In this issue

 

Our North American editor in New York

AES Dominicana, a subsidiary of AES Corp. of the US, has signed an agreement to supply liquefied natural gas to the Barbados National Oil Company from its AES Andres LNG terminal in the Dominican Republic. 

CB&I, the US energy and liquefied natural gas engineering company, reported a 77 percent drop in first-quarter net income and revenue also fell, though the company sensed a rebound in opportunities in China and the Middle East. 

Crowley Maritime Corp. said its liquefied natural gas services group has been awarded a multi-year contract to supply additional volumes of containerized LNG shipped from Florida to pharmaceutical manufacturing plants in Puerto Rico. 

Our North American editor in New York

Japanese utility and LNG importer Tokyo Gas has completed a transaction to take a strategic equity investment in a US company with natural gas assets in Louisiana and Texas, including the Haynesville shale play, for future use in liquefaction tolling agreements at Gulf Coast export plants. 

Australian engineering and construction company Monadelphous said it was awarded the long-term offshore maintenance services contract for the Ichthys LNG project being developed by Japanese energy company Inpex near Darwin in the Northern Territory. 

Our Asia-Pacific editor

Malaysian energy company Petronas said it expected to proceed with a second floating liquefied natural gas project involving a US company after the successful start-up of “PFLNG Satu”, the world’s first production hull deployed over the stranded Kanowit gas field offshore Sarawak. 

Our North America editor in New York

Tellurian Inc. reported a net loss of $141 million in the first-quarter of 2017 as it followed its game plan to develop the Driftwood LNG plant near Lake Charles in Louisiana by 2022 to match the Sabine Pass venture of Cheniere Energy with 27 million tonnes per annum of output. 

US natural gas production is expected to rise to an average of 74.1 billion cubic feet per day for 2017 and to surge even higher in 2018 as benchmark prices also increase on the back of LNG exports and more demand from the domestic market. 

Anadarko Petroleum Corp., the US company with plans to develop LNG projects in the southeast African nation of Mozambique, has made executive changes to its US and international operations team leadership as it moves forward after the Colorado accident that led to a temporary shutdown of 3,000 wells in the state. 

Our Asian editor

Petronet LNG of India, operator of the Dahej import terminal near Mumbai, almost doubled net profits for the fourth quarter of fiscal 2017 in line with the surge in imported cargoes and a rise in regasification capacity. 

Woodside Petroleum Chief Executive Peter Coleman said global liquefied natural gas market conditions are pushing the company towards using its Browse Basin resources offshore Western Australia to double the life of its existing Northwest Shelf liquefaction plant rather than undertaking a separate Browse LNG joint venture. 

Our Europe editor

Golar LNG, the Norwegian fleet owner and project developer, has signed agreements for conversion of the 126,000 cubic metres capacity carrier “Gandria” to a floating liquefaction facility to be deployed for the Fortuna project offshore Equatorial Guinea, led by UK company Ophir Energy. 

Agreement aligns all parties throughout the project value chain from upstream to marketing

Our Europe editor

Ophir Energy of the UK, the licence holder for the Fortuna floating LNG project in Equatorial Guinea, said a full legal and fiscal framework agreement has been signed by all parties, signalling the go-ahead for the venture offshore West Africa with Chinese-sourced loans. 

Our Europe editor

Royal Dutch Shell sold 3.2 percent more liquefied natural gas in the first quarter, helped by higher output from the Gorgon LNG plant in Western Australia as income for the Integrated Gas division more than doubled. 

News Nudges

CB&I CEO to retire

CB&I, the US energy and LNG engineering company, said Philip K. Asherman would be retiring, aged 66, from his positions as President and Chief Executive from July 1 and would be replaced by Patrick K. Mullen. “CB&I's Supervisory Board is grateful for Phil's service and congratulates him on his nearly 12 years of leadership of what has become one of the premier energy infrastructure companies in the world,” said L. Richard Flury, Non-Executive Chairman of the CB&I Supervisory Board. New CEO Mullen, aged 52, was named Chief Operating Officer in 2016 after previously serving as Executive Vice President and President of CB&I’s Engineering and Construction unit where he was responsible for worldwide operations.


Ever cleaner LNG plan

Woodside Petroleum, the major Australian LNG producer, has signed a seven-year contract with a company called Contract Resources to use its planned facility in Karratha, Western Australia, to process spent catalysts and hazardous waste by-products from LNG production and the oil and gas stream process. The Contract Resources secure storage, processing and purification plant will be the first of its kind in Australia and construction is expected to commence shortly.


UK’s gas network profit

National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M). “UK Gas Transmission delivered a solid performance,” the company said.