LNG

Norway-based energy consultants Add Energy, said they had joined with Transborders Energy (TBE) of Australia to promote a new business model for fast-track LNG production projects and are planning a pilot venture offshore Australia using the expertise of two large floating LNG and energy market participants.

China’s Honghua Group has awarded a front-end engineering and design contract to the UK Wood Group for a project that will be the first platform-based LNG export project and located in the US Gulf of Mexico.

Oil Search, the Australian-listed company with a stake in the Papua New Guinea LNG plant operated by ExxonMobil, posted record third-quarter production underpinned by an “excellent performance” from PNG LNG, where output was 25 percent higher than nameplate capacity..

BP of the UK has started an initial public offering of shares for a US spin-off, BP Midstream Partners, to raise almost $900 million by selling 42 million shares in its Houston-based pipeline assets, including key natural gas transportation systems in the area.