$13 Bln Papua LNG Project Pushes Ahead
France's Total and its partners signed a long-awaited deal with Papua New Guinea on Tuesday that will allow initial work to start on a $13 billion plan to double the country's liquefied natural gas exports.Developing the Pacific island nation's gas reserves is seen as crucial to its economy as LNG is its biggest export earner, while demand for the fuel is surging globally.Total's partner Oil Search said the agreement would allow the parties to start engineering and design work for a project dubbed Papua LNG also involving Exxon Mobil.They now aim to make a final investment decision in 2020…
Energy from the Ocean: The Ocean Thermal Energy Converter
Despite historic lows in traditional oil and gas energy markets, research and develoment continues in earnest on a number of projects designed to produce green energy. The latest, an Ocean Thermal Energy Converter (OTEC) from KRISO, received Approval in Principle from classification society Bureau Veritas. KRISO (Korea Research Institute of Ships & Ocean engineering), established in 1973, is a government-funded research institute in the Republic of Korea and the leader in technology development in ships and ocean engineering.
Report: Trash is Choking the World's Oceans
There are plastic shopping bags, bottles, toys, action figures, bottle caps, pacifiers, tooth brushes, boots, buckets, deodorant roller balls, umbrella handles, fishing gear, toilet seats and so much more. Plastic pollution is pervasive in Earth's oceans. Researchers unveiled on Wednesday what they called the most scientifically rigorous estimate to date of the amount of plastic litter in the oceans - about 269,000 tons - based on data from 24 ship expeditions around the globe over six years. "There's much more plastic pollution out there than recent estimates suggest…
Enviro Activists Push Protest Pace
As hundreds of protesters joined environmental activists from South Pacific nations trying to blockade ships at the world's largest coal export terminal in Australia on Friday, Marshall Islands poet Kathy Jetnil-Kijiner appealed to world leaders "to put an end to the era of fossil fuels once and for all". At last month's U.N. climate summit in New York, she won a standing ovation from leaders for her moving performance of a poem on fighting climate change, written for her baby daughter. Now Jetnil-Kijiner, like a growing number of other activists, is training her sights on coal, oil and gas companies.
PNG to Total: Develop Disputed Gas Field
Papua New Guinea wants Total SA to lead construction of a new liquefied natural gas (LNG) export project drawing gas from a disputed field instead of the gas being used to expand an existing giant project, the country's energy minister said. The South Pacific nation began exports this year from Exxon Mobil Corp's $19 billion PNG LNG project, the largest private investment in the nation's history. While an expansion of that project is planned, Papua New Guinea hopes to see French Total lead another LNG export plant. Total earlier this year bought a 40 percent stake in Papua New Guinea's biggest undeveloped gas deposit…
Exxon's $19 Bln PNG Plant could change country's fortune
ExxonMobil's $19 billion liquefied natural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific's most unstable countries, for better or for worse. The LNG venture, which is expected to produce more than 9 trillion cubic feet of gas over 30 years, is the largest private investment in the South Pacific nation's history. ExxonMobil is relying on projects like this one for much-needed production growth, while the Papua New Guinea government hopes it might double its $15 billion dollar economy, now slightly larger than Botswana's.
APR Energy Turbines to Power South Pacific Mining
APR Energy, a company in fast-track power solutions, announced today the signing of a mobile gas turbine contract to provide fast-track power to an industrial customer in the South Pacific. The plant will comprise mobile gas turbines producing a guaranteed 60MW and will power the customer's mining operations. APR Energy's fuel-efficient mobile turbine plant was the customer's preferred solution, meeting strict EU emissions requirements and able to fit within the challenging space constraints at the mine site. APR Energy's plant will run on diesel and offers the flexibility to seamlessly switch to natural gas if needed.
Vessel Owner Fined for Illegally Manning U.S. Flagged Vessels
Coast Guard Sector Guam has levied fines against the South Pacific Tuna Corporation for eight separate violations of Title 46 United States Code, Section 8304 for using unlicensed foreign personnel to illegally fill the roles of chief mate and chief engineer on U.S. flagged vessels. Crewmembers from Sector Guam determined in March 2012 that the violations had taken place on five of the company’s 14 purse seine vessels while conducting dockside vessel safety examinations in Pohnpei, Federated States of Micronesia. The safety examinations are required by specific legislation for the U.S. flagged Distant Water Tuna Fleet.
