In this issue

 

CEO Dudley pins hopes on African FLNG and natural gas projects in Indonesia and Egypt

Our Europe editor

BP Chief Executive Bob Dudley said the first pillar of the UK major’s strategy recognises that oil and gas will be important for decades as he listed vital projects he is pressing ahead with, including a floating LNG venture to be developed offshore West Africa and other LNG and gas ventures in Indonesia and Egypt. 

Our North America editor in New York

Jordan Cove LNG project, the liquefaction and export venture for the northwest of the US being carried forward by two merging Canadian companies, has joined the Washington DC-based industry group, the Center of Liquefied Natural Gas for support in the regulatory process. 

Cheniere Energy’s Sabine Pass LNG export plant in Louisiana sent out three fewer cargoes compared with the record 16 shipments logged in the previous month, according to the latest data showing US deliveries to nine different countries at lower prices, including three to the Middle East and one to Thailand. 

Our Asia-Pacific editor

Inpex Chief Executive Toshiaki Kitamura acknowledged that the Japanese company’s Ichthys liquefied natural gas project near Darwin in Australia’s Northern Territory was behind schedule by several months and the shipping of the first LNG cargo could take place by the end of 2017 or early 2018. 

Australian company Santos, a stakeholder in three Asia-Pacific liquefied natural gas production plants, said it received further positive results from the Muruk 1 gas exploration well being drilled in the Papua New Guinea Highlands to help underpin PNG LNG plant expansion. 

Chevron Corp., the operator of the Gorgon LNG plant on Barrow Island in Western Australia, said one of its three Trains has been shut until mid-June because of a technical fault as its newest Wheatstone venture continues with its commissioning process. 

Our Asia-Pacific editor

Chiyoda Corp. the Japanese energy engineering company working on liquefaction projects such as Yamal LNG in Russia and Cameron LNG in Louisiana, recorded an annual loss of more than $360 million as it installed a new management team to recover from problems at a subsea market subsidiary. 

Japanese government figures show that the average delivered price of spot liquefied natural gas shipments arriving in Japan was higher at an average $5.90 per million British thermal units in April compared with $5.80 per MMBtu in April 2016. 

Our Asia-Pacific editor

BP has signed a final sales agreement to supply Indonesian state power company Perusahaan Listrik Negara (PLN) with a total of around 250 cargoes for 15 years from the new liquefaction Train planned at the Tangguh LNG plant operated in eastern Indonesia by the UK company. 

Our North America editor in New York

Teekay LNG Partners, the Bermuda-based carrier fleet operator for the global shipping line, posted a first-quarter profit as it pressed ahead with putting four new carriers in charter, including two for delivering cargoes from the Yamal LNG project in the Arctic region of Russian. 

Leading global ship satellite intelligence company MarineTraffic, whose service enables the tracking of the global LNG fleet and other vessels, has signed an accord with the United Nations Conference on Trade and Development (UNCTAD) for both organisations to enhance their services and allow for more accurate analysis of international trade and shipping trends. 

Daewoo Shipbuilding and Marine Engineering, one of the world’s leading builders of liquefied natural gas carriers, has lost a court case filed against its South Korean rivals over a patent for reliquefaction technology. 

Our North America editor in New York

Pieridae Energy of Canada is planning a reverse takeover and a listing on the Toronto Stock Exchange as it follows the lead of US LNG developers before the start of financing and construction of its Goldboro LNG plant in the Atlantic province of Nova Scotia. 

Tellurian Inc., developer of the Driftwood LNG project in Louisiana, surprisingly withdrew its planned public offering of 10 million shares just 24 hours after first announcing the transaction, citing adverse market condition after primary US stock markets suffered falls. 

News Nudges

CB&I CEO to retire

CB&I, the US energy and LNG engineering company, said Philip K. Asherman would be retiring, aged 66, from his positions as President and Chief Executive from July 1 and would be replaced by Patrick K. Mullen. “CB&I's Supervisory Board is grateful for Phil's service and congratulates him on his nearly 12 years of leadership of what has become one of the premier energy infrastructure companies in the world,” said L. Richard Flury, Non-Executive Chairman of the CB&I Supervisory Board. New CEO Mullen, aged 52, was named Chief Operating Officer in 2016 after previously serving as Executive Vice President and President of CB&I’s Engineering and Construction unit where he was responsible for worldwide operations.


Ever cleaner LNG plan

Woodside Petroleum, the major Australian LNG producer, has signed a seven-year contract with a company called Contract Resources to use its planned facility in Karratha, Western Australia, to process spent catalysts and hazardous waste by-products from LNG production and the oil and gas stream process. The Contract Resources secure storage, processing and purification plant will be the first of its kind in Australia and construction is expected to commence shortly.


UK’s gas network profit

National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M). “UK Gas Transmission delivered a solid performance,” the company said.