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Aramco agrees to buy US LNG from Sempra's project
yesterday

Aramco agrees to buy US LNG from Sempra's project

Oil giant Aramco has given a green signal to buy U.S. liquefied natural gas from Sempra Energy's Port Arthur project in Texas. According to the sources, the terms of the deals are still unclear and it is doubtful if Aramco will take an equity stake in the project. Saudi Aramco has also been looking at the gas assets in Russia, Australia and Africa.

Petronet LNG registers lower profits for 4Q2019
May 17, 2019
Source: The Hindu

Petronet LNG registers lower profits for 4Q2019

The Indian energy firm, Petronet LNG has reported a 15.87% fall in profits for 4Q2019, from the corresponding quarter in the previous year. Petronet LNG registered a ₹440-crore in profits in the last quarter of the financial year 2018-2019. The company has attributed lower profits to the inventory loss of ₹119 crore. The company will distribute a 45% dividend to shareholders.

Santos to buy stakes in PRL 3
May 16, 2019

Santos to buy stakes in PRL 3

Santos has decided to buy 14.3% stakes in the Petroleum Retention License 3 Joint Venture. It will buy the stakes for $187 million. The effort to be a part of the PNG LNG project is in line with Santos' expansion plan. ExxonMobil being the major stakeholder of this venture has agreed to sell its holding in the P'nyang gas field in Papua New Guinea to Santos.

Gazprom to go with Linde and Shell's technology for Baltic project
May 16, 2019

Gazprom to go with Linde and Shell's technology for Baltic project

Baltic LNG project of Gazprom is under progress and the Russian gas producer was looking for advanced technology to be used in it. Now, the firm has decided to go with the technology made by Linde or Royal Dutch Shell. "We've looked at the efficiency of both technologies and they basically have the same indicators in terms of workability. The rest is a question of negotiation", said Gazprom's board member.

Louisiana's export terminal operated by Cameron starts LNG production
May 15, 2019

Louisiana's export terminal operated by Cameron starts LNG production

The Cameron LNG export terminal in Louisiana has started the production of LNG, informed the energy major Total. The firm has also said that the initial exports are due in the coming weeks. Total's Chairman said, "With Cameron LNG start-up, we will achieve our target of being integrated along the gas value chain in the US since we are already a gas producer in the country".

KBR secures EPC contract for Freeport LNG
May 14, 2019

KBR secures EPC contract for Freeport LNG

American EPC giant, KBR Inc has secured an EPC contract for Train 4 at the Freeport LNG project in Texas. The expected EPC contract will require KBR to carry out engineering, procurement, construction, commissioning and start-up of the 5 mtpy LNG train and associated gas pre-treatment plant. The contract is expected to conclude within this quarter.

Anadarko inks SPA for LNG supply
May 14, 2019

Anadarko inks SPA for LNG supply

E&P major, Anadarko has entered into a sales and purchase agreement with Japan’s JERA and Taiwan’s CPC to supply 1.6 MTPA of LNG. Anadarko will deliver the requisite volume from its Mozambique Area 1 project, over a period of 17 years. The Mozambique Area 1 project is operated by Anadarko, where Mitsui E&P, ENH Rovuma Área Um, ONGC Videsh, Beas Rovuma Energy Mozambique, BPRL Ventures Mozambique and PTTEP are partners.

Gujarat Gas reports increase in profit
May 7, 2019

Gujarat Gas reports increase in profit

India's GSPC-owned Gujarat Gas Ltd has reported an increase in net profit to 77% in the recent quarter which ended in March. The company's profit has surged on the back of higher sales. In a regulatory filing, the company informed that its net profit in the period of January-March has been Rs 116.54 crore. Its sales went up to Rs 1,963.26 crore from Rs 1,777.82 crore in January-March 2018.

Mitsibushi plans to offer $1.4 billion help to Chiyoda
May 6, 2019

Mitsibushi plans to offer $1.4 billion help to Chiyoda

One of the world's leading LNG plant builders, Chiyoda Corp has been hit by a hurricane at its Cameron LNG project in Louisiana. This has made the Japanese trading house Mitsubishi Corp and MUFG Bank decide to help rescue the plant engineering company. The firms will assist Chiyoda with a $1.4 billion lifeline. Mitsubishi has 33.4% stakes in Chiyoda and has saved the company twice in the past.

McDermott completes Ichthys LNG Project's final campaign
April 30, 2019
Source: World Oil

McDermott completes Ichthys LNG Project's final campaign

McDermott has successfully completed the INPEX-operated Ichthys LNG Project. The company has finally finished the last offshore campaign for the project. This campaign involved subsea tiebacks to new drill centres which were performed by McDermott's Lay Vessel 108. The senior VP of the company said, "Our outstanding record of accomplishment confirms our expertise and ability to execute one of the world's largest subsea contracts to date."

Exxon signs 20 year deal with Zhejiang
April 23, 2019

Exxon signs 20 year deal with Zhejiang

ExxonMobil has informed that it has signed a sales and purchase agreement for the supply of Liquified Natural Gas with Zhejiang Provincial Energy Group. The agreement has been signed for 20 years during which Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG. Exxon's senior VP of LNG said, "This sales and purchase agreement provides a solid foundation for our strategic partnership with Zhejiang".

Qatar Petroleum invites 3 groups to bid for North Field reservoir
April 16, 2019
Source: Energy Voice

Qatar Petroleum invites 3 groups to bid for North Field reservoir

Qatar Petroleum has planned to expand its production in the North Field reservoir. Working on this strategy, it has asked three groups to bid for engineering procurement and construction packages on LNG mega trains. The first group is a JV between Chiyoda Corporation and Technip France, the second group includes JGC Corporation and Hyundai Engineering and Construction and the third group has Saipem, McDermott Middle East Inc. and CTCI Corporation19.

Aramco in Pakistan to talk about its first ever LNG shipment
April 13, 2019

Aramco in Pakistan to talk about its first ever LNG shipment

According to the sources, a delegation from energy major Saudi Aramco has visited Pakistan to discuss the nation's first-ever LNG shipment. "Aramco is starting an LNG trade operation, and we are in discussion over all aspects, including terms and quantity, etc.", said Pakistan's Nadeem Babar. It is expected that Pakistan's demand for LNG will increase three times in the coming three to five years.

Singapore to have a LNG trading platform soon
April 10, 2019

Singapore to have a LNG trading platform soon

With the sudden rise in the supply and demand of the super-chilled fuel, Kpler and Powernext are planning to launch a trading platform for LNG in Singapore this year. Both the companies have set up Spark Commodities in Singapore which is majorly owned by Kpler. Spark will aim at creating a paltform for physical buyers and sellers of LNG by the fourth quarter of the present fiscal year.

KBR selects BHGE for LNG reference design
April 9, 2019
Source: Oil and Gas 360

KBR selects BHGE for LNG reference design

Houston-based EPC giant, KBR Inc has announced that oilfield services giant, BHGE was selected for gas turbine driver design. The design also utilizes ConocoPhillips' Optimized Cascade® technology. The mid-scale LNG facilities will normalize around BHGE's technologies, featuring BHGE's LM2500+G5 and LM6000PF gas turbines. Baker’s proven gas turbine technologies will deliver ideal power ratings, speed and power flexibility, long maintenance intervals, and industry-leading efficiencies.

Woodside inks agreement with ENN Group
April 6, 2019
Source: LNG Industry

Woodside inks agreement with ENN Group

Australia’s largest independent oil and gas company, Woodside has inked a Heads of Agreement (HOA) with China-based ENN Group. The agreement requires Woodside to supply 1 million tpy of LNG from its portfolio for a 10-year duration, starting in 2025. The agreement which was signed during the LNG 2019 conference in Shanghai, comes on the backdrop of the cooperation agreement signed in October 2018.

Total signs a 10-year deal with Guanghui
April 4, 2019

Total signs a 10-year deal with Guanghui

Energy major Total has signed a 10-year sales and purchase deal with China's independent gas company Guanghui. Under the scope of this contract 0.7 million tonnes of liquified petroleum gas will be sourced from Total's global portfolio and supplied into Guanghui's regasification terminal annualy. This deal has been signed between Total and Guanghui International Gas Trading Co Ltd, a unit of Guanghui Energy.

Siemens receives major work in Brazil
April 4, 2019
Source: LNG Industry

Siemens receives major work in Brazil

German industrial manufacturing firm, Siemens has secured major work order for the integrated LNG-to-power project GNA 1 of Gás Natural Açu in Rio de Janeiro, Brazil. Siemens will carry out the turnkey construction of a new combined cycle power plant for the project. The project will also see the first-time application for the Siemens H-class gas turbine in Brazil.

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