liquified natural gas

Russia Takes Over the Sakhalin-2 LNG Project, Squeezing Shell

Journal of Petroleum TechnologyJuly, 2022

Russian President Vladimir Putin has signed a decree that could be interpreted as a backdoor move to nationalize the Sakhalin-2 offshore upstream oil and gas project and related LNG facilities as Moscow seeks to block Shell, and possibly Japan's Mitsui and Mitsubishi from selling their stakes to other international players. Kremlin spokesman Dmitry Peskov denied during a news conference on 1 July that the new Sakhalin-2 ownership regime outlined in the decree is in fact nationalization. But the presidential order signed on 30 June does direct the Russian government to take control of all shares, rights, obligations, and property currently held by the Bermuda-registered Sakhalin Energy Investment Company Ltd. The government will then vest those interests in a newly formed Russian limited liability company, Gazprom Sakhalin Holding, which will become the project's new operator/ Sakhalin-2's current partners will be offered new shares proportional to their old stakes and they would have a month to decide whether to accept the new terms. Even if the former partner agrees however, the government could refuse and sell the foreign-held stakes within a 4-month period to a Russian buyer.

Journal of Petroleum Technology

Country:

Asia > Russia > Far Eastern Federal District > Sakhalin (1.00)
Europe > Russia > Central Federal District > Moscow Oblast > Moscow (0.27)

Industry:

Government > Regional Government > Europe Government > Russia Government (1.00)
Government > Regional Government > Asia Government > Russia Government (1.00)
Energy > Oil & Gas > Upstream (1.00)
Energy > Oil & Gas > Midstream (1.00)

SPE Disciplines: Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (1.00)

Add feedback

Western Gas' Sasanof-1 Exploration Well Disappoints

Journal of Petroleum TechnologyJuly, 2022

Western Gas failed to encounter hydrocarbons with its Sasanof-1 exploration well offshore Western Australia. The well was drilled to a total depth of 2390 m by semisubmersible Valaris MS-1, but no gas reservoirs were intersected. The well will be permanently plugged and abandoned. The Sasanof prospect was estimated to hold 7.2 Tcf gas and 176 million bbl of condensate. The prospect was seen as potential supply for the NW Shelf LNG project.

Journal of Petroleum Technology

gas monetization, liquefied natural gas, liquified natural gas, LNG, prospect, sasanof-1 exploration well disappoint, Upstream Oil & Gas, western gas

Country: Oceania > Australia > Western Australia (0.37)

Industry: Energy > Oil & Gas > Upstream (1.00)

SPE Disciplines:

Well Drilling (0.80)
Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.80)

Add feedback

Cheniere Reaches FID on Corpus Christi LNG Expansion

Journal of Petroleum TechnologyJune, 2022

Cheniere Energy has taken a final investment decision (FID) on its 10 million tonnes per annum (mtpa) of LNG Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) and has issued full notice to proceed to Bechtel Energy to continue construction, which began earlier this year under limited notice to proceed. Early this month, a Cheniere subsidiary closed on an amended $4 billion term loan as well as a $1.5 billion upsized working capital facility. Borrowings under the term loan will be used to fund half of the expected cost to bring CCL Stage 3 on-line. The remaining costs are expected to be funded from Cheniere. "Reaching FID on CCL Stage 3 represents an important milestone for Cheniere as we move forward on this significant growth project, which will strengthen our market-leading LNG infrastructure platform, provide much-needed volumes to the global LNG market by the end of 2025, and create long-term value for our stakeholders," said Jack Fusco, Cheniere president and chief executive.

Journal of Petroleum Technology

agreement, ccl stage 3, cheniere, cheniere reach fid, cheniere subsidiary, Chevron, corpus christi lng expansion, delivery, gas monetization, liquefied natural gas, liquified natural gas, LNG, Midstream Oil & Gas, MTPA, sabine pass lng, terminal use agreement

Country: North America > United States > Louisiana (0.20)

Industry: Energy > Oil & Gas > Midstream (1.00)

SPE Disciplines: Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (1.00)

Add feedback

Liquified natural gas (LNG) - PetroWiki

PetrowikiJune, 2022

Petrowiki

Country: North America > United States (0.30)

Industry: Energy > Oil & Gas > Midstream (1.00)

SPE Disciplines: Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (1.00)

Technology:

Information Technology > Knowledge Management (0.41)
Information Technology > Communications > Collaboration (0.41)

Add feedback

Gas to liquids (GTL) - PetroWiki

PetrowikiJune, 2022

Petrowiki

Industry:

Energy > Oil & Gas > Upstream (1.00)
Energy > Oil & Gas > Downstream (1.00)

SPE Disciplines:

Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Gas to liquids (1.00)
Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.70)
Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Compressed natural gas (CNG) (0.69)

Technology:

Information Technology > Knowledge Management (0.41)
Information Technology > Communications > Collaboration (0.41)

Add feedback

QatarEnergy Taps Eni, ConocoPhillips To Join TotalEnergies on North Field East Expansion

Journal of Petroleum TechnologyJune, 2022

QatarEnergy has chosen Italy's Eni and US major ConocoPhillips as its newest strategic partners in its North Field East Expansion (NFE), joining France's TotalEnergies on a growing roster of international players that will develop the LNG industry's largest project to date. For Eni, NFE will be the its first foray into Qatar's upstream sector, while ConocoPhillips and Qatar share a history dating back to 2003 when both signed a Heads of Agreement to launch construction of Qatargas 3. Today, ConocoPhillips holds 30% of the Qatargas 3 joint venture (JV), a project with facilities integrated with Qatargas 4 (30% Shell) to produce natural gas, petroleum gas, and gas condensate from the North Field. The project includes a 7.8 gross mpta LNG facility which shipped its first product in 2010, according to ConocoPhillips. Announcements of QatarEnergy's NFE partner picks and CEO-level signing ceremonies in Doha have come in rapid-fire succession since Qatar revealed TotalEnergies as its first partner on 12 June. Its choice of Eni followed on 19 June, with the latest, ConocoPhillips, coming on 20 June.

Journal of Petroleum Technology