The Freeport LNG export project in Texas owned by Freeport LNG Development has shipped the first commissioning cargo of liquefied natural gas (LNG) produced from its second LNG train. The milestone was reported by McDermott International, which has been working alongside Chiyoda International and Zachry Group on the engineering, procurement, and construction (EPC), in addition […]
Danish power company Ørsted has agreed to sell its liquefied natural gas business (LNG business), comprising of the long-term regasification capacity agreement with the Gate Terminal and five LNG purchase agreements, to Swiss natural resources company Glencore. As per the agreement, Glencore will have to replace various contracts with new ones. Ørsted holds the right […]
Matapal gas project : Maersk Drilling has bagged a three-well contract worth around $78 million for the Maersk Discoverer semi-submersible rig from oil and gas giant BP to carry out development drilling at the offshore gas project in Trinidad and Tobago. The drilling contract for the Danish drilling rig operator is expected to come into effect […]
WPX Energy acquisition of Felix Energy : WPX Energy, an Oklahoma-based natural gas liquids company, has signed a $2.5 billion deal to acquire Delaware Basin operator Felix Energy. Based in Denver, Colorado, Felix Energy was founded in 2013. The Delaware Basin operator is financially backed by EnCap Investments and JP Morgan. Felix Energy, which has […]
Chevron and Total are set to go ahead with stage 1 development of the Anchor Oil Field Gulf of Mexico, offshore Louisiana, having taken a final investment decision (FID). The two oil and gas giants will invest nearly $5.7 billion for the phase 1 development of the US offshore oil field. Located approximately 225kms from […]
Vitol has signed a sale and purchase agreement (SPA) to buy LNG from Nigeria LNG Limited (NLNG) through the latter’s Trains 1, 2 and 3 located on Nigeria’s Bonny Island. The Dutch energy trading company will receive 0.5mtpa of LNG for a term of 10 years on a delivered ex-ship basis starting from October 2021. […]
Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]
Norwegian engineering company Aker Solutions has bagged a contract to support the development of BP’s 100% owned Cypre project located offshore Trinidad and Tobago (T&T). The Cypre gas project involves the development of the Macadamia gas discovery made in June 2017 by BP. Under the contract, Aker Solutions will be responsible for providing front-end engineering […]
Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]
McDermott International, Chiyoda International and Zachry Group said that Train 2 of the Freeport LNG project built on Quintana Island in Freeport, Texas, has started the production of liquefied natural gas (LNG). The partners said that this project milestone is a precursor to first cargo. Mark Coscio – McDermott Senior Vice President for North, Central […]