Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

Showing posts with label FLNG. Show all posts
Showing posts with label FLNG. Show all posts

Wednesday, 18 December 2019

McDermott, Chiyoda and Zachry Group Announce First Cargo from Freeport LNG Train 2

First cargo of liquefied natural gas shipped from Train 2 of the Freeport LNG project Project team maintains a continuous focus on safety and quality Accomplishment is a precursor to substantial completion of Train 2 Below is the full press release from McDermott HOUSTON, Dec. 18, 2019 McDermott International, Inc. along with its partners, Chiyoda International Corporation and Zachry Group, announced today that the first commissioning cargo of liquefied natural gas (LNG) has been shipped from Train 2 of the Freeport LNG project on Quintana...

Thursday, 12 July 2018

Ophir lost in space

Ophir’s Equatorial Guinea Fortuna FLNG project faces further uncertainty as the government threatens to pass the Block R licence which contains the gas field to another company in December when it expires. It has given Ophir an ultimatum to present a firm financing plan and progress the FLNG project. The FLNG concept is still relatively new technology and together with the geography, Ophir has found it challenging to raise bank financing or...

Monday, 21 May 2018

Cameroon FLNG: Hilli Episeyo ships first FLNG cargo

The Hilli Episeyo FLNG project has exported its first LNG cargo, destined for China, and is on the way to producing its second cargo. It is the first FLNG project to take off in Africa and could pave the way for future projects in Equatorial Guinea (Ophir's Fortuna project) and Mauritania (BP/Kosmos). FLNG technology was been pursued by Golar after the cost of land based LNG projects soared. Golar has been converting old LNG tankers into...

Monday, 12 February 2018

Tortue unitisation across Mauritania and Senegal

The governments of Mauritania and Senegal have signed an Inter-Governmental Cooperation Agreement in another step forward for the Tortue gas development which straddles the border of the two countries. The field will now be unitised with an initial split of resources 50:50 and a mechanism for future equity redeterminations based on actual production and other technical data. FID of the field remains on track, targeting year end 2018 with first...