LNG
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
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The metocean and tidal conditions led to the development of the jetty-less solution for the project, which Delta Offshore continues to push toward FID. -
The FEED contract is expected to be converted into an engineering, procurement, construction, and installation contract in Q1 2021.
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Companies are looking to plan smaller LNG plants, which may be COVID-proof, but the industry still faces a 100-mtpa shortfall in the mid-2020s.
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The company deferred three of four pipelines as it continues to push toward final investment decision.
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To navigate the new business environment, the P&F community must advance promising concepts through the feasibility, design optimization, and/or pilot testing phase into the detailed design, execution, commercialization, and optimization phases.
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The Cameron LNG project completed its final train this month, but other LNG projects such as Calcasieu Pass LNG, Driftwood LNG, and Lake Charles LNG face difficulties during the economic downturn.
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The LNG A-Box containment system is designed for LNG carriers to serve smaller terminals, where larger ships are not feasible.
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Repair work on the Gorgon LNG plant’s propane heat exchangers is underway. Planned maintenance on the Gorgon Train 2 was expected to end in July.
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The original technology selected in 2015 and 2016 for Rio Grande LNG has since evolved. With five trains instead of six, Rio Grande LNG will still produce 27 mtpa.
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The Mozambique LNG project expects to achieve financial close in Q3.
