Golden Pass advances
July 25 (LNGJ) - A Texan bankruptcy court approved a settlement between US engineering firm Zachry Holdings and the Golden Pass LNG project developers, ExxonMobil Corp. and QatarEnergy, to appoint a new lead contractor. Zachry was the lead contractor in the $10 billion project to transform the Golden Pass LNG terminal in Texas into an export plant but filed on May 8, 2024, for Chapter 11 bankruptcy protection.
The move effectively blocked the project at the site on the Sabine-Neches Waterway in Texas. However, the two remaining contractors Chiyoda Corp. of Japan and the CB&I subsidiary of US firm McDermott can now resume their work with Chiyoda in the lead role. The three liquefaction Trains at Golden Pass will have a nameplate capacity of around 16 million tonnes per annum of LNG with ExxonMobil and QatarEnergy owning 30 percent and 70 percent of the project respectively.
ExxonMobil is latest major and prominent LNG market player to warn on adjustments to earnings expectations
ExxonMobil Corp. the US major and prominent LNG market player has been become the latest oil and gas company to warn on expected adjustments in second-quarter earnings.
South American nation of Guyana moves forward on LNG project backed by leading US engineering companies
ExxonMobil Corp. and its partners in the huge oil and gas discoveries offshore the tiny nation of Guyana in the northeast corner of South America are moving forward on an LNG export project.
LNG engineers Chiyoda of Japan outline efforts to get Train 1 back on track at Golden Pass project in Texas
Chiyoda Corp, the Japanese LNG engineering company working on the Golden Pass project in Texas that has been hit by the bankruptcy of the US Zachry construction group, is seeking an immediate return to building work along with the owners to get Train 1 back on track.
QatarEnergy signs agreements with CPC Corp. of Taiwan to join North Field East expansion project
QatarEnergy signed definitive agreements with CPC Corp. of Taiwan covering the long-term supply of cargoes and a partnership in the North Field East LNG expansion project in the Arabian Gulf.
FLNG terminal ‘FSRU Toscana’ completes first phase of maintenance in Genoa and now moved to Marseille yard
Italian floating LNG terminal company, OLT Offshore LNG Toscana controlled by Italian natural gas grid and LNG terminals operator Societa Nazionale Metanodotti (SNAM), said the “FSRU Toscana” has completed the first phase of maintenance at a shipyard in Italy’s northwest port of Genoa.
Australian LNG plant operator Santos signs long-term supply deal with Japanese utility Hokkaido Gas
Santos Ltd, the Australian operator of two liquefied natural gas export plants and a main shareholder in Papua New Guinea LNG assets, has signed a long-term supply deal with Hokkaido Gas Co., the Japanese utility.
Chinese major CNOOC steps in to acquire Mozambique concession near where CNPC of China has LNG stake
China National Offshore Oil Corp. (CNOOC), the Chinese energy major with international and domestic LNG interests, has signed independent exploration and production agreement with the southeast African nation of Mozambique near where another Chinese major holds LNG project stakes.
Air Products says FLNG plant off Mozambique successfully passes processing capacity and other key tests
Air Products, the leader in supplying US liquefied natural gas technology and equipment to the world, has successfully passed the processing capacity test for the floating LNG plant offshore Mozambique that turned the southeast African nation into an energy exporter.
Papua New Guinea PM meets with LNG expansion operator TotalEnergies to seek more project momentum
TotalEnergies Chairman and Chief Executive Patrick Pouyanné has held discussions with James Marape, the Prime Minister of Papua New Guinea, on the current status of the PNG LNG expansion called the Papua LNG joint venture.
