LNG

PetroChina, the Chinese-listed and overseas unit of state-owned China National Petroleum Corp. and an LNG project stake holder in Canada and Mozambique, reported annual record profits and revenues due to higher prices for oil and natural gas.

Jan 4 (LNGJ) - Renergen, the emerging South African helium developer with plans to produce LNG at a small-scale liquefaction plant in Free State province from onshore resources, issued a quarterly update on sales and marketing achievements. It signed an LNG supply agreement with local firm Logico Logistics and added the N1 route from Johannesburg to Cape Town for several LNG filling stations in a venture with French major Total.

   “While drilling continues, albeit at a pace slower than hoped, the company continues to make progress and preparations have begun for three new wells,” said Renergen. “The company remains committed to delivering meaningful drilling results over the course of the first quarter of calendar year 2021, and updated reserves and resources following on from this data,” it stated. 

Modec Inc, the Japanese builder of offshore floating production and storage platforms, has been awarded a contract by Woodside Energy to operate an oil and gas platform for the Western Australian LNG project stakeholder’s most import venture outside of Australia.

Australian energy company and LNG operator Woodside Petroleum said it had made operational advances in 2020 in the midst of several challenges and was also progressing with its project development offshore Senegal in West Africa.