In this issue

 

SeaFloat, a barge-mounted power plant based on SGT-800 gas turbine, will be provided by Siemens and the maritime arm of ST Engineering for Bermuda-based Seaboard Corp. The 450 MW power…
Boosting upstream investment, Chevron has set aside $3.6 billion for fracking in the Permian Basin out of a total $20 billion of capital spending in 2019. The decision comes as…
Wednesday, 02 January 2019
Free ReadAs the world’s top oil company, ExxonMobil does not need to worry about size when it comes to snapping up assets. The Texas-based oil giant is tipped as a potential…
Hit by a triple-whammy of weak cash flows, meager profits and slumping stock values, CEOs in the oil and gas industry are vary about continuing to invest in increasingly risky…
Despite the drop in rig count, the actual output of crude oil and natural gas keeps rising in the United States thanks to advances in technology and drilling techniques. Even…
Free ReadPromising new shale gas prospects of a “substantial size” have been identified by China National Administration of Coal Geology (CNACG) both in Hubei and in Guizhou Province. CNACG will now…
The worlds’ seven largest LNG buyers – CNOOC, CPC, JERA, KOGAS, PetroChina, Sinopec and Tokyo Gas – together make up over half of the global market. Wood Mackenzie research reveals…
Japan’s largest LNG importer JERA will also become the nation’s biggest power producer as of April 2019 when it will take control of TECPO and Chubu Electric’s domestic power business.…
Free ReadRegardless of the trade war between the United States and China, state-controlled Sinopec has reaffirmed plans to reserve 75% of the project's LNG production capacity. Sinopec wants to become the…
Royal Dutch Shell will keep investing in global gas projects as demand is anticipated to grow at a rate of 2% per year, twice the rate to worldwide energy demand.…
Golar LNG chairman Tor Olav Troim said he is looking for the next opportunity, encouraged by investors embracing the $1.74 billion integrated LNG-to-power project in Brazil. Golar Power, a venture…
Free ReadDavid Keane, President of Canada’s Woodfibre LNG project, has announced the imminent construction start for the brownfield liquefaction facility, licensed to export over 2 mtpa of LNG for 40 years.…
More shale gas produced in Texas will soon cross the border to Mexico after the U.S. Department of Energy (DOE) approved an application by Mexico Pacific Ltd (MPL) to export…
Tightening in global LNG markets has allowed the second wave of US LNG ventures to gain momentum again. Since early 2018, a second wave of projects set to bring more…

News Nudges

McDermott and Chiyoda produce first LNG at Cameron Train-2

US engineering company McDermott and Japanese firm Chiyoda in late December announced the Cameron liquefaction plant on the Calcasieu Ship Channel had begun producing LNG. McDermontt stressed this step is “a precursor to substantial completion of Train 2.” “This accomplishment is attributable to the entire team's unwavering commitment to project delivery and steadfast focus on safety and quality performance as we work towards completion of Train 2,” said Mark Coscio, McDermott's Senior Vice President for North, Central and South America. McDermott and Chiyoda have provided the engineering, procurement and construction for the Cameron LNG project since the project's initial award in 2014. The project includes three liquefaction Trains with a projected export of 12 million tonnes per annum (mtpa) of LNG, or about 1.7 billion cubic feet per day (bcf/d). Cameron LNG is jointly owned by affiliates of Sempra Energy, Total, Mitsui & Co. and Japan LNG Investment, a company jointly held by Mitsubishiand shipping line Nippon Yusen Kabushiki Kaisha.