Cheniere completes commissioning of Corpus Christi LNG Project train 2

first_img Cheniere Energy takes delivery from Bechtel of the Train 2 at the Corpus Christi LNG Project (Credit: Bechtel. Cheniere Energy and Bechtel said that they has achieved substantial completion of the second train of the former’s $15bn (£12.26bn) Corpus Christi Liquefaction Project (Corpus Christi LNG Project) in Texas.Commissioning of train 2 of the LNG export terminal in Corpus Christi has been completed, said Cheniere Energy. It follows the delivery of the first commissioning cargo from the LNG project in July.The company expects to deliver the first commercial cargo from train 2 of the LNG terminal in May 2020 to Électricité de France, Iberdrola, Naturgy Energy Group, Pertamina (Persero), and Woodside Energy Trading Singapore under previously signed sale and purchase agreements (SPAs).Cheniere Energy, in a statement, said: “With the achievement of Substantial Completion, financial results of LNG sales from Train 2 going forward will be reflected in the statement of operations of Cheniere and its applicable affiliates.”Details of the Corpus Christi LNG ProjectTo be built in three stages, the Corpus Christi LNG Project will have a total capacity of 23mtpa. The first two trains comprise stage 1 of the LNG export terminal, the third train will mark the second stage, while a maximum of seven midscale liquefaction trains will be developed adjacent to the three main trains under the third stage.The first train of the LNG project entered into service in March 2019.Each of the three main liquefaction trains has a production capacity of nearly 4.5mtpa of LNG while the trains in the third stage of the Corpus Christi LNG Project will have a capacity of nearly 9.5mtpa.Bechtel holds the design, construction and commissioning contract for the three main LNG trains of the Corpus Christi LNG Project, which are all based on the ConocoPhillips Optimized Cascade process. The company is also having a contract for Cheniere Energy’s other LNG project on the US Gulf Coast, which is the six-train Sabine Pass Liquefaction Project in Louisiana.Cheniere Energy and Bechtel have achieved substantial completion on a total of seven liquefaction trains at the two liquefaction projects.In June 2019, Cheniere Energy took a positive final investment decision (FID) on the installation of a sixth liquefaction train at the Sabine Pass Liquefaction Project. In this connection, the company issued a full notice to proceed with construction on the sixth train to Bechtel Oil, Gas and Chemicals.Bechtel LNG general manager Darren Mort said: “These projects are improving access to energy for communities around the world and we are extremely proud to be able to support our customer’s operational and performance success on these projects.” To be built in three stages, the Corpus Christi LNG Project in Texas will have a total capacity of 23mtpa from three main trains and up to seven midscale liquefaction trainslast_img read more

Vår Energi teams up with Capgemini

first_imgCapgemini was selected after a competitive tender process because of its end-to-end digital capabilities, strong local presence, and oil & gas capabilities Image: Vår Energi teams up with Capgemini. Photo: Courtesy of Fondo Paolo Monti/Wikipedia. Vår Energi signs partnership agreement with Capgemini to accelerate digital transformation.Under the agreement, Capgemini will support Vår Energi’s Digital transformation program, including delivery of digital services, to enable Vår Energi to benefit from the full digital potential.– We are accelerating our digital transformation and are excited to join forces with a global recognized expert on digitalization. Our digital journey has started and we look forward to continue this journey together with Capgemini. Together we will create new opportunities and enable new ways of working through people, process and technology, says VP Integration & Improvement in Vår Energi, Astrid Huglen.Capgemini was selected after a competitive tender process because of its end-to-end digital capabilities, proven track record in digital transformation at scale, strong local presence, oil & gas capabilities and ecosystem of technology partners. Source: Company Press Releaselast_img read more

Touchstone confirms gas discovery onshore Trinidad and Tobago

first_imgThe first stage of well testing produced a total of 28.6 million cubic feet of gas (4,770 barrels of oil equivalent) and 680 barrels of natural gas liquids Touchstone has announced significant oil discovery at Cascadura. (Credit: Pixabay/skeeze) Touchstone Exploration has confirmed significant liquids-rich gas discovery following the flowback testing of the first stage of the Cascadura-1ST1 exploratory well in the onshore Ortoire exploration block in Trinidad and Tobago.Touchstone is the operator of the exploratory well and owns 80% working interest while Heritage Petroleum owns the remaining 20% working interest.Results of the Cascadura-1ST1 exploratory wellTouchstone stated that the average flowback rate for the well during the final 14-hour test period was 5,180 barrels of oil equivalent per day (boed). This included 26.9 million cubic feet per day (MMcf/d) of natural gas and 694 barrels per day (bpd) of natural gas liquids.Cascadura’s peak flowback rate came in at 5,736 boed, including 30.2 MMcf/d of natural gas and 710 bpd of natural gas liquids.The first stage of well testing produced a total of 28.6 million cubic feet of gas ((4,770 barrels of oil equivalent) and 680 barrels of natural gas liquids.Touchstone stated that the field analysis indicated liquids rich gas with no hydrogen sulfide and no produced water.The well is anticipated to be shut-in for a two-week pressure build-up test, following which the company expects completing and testing an additional 450 feet of identified pay.Touchstone president and CEO Paul Baay said: “The Cascadura production test results represent a dramatic change for Touchstone, as it confirms the monumental resource potential of the Ortoire exploration block following the earlier success of our Coho-1 well.“Furthermore, the test results are only attributable to the lower most portion of the well, and with 450 feet of contiguous sand to be tested, the full potential of the structure is yet to be defined.“To put these results in context, our average daily oil production for the three months ended September 30, 2019 was 1,729 bbls/d.“The modelling from the final test results at Coho-1 supports initial gross production rates between 10 to 12 MMcf/d per day (approximately 1,667 to 2,000 boe/d) with Cascadura now set to provide a further step change.”Last December, Touchstone Exploration made a crude oil discovery following the drilling of the Cascadura-1ST1 exploratory well in the onshore Ortoire exploration block in Trinidad and Tobago.last_img read more

Solstad announces contract award in Australia

first_imgThe vessels will work with the semi-submersible drilling rig ‘Ocean Apex’ throughout the one well campaign Contract award in Australia. (Credit: Solstad Offshore ASA) Solstad Offshore ASA (Solstad) is pleased to announce that the AHTS’s Normand Saracen and Far Senator, along with the PSV Normand Leader, have been awarded a contract with BP Developments Australia Pty Ltd (BP) to support BP’s Ironbark Campaign in the Carnarvon Basin offshore Western Australia.The vessels will be working with the semi-submersible drilling rig ‘Ocean Apex’ throughout the one well campaign, estimated at approximately 90 days duration. Commencement of the contract will take place during Q4 2020, and the vessels will operate from Dampier.This represents BP’s first drilling campaign in Australia for several years and Solstad are pleased to be the vessel partner of choice to support BP’s activities. Source: Company Press Releaselast_img read more

BP begins gas production from third stage of $9bn WND development in Egypt

first_img An onshore gas processing facility associated with the Raven field, the third stage of the WND development. (Credit: bp p.l.c.) BP has commenced production of gas from Raven field, the third stage of its $9bn West Nile Delta development (WND development) in the Mediterranean Sea off the coast of Egypt.Under the WND development, the company has been developing five gas fields, which span the North Alexandria and West Mediterranean Deepwater concession blocks.BP, which has an operating stake of 82.75% in the offshore project, is partnered by Wintershall Dea (17.25%).Currently, the Raven field is producing nearly 600 million standard cubic feet of gas per day (mmscf/d). At its peak, the offshore field can potentially produce 900mmscf/d along with 30,000 barrels per day of condensate.BP chief executive Bernard Looney said: “Completing this major multi-stage development in the face of many challenges is testament to bp’s long-term commitment to Egypt and our excellent working relationships with partners and the Government.“West Nile Delta will make an important contribution to meeting Egypt’s growing energy needs, by providing a cost-competitive and resilient gas supply from the country’s own resources.”Production at Raven follows the start of gas production from the second stage of the WND project in early 2019 through the Giza and Fayoum fields.The first stage of the project, which involved the development of the Taurus and Libra fields, was commissioned in 2017.The onshore facilities for the WND development, which includes the new Raven facility, have a total gas processing capacity of nearly 1.4 billion standard cubic feet of gas per day (bcf/d).Overall, the WND development has 25 wells that produce gas which is transported to the onshore processing plants via three long-distance subsea tie-backs.BP North Africa regional president Karim Alaa said: “The safe start-up of Raven in an extremely difficult period would not have been possible without commitment and close co-operation from the team.“Working together with the Ministry of Petroleum and our partners we can now explore the potential use of the West Nile Delta facilities for developing future infill and nearby exploration opportunities.” The Raven field is currently producing nearly 600mmscf/d last_img read more

Lomond Capital acquires agency

first_imgLomond Capital has continued to expand with the acquisition of John Shepherd estate agents in Birmingham taking its portfolio in the city to in excess of £250 million.The Edinburgh-based firm will now merge John Shepherd estate agency with Birmingham-based Marwood Homes and John Shepherd Lettings, which are also owned by Lomond Capital.The company forecast that the enlarged business will now manage more than £250 million worth of properties for private landlords and sell in excess of £200 million worth of property annually.Stuart Pender (left), Chief Executive of Lomond Capital, said, “The merger of John Shepherd Estate Agents with our existing businesses allows us to create a full service proposition for our clients under the leading estate agents brand in the region.”Lomond Capital, which currently has businesses in Aberdeen, Birmingham, Edinburgh and Manchester, is now seeking to make further acquisitions across both lettings and estate agents in Birmingham as well as part parts of the UK. The company is currently in negotiations with estate agents and lettings businesses in Bristol, Brighton, Reading, Oxford and Cardiff.“This is the first in a number of larger acquisitions planned in the south of England,” Pender added. “Our aim is to build a full service of property management businesses in key UK markets that offer private and institutional investors a scale model with a range of offerings from lettings to maintenance, financial products and investment and block management.”The announcement of the John Shepherd acquisition coincides with the appointment of a new Chief Financial Officer and Partner. Hazel McIntyre (right) joins the Lomond group at the start of April having spent periods of her career with RBS, Green Highland Renewables and Giles Insurance.Pender added, “Hazel has significant experience in both seeing through acquisitions and managing growth in  a rapidly expanding group, with profit increasing in Giles Insurance from £8 million to £24 million during her five-year period as Mergers and Acquisitions Director.”merger Lomond Capital acquires John Sheperd Lomond Capital John Shepherd acquisition February 4, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Agencies & People » Lomond Capital acquires agency previous nextAgencies & PeopleLomond Capital acquires agencyThe Edinburgh-based group has snapped up John Shepherd Estate Agents in Birmingham.The Negotiator4th February 20160818 Viewslast_img read more

NAEA rebuffs calls to halt election for Vice President

first_imgAn attempt to halt the voting process for the post of Vice President of the National Association of Estate Agents (NAEA) has been turned down by Chief Executive Mark Hayward in an email sent to SW-based agent Chris Wood yesterday.In it Mark confirms that he and the NAEA Propertymark board had been made aware of Chris’s request to halt the election process, and that they were also aware of the new processes in place to elect the Vice President, and other posts.The email also says Mark and the board were aware of Chris’s concerns about the process but were “completely satisfied that the process was correct and robust [and that] therefore the election will go forward in the normal manner.Final responseMark also said it would be the NAEA’s final response with Chris prior to the AGM on June 16.On Wednesday Chris had previously written to Mark asking him to confirm whether due processes was adhered to and suggesting that the NAEA appeared to “be playing for time” and wanted to “obfuscate due process”.Chris Wood was one of several agents proposed for the Vice President role but, following a panel interview, not proposed as a candidate to be considered by the membership via a vote.UnconstitutionalHe told The Negotiator that he believed the current election process to be “unconstitutional and will be vigorously challenged”.Voting opened on 29th May and is due to close on 14th June for the post, which is to be vacated by current VP Mark Bentley.Chris Wood led a charge two weeks ago to question plans put forward by NAEA executive chairman Mark Hamer in a special resolution to be voted on at the next AGM. These include a smaller board and the exclusion of NAEA and ARLA presidents from board meetings from next year onwards.National Association of Estate Agents Mark Hayward NAEA propertymark chris Wood June 2, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Associations & Bodies » NAEA rebuffs calls to halt election for Vice President previous nextAssociations & BodiesNAEA rebuffs calls to halt election for Vice PresidentAttempt by Chris Wood and others fails after Mark Hayward says he and board are “completely satisfied” with process.Nigel Lewis2nd June 20170689 Viewslast_img read more

Thames-side development for young families

first_imgBallymore & Oxley has released its latest new homes at Royal Wharf, a riverside neighbourhood in London’s Royal Docks. The launch includes two, three and four bedroom duplex apartments, located in the mansion style Compass House building along with apartments in the popular Latitude Building which overlook the River Thames.The new homes include a duplex four bedroom show apartment, interior designed by Milc Style, in Endeavour House, one of the development’s completed buildings. This follows the completion of the first of Royal Wharf’s residential units last year and the arrival of the development’s first residents; completed homes include suites, one, two and three bedroom apartments as well as three and four bedroom townhouses.All units now released for sale are due for completion this year, with some homes ready for occupation by the end of the summer.The new homes are expected to appeal to young families looking for more space whilst still enjoying London life and proximity to the capital’s leisure and work opportunities, the release includes units up to 2,416sq ft in size and are predominately duplex units which work well for family life.London riverside development Riverside development in Royal Docks Royal Wharf development Thames-side development 2017-08-21The Negotiator Related articles Calls for ‘green belt’ to be explained to public29th April 2021 Young entrepreneur launches UK’s first ‘modern’ land buying and selling portal15th April 2021 Retail and pub re-openings sparked newbuild sales homes surge yesterday13th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed. Home » News » Land & New Homes » Thames-side development for young families Thames-side development for young families21st August 20170462 Viewslast_img read more

Countrywide’s next Open House set to be largest yet

first_imgHome » News » Agencies & People » Countrywide’s next Open House set to be largest yet previous nextAgencies & PeopleCountrywide’s next Open House set to be largest yetUK’s biggest agency group flexes its muscles once more to create UK’s largest ‘open house’ marketing event.Nigel Lewis12th September 201701,970 Views Countrywide has kicked off its latest national open house event which, despite recent branch closures and operational streamlining, is set to be the biggest yet.This will be the 15th time the company has run the event since launching it in 2010, the most recent one being in March earlier this year, and before that last September.“We can’t tell for sure how many vendors and tenants will sign up to include their properties within us until the last moment, but it’s shaping up to be big this year,” a spokesperson told The Negotiator.“The good thing about this event is that it takes places across a vast range of properties – owners of million pound mansions throw their doors open for our Open House as well as homes from the rest of the market.”During the most recent Autumn event 29,000 viewings took place at 6,000 properties available to buy or let over the weekend of 25th-26th September. This means on average nearly five people attended each open house.During the inaugural Open House, during December 2009, Countrywide’s brands booked 27,000 viewings across 11,000 properties.This Autumn’s Big Open House is taking place on the weekend of 30th September-1st October and, a company spokesperson said, the company was preparing for it be the biggest to date.Countrywide says the event requires vendors and landlords to register their properties to be included in the list of open houses taking part, which are listed on the company’s Propertywide website.Big Open HouseAll the company’s 50+ agent brands taken part in the event, although it is up to individual branches whether they participate. Also, vendors and landlords can choose whether their open house is supported with staff from the nearest participating branch.Claims made for the event in the past include that it helps sell properties faster than the national average of 66 days, that in some instances it prompts multiple offers for the same property.“It takes a national average of 11 days to receive a first offer on a property and the Open House Event is a great way to speed up the process by having potentially multiple viewings in a short period of time,” a Hamptons branch manager in Brighton recently told the local paper.“All of our estate agents, covering our brands across the UK, are on hand before, during and after the course of the weekend to arrange viewings and give our customers the best opportunity to sell and buy their dream home.” big open house event Countrywide September 12, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

‘Airbnb doesn’t care about illegal sub-letting’ claims leading agent

first_img A leading lettings agent has criticised Airbnb for its refusal to take action over illegal sub-letting after his staff discovered one of the apartments it manages was being offered on the short-lets platform.The comments are to be made by Kristjan Byfield, the founder of London firm Base Property, during a programme being broadcast tonight on the BBC at 7.30pm.The show will reveal how Base Property staff turned up early to a routine inspection to find the tenants checking in a family to the property.After looking on Airbnb, staff at Base Property discovered over 70 reviews for the apartment, the timings of which suggested the tenants had been sub-letting it out since the beginning of their 22-month AST.The tenants were contacted and told to either cease their sub-letting and move into the property or face an early termination bill of £4,295.They agreed to cancel all bookings and remove a key safe box, but neighbours reported continuing short-lets comings and goings and Base later discovered that it was being sub-let to a Russian family.“One thing I found extremely disappointing was Airbnb’s refusal to take any action whatsoever,” says Byfield.“When we contacted them and provided evidence that the “hosts” were not the legal owners of the property and were in breach of the landlord’s mortgage and buildings insurance terms, local licensing laws, and both short-term let and HMO licensing, their response was take it up with the tenants.”Base Property eventually called on the services of Paul Shamplina’s Landlord Action who, via a Section 8 notice, evicted the errant tenants.“Unfortunately, unauthorised use for short lets is a growing problem, as Westminster Planning Enforcement team will discuss on the show, and councils are struggling to cope with the volume of cases,” says Shamplina (left).Please note: Inside Out is a regional program. If you are outside of London, watch it on Freesat 950 or Sky 954.Base Property krystjan byfield airbnb October 28, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » ‘Airbnb doesn’t care about illegal sub-letting’ claims leading agent previous nextAgencies & People‘Airbnb doesn’t care about illegal sub-letting’ claims leading agentBase Property boss Kristjan Byfield says he’s ‘extremely disappointed’ by response of Airbnb after he told the company about illegal subletting on its platform.Nigel Lewis28th October 201901,024 Viewslast_img read more