BP Trinidad Nears Launch of Mango Gas Field
Posted on Oct 23, 2007 in E&P, Liquefaction | Comments Off on BP Trinidad Nears Launch of Mango Gas Field
Platts LNG Daily reports that BP Trinidad is close to commencing operations of the Mango gas field off the coast of Trinidad and Tobago. Once all the associated pipeline infrastructure is completed, the field will produce gas for both domestic purposes and exports from the Atlantic LNG liquefaction plant. [Subscription...
Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Posted on Sep 24, 2007 in E&P, Financing, Markets and Competition | Comments Off on Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Platts Oilgram News reports that analysts predict ExxonMobil may spend some of its $230 billion reserves buying a large company that would boost its LNG production sector. An analyst with Oppenheimer said that a large acquisition in 2008 is key to the company’s long-term strategy, a view in line with an August Credit Suisse report. However, an analyst with Benchmark suggested...
SBM Offshore Announces LNG FPSO Technology Ready for Marketing
Posted on Sep 20, 2007 in E&P, Technology | Comments Off on SBM Offshore Announces LNG FPSO Technology Ready for Marketing
SBM Offshore NV, a European LNG design firm, announced that its LNG Floating Production Storage and Offloading (“FPSO”) vessel design is ready for marketing to large exploration and production players. SBM Offshore has formed a partnership with the German design firm LINDE A.G. as a means to shorten the design and delivery cycle...
Canadian Firm Unlikely to Face Same Fate as Repsol in Algeria
Posted on Sep 20, 2007 in Canada & Mexico, E&P, Markets and Competition | Comments Off on Canadian Firm Unlikely to Face Same Fate as Repsol in Algeria
Chief executive Rick Anderson of First Calgary Petroleums Ltd., a Canadian gas production firm, told the Globe and Mail that he does not expect his company to face challenges similar to those leading to the forced exodus of Repsol YPF from Algeria’s Gassi Touli LNG project. Algerian-owned Sonatrach “won’t come after us. Our own project is on very favorable terms with...
Union Official: Make Trinidadian Gas Audit Report Public
Posted on Aug 24, 2007 in E&P, Markets and Competition | Comments Off on Union Official: Make Trinidadian Gas Audit Report Public
Errol Mc Leod, president general of the Oilfields Workers’ Trade Union, has called on the government of Trinidad and Tobago to release publicly a natural gas market audit, which he believes has concluded that the Caribbean nation may only have approximately 12 years of gas reserves remaining. Mc Leod underscored the importance of determining reserve levels, due to the...
Statoil Receives First Gas Supplies from Snohvit Field
Posted on Aug 22, 2007 in E&P, Liquefaction, Markets and Competition | Comments Off on Statoil Receives First Gas Supplies from Snohvit Field
Norwegian energy firm Statoil announced yesterday that its Hammerfest LNG export facility in northern Norway has received its first volumes from the Snohvit gas field and that it expects to begin production of LNG over the next three to four weeks. Much of the natural gas from Snohvit will be shipped to the United States, though plans for the terminal’s first shipment of LNG are...