Leisure & Gaming Share Discussion Threads

[waldron] 29/5/2019 06:27

APPEA 2019: BP wants to please customers with less carbon-intensive LNG
Peter MilneThe West Australian
Wednesday, 29 May 2019 6:18AM
BP vice-president for carbon management Gardiner Hill speaks at this year's APPEA conference in Brisbane.
BP vice-president for carbon management Gardiner Hill speaks at this year's APPEA conference in Brisbane.

LNG with a lower carbon footprint will be favoured by some buyers in the future says BP, which has a stake in Woodside’s proposed carbon-intensive Browse project.

BP vice-president for carbon management Gardiner Hill said just like companies such as Amazon and Microsoft committing to be entirely powered by renewable energy, LNG customers of the future would be sensitive to the carbon intensity of the gas they purchase.

Mr Hill told the APPEA conference in Brisbane this morning that the British oil major had put a lot of thought into the issue.

“We are looking at how we can have a lower carbon gas supply chain than the industry standard,” he said.　

BP owns about 17 per cent of the $US20.5 billion ($29.6 billion) Browse LNG project. Woodside plans to start front-end engineering later this year and aims to sanction it by the end of 2020.

Mr Hill said Browse was a very carbon intensive project with a high but-not-unusual level of carbon dioxide in the reservoir.

The offshore component of Browse would emit the equivalent of 4 million tonnes of CO2 a year for 50 years, with emissions peaking at 7 million tonnes a year, according to Woodside documents filed with the Federal Environment Department in November.

Most of the emissions would come from gas burnt to power two floating production vessels and pump the gas 900km to the North West Shelf’s Karratha gas plant.

Carbon dioxide making up 10 per cent the reservoir gas would be vented to the atmosphere.

Woodside chief executive Peter Coleman said yesterday that Browse’s offshore facilities would not have been subject to the controversial and now withdrawn EPA carbon emission guidelines because they were in Commonwealth waters.

The North West Shelf plant is within the jurisdiction of the EPA.

“It’s a hugely challenging development, but it’s a terrific opportunity,” Mr Hill said.

BP was closely involved in Woodside’s efforts to reduce Browse’s emissions.

“I think within the right portfolio, it probably has the right characteristics (for investment).”　

Mr Hill said oil and gas companies throughout the world were having to manage the risk of making investment decisions without knowing what carbon policy would apply in the future.

“That’s exactly the challenge of the energy transition,” he said.

“Unfortunately, today there is no carbon price. We think a carbon price is an important way to tackle climate change.

“It’s free to emit CO2 to the atmosphere. It doesn’t feel right, it shouldn’t be like that, it really needs to be a cost to change people’s behaviour.”

[waldron] 29/5/2019 06:10

Battery project planned for Darwin LNG

Oz LNG plant to be first in the world to use battery technology to reduce emissions
US supermajor ConocoPhillips is investing in battery technology to reduce carbon emissions at its liquefied natural gas plant in Australia’s Northern Territory. ConocoPhillips said the project would enable................

[grupo] 21/5/2019 06:29

Conclusion and Technical Analysis

Total S.A. is a reliable company which ought to be part of your long-term portfolio.

One important takeaway is that the company expects 25% increase in profits this year, and by 2020, it will reach $14 billion, a substantial hike from the current trailing 12-month of about $11 billion. LNG production is expected to jump by 40% in 2019 with eight new project ramp-ups or start-ups.

Total's portfolio of LNG projects is extensive and is still boosting its LNG exposure. In the conference call, the company said:

By 2020, we expect our LNG business to grow to 40 million tonnes a year or 10% of the global market. And the new iGRP segment provides us with a platform to effectively optimize profitability along the entire LNG value chain. The iGRP segment is active in many growing markets.

Finally, earlier this month, the company declared that it has entered into a binding agreement with Occidental Petroleum (OXY) to acquire Anadarko Petroleum Corporation's (APC) assets in Africa (Algeria, Ghana, Mozambique and South Africa) for a consideration of $8.8 billion.

Anadarko's African assets represent nearly 1.2 billion barrels of oil equivalent of 2P reserves, of which 70% is gas.

Technical Analysis

TOT is forming a symmetrical wedge pattern with line resistance at $57 (I recommend selling about 15% between $57 and $59 depending on oil prices) and line support at $52.25 (I recommend adding and accumulating between $52.25 and $50, which is a double-bottom potential).

[grupo] 20/5/2019 19:06

EU is growing market for US liquefied natural gas
By:
Gavin O'Toole
3 May 19

European imports of US liquefied natural gas are soaring, increasing by 272% in the nine months since an energy cooperation deal was agreed in 2018.

Nearly 30% of American LNG exports are now destined for Europe according to official data – up dramatically from just 5% in 2016.

The latest figures on this booming transatlantic trade come as energy executives gather in Brussels in a sign of strengthening EU–US energy cooperation to discuss further ways to enhance the trade in LNG.

“Energy security is one of the key success stories of our transatlantic cooperation and one where we both have a keen mutual interest,” EU commissioner for energy and climate Miguel Arias Cañete said after meeting US secretary of energy Rick Perry at the event.

“It is therefore our common objective to further deepen our energy cooperation. Natural gas will remain an important component of the EU’s energy mix in the near future as we move towards cleaner sources of energy.

“Given our heavy dependence on imports, US liquefied natural gas, if priced competitively, could play an increasing and strategic role in the EU gas supply.”

The EU gas market is the second largest in the world and European leaders see increased imports of US LNG as essential to their efforts to diversify supplies.

Gas has been identified as an important transition fuel in the EU’s efforts to decarbonise its economy, and European gas imports are projected to increase as domestic production falls.

The capacity to handle increasing imports are being expanded with the extension of a LNG terminal in Poland on the Baltic Sea coast and plans for another on the island of Krk in Croatia.

The EU is also supporting the development of LNG capacity in Greece, Spain, Ireland, Sweden and Cyprus and estimates that 23 member states will have access to the global LNG market by 2022.

With a share of 12.6% of European LNG imports in 2019 so far, the US is now Europe’s third largest supplier.

Speaking in Brussels, Perry said: “We share a history of transatlantic cooperation, through good times and bad, and together we promote our heritage of freedom.

“The strength of this relationship can particularly be seen in energy. When it comes to natural gas, we each have what the other needs to derive tremendous mutual benefit from advancing our energy relationship.”

Gavin O'Toole, expert on Latin America
Gavin O'Toole

A freelance journalist. He has written six books about Latin America and taught the politics of the region at Queen Mary, University of London.

[waldron] 14/5/2019 15:31

14/05/2019 | 3:27 p.m.

Regulatory News:

Total (Paris: FP) (LSE: TTA) (NYSE: TOT):

Liquefied natural gas (LNG) production began on the first liquefaction train of the Cameron LNG project. LNG exports will begin in the coming weeks.

"The start of LNG production marks a milestone for Cameron LNG. This beautiful achievement is the fruit of the work done by all the teams and partners of the project. Total's commitment to the Cameron LNG project and its expansion is part of our strategy to strengthen our position in the US LNG market. This start-up allows us to become an integrated player along the gas value chain in the United States, where we are already a gas producer, "said Patrick Pouyanné, Chief Executive Officer of Total.

Total has joined the Cameron LNG project through the acquisition of Engie's LNG Upstream portfolio in 2018. The first phase of Cameron LNG with a capacity of 13.5 million tonnes per year (Mtpa) includes three liquefied natural gas trains. a capacity of 4.5 Mtpa each. Trains 2 and 3 are under construction and should start in early and mid-2020 respectively.

The project is operated by Cameron LNG LLC, jointly owned by Sempra Energy (50.2%), Total (16.6%), Mitsui & Co., Ltd. (16.6%) and Mitsubishi / NYK (16.6%).

In addition, Cameron LNG shareholders are discussing a possible extension of the initial project, already authorized by the US Federal Energy Regulatory Commission (FERC), which would add two liquefaction trains with a capacity of 4.5 Mtpa each as well as two additional LNG storage tanks.

Total, the world's second largest private LNG player

Total is the second largest private global player in LNG, with a global LNG portfolio of nearly 40 Mtpa by 2020 and a global market share of 10%. With 21.8 million tonnes of LNG managed in 2018, the group enjoys strong and diversified positions throughout the LNG value chain. Through its interests in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, the United Arab Emirates, the United States, Australia, Angola and Yemen, the Group markets liquefied natural gas. all markets.

About Total

Total is a major player in the energy sector, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to a better, safer, more affordable, cleaner and more accessible energy. Present in over 130 countries, our ambition is to become the leader in responsible energy.

* * * * *

[grupo] 12/5/2019 06:39

Oil Giant Total SA Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in Africa
Buying Anadarko’s assets in Africa moves Total SA closer to natural-gas leader Royal Dutch Shell
By Neanda Salvaterra
May 11, 2019 8:00 a.m. ET

Share
Text

Total SA’s deal to buy Anadarko Petroleum Corp.’s assets in Africa cements the French oil major’s position as the world’s second-largest provider of liquefied natural gas while pushing its business deeper into dangerous parts of the world.


THE WALL STREET JOURNAL

[grupo] 07/5/2019 10:56

ENERGYVOICE

New Shell LNG terminal sees Gibraltar switch to natural gas
by David McPhee
07/05/2019, 9:24 am

Image by lutz6078 from Pixabay.
Image by lutz6078 from Pixabay.
Sign up to our Daily newsletter

The opening of a new Shell liquified natural gas (LNG) terminal in Gibraltar has seen the British overseas territory transition from diesel power.

Construction on the newly commissioned 80-megawatt (MW) gas terminal was recently completed by Shell and Gasnor, a 100% Shell-owned subsidiary.

The creation of the terminal is part of a deal agreed between Shell and Her Majesty’s Government of Gibraltar in 2016.

Gasnor will act as operator of the new LNG terminal.

Fabian Picardo, Gibraltar’s chief minister, said: “I am immensely proud that, under this government, we have made the crucial switch to cleaner power generation.

“Instead of using old technology up on the skyline of the Rock, we can now look forward to at least 20 years of clean, safe, gas-fired power generation from the port.

“This is a wonderful step-change in technology.”

Shell said LNG will be delivered to the terminal by ship twice a month and at night, minimising disruption to the neighbouring port and airport.

It will be stored in five double-walled stainless-steel tanks, each able to hold 1,000 cubic metres of LNG.

Maarten Wetselaar, integrated gas and new energies director for Shell, said: “I would like to congratulate Gibraltar on bringing its vision of a cleaner energy system to reality.

“Delivering this project is a tangible example of Shell’s strategy to provide more and cleaner energy. We believe that projects like this can offer real benefits elsewhere in the world.”

[ariane] 29/4/2019 10:58

BP Shipping adds six new LNG vessels

Published by Will Owen, Assistant Editor
LNG Industry, Monday, 29 April 2019 10:00

BP Shipping has added six new state-of-the-art LNG vessels to its fleet. This marks the culmination of its latest 4.6 – 5 million hour, US$1.3 billion ship building project.

The six vessels have been named: British Partner, British Achiever, British Contributor, British Listener, British Mentor and British Sponsor.

Each ship can carry a cargo of LNG equivalent in volume to 69 Olympic sized swimming pools, and emit 20% less CO2 emissions when compared to industry benchmarks.

[la forge] 16/4/2019 11:31

GTT receives LNG fuel tank order from Hudong-Zhonghua

Published by Will Owen, Assistant Editor
LNG Industry, Tuesday, 16 April 2019 10:30

GTT has received an order notification from Chinese shipyard Hudong-Zhonghua Shipbuilding, for the design of the LNG fuel tank which forms part of the full retrofit of MV SAJIR, an Ultra Large Container Vessel (ULCV) with a capacity of 15 000 TEU, on behalf of the ship-owner Hapag Lloyd.

The retrofit project of the vessel has been carried out with the Hamburg based ship designer Technolog, the maritime solution provider MAN Energy Solution and its subsidiary MAN Cryo.

The design of the project is based on the use of an exoskeleton-type structure which obtained a GASA by DNV-GL in 2017. The structure, pre-equipped with GTT’s Mark III cryogenic containment system, will be installed and integrated into a cargo bay of the current vessel.

By using the ship’s structure as a support, this exoskeleton solution reduces the weight of the tank and shortens the retrofit time of the ship. This 6500 m3 LNG tank will offer more efficient space utilisation for fuel storage. The completion of the ship’s retrofit is planned during the first semester of 2020.

Philippe Berterottière, Chairman and CEO of GTT commented: “We are very proud to take part in this project with the Mark III membrane containment system. It will be the first ever retrofit of this kind for the use of LNG as a marine fuel. GTT is pleased to answer its client’s requirement with tailor made solutions in a challenging environment.”

[waldron] 09/4/2019 07:34

9/04/2019 | 8:18
Total and its partners announce that they have signed the gas agreement with Papua New Guinea, defining the fiscal framework for the Papua LNG project and allowing them to launch the engineering studies that will lead to a final investment decision in 2020.

The Papua LNG project with a capacity of 5.4 million tonnes per year (Mtpa)
will include two liquefaction trains of 2.7 Mtpa each and will exploit gas resources of more than one billion barrels of oil equivalent.

Gas production will be carried out by the French energy giant, while the LNG plant will be developed at the PNG LNG project site, operated by its partner ExxonMobil, via an extension of the existing Deposit Bay facilities.