US regulators support Venture Global LNG's claims of equipment failure
U.S. regulators said Venture Global LNG took adequate steps on Friday to correct equipment issues at a Louisiana-based gas-processing facility that have prevented the company from delivering goods to long-term customers under contract for over two years. The Federal Energy Regulatory Commission's findings support the U.S. liquefied gas exporter’s claim that the Calcasieu Pass plant in Louisiana has not been fully commissioned. Venture Global LNG is battling a half-dozen contract arbitration suits from customers regarding the plant's issues.
Gazprom Oil Touch 100mln Barrels at Badra
Russian oil producer Gazprom Neft said that its subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil in Iraqi oil field.Cumulative production at the Badra field in the five years since this asset went into commercial operation has reached 100 million barrels — the first shipment of liquid hydrocarbons having taken place in 2014. Oil production at the field stands at more than 1.8 million tonnes (13.5 million barrels) since the start of 2019.Twenty-two operating wells…
Norway Eyes Offshore Wind to Power Gas Plant
Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm, is called Havsul 1 and was fully licensed by Norwegian energy regulators in 2009 before being abandoned in 2012 due to profitability concerns and insufficient subsidies.Nyhamna is one of Norway's biggest gas processing plants, handling output from Shell's Ormen Lange field.
Total announces first gas from Timimoun field, Algeria
Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%). "The launch of Timimoun is a new step in the Group’s history in Algeria, where we are a long-term partner. Total. Timimoun's gas will be produced with 37 wells connected…
Testing of Forties North Sea Pipeline Underway
Britain's Forties oil and gas pipeline, one of the biggest in the North Sea, was repaired over Christmas, its operator Ineos said on Monday, adding that it was testing the pipeline and full flows should resume in early January. "The repair of the pipeline ... is now mechanically complete and pressure testing is well under way," Ineos said in a statement. "A small number of customers are now sending oil and gas through the pipeline at low rates as part of a coordinated plan that allows Ineos to carefully control the flow and pressure in the system".
Fire at Enterprise Pascagoula Plant being Investigated
Enterprise Products Partners L.P. (NYSE: EPD) is investigating the cause of a fire that occurred yesterday at its natural gas processing facility in Pascagoula, Mississippi. There were no injuries nor impacts to the surrounding community and the fire was restricted to inside the facility. The situation is under control and the plant has been shut down. Enterprise personnel have been working closely with local emergency responders and the company has notified all appropriate regulatory authorities. The Pascagoula plant receives natural gas from third party pipelines.
Gazprom Actively Pursuing East Russian Projects
During the Press Conference held today held at the Company's headquarters prior to the annual General Shareholders Meeting the press was informed that Gazprom is actively implementing large-scale projects in eastern Russia. It was stated that the Company is committed to expanding its resource base. With geological exploration at the Chayandinskoye field – the basis for the Yakutia gas production center – nearly over, the field is ready for development. As part of the Sakhalin III project, geological exploration has been completed within the boundaries of the Yuzhno-Kirinskoye field.
Dana Gas Begins Production From Zora Field
Dana Gas, a Middle East’s regional private sector natural gas company, has announced that sales gas production commenced on February 28, 2016 from the Zora Gas Field. Initial project startup was achieved on January 14, 2016 with early gas supplies being intermittent as the gas plant was being fully commissioned. Subsequently sales production was delayed due to urgent maintenance work on gas supply infrastructure at the customer’s receiving facilities. The Zora Gas Field is located in the Sharjah Western Offshore Concession…
Dana Gas Profit Up 15%
Dana Gas PJSC, the Middle East's leading publicly listed natural gas company, today reported its preliminary unaudited financial results for the year ended 31 December 2015. The Company’s full year net profit increased 15% to $144 million (AED528 million), compared to $125 million (AED457 million) in 2014. The Company reported Gross Revenues and Gross Profit of $417 million (AED1.5 billion) and $126 million (AED463 million) respectively, down from $683 million (AED2.5 billion) and $303 million (AED1.1 billion) for the full year 2014.
Statoil's Offshore Pipelay Surveillance Contract for DNV GL
DNV GL, the technical advisor to the oil and gas industry, has been awarded another offshore pipelay surveillance contract by Statoil to monitor quality assurance throughout the installation campaign. As new fields have become increasingly complex, the pipeline segments have also experienced cost challenges like other parts of the industry. “New technologies and continual development of best practise have the potential to contribute positively to the cost reduction efforts necessary to make the industry more robust.
ExxonMobil's License for EON Reality
ExxonMobil Research Qatar (EMRQ) today announced that ExxonMobil has awarded a global commercial license for Immersive 3D Operator Training Simulator technology to co-developer EON Reality Inc. The innovative technology incorporates ultra-realistic, multi-angle immersive virtual reality for training process operators and engineers in oil and gas production, processing and transportation facilities. The technology enables effective training to take place in a safe and controlled environment.
Statoil Submits Plan for Gullfaks Rimfaks Valley
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform. The plan for development and operation (PDO) was submitted to the authorities today, December 16. “We are pleased about the investment decision we have made that will extend the period of profitable production on the Gullfaks A platform.
Foster Wheeler Wins EPCm Contract In Mozambique
Foster Wheeler AG 's subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) services contract by Sasol Petroleum Temane Limitada (“Sasol”) for an Electrical Expansion and Fuel Gas Superheater Project at Sasol’s Temane gas processing facility in Mozambique. The Foster Wheeler contract value was not disclosed and will be included in the company’s third-quarter 2014 bookings. The objective of the project…
Turkey, Japan Ink $1.7 bln Turkmenistan gas-to-liquids Project
Turkmenistan, holder of the world's fourth-largest natural gas reserves, signed a $1.7 billion deal with a Turkish-Japanese consortium on Tuesday to build a gas-to-liquids plant as part of its strategy to maximise revenues from its gas riches. The signing ceremony was overseen by autocratic Turkmen President Kurbanguly Berdymukhamedov, who enjoys sweeping powers in his Central Asian nation of 5.5 million people. "This is the first gas processing facility in the world which will employ a high-end technology to process natural gas into gasoline…
Oil-Rich Shetland Elbows into Scotland's Independence Vote
Twelve hours by ferry from the Scottish mainland, hundreds of miles from Edinburgh and closer to Oslo than London, the windswept Shetland islands have their own aspirations about Scottish independence. Some of the 23,000 inhabitants even want their own. Many Shetlanders see the Sept. 18 vote on whether Scotland should end the 307-year-old union with England as an opportunity to gain control over local services and a share of revenues from the oil pumped from the North Sea. "The oil belongs to us. We don't have to argue about that.
