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Collaborating Authors
Liquified natural gas (LNG)
Pieridae Energy has reconfirmed its expectations to sell its abandoned Goldboro LNG project prior to the end of June 2024. Proceeds will be used to partially repay its 22 million convertible bridge term loan which matures on 13 December 2024. The Canadian independent said last November that it was walking away from the project, which it had been pursing since 2012. Once the sale is completed, it will mark the conclusion of Pieridae's pivot away from east coast LNG and toward an Alberta-focused natural gas production and processing business. "Our intent to divest our LNG business was previously communicated, and we advanced the planned sale of the Goldboro Nova Scotia LNG assets in the fourth quarter of 2023," company President and Chief Executive Darcy Reding told investors this month.
ADNOC said it has signed a 15-year supply agreement with Germany's Securing Energy for Europe (SEFE) to deliver 1 mtpa of LNG. According to the company, the LNG will primarily be sourced from its lower-carbon Ruwais LNG project currently under development in Al Ruwais Industrial City, Abu Dhabi. The plant will be the first LNG project in the Middle East and North Africa region to run on clean power, making it one of the lowest-carbon-intensity LNG facilities in the world, according to ADNOC. The project consists of two 4.8-mtpa natural gas liquefaction trains with a total capacity of 9.6 mtpa. When complete, it will more than double ADNOC's LNG production target capacity to meet the increased global demand for natural gas.
- Government > Regional Government > Asia Government > Middle East Government > UAE Government (1.00)
- Energy > Oil & Gas > Midstream (1.00)
- Health, Safety, Environment & Sustainability (1.00)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (1.00)
The Energy Information Administration (EIA) forecasts lower US dry natural gas production for the remainder of the year due in large part to continued lower natural gas prices. Several producers scaled back drilling activities after prices fell to a 3.5-year low in February. EIA expects production levels to remain steady in March from February at just under 104 Bcf/D, then slight declines for the balance of the year. "We do not expect that natural gas production will return to its December 2023 record of 106 Bcf/D during the forecast period," EIA wrote. Production increases to 104 Bcf/D in 2025, driven by expected growth in associated natural gas production in the Permian Basin and growth in LNG export demand."
- North America > United States > Texas (0.27)
- North America > United States > New Mexico (0.27)
- Government > Regional Government > North America Government > United States Government (1.00)
- Energy > Oil & Gas > Upstream (1.00)
- North America > United States > Texas > Permian Basin > Yeso Formation (0.99)
- North America > United States > Texas > Permian Basin > Yates Formation (0.99)
- North America > United States > Texas > Permian Basin > Wolfcamp Formation (0.99)
- (21 more...)
- Production and Well Operations (1.00)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.60)
This course offers an overview of the expanding gas processing sector, which has been impacted by the rapid development of unconventional gas. It explains how rich natural gas is first separated into methane and NGL and transported to fractionation plants, where it is separated into ethane, LPGs (propane and butanes) and natural gasoline. Special attention is given to the various uses for these liquid hydrocarbons, the market prices and economics of various rich gas streams when separated and marketed into individual components and their historical international market supply-demand and pricing profiles.
- Production and Well Operations > Well & Reservoir Surveillance and Monitoring (0.75)
- Facilities Design, Construction and Operation > Processing Systems and Design > Gas processing (0.75)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.75)
A hydrogen economy envisions using hydrogen as a clean, low-carbon, and versatile energy carrier and fuel. SLB and Chord Energy join this SPE Tech Talk to demonstrate methods that can eliminate routine flaring from production facilities in the Bakken, leading to increased revenues and decreased emissions. Universal Pressure Pumping's Mike Michaelson joins this SPE Tech Talk to discuss the development of dual fuel frac technology and its role in improvin Universal Pressure Pumping's Mike Michaelson joins this SPE Tech Talk to discuss the development of dual fuel frac technology and its role in improvin
- Health, Safety, Environment & Sustainability > Environment > Air emissions (0.48)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.47)
This course covers the LNG value chain, from gas supply to liquefaction, ship transportation and receiving/regasification terminals, and the processes/facilities required in each sector. The economics of a special LNG case study are presented to show the typical economics of a project. You will learn the price that must be charged for LNG delivered into a distant market, considering capital and operating costs and the impact of the revenues received for the hydrocarbon liquids produced and sold with the gas. The course also contains a summary of the historical LNG market development, including the major exporters and importers, and the various regional market prices of LNG.
Project Economics and Risk Analysis presents the process energy companies follow to analyze the economic attractiveness of capital investments, whether it is an investment in oil and gas exploration, a new power plant or LNG facility, a new refinery, or simply the capital expansion of an existing facility. The analysis includes three basic ways to incorporate uncertainty into the calculation of project metrics: Deterministic estimates, Spider and Tornado Diagrams, and Monte Carlo Simulation.
- Management > Strategic Planning and Management (0.80)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.80)
- Management > Risk Management and Decision-Making > Risk, uncertainty, and risk assessment (0.74)
- Management > Asset and Portfolio Management > Project economics/valuation (0.74)
QatarEnergy has green-lit its new North Field West expansion project as it pursues its quest to nearly double the country's LNG production capacity by decade's end to 142 mpta, an almost 85% increase over current capacity. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and president and CEO of QatarEnergy, announced the decision at a 25 February press conference at QatarEnergy's headquarters in Doha and said basic engineering works will proceed to ensure that the project's approved schedule is met. Extensive appraisal drilling and testing has confirmed that the productive layers of Qatar's giant North Field extend towards the west, opening the door to a new LNG production project in Ras Laffan, Al-Kaabi said. Additional gas volumes in the western part of North Field are estimated at 240 Tcf, thus raising Qatar's overall estimated gas reserves to more than 2,000 Tcf from the current 1,760 Tcf. He added that the area has enough condensate to boost those reserves to 80 billion bbl from the current 70 billion bbl; the area also possesses large quantities of liquefied petroleum gas, ethane, and helium.
- North America > United States (1.00)
- Asia > Middle East > Qatar > Arabian Gulf (1.00)
- Asia > Middle East > Qatar > Ad-Dawhah > Doha (0.26)
Australia's Woodside Energy marked a significant milestone in its Scarborough gas and LNG project offshore Western Australia with the arrival of the first three Pluto Train 2 modules. The three modules, fabricated by Bechtel in Indonesia, weigh a combined 4,000 tons and are the first of 51 modules to be shipped to the site from the module yard to form Pluto Train 2. Pluto Train 2 is the second LNG production train at the existing Pluto LNG onshore facility and will process gas from the Scarborough development. Bechtel was selected by Woodside Energy to execute the engineering, procurement, and construction of Pluto Train 2, with construction activities beginning in November 2021. The final investment decision to develop the Scarborough gas field was announced in November 2021. The field is located approximately 375 km off the coast of Western Australia and is estimated to contain 11.1 Tcf of dry gas.
Chesapeake Energy together with certain of its subsidiaries entered into an LNG export deal with Delfin LNG and Gunvor Group that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 mtpa of LNG from Delfin at a Henry Hub price and contract targeted start date in 2028, then deliver to Gunvor on a free-on-board (FOB) basis with the sales price linked to the Japan Korea Marker for a period of 20 years. These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa heads of agreement with Gunvor. "Today's announcement cements an important step on our path to'Be LNG Ready' and is further recognition of the depth of our portfolio and strength of our financial position," said Nick Dell'Osso, Chesapeake president and CEO. "We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower-carbon energy to markets in need."
- North America > United States > Louisiana > Vermilion Parish > Erath (0.27)
- Asia > Japan (0.27)
- Health, Safety, Environment & Sustainability (1.00)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (1.00)