Included page "clone:killajoules" does not exist (create it now)

MRPL Completes Phase III expansion and up gradation project
The Phase III expansion and upgrade of the Mangalore Refinery has been completed with the commissioning of the Petro Fluid Catalytic Cracking (PFCC) Unit

date.png17 Nov 2014 10:16 | comments.png 0 Comments | tags.png asia india mrpl refinery [ More ]

Start of Construction of Soma LNG Terminal
Japan Petroleum Exploration Co., Ltd. (hereafter, “JAPEX”) today started the construction of an LNG terminal in Shinchi Town, Fukushima Prefecture (Soma Port). JAPEX is also preparing to construct a connecting pipeline to convey vaporized LNG gas from the terminal to its main trunk pipeline.

JAPEX is supplying natural gas produced domestically in Niigata, Yamagata and Akita prefectures, as well as vaporized LNG gas received from overseas, to users in the production areas and to those in other areas through its pipeline network, which includes the Niigata-Sendai Pipeline and Shiroishi-Koriyama Pipeline. JAPEX is also supplying LNG in liquid form to users through LNG satellite stations utilizing freight containers and tank trucks.

JAPEX regards it as its social mission to supply natural gas at a competitive price stably over a long term to respond to an expected increase in natural gas demand in areas including the Tohoku region along the Pacific Ocean including Fukushima, Miyagi and Iwate. Therefore, JAPEX will proceed with the construction of the Soma LNG receiving terminal that will store and vaporize LNG to be offloaded from large ocean-going LNG tankers docked at Soma Port, and the construction of the new 40km pipeline to convey vaporized LNG gas from the terminal to JAPEX’s Niigata-Sendai Pipeline (connecting at the Iwanuma Valve Station in Iwanuma City, Miyagi Prefecture), which is considered JAPEX’s main artery. The completion of the new terminal and pipeline will represent the establishment of a robust energy network that is superior in terms of the ability to ensure stable natural gas supply as well as security in emergencies.

JAPEX has acquired a 10% interest in a natural gas development and production project in British Columbia, Canada, and a 10% interest in the Canada Pacific NorthWest LNG Project, in which natural gas is transported to the Port of Prince Rupert on the western coast of Canada through pipeline and is liquefied and exported as LNG, including the right to offtake 10% of the LNG. The project partners are working toward beginning operation at the liquefaction plant by the end of 2018. Under this project, JAPEX will offtake 10% (1.2 million tons) of the LNG at the plant (about 12 million tons per annum) and use it as one of the LNG sources to be received at the Soma LNG receiving terminal, which will be put into operation in March 2018. JAPEX will thus enhance its integrated operation of the natural gas supply business.

JAPEX will look to further strengthen its natural gas business as one of core profit businesses by steadily promoting an integrated operation and supply system (“gas integration”) that unfailingly supplies consumers with natural gas and LNG produced from gas fields in Japan and abroad through pipelines and LNG import terminals.

Chronology of past events and future schedule

  • November 27, 2013: Final investment decision on construction of Soma LNG Terminal and Connecting Pipeline
  • November 13, 2014: Groundbreaking ceremony for Soma LNG terminal
  • 2017: Scheduled completion of Soma LNG Terminal
  • 2018: Scheduled start of operation of Soma LNG terminal

Overview of Soma LNG Terminal

  • Name: Soma LNG Terminal
  • Construction site: Shinchi Town, Fukushima Prefecture (No. 4 port area in Soma Port) Site area: approximately 20ha
  • Main facilities: One above-ground LNG tank (230,000kl LNG: a future expansion is possible), Large ocean-going LNG tankers receiving berth, LNG domestic vessel shipping and receiving berth (a future expansion is possible), two LNG vaporizers (a future expansion is possible), gas heat capacity value control facilities for vaporized gas, LNG tank truck loading facilities, other facilities
  • Investment amount: Approximately 60 billion yen (including the investment amount for the connecting pipeline)
  • Applicable Law: Gas Business Act
date.png17 Nov 2014 09:52 | comments.png 0 Comments | tags.png asia japan japex lng [ More ]

Petronas To Acquire Phillips 66 Interest In Malaysian Refining Company
PETRONAS today announced it has reached an agreement with Phillips 66 Asia Ltd, a subsidiary of Phillips 66 (NYSE: PSX), to acquire its 47 percent interest in Malaysian Refining Company Sdn Bhd (“MRC”), which will result in PETRONAS wholly owning MRC.

PETRONAS’ Datuk Wan Zulkiflee Wan Ariffin, Chief Operating Officer and Executive Vice President & CEO Downstream, said, “Our acquisition of Phillips 66’s interest in MRC will enable us to realise greater synergy between our refineries in Melaka and it will also strengthen our presence in the refining and trading businesses.”

He added PETRONAS has an excellent working relationship with Phillips 66 over the years that is expected to continue.

"Phillips 66 is pleased with the agreement to sell its share of Malaysian Refining Company to PETRONAS,” said Larry Ziemba, executive vice president of Refining for Phillips 66. "This divestiture allows us to redeploy resources to more strategic areas of our business. PETRONAS has been a strong partner over the years and we value our relationship.”

Under the terms of the agreement, PETRONAS will pay USD 635 million in cash with adjustment at completion. Both parties anticipate the transaction to be completed on 31 December 2014.

MRC was commissioned in 1998 and has a refining capacity of 170,000 barrels per day. The refinery is located in Melaka, Malaysia.

date.png13 Nov 2014 12:31 | comments.png 0 Comments | tags.png asia malaysia petronas phillips66 refinery [ More ]

Rosneft and CNPC Endorse Feasibility Study for Construction of the Tianjin Refinery
The Board of Directors of the PetroChina-Rosneft Orient Petrochemical (Tianjin) Company Ltd (a joint venture of Rosneft and the Chinese National Petroleum Corporation (CNPC)) endorsed the Feasibility Study (FS) for the project to construct the Tianjin refinery as regards the oil refining package at a meeting in Beijing.

date.png11 Nov 2014 13:15 | comments.png 0 Comments | tags.png asia china cnpc refinery rosneft [ More ]

Chevron Announces First Gas from Bangladesh Bibiyana Expansion Project
Chevron Corporation (NYSE:CVX) today announced that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country.

date.png29 Oct 2014 17:23 | comments.png 0 Comments | tags.png asia bangladesh chevron upstream [ More ]

Eni: significant gas finding Offshore Indonesia
Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where Eni is operator with a 100% stake. The Block is located in the offshore East Kalimantan (Borneo), 170 kilometres south of the Bontang LNG Plant and 35 kilometres from the offshore Jangkrik field, also operated by Eni.

date.png29 Oct 2014 16:49 | comments.png 0 Comments | tags.png asia eni indonesia upstream [ More ]

Technip and Fluor awarded RAPID UIO project in Malaysia
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites (UIO) scope of work.

date.png27 Oct 2014 09:29 | comments.png 0 Comments | tags.png asia engineering fluor malaysia petronas refinery technip [ More ]

Last LNG Cargo Shipped From Arun
On Wednesday, 15 October 2014, PT. Arun NGL shipped LNG cargo to Korea Gas Corporation (Kogas). It was the last shipment of LNG from the project that has become the pioneer in the global LNG development.

date.png27 Oct 2014 09:01 | comments.png 0 Comments | tags.png asia indonesia lng pertamina top [ More ]

McDermott Awarded Second Contract for PETRONAS Bukit Tua Development in East Java, Indonesia
McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries was awarded a transportation, installation and pre-commissioning contract by PC Ketapang II Ltd, a subsidiary of PETRONAS, for the Bukit Tua Development Project in the Ketapang block of East Java, Indonesia. The contract will be included in McDermott’s fourth quarter backlog.

date.png23 Oct 2014 05:57 | comments.png 0 Comments | tags.png asia indonesia mcdermott petronas services [ More ]

Deepocean Completes Works In China On Liwan 3-1 Project
DeepOcean UK, a subsidiary of DeepOcean Group Holding BV, is pleased to announce the completion of substantial works in China on the Liwan 3-1 Project.

date.png15 Oct 2014 19:49 | comments.png 0 Comments | tags.png asia china cnooc deepocean services [ More ]
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License