Friday, March 22, 2019

Natural Gas News

Anadarko Mulls 16 LNG Charters for Mozambique

An LNG carrier transits the Med in a recently taken image (CREDIT: Robert murphy)

Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.Anadarko said all the contracts signed so far, for over 9.5 million tonnes a year (mtpa) out of a capacity of 12.88 mtpa…

Høglund to Supply FGSS for Hurtigruten

Pic: Hurtigruten

Høglund, the marine solutions and system integration company, has been awarded a contract to deliver biogas-ready fuel-gas supply systems (FGSS) for six Hurtigruten passenger ship retrofits.Høglund will work together with HB Hunte Engineering to design and engineer fully customized tank and FGSS solutions for each of the six vessels, optimized to run on both liquefied natural gas (LNG) and liquefied biogas (LBG)…

Exxon Mulls FEED for Far East LNG Project

Exxon Mobil's Russian unit may take a decision this year on the Front End Engineering Design (FEED) for its Far East Liquefied Natural Gas project with Rosneft, Alexander Popov, vice president at Exxon Neftegaz, said on Wednesday.The company is continuing to hold talks on gas supplies from the Sakhalin 1 oil and gas project to Sakhalin 2, a project which needs gas in order to expand its LNG production, Popov said at an LNG conference organised by Vostock Capital.(Reporting by Oksana Kobzeva; writing by Tom Bal

Petrobras P-77 FPSO Starts Production

(Photo: Petrobras)

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had started production at its P-77 platform, its fourth platform to enter operations in the Buzios field within the pre-salt region of Bacia de Santos.Petrobras, as the company is known, had said the platform would commence production in the first half of 2019. In a securities filing, Petrobras said the platform can produce 150,000 barrels of oil and up to 6 million cubic meters of natural gas a day.(Reporting by Marcelo Rochabrun)

Rising US Oil Clout on Show in Houston

© Steve Prorak / Adobe Stock

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo. Absent: leading Saudi and Russian officials, and most OPEC nations.As the United States weans itself off foreign oil imports - thanks to booming domestic production - the complex…

US Rig Count Lowest Since April 2018

© bomboman / Adobe Stock

U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting the government to cut crude output growth forecasts.Drillers cut one oil rig in the week to March 15, bringing the total count down to 833, the lowest since April 2018, General Electric Co's Baker Hughes energy services firm said in its closely followed…

U.S. Natural Gas Production Sets New Record

Graph: EIA

According to the U.S. Energy Information Agency (EIA), US natural gas production registered an increase by 10.0 billion cubic feet per day in 2018, noting an 11% rise in comparison to 2017.The development reported was the largest annual increase in production on record, establishing a record high for a second year in a row, it said in a press release.U.S. natural gas production measured as gross withdrawals averaged 101.3 Bcf/d in 2018…

BHP to Drill More Wells in Trinidad

© Argus / Adobe Stock

BHP Group Ltd has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said.The company expects to complete drilling of three wells in block 14, located in its northern contract area, by the middle of this year, Niall McCormack, BHP's vice president for exploration, said…

Petronas FLNG Relocates to Sabah

(File photo courtesy GE)

Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the eastern state of Sabah, nearly two years after it began operations.The Petronas FLNG (PFLNG) Satu is now moored in the Kebabangan cluster field, some 90 km northwest of the state's capital city of Kota Kinabalu, the company said.The facility was previously moored in the Kumang cluster field off the coast of Bintulu in neighboring Sarawak, where it began the worl

BP, ExxonMobil in Alaska LNG Deal

Image: Alaska Public Media

Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and Exxon Mobil to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project.According to the agreement, the concerned parties would work together to identify ways to improve the Alaska LNG project ’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the project.AGDC Interim President Joe Dubler said…

Large Oil Firms Invest in Shale

Image: Rystad Energy

Oil majors are readying themselves for the energy transition by investing in shale and waiting for renewable technology to be economical, said Rystad Energy, energy research and business intelligence company.A recent review of 2019 capital budgets reveals that oil majors are the only group to increase shale expenditure from 2018 to 2019.Big companies such as Chevron and ExxonMobil recently announced plans to significantly ramp up production in prolific shale basins…

Indonesia Okays Empyrean Plan for Mako Gas

Image: Empyrean Energy PLC

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract, which covers 890 square kilometres offshore the Riau Islands province.Tom Kelly…

BP Dishes Greater Tortue Ahmeyim Contracts

Oil major BP has awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts to services providers McDermott International and Baker Hughes, a GE company (BHGE), for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.The Tortue/Ahmeyim gas field is located offshore on the border between Mauritania and Senegal, and contains an…

BP, Exxon Sign On Alaska LNG Export Project

© Argus / Adobe Stock

Alaska Gasline Development Corp (AGDC) said it signed an agreement with BP PLC and Exxon Mobil Corp to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project."Our respective organizations share an interest in the successful commercialization of Alaska's stranded North Slope natural gas," AGDC Interim President Joe Dubler said in a statement late Friday.BP and Exxon…

NextDecade in Rio Grande LNG Site Lease Deal

Pic: Rio Grande LNG

US LNG export project developer NextDecade Corporation signed a lease agreement with the Brownsville Navigation District (BND) for its Rio Grande LNG project.The proposed $15 billion Rio Grande LNG export terminal and pipeline at the Port of Brownsville, Texas, was considered and approved during a meeting of the BND Board of Commissioners.The lease agreement, which covers an approximately 984-acre parcel of land in Cameron County…

Western Australia Curbs on Emissions

Pic: Chevron Australia

Western Australia’s Environmental Protection Authority (EPA)  has announced tough new measures aimed at curbing greenhouse gas emissions from large projects.This proposal could deter investment in the natural gas-rich state, a report in Reuters said quoting resource companies.EPA said new projects, which could include fertiliser and power plants as well as liquefied natural gas (LNG) export sites, that generate more than 100…

Russian Share of European Gas Growing

Graphics: Rystad Energy

With gas supplies growing at a faster rate than domestic demand, Russia can increase pipeline and liquefied natural gas (LNG) exports to Europe, said a report.Russia’s gas production has been steadily increasing since the low of 611 Bcm in 2015, and reached 695 Bcm in 2018, according to a report form Rystad Energy, an independent energy research and business intelligence companyMature fields exhibit relatively high decline rates…

SEA\LNG Welcomes Vancouver Fraser Port

Pic: SEA\LNG

The Vancouver Fraser Port Authority has joined SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Vancouver Fraser Port  is the first North America port member to join the industry group.The Vancouver Fraser Port Authority is the federal agency of the Port of Vancouver, Canada’s largest port, and the fourth port member to join the coalition…

U.S. Drillers Cut Rigs to Lowest Level since May

© Shamtor / Adobe Stock

U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months as independent producers follow through on plans to cut spending even though oil majors plan to spend more.Drillers cut nine oil rigs in the week to March 8, bringing the total count down to 834, the lowest since May, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.The U.S.

OPITO Names Asian Pacific VP

Hart Victor (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Hart Victor in the role of vice president of strategy for the Asia Pacific region.Victor had previously spent more than a decade with National Oilwell Varco (NOV) as regional training manager for Asia where he supported the growth of the team from 50 to over 1,000 people, as well as establishing new safety training centers in the region.Victor…