Tuesday, August 4, 2020

Bay Of Bengal News

Excelerate to Build FLNG Terminal in Philippines

Image: Excelerate Energy

Philippine authorities have given Excelerate Energy LP permission to proceed on plans to develop a floating natural gas import terminal to supply existing and new power generation.Texas-headquartered player in floating LNG regasification solutions, received a notice to proceed…

Bangladesh's 2nd LNG Terminal Begins Operations

Excelerate's FSRU “Summit LNG” Flowing Gas into Bangladesh. Image: Excelerate Energy

Bangladesh has employed its second liquefied natural gas (LNG) terminal with the beginning of operations of floating storage and regasification unit (FSRU) 'Summit LNG' offshore Moheshkhali Island in the Bay of Bengal.According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal…

Bangladesh to Hold Talks with ENOC for LPG Terminal

© waldorf27 / Adobe Stock

Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up an liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday."ENOC has sent us a proposal for a joint venture project to build an LPG terminal," said Sayed Mohammad Mozammel Haque…

Reliance Shuts Field in Krishna-Godavari Basin

India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months.The closure marks the beginning of the end of the company's first foray…

Bangladesh Shelves LNG Projects as Others Ramp Up

© Kpics / Adobe Stock

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling…

Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Photo: Excelerate Energy

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This milestone was achieved approximately 25 months after the execution of project agreements…

Bangladesh Drops Trafigura in LNG Talks as Gunvor Advances

File Image: A rendering of a typical FSRU design (CREDIT: Sener)

Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas (LNG ) import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project. Once considered an energy backwater…

Jumbo Completes Work on Bangladesh FLNG Terminal

Photo: Jumbo Maritime

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project, which is seeing a floating liquefied natural gas (LNG) import terminal developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the country's first LNG import terminal…

$3 Bln LNG-to-power Project Planned in Bay of Bengal

Bangladesh's Summit Power International said on Tuesday it signed a memorandum of understanding with Japan's Mitsubishi Corp and subsidiary Diamond Gas International to develop a $3 billion LNG-to-power project. Under the MoU, subsidiary Summit Corp, group company Summit Holdings…

Cairn Oil and Gas to Invest $4.6 bln in New Exploration

Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India's east coast and in the onshore fields of Barmer in the west, its acting CEO said. The company expects approvals to be in place by the end of October, Sudhir…

H-Energy to Start West Coast LNG Terminal in May 2018

India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, will start operations at its liquefied natural gas (LNG) terminal in the western Maharashtra state by May 2018, its chief executive said on Wednesday. India plans to raise the share of natural gas in its energy mix to 15 percent in three years from the current 6.5 percent…

Vietnam Renews India Oil Deal In Tense South China Sea

Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam…

Global Crane Contracts Give EnerMech $105m Lift

EnerMech Mechanical Handling Services Director John Morrison (Photo: EnerMech)

EnerMech’s cranes and lifting division has benefited from a £85 million-plus ($105m)  uplift to its order book with a series of contract wins, extensions and renewals. The Aberdeen-based mechanical engineering group has consolidated its position as a major international cranes services provider…

BP India Head Says India Can Produce 10-15 tcf of Gas by 2022

India has the potential to unlock gas reserves of at least 10-15 trillion cubic feet (tcf) by 2022 on the basis of discoveries made so far, Sashi Mukundan, country head for BP India said in a conference on Tuesday. This production requires up to 3 trillion rupees (about $45…

Krishnapatnam Power Corpn, AP Govt Ink Power Project Deal

Chinta Sasidhar,  Director,  Krishnapatnam Power Corporation

The Hyderabad-based CVR group led Krishnapatnam Power Corporation has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to build 2780 MW (3X660 MW & 1X800 MW) capacity of thermal power projects with an estimated investment of Rs. 16, 680 crore.

Woodside's Second Gas Discovery in Myanmar

WOODSIDE INTERESTS IN MYANMAR  Courtesy WOODSIDE

Woodside advises that the Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has intersected a gross gas column of approximately 64m. Approximately 62m of net gas pay is interpreted within the primary target interval. Block AD-7 is located in the Bay of Bengal, approximately 100km offshore of the west coast of Myanmar.

Bangladesh Inks LNG Deal with Excelerate

An Excelerate FSRU (file image: Excelerate)

Bangladesh on Thursday signed a deal with Texas-based Excelerate Energy to build its first floating terminal for importing liquefied natural gas (LNG) as it looks to ease chronic energy shortages. The floating storage and regasification unit (FSRU) terminal at Moheshkhali…

Vietnam to China: Shift Rig, Abandon Drilling Plans

Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours. The $1 billion rig, which was at the centre of a fierce diplomatic stand-off between the countries in 2014…

IndianOil Orders 2 LNG Tanks from MHI

Storage tank Photo IL

Mitsubishi Heavy Industries, Ltd. (MHI) has received an EPC (engineering, procurement and construction) order from Indian Oil Corporation Ltd. (IOL), India's largest oil company, to construct two LNG (liquefied natural gas) storage tanks. The LNG tanks will be the main facility…

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated by electric lights coming from a village home. Why the surprise? The community has no connection to the country's power grid.