French major Total and Papua New Guinea Government confirm relaunch of Papua LNG joint venture
French oil and gas major Total and the Government of Papua New Guinea have agreed to proceed again with the Papua LNG project with natural gas mainly from the Elk-Antelope resources, among the largest onshore gas fields in Asia.
McDermott of US wins engineering contract for Inpex-operated Ichthys LNG project offshore development
US engineering company McDermott International was awarded a contract to provide front-end engineering and design services for the Ichthys liquified natural gas field development of Japanese energy firm Inpex Corp. offshore Western Australia.
The Houston, Texas-based company said the award was for a booster compression module with optional engineering, procurement and construction (EPC) for the project.
The booster compression module will be added to the Ichthys LNG central processing facility, located offshore the northwest coast of Western Australia.
“This award illustrates McDermott's continuing expertise in complex offshore EPCI,” said Ian Prescott, McDermott's Senior Vice President, Asia Pacific.
“Our work to date demonstrates our qualifications to deliver smart solutions in challenging environments - and to the highest safety and technical standards,” stated Prescott.
McDermott has been a long-standing operator in the Asia-Pacific energy market as well as being involved in the US Gulf Coast LNG export plant build-out.
McDermott is also undertaking subsea umbilicals, risers and flowlines (URF) as part of an expansion of the existing Ichthys LNG facilities.
Engineering will be completed in McDermott's Asia-Pacific headquarters in Kuala Lumpur, Malaysia, and was already underway.
Inpex is operator of the onshore Ichthys plant at Bladin Point near Darwin in Australia’s Northern Territory.
The company also has a stake in Royal Dutch Shell’s Prelude FLNG project offshore northwest Australia, as well as the planned development of an onshore plant in Indonesia.
The Australian Ichthys plant came on stream in 2018 and produces almost 9 million tonnes per annum of LNG from two processing Trains.
Shares in Ichthys LNG held by Inpex amount to around 66 percent of equity, while French major Total has 26 percent.
Micro-stakes are additionally held by customers CPC Corp. of Taiwan and Japan’s main utilities and LNG buyers, JERA Co. Inc., Tokyo Gas, Osaka Gas, Kansai Electric and Toho Gas.
France’s Total in profit
Oct 30 (LNGJ) - French energy major Total reported a tumble in net income to $202 million in the third quarter from $2.80 billion in the same three months of 2019. This followed second-quarter 2020 write-downs that led to a loss of $8.36Bln.
LNG sales by Total rose 20 percent in the third quarter to 6.6 million tonnes from 5.5MT in the prior-year quarter. Nine-month LNG sales amounted to 23.2MT, up 27 percent from the 18.3MT logged in the third quarter of 2019. “Upstream carries the Group’s results with adjusted net operating income of $1.1 billion, notably thanks to low production costs, despite lower LNG prices and lower production,” said Chairman and Chief Executive Patrick Pouyanné.
European energy major Total reports LNG as highlight among overall net loss of $8Bln on impairments
European major Total said its LNG sales increased by 22 percent in the second quarter compared with last year, notably due to an increase in trading activities, while the group posted an overall net loss of more than $8 billion because of assets impairments caused by the oil slump and Covid-19.
TechnipFMC signs Russian Arctic LNG II plant contract with first Train on stream in 2023
Novatek, the Russian developer of the Arctic II LNG project on the Gydan Pensinsula, said it signed a deal with Franco-US energy contractor TechnipFMC for the engineering, procurement, construction and commissioning of the liquefaction plant to produce 19.8 million tonnes per annum.
