Tag: gas carriers

Equinor and partners announced that the production on the Snefrid Nord gas field commenced on September 1, following the first discovery tied back to the Norwegian Sea Aasta Hansteen field. The production sets a new depth record on the Norwegian continental shelf (NCS). 

Natural gas deliveries to US facilities producing LNG for export achieved a monthly record in July 2019, averaging 6.0 billion cubic feet per day (Bcf/d). This is 7% of the total US dry natural gas production, according to data from OPIS PointLogic Energy.

As EIA informs, the Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and LNG shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and is considered as a key chokepoint due to the large volumes of energy commodities that flow through it.

ABS and MOL informed that they have signed a Memorandum of Understanding to collaborate on up to 14 new gas carriers. The agreement regards seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the US to China and other global markets.

Worldwide discoveries of conventional oil and gas continue to present promising growth, as new finds total to an overall 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad Energy.

The Society of International Gas Tanker & Terminal Operators Ltd (SIGTTO) published the first output from the Human Element Committee, 'Recommendations for Management of Cargo Alarm Systems', recommending the implementation of alarm management philosophies for cargo alarm systems on gas carriers.

According to research by natural resources consultancy Wood Mackenzie, Malaysia provides some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily because of the need for additional gas supply.

The American Petroleum Institute released its latest Monthly Statistical Report and API Industry Outlook outlining the increased growth and resiliency of the US natural gas and oil industry. Namely, US crude oil production reached a new all-time high of 12.2 million barrels per day in May 2019.

Fire took place at the SPD9 platform, in the South Pars gas field, on June 12. About 14 people were working at the platform the moment of the fire, and after the explosion they were transported to Asaluyeh, Southern Province of Bushehr, by helicopter. No casualties were reported, while the fire has now been contained.

Reliance Industries Limited and BP announced the sanction of the MJ project in Block KG D6, offshore the east coast of India. MJ is the third of three new projects in the Block KG D6 and its approval comes after sanctions for the development of 'R-Series' deep-water gas field in June 2017 and for the Satellites cluster in April 2018.