BP German move
Jan 17 (LNGJ) - BP has acquired a privately-owned power and gas supplier to commercial and industrial customers called Getec Energie GmbH with operations in Germany, the Netherlands, Austria, Belgium and Poland. It has an extensive German customer base, supplying power and gas as well as renewable power purchase agreements (PPAs) and balancing services. The cost of the transaction was not disclosed.
The acquired company is based in the city of Hanover in the German state of Lower Saxony and currently supplies more than 40 terawatt hours of power and gas each year, making it one of Germany’s largest independent suppliers in the commercial sector. “As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across BP,” said Carol Howle, BP Executive Vice President of the Trading and Shipping division. “The addition of Getec Energie will expand and enhance our ability to do just that in Germany and ultimately in Europe,” Howle added.
US Freeport LNG export plant in Texas says one production Train still shut on October 27 after earlier fire
One of the three liquefaction Trains at the US Freeport LNG export plant at Quintana Island in Texas remained shut down on October 27 after a recent fire incident presumed to have been caused when a compressor tripped at the facility.
UK major BP and Eni sign Oman exploration accord after earlier discovery boosted LNG
BP of the UK and Italian energy company Eni signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in the Arabian Peninsula nation where BP’s onshore Khazzan natural gas discovery revitalized LNG production.
BP said that under the accord, the two companies would work with Oman towards the award of a new exploration and production sharing agreement (EPSA) for Block 77 in central Oman.
BP and Eni will now enter discussions with the Ministry to finalise details.
“This would represent a further deepening of BP’s important position in Oman, building on our successful delivery of the major Khazzan project in 2017 and its second phase of development that is currently under construction,” said Bernard Looney, BP chief executive of the upstream division in reference to additional output achieved by Oman LNG from having sufficient domestic gas supplies.
“We look forward to continuing to explore and efficiently develop the country’s resources, working in close partnership with Eni and Oman to underpin our commitment to delivering long-term gas production for Oman,” he added.
The country’s three existing liquefaction Trains at the facilities near the town of Sur have been at full capacity since 2017 after previously suffering from a lack of feed-gas as supplies were diverted to fill domestic gas shortages.
The Omani government allocates Oman LNG supplies from various gas fields and the Khazzan field production has ended all feed-gas concerns for the near future.
The three Omani LNG processing Trains currently produce around 10.4 million tonnes per annum and supply nations such as Japan, South Korea, India and Kuwait.
Block 77, with a total area of almost 3,100 square kilometre, is located in central Oman, 30km east of the BP-operated Block 61, which contains the already-producing Khazzan gas project as well as the Ghazeer project currently under development.
The Khazzan natural gas field began production in 2017, under budget and ahead of schedule. Khazzan now produces around 1 billion cubic feet of gas a day.
The Ghazeer field is expected to add a further 0.5 bcf/d of production and is expected to come on stream in 2021.
BP has had an upstream presence in Oman since 2007 when it signed an exploration and production sharing agreement for Block 61.
Gas sales agreements and approval for the development of the Khazzan project on Block 61 were signed in 2013. In 2016, the EPSA for Block 61 was amended, adding a further 1,000 square kilometres and allowing a second phase of development.
Sultanate of Oman outlines plans for boosting its critical LNG contribution to global supplies
The Sultanate of Oman said the Middle East would continue to be a growth area for liquefied natural gas production and Oman itself has plans to boost output, while the nation’s current 3 percent contribution to global LNG supplies is pivotal in keeping the balance of supply and demand.
