Flng

A recent three-well drilling campaign offshore Mauritania and Senegal has further established the extent of the world-class scale of the natural gas resources that could help feed an innovative floating liquefied natural gas (FLNG) project.

The Indonesian government has granted Japanese oil major Inpex Corp. and Royal Dutch Shell plc an extension to develop the massive offshore Abadi natural gas field.

Woodside Petroleum Ltd. and its partners have postponed indefinitely the Browse joint venture floating liquefied natural gas (FLNG) project off the coast of Western Australia.

Yet another would-be exporter of liquefied natural gas (LNG) from British Columbia (BC) has joined the applicant queue at Canada’s National Energy Board (NEB).

Royal Dutch Shell plc on Thursday completed its purchase of Repsol SA’s liquefied natural gas (LNG) portfolio outside of North America, giving it a wider berth in the Atlantic Basin, as well as existing charter leases to substantially increase its global reach.

Cheniere Energy Inc. has closed the sale of its 30% limited partner interest in Freeport LNG Development LP for net proceeds of approximately $104 million to ZHA FLNG Purchaser LLC, an entity formed by Zachry American Infrastructure LLC and Hastings Funds Management USA Inc. on behalf of institutional investors, Cheniere said. Net proceeds are to be used to pay down a portion of the $400 million, 9.75% term loan held by a Cheniere subsidiary, the company said (see Daily GPI, April 26). The transaction is in line with Cheniere’s strategy of improving its capital structure and reducing debt.