Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…
Nigeria
Articles from Nigeria
Nigeria Slowly Advancing Plans for FLNG Export Projects
Nigeria is working to develop floating LNG (FLNG) facilities to further monetize the country’s huge natural gas reserves and avoid the sort of issues it’s had with a six-train facility onshore. Earlier this month, Golar LNG Ltd. joined Nigeria-based UTM Offshore Ltd. to develop an offshore liquefaction project after agreeing to new terms with state-owned…
Europe’s Reliance on Diverse Pool of LNG Sources Continues Year After Ukraine Invasion
A year after Russia’s invasion of Ukraine splintered the energy landscape in Europe, the region is continuing to diversify its natural gas supply, thanks in part to a wave of LNG imports. However, it still faces years of possible shortages as global export capacity remains tight. Since last February, liquefied natural gas imports have taken…
Could Natural Gas Supply Issues in Algeria, Nigeria Impact Europe?
Production and capacity issues in Algeria and Nigeria could impact future natural gas pipeline and LNG exports to Europe, complicating buyers’ hopes that contracted supplies can help bridge the gap caused by the shutdown on Nord Stream 1. Liquefied natural gas is projected to meet about half of Europe’s gas demand through 2030, according to…
Nigeria LNG Moves Closer to Seventh LNG Train
Nigeria LNG (NLNG) said Wednesday it has a letter of intent (LOI) with the SCD consortium for a seventh train at the Bonny liquified natural gas (LNG) plant in the Niger Delta. The consortium is made up of Saipem SPA, Chiyoda Corp. and Daewoo E&C.
The Economist Sees Natural Gas as ‘Cleaner, Not Cooler’
The boom in shale gas and the increased use of natural gas will solve some, but not all, of the world’s problems with energy use, according to an essay, one of two articles on the world impact of shale gas in a recent issue of the British weekly news magazine, The Economist.
Talisman-Sasol Deal Includes GTL Option
Calgary-based Talisman Energy Inc. is selling a 50% working interest in its Farrell Creek assets in the Montney Shale to Sasol Ltd. for C$1.05 billion. As part of the deal, the partners said Monday they will weigh the market viability of converting gas to liquid fuels using Sasol’s gas-to-liquids (GTL) technology.
Industry Briefs
BP announced last week that it signed a memorandum of understanding with Brass LNG in Nigeria to purchase two million metric tons a year of liquefied natural gas (LNG). The deal, which is expected to be concluded later this year, will cover a 20-year period starting in 2010. The LNG will be delivered by Brass and used by BP to supply markets in the Atlantic basin, particularly the United States and United Kingdom. Under the flexible contract, LNG also may be delivered to other existing LNG markets and a number of proposed new terminals that BP and its partners are seeking to develop in New Jersey, Texas, elsewhere in the U.S. and in Italy. The new LNG supply will compliment BP’s equity LNG from Trinidad, Australia, Indonesia and Abu Dhabi, which will make up the majority of its portfolio, together with LNG from Egypt and third-party purchase agreements with Oman and Qatar.