodside Faces Cost Increase at $11B Scarborough Gas Project

Jun 09, 2021

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday.The Scarborough development offshore Western…

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