Saudi Aramco and ACWA Power signed a memorandum of understanding (MOU) with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at the recent signing ceremony. The Bangladesh...
Exxonmobil is offering to build Israel a floating LNG gas-ship to export from the Leviathan gasfield and thus bypass Egypt's planned LNG export facility. An Exxonmobil representative told various financial media that the company is still considering its options. Other sources cautioned that it is entirely likely no agreement...
Gazprom PJSC forecasts a conservative natural gas production outlook for 2019, based on warm weather and growing competition from Russian-piped super-chilled fuel. “We plan to produce 495 Bcm of gas this year,” deputy CEO Vitaly Markelov said in an interview to Gazprom's in-house publication, excerpted by Bloomberg. Markelov was reiterating...
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located on the China Sea Lingshui 17-2 gas field. The order is booked into Cargotec’s third quarter of 2019 order...
Four modular combinations of Cometto self-propelled trailers MSPE 40t in side-by-side configuration have been involved recently in heavy duty movements by customer Marine Maroc. The project consisted of the transport of six diesel engines each weighing 215t and six generators each weighing 72t for the power plant of Kayes in Mali....
ExxonMobil announced it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely drilled to 13,780 feet (4,200 meters) depth in 6,769 feet (2,063...
Russia's President Vladimir Putin tasked Gazprom CEO Alexei Miller to look into supplying Yamal gas to China via pipeline through Mongolia. "I would like to refer to the issue that we have repeatedly discussed with you and with Chinese partners, I mean the possibility of using the resources of...
The Malampaya gasfield guarantees Philippine energy security, but it runs dry soon and gas producers fear new fields are too near to the South China Sea. About 80 km off the northwest coast of Palawan Island in the South China Sea is the Malampaya natural gas field, the Philippines’ main...
Russian gas transiting Ukraine to the EU has hit record high levels, almost 300 million cubic meters a day, Serhiy Makogon, director of Ukraine’s Gas Transit System, writes on Facebook. Ukraine Business News reports that Makogon speculates in his Facebook post that Gazprom may be accelerating pre-holiday sales in...
Wärtsilä LNG propulsion and storeage systems will power four new next-generation short-sea cargo vessels under construction at the WuHu Shipyard in China. Wijnne & Barends Chartering based in the Netherlands, an affiliate of the Dutch Spliethoff Group ordered the vessels and placed the contract with Wärtsilä in December. The ships will...