Industry News
Sempra and ConocoPhillips to Partner for Port Arthur LNG
Global demand for reliable sources of natural gas is driving new projects and strategic partnerships in the US. Sempra Infrastructure and ConocoPhillips have announced their partnership has executed a 20-year Sale and Purchase Agreement for five million tonnes per annum of liquefied natural gas from Phase 1 of the proposed Port Arthur LNG project under…
Read MoreFreeport LNG Development Announces December Restart Date
Freeport LNG Development has announced its timeframe for starting operations at its natural gas liquefaction and LNG export facility in Texas. In a statement posted on its website, the company noted that, as of November 14, the reconstruction work necessary to commence initial operations, including utilization of all three liquefaction trains, two LNG storage tanks…
Read MoreNew US$8.5 billion integrated polymers facility in Texas set to create 5,000 new jobs
Chevron Phillips Chemical Company LLC and QatarEnergy have announced that they are proceeding with the construction of an $8.5 billion integrated polymers facility in Orange, Texas. The project is expected to create more than 500 full-time jobs and approximately 4,500 construction jobs and generate an estimated $50 billion for the community in residual economic impacts.The…
Read MoreSaipem confirms new offshore drilling contracts in the Middle East and West Africa
Saipem has been awarded five new offshore drilling contracts, three in the Middle East and two in West Africa that total approximately US$800 million. The company is an advanced technological and engineering platform for the design, construction and operation of safe and sustainable infrastructures and plants. In the Middle East, two of the new contracts…
Read MoreAurex Group’s David Byrne in Reuters this week
Aurex Group’s David Byrne in Reuters this week commenting on the LNG opportunity for natural gas supply and trading talent in the US. The article highlights Golden Pass LNG, a joint venture between Qatar Energy and Exxon Mobil. Golden Pass is targeting a 2024 start-up, with a 15.6 million tonne per year facility that will compete…
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