LNG

Technip Energies, the French-listed energy and LNG engineering company, said it was awarded a contract by a unit of Thailand’s national energy company for a gas plant near the Malaysian LNG export facilities at Bintulu in the state of Sarawak.

Thailand’s state-run exploration and production company PTTEP, which has stakes in Malaysian floating LNG and a Mozambican LNG project, reported almost 40 percent of growth in earnings in the first nine months due to higher natural gas output and prices.

PTTEP of Thailand, the oil and gas producer, may be able to market its largest ever natural gas discovery made last year offshore Malaysia to the Bintulu LNG production plant.

PTTEP of Thailand, the oil and gas producer and a shareholder in LNG projects offshore Malaysia and Mozambique, remained confident of moving forward with its 2020 business plan under the current challenges, underpinned by Gulf of Thailand natural gas resources.

Murphy Oil, the US company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, said it completed the sale of its Malaysian assets for more than $2 billion to Thailand state energy company PTT Exploration and Production.

Thailand national energy company PTT Exploration and Production (PTTEP), whose LNG assets include a stake in the Mozambique LNG export project in Area 1 of the Rovuma Basin, reported a 23 percent jump in first-quarter net income as it secured more exploration acreage and a floating LNG stake in Malaysia.

Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, has sold its Malaysian assets for more than $2 billion to Thailand state energy company PTT Exploration and Production.

Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, has returned a third-quarter profit after posting a loss in the same three months of 2017.

May 3 (LNGJ) - Murphy Oil, the US energy company based in Arkansas and with US and international operations, said in its first-quarter earnings that its floating LNG joint venture offshore Malaysia was still on track for first production in 2020. Murphy is investing in the FLNG venture with Malaysian state energy company Petronas, which successfully started up the world’s first production hull, the “PFLNG Satu”. That vessel is deployed over the stranded Kanowit gas field offshore Sarawak. The US company is involved in a second Malaysian FLNG venture for the deepwater Rotan gas field, about 80 miles offshore of Sabah, the Malaysian state occupying the northern part of the island of Borneo. The Rotan gas well was discovered by Murphy in 2007 in the Block H licence in Malaysian waters of the South China Sea. The FLNG vessel will be designed to produce 1.5 million tonnes per annum.

US energy exploration and production company Murphy Oil Corp. said it was progressing with plans to invest in a floating liquefaction project offshore Malaysia led by state-run Petronas and set to come on stream in 2020.