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 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…
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…
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 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…
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…
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, 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 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 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 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 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 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…
Installation of topsides liquefaction equipment has begun on the Caribbean FLNG project that will be in service off Colombia, contractor Wison Offshore & Marine Ltd. announced. The topsides equipment will utilize the PRICO technology, supplied by subcontractor Black & Veatch…
Norway's Statoil has said a fifth natural gas discovery in Block 2 offshore Tanzania has opened up a new play in the region. The Mronge-1 discovery, drilled in 2500m water depth by the Discoverer Americas drillship, 20km north of the Zafarani discovery…