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StatoilHydro said its Snøhvit LNG plant in northern Norway is operational again after a two-month shutdown for a major overhaul, though Europe’s first export project will continue to run at a much reduced capacity for another year.
France’s Total, Royal Dutch Shell and Spain’s Repsol have all now declined to move forward on planned LNG projects linked to Iran’s huge South Pars gas field because of the Iranian stand-off with the United Nations over its nuclear programme.
Technip, the French LNG engineering firm, has made its second takeover of another firm in a week by acquiring Eurodim, a French company specializing in offshore LNG and LNG transfer equipment.
Mustang, the Houston-based LNG and energy engineering firm. is providing a conceptual study for offshore facility options for the Greater Sunrise LNG development in the Timor Sea, north of Australia.
Chevron Corp. announced a “significant extension” of its Iago natural gas field located 130 kilometres offshore northwestern Australia that will boost the prospects for its Wheatstone LNG project in the region.
BG Group, the UK-based Atlantic Basin LNG player, lodged a statement with the Australian Securities and Investments Commission on its hostile US$13 billion bid for Origin Energy, a holder of large coal-seam gas reserves with LNG potential.
US LNG imports have plunged 60 percent so far in 2008 as surging Henry Hub natural gas prices of around $13 per million British thermal units have still not been high enough to compete with buyers from Japan, China and India willing to pay up to $18 per MMBtu.
The world’s largest LNG carrier, the 266,000 cubic metres capacity “Mozah”, one of a dozen being built for Qatar LNG deliveries at a cost of about $380 million each, is named this week at the Samsung Heavy Industries shipyard in South Korea.
LNG engineering contractors, Technip of France and Canada’s SNC-Lavalin, have each reacted to the continuing global shortage of engineering personnel by acquiring small companies in separate transactions.
One of Australia’s richest men, Professor Clive Palmer, has entered into an alliance with MEO Australia, and is guaranteeing the full development costs of the company’s Tassie Shoal LNG project in the Timor Sea.
