Santos in the Red on LNG Project
Santos Ltd reported a first-half net loss of $1.1 billion after taking a $1.05 billion charge on its Gladstone liquefied natural gas (LNG) export project in Queensland, reports Bloomberg. However, Santos Chief Executive Kevin Gallagher said the company may run its Gladstone liquefied natural gas plant (LNG) below its 7.8 million tonnes a year capacity, but said there was no plan to mothball one of its two production units, reports Reuters. "We wouldn't be looking to ever mothball one train," Gallagher said: "But what I would say is that we will operate both trains
Subsea Production, Arctic Shelf Oil, Gazprom 2013 Milestones
subsea production facility makes it possible to produce gas with no platforms or other above-water facilities. The Kirinskoye field and other fields within the Sakhalin III project are the resource base for promoting the gasification process in the Russian Far Eastern regions and building a liquefied natural gas plant in the Primorye Territory – the Vladivostok-LNG project. Russian Arctic Shelf Development Earlier this year, Gazprom started producing oil from the Prirazlomnoye field. It is the first Russian project for developing the Arctic shelf and marks the commencement of the company's
ABB Wins Third Ichthys FPSO Major Contract
Samsung Heavy Industries to be the MEC for the Ichthys central processing facility, which, when completed will be the largest offshore production facility in the world. And, in 2012 ABB won orders worth $80 million to supply power technologies and medium voltage drive systems for a new onshore liquefied natural gas plant, to which the gas from the Ichthys field will be transported by pipeline for processing. Ichthys is the second largest oil and gas project in Australia’s history. When production starts in 2016 Ichthys will have an initial production capacity of 8.4 million metric tons of liquefied
February 2024
