LNG

Norway’s oil and gas company Equinor and partners in a block Norwegian Sea have decided to invest almost US$1 billion to bring six new natural gas fields on stream as the LNG export plant at Hammerfest in Northern Norway also started up again.

Qatar Petroleum has issued tender invitations for the engineering, procurement and construction of the four liquefied natural gas expansion mega-Trains planned for Ras Laffan as part of the project to liquefy and export an additional 31 million tonnes per annum of LNG.

TechnipFMC, one of the leading global energy and LNG project engineering companies, said it was taking a stake in UK company Magma Global Ltd to help further develop a new generation of hybrid flexible pipe for use in offshore contracts.

Abu Dhabi, a long-standing LNG producer and exporter, has awarded the two front-end engineering and design contracts for its planned offshore sour gas mega-project, consisting of the Hail, Ghasha and Dalma fields.

TechnipFMC, the recently merged Franco-US energy and LNG engineering company, reports its second-quarter earnings after the New York Stock Exchange closes on July 26 as its shares dropped following an admission it had made errors in its first-quarter report.

July 18 (LNGJ) - Japanese offshore oil and gas operator Modec said one of its subsidiaries was awarded the turret mooring system supply contract for the Coral floating LNG project being developed offshore Mozambique by Italian energy company Eni and its partners. The contract was given to the Modec unit by the engineering, procurement and construction joint venture comprising Franco-US business TechnipFMC and JGC Corp. of Japan. The FLNG facility will be designed to produce 3.4 million tonnes per annum of LNG and will be moored in 2,000 metres of water in the Area 4 block of the Rovuma Basin off Mozambique.

TechnipFMC shares will begin trading on the Paris Euronext and New York Stock Exchange on January 17 as the $13-billion merger between the energy services companies, France’s Technip and FMC Technologies, becomes official and the combination aims for a lead role in the subsea and Floating LNG sectors.

French energy and liquefied natural gas engineering and construction company Technip and US rival in the subsea sector FMC Technologies have scheduled respective meetings of their shareholders on December 5 to vote on their $13 billion merger.

French energy and LNG engineering company Technip and US peer FMC Technologies said their pending merger has passed its anti-trust review in the US, satisfying one of the conditions of the transaction.