BP Invests $6 Bln in Offshore Azerbaijan Project
The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE) project includes a new offshore platform and facilities designed to process up to 100,000 barrels of oil per day. The project is expected to achieve first production in 2023 and produce up to 300 million barrels over its lifetime.
APLNG, QCLNG Strike Deal to Share Infrastructure
The Australia Pacific LNG project (APLNG) said that it has signed a deal to buy gas from neighboring Queensland Curtis LNG (QCLNG ) project and for both projects to share infrastructure.Under the tolling agreements, the QCLNG project will be able to transport and process gas and water from the Arrow Energy Surat Basin fields using available capacity in existing Australia Pacific LNG-QCLNG joint infrastructure. The infrastructure sharing arrangements will commence from 2020 and continue until 2035…
Centrica Wins Contract to Process Gas from Tolmount Field
Centrica Storage Limited has been awarded a 120 million pound ($153 million) contract to process gas from the Tolmount field in the North Sea, which will help extend the life of its gas terminal in Yorkshire until at least 2030, the company said.The contract was awarded by the Tolmount joint venture and infrastructure partners comprising Premier Oil, Dana Petroleum and Humber Gathering System Limited.Centrica said it will make modifications to the Easington terminal so it can receive and process the gas from the Tolmount field…
Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil
Aker Solutions said it has won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module, which will receive and process gas from the Troll West field before it is exported to the onshore Kollsnes facility near Bergen in Norway. The module will be installed on the Troll A platform in the North Sea.
Iraq Seeks Foreign Partner for Second Gas Plant
Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields, state-run South Gas Company said on Tuesday. The new venture will collect gas currently being flared because of a lack of processing capacity, South Gas Co. director general Ihsan Abdul Jabbar told Reuters in Basra, southern Iraq. To promote competition, the new partners cannot be Shell or Mitsubishi…
LNGL Forms Alliances with Siemens, EthosEnergy
Liquefied Natural Gas Limited (LNGL) announced that it is entering into two additional key supplier alliance agreements (SAA) with Siemens Energy Inc. (Siemens) and EthosEnergy Group (EthosEnergy), respectively. These agreements call for LNGL to work collaboratively with both Siemens and EthosEnergy on current and future Company projects. The use of global alliance agreements with key suppliers is central to LNGL’s strategy to produce standardized, repeatable designs and processes across all its projects and operations.
LNG Inks Global Alliance Pact with Siemens, EthosEnergy
Liquefied Natural Gas Limited is entering into two additional key supplier alliance agreements (SAA) with Siemens Energy Inc. and EthosEnergy Group, respectively. These agreements call for LNGL to work collaboratively with both Siemens and EthosEnergy on current and future Company projects. The use of global alliance agreements with key suppliers is central to LNGL’s strategy to produce standardized, repeatable designs and processes across all its projects and operations.
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…
Mozambique: $30b Invested for 2018 LNG Export
More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said. The investments will be made to develop the northern ports of Pemba and Palma, where a giant logistics base and LNG production plants are planned that will use gas produced from offshore fields in the Rovuma Basin being developed by U.S. oil major Anadarko Petroleum Corp and Italy's Eni.
Enlink Adds Pipeline, Storage to Transport Utica Light Oil
Oil and natural gas pipeline operator Enlink Midstream Partners LP plans to build a 45-mile pipeline and other supporting infrastructure that will transport growing volumes of condensate and natural gas produced in Ohio's Utica shale, the company said in a statement on Monday. Included in the $250 million project will be six natural gas compression stations and six condensate stabilizers to help process gas and light oil for transport to markets in the region.
Japan, Turkey Building Turkmen Fertilizer Plant
Japan's Mitsubishi Corp. and Turkey's Gap Insaat on Monday laid the foundation of a $1.3 billion plant to produce carbamide in Turkmenistan, which plans to gain added value by using its natural gas to produce the fertilizer for export. Turkmenistan holds the world's fourth-largest reserves of natural gas. Its economy has grown by more than 10 percent a year in recent years, owing largely to rising gas exports to China via a pipeline built in late 2009.
Ghana To raise Installed Capacity To 5,000 MW In 2016
Ghana is confident it can raise installed electricity generation capacity to 5,000 megawatts by 2016 from 2,845 megawatts currrently, Deputy Energy Minister John Jinapor told Reuters on Wednesday on the sidelines of an energy conference in Turkey. Ghana can also resolve within weeks a court order to halt building at a gas facility for a pipeline designed to process gas from the offshore Jubilee oil field and make the pipeline functional by the end of the year, Jinapor said.
Ghana: Court Halts Work at Gas Facility
A high court in Ghana's western region has ordered the state-run Ghana National Gas Company (Ghana Gas) to stop construction at a gas plant until the government pays land compensation to local chiefs, the company said on Tuesday. The $650 million plant is designed to process gas from the offshore Jubilee field but completion has been delayed, curbing Ghana's oil production capacity. Ghana Gas is seeking to lift the order and could still meet its September completion date, a spokesman said. Reporting by Kwasi Kpodo
SABIC Sees Oil-to-Chemicals Plant Startup by 2020
Saudi Basic Industries Corp (SABIC) expects its planned oil-to-chemicals plant to start operations by the end of 2020, it said on Tuesday. SABIC, one of the world's largest petrochemical groups, said it expects to use around 10 million tonnes of crude oil annually as feedstock for the plant. That is equivalent to 200,000 barrels per day, or an average-sized oil refinery. Development of the Saudi petrochemical sector is part of Riyadh's strategy for diversifying the economy away from heavy dependence on crude export revenues.
