BHP, Exxon reveal plans for floating LNG platform:
The main advantage of floating LNG is that it removes the requirement for building a permanent processing plant onshore, which can prove difficult on many levels, as the Browse project in the Kimberley has demonstrated over recent years.
Floating platforms also allow companies to exploit deepwater oil and gas fields that are far from the coast which previously would have been uneconomic to develop from land.
Given that the platform is essentially a large ship, it can be shifted to other parts of the world to exploit other oil and gas fields once it has finished its work at a particular site.
Photo Damian Kelly
ACTION OF THE DAY
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
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WOW!
ReplyDeleteBarnett is now truly a shag on a rock.
Cant wait to hear his ranting he promised during the election.
People in his own party will be telling him "let it go".
BREAKING: Exxon, BHP plan world’s largest FLNG project
ReplyDeleteTuesday, 2 April 2013
EXXONMOBIL and BHP Billiton have confirmed their intention to develop the Scarborough field off the coast of Western Australia with a floating LNG vessel, filing documents with the federal environment regulator today.
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Geothermal hit
Thursday, 28 March 2013
ORIGIN Energy has officially pulled the plug on the Innamincka joint venture with Geodynamics after a series of setbacks with operations in the Cooper Basin.
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Aussie consultants work on Japan’s world-first
Tuesday, 2 April 2013
AUSTRALIAN consulting firm AWT International has played a key role in the recent offshore methane hydrate production test conducted by Japan Oil, Gas and Metals National Corporation offshore Japan.
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Yamal LNG project signed engineering deal with France'sTechnip and Japan's JGC
Monday, 01 April 2013
French engineering company Technip and Japan's JGC Corp, have won the tender to build the Yamal LNG plant in the Russian Arctic for Novatek and France's Total.
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Natural Gas Begins to Flow From Israel's Tamar Field
JERUSALEM - Natural gas from Israel's offshore Tamar field began to flow into the country's energy grid Sunday after two years of a gas shortage. The gas will allow Israel to be energy independent for at least three decades, in addition to becoming a net exporter of gas, according to the Ministry of Energy and Water Resources.
Most of the gas from Tamar, which contains an estimated 9 trillion cubic feet of gas, will initially be used by the state-owned electric company. The electric company is currently in debt and has had to raise prices recently due to a gas shortage since a supply deal with Egypt fell apart in the wake of political regime change there. Since gas stopped coming in from Egypt in 2011, the electric company has had to rely on more expensive forms of fuel, including diesel.
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Israel to Invest in Navy to Protect Giant Natural Gas Fields
Back in 2009 Israel discovered huge natural gas reserves just off its Mediterranean coast. These reserves have been estimated to be in the region of 950 billion cubic metres, and a surge in exploration means that by the end of the year there should be 18 new platforms drilling for gas.
The growth of these fields offers a new problem to Israel. The investment going into these new platforms, and the economic importance that they are growing to represent, must be protected. The offshore platforms are ripe targets for attack, and this means that Israel’s underfunded navy has just found itself in demand.
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From the outset, as reassurance to foreign firms investing in the development of the reserves, the Israeli government has stated its intentions to protect the new gas fields.
Captain Ilan Lavi, head of the navy’s planning department, explained that “the gas fields are a strategic asset and Israel will defend them. They may not be too complicated to attack, but we are aware of the threats and are prepared for them.”
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Currently the navy is underequipped to adequately patrol the waters and protect the drill rigs.
He suggested that they will “have to build an entire new defensive envelope. But you can't have a defence system that costs more to build than the gas itself.”
The platforms are within rocket range of the Gaza Strip which is ruled by the Palestinian Islamist group Hamas; and the Shi’ite military group Hezbollah poses an even bigger threat from Lebanon. Then there are other enemies such as Iran, and various Islamist groups from Iraq.
Lavi suggests that a suitable defence system would cost $700 million to deploy, and then $100 million a year to maintain.
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THAT SHOULD KEEP WOODSIDE HAPPY!