Daily Archives: September 7, 2016

ION to certify Mexican reserves

Mexico’s National Hydrocarbons Commission has approved ION Geophysical Corp.’s Mexican entity to conduct reserve audits in Mexico. Read Full Article Here For more great articles: Offshore RSS Feed

Emerson wins Shell Prelude FLNG automation deal

By LNG World News Shell informed it has chosen Emerson to provide automation maintenance and reliability services for Shell’s Prelude floating liquefied natural gas (FLNG) facility. The size of six aircraft carriers, Prelude is the world’s largest floating production facility. It will process natural gas collected from subsea wells 475 kilometers (almost 300 miles) offshore…

Ineos enters into first loan on the back of new North Sea assets

By Offshore Energy Today.. Ineos UK E&P Holdings has entered into its first, five-year, reserve-based lending facility (RBL Facility) of £220 million ($294M). Ineos said on Wednesday that the facility has been secured on attractive terms on the back of the recently-acquired assets from DEA UK and Fairfield Energy. To remind, Ineos bought interests in…

Wood Group, Technip wrap up Gorgon LNG work

By LNG World News Wood Group and Technip have recently completed 11 years of engineering and project management services on the Chevron-operated US$54 billion Gorgon LNG project in Australia. The two companies formed the Gorgon Upstream Joint Venture (GUJV) back in 2005 to deliver front end engineering and design (FEED) services, and transitioned with the…

Stena Line orders Caterpillar engines for LNG-ready RoPax ferries

By LNG World News Caterpillar Marine has been selected to provide the engines for Stena Line’s four LNG-ready RoPax ferries to be constructed at AVIC Weihai Shipyard in China. Each vessel will be equipped with Caterpillar’s two MaK propulsion engines, the company informed in its statement. Earlier in April, Stena Line noted that the main…

Wood Group and Technip complete 11 years of Gorgon work

By _Offshore_Energy_Today_ Wood Group and Technip have recently completed 11 years of engineering and project management services on the Chevron-operated Gorgon project off Western Australia. To remind, Wood Group and Technip formed the Gorgon Upstream Joint Venture (GUJV) in 2005 to deliver front-end engineering and design (FEED) services and provide detailed engineering, procurement, and construction…

Shell lifts force majeure on gas supplies to Nigeria LNG

By LNG World News Image courtesy of NLNGShell Petroleum Development Company, a Nigerian unit of Hague-based LNG giant Shell lifted a force majeure on gas supplies to the Nigeria LNG export facility located on Bonny Island. SPDC declared force majeure on gas supply to NLNG on 8 August, following a leak on the Eastern Gas…

Pacific Radiance settles PSV dispute with two Chinese shipyards

By Offshore Energy Today.. Singapore’s offshore vessel supplier Pacific Radiance has reached a settlement with two Chinese shipyards regarding a dispute over construction contracts for two platform supply vessels (PSVs). To remind, in June 2016, Pacific Radiance’s wholly owned subsidiary Pacific Crest issued notices of arbitration against Shanghai Waigaoqiao Shipbuilding & Offshore Co., Ltd., and…

DW: North American activity to push global LNG Capex up

By LNG World News The LNG industry, boosted by North American activity which is driving the return to growth in global capital expenditure, is undergoing transformation, according to a report by Douglas-Westwood (DW). Global LNG expenditure is expected to total US$284 billion between 2017 and 2021, representing a 50 percent growth compared with the preceding…