Lng Facility

Home>Topics>Lng Facility
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Magazine Articles
  5. Videos
  1. Hess writes down Equus development off Western Australia

    US company Hess Corp. has decided to write down the full value of the proposed Equus gas-condensate development off Western Australia by $933 million (Aus.). The project has come off the boil because of the downturn in world oil prices and the high capital costs of development in Australia. Hess will now focus its global attention to the Bakken shale in the US, Valhall field offshore Norway, and Liza field offshore Guyana. This means that Hess’ partner in Equus, Woodside Petroleum Ltd. , will have to find its own way to move forward with the discovery. The two companies had made an arrangement in April last year to begin a front-end engineering and design phase looking at the technical possibilities of tying in the discoveries to the Woodside-led North West Shelf gas project. Woodside had begun the engineering studies with the aim of arriving at a final investment decision for the project sometime this year. Sixteen wells have been drilled on Equus since 2010, which resulted in 14 gas successes in eight fields across three permits: WA-70-P, WA-390-P, and WA-474-P. An estimated $6-billion investment was envisaged to bring the project to fruition and it would have been the first time that the NWS joint venture had processed gas from a third party. The broad plan was development of the eight fields via a central semisubmersible gas processing facility at the hub of a subsea gathering system. The gas would then be piped to the NWS offshore facilities for transmission to the shore plant at Karratha on the Burrup Peninsula to supply the five NWS gas trains at optimum level for the next decade. The eight Equus group fields are Mentorc, Bravo, and Nimblefoot with Cretaceous-age reservoirs; Chester and Rimfire with Cretaceous-Triassic reservoirs; Glenloth and Briseals in Triassic sands; and the Glencoe discovery in the Jurassic. The fields lie in 1,000-1,200 m of water and are 300 km west of the NWS gas plant on the Burrup. In total the fields are thought to have recoverable reserves of 2-3 tcf of gas. The three Cretaceous fields have the highest condensate-gas ratio of 40 bbl/MMcf. However the Hess 2017 budget has no room for the Equus plans. Analysts have suggested that Woodside’s purchase of 25% interest in Scarborough gas field on the Exmouth Plateau from BHP Billiton Ltd. late last year could have been a complicating factor. Woodside has since flagged the beginning of FEED in 2018 leading to a final investment decision for the Scarborough development by 2020. The company said it had started work with the Scarborough JV led by ExxonMobil Corp. with the aim of commercializing the gas resource that lies 220 km northwest of Exmouth in 900 m of water. Scarborough was discovered in 1979. Development options for Scarborough include a floating LNG facility and a tieback to an existing onshore LNG facility.

    Online Articles

    Online Articles

    Thu, 26 Jan 2017

  2. Delfin LNG completes draft EIS for first US floating LNG facility

    Delfin LNG LLC, a wholly owned subsidiary of Fairwood Peninsula Energy Corp. (FPE), Houston, has completed a draft environmental impact statement (EIS) for its planned Delfin LNG Deepwater Port (Port Delfin) and floating LNG (FLNG) facility to be located offshore Louisiana in the Gulf of Mexico.

    Online Articles

    Online Articles

    Wed, 20 Jul 2016

  3. Statoil awards Foster Wheeler pre-FEED contract to expand production at Melkoya LNG facility in Norway

    Foster Wheeler has received a contract from Statoil for pre-FEED for the Snøhvit Future Development Project at Statoil's Melkøya-based LNG facility on Melkøya Island approximately 450 km north of the Arctic Circle, Hammerfest, Norway.

    Online Articles

    Online Articles

    Thu, 14 Apr 2011

  4. Qatargas to supply LNG to Repsol's Canaport LNG facility

    Repsol and Qatargas signed a multiyear LNG agreement under which Qatargas will supply LNG to Repsol Energy Canada Ltd. at the Canaport LNG facility in Saint John, New Brunswick.

    Online Articles

    Online Articles

    Fri, 8 Oct 2010

  1. Australia's John Holland wins $150MM marine contract for Gladstone LNG's Curtis Island LNG facility

    Online Articles

    Online Articles

    Fri, 25 Mar 2011

  2. BP approved as sole LNG buyer for Coral South offshore Mozambique

    BP has agreed to acquire 100% of the LNG produced by the Coral South floating LNG facility planned for Area 4 offshore Mozambique.

    Online Articles

    Online Articles

    Wed, 5 Oct 2016

  3. Keel work begins for floating LNG facility

    Petronas said keel work has begun for its first floating LNG facility .

    Online Articles

    Online Articles

    Tue, 14 Jan 2014

  4. Woodside to develop Greater Sunrise natual gas fields via Floating LNG facility

    Located in the Joint Petroleum Development Area administered by the governments of Timor-Leste and Australia, the Greater Sunrise fields, which include the Sunrise and Troubadour natural gas discoveries, will be developed by a Floating LNG facility .

    Online Articles

    Online Articles

    Fri, 30 Apr 2010

  5. BP to team with Kosmos on Mauritania, Senegal offshore blocks

    BP PLC will invest nearly $1 billion to partner with Kosmos Energy Ltd. for exploration and development of six blocks off West Africa.

    Online Articles

    Online Articles

    Mon, 19 Dec 2016

  6. Total to buy stake in US LNG group Tellurian

    Total SA has agreed to buy 23% of Tellurian Investments Inc. at $5.85/share for $207 million. 

    Online Articles

    Online Articles

    Tue, 20 Dec 2016

  7. Petronas christens FLNG vessel

    Petronas has officially named its first floating LNG facility PFLNG SATU .

    Online Articles

    Online Articles

    Tue, 8 Mar 2016

  8. Shell Australia lets contract for Prelude FLNG facility

    Shell Australia Pty. Ltd. has let a contract to Norwegian firm DOF Subsea for underwater services and supply of a multipurpose supply vessel to the Prelude floating LNG facility soon to be stationed in the Browse basin 475 km offshore northwestern Western Australia.

    Online Articles

    Online Articles

    Mon, 1 Aug 2016

Get More Results