A Barrel Fulll Archive

December 3, 2015 JX Holdings, Inc. (“JXHD”) and TonenGeneral Sekiyu K.K. (“TonenGeneral”) announce that the companies have signed a Memorandum of Understanding (the “MOU”) today regarding a business integration of their groups and have agreed on a target date of April 2017 for the business integration. The two companies plan to conduct detailed examinations of and discussions on the integration, based on mutual trust and in the spirit of equal partnership, in order to execute a definitive agreement concerning the business integration (the “Business Integration Agreement”) with a target date of August 2016.  Refineries JX Holdings, Inc. Sendai Refinery 145 Kashima Refinery (Kashima Oil., Ltd.) 253  Negishi Refinery 270  Osaka Refinery (Osaka International Refining Company Ltd.) 115  Mizushima Refinery 380 Marifu Refinery 127 Oita Refinery 136 TonenGeneral Sekiyu K.K. Kawasaki Refinery 258 Chiba Refinery 152 Sakai Refinery 156 Wakayama Refinery 132

2021-09-02 By July 5, Jiangsu LNG Receiving Terminal Expansion Project has successfully passed Provisional Acceptance for 20 days, and all personnel involved at the project site are fully engaged in finishing the punch list items so as to make sure the start-up succeed on the first try. The Expansion Project - one of the critical environmental protection projects of the Province - would have a total tank volume of 1.08 million cubic meters after completion. This could greatly increase the facility’s LNG inventory and handling capabilities and the port/coast resources utilization efficiency, further improve the clean energy supply in the Yangtze Delta Region, which would be of great significance to the optimization of the energy consumption structure, energy conservation and pollution emissions reduction in the Delta Region. With the facility’s turning into production phase upon Provisional Acceptance, natural gas would flow steadily to the Province of Jiangsu and even the whole...

06 February 2020 Elengy has just acquired Total’s shares in Fosmax LNG, the company that owns the liquefied natural gas (LNG) terminal at Fos Cavaou . Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF). The acquisition of the shares is financed mainly by an increase in Elengy’s capital reserved for the Société d’Infrastructures Gazières (SIG). The SIG now owns close to 18% of Elengy’s capital, with the balance being held by GRTgaz. For Elengy, the European leader in LNG terminals, and for its shareholders, this acquisition reflects the ambition to increase the industrial development of its sites at Fos-sur-Mer: Fos Cavaou and Fos Tonkin, at a time when LNG enjoys a new boom to support ecological transition.

22 Sep 2020 Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel AmFELS and Keppel Shipyard, clinched contracts worth approximately S$200 million combined. In the United States, Keppel AmFELS will be constructing a high-specification Trailing Suction Hopper Dredger (TSHD) for Manson Construction Co. The TSHD will be the first dredger built at Keppel AmFELS’ yard in Brownsville, Texas. When completed, the dredger will have a hopper capacity of 15,000 cubic yards and will operate primarily in the Gulf Coast and Atlantic Coast of the United States. It will be Jones Act Compliant and built to the requirements of classification society, American Bureau of Shipping (ABS). Measuring 420ft (128m) long with a breadth of 81ft (25m) and draft of 28.5ft (8m), the TSHD will be a highly automated vessel with a diesel-electric power system. Mr. John Holmes, Manson Construction Co. president, said, “We are pleased to be partnering with Keppel AmF...

2021 BW Tatiana is the first-ever Floating Storage and Regasification Unit (FSRU) deployed in El Salvador, with a capacity of 280 MMSCFD and storage capacity of 137,000 m3. The vessel will be part of the Acajutla FSRU project which is built for exclusive use by Energía del Pacífico (“EDP”), a 378MW combined–cycle generation plant in the country. The vessel is jointly owned by BW LNG and Invenergy Investment Company, bringing together a combined 100+ years of expertise in the power and shipping industries to the Project. BW LNG will provide management oversight during conversion and operation. As the smallest country in Central America, El Salvador relies heavily on imported Heavy Fuel Oil-fired generators for its dispatched power. Our Project is expected to be the lowest cost thermal generator in the country, and it aims to supply 30% of the county’s total demand and significantly reduces its energy imports from 25% to about 5% in 2023. In addition to making electrici...

December 17, 2019 The Asian Infrastructure Investment Bank (AIIB) is investing USD500 million to support China’s efforts to transition to a lower-carbon energy future. The Beijing-Tianjin-Hebei Low Carbon Energy Transition and Air Quality Improvement Project aims to increase the availability of natural gas to help reduce coal consumption and related emissions in the region surrounding China’s capital. With a population of around 112.7 million1, the Beijing-Tianjin-Hebei region is one of the most important economic engines within China. However, it has been facing the dual challenges of increasing energy demand and addressing air pollution, which directly affect the quality of life of local residents. China is endeavoring to control coal consumption as part of its commitments under the Paris Agreement to peak its carbon dioxide emissions by 2030. Reducing coal consumption will also deliver the co-benefit of improving air quality. To meet its environmental commitments and still ensure a...

 September 21, 2021 New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) and The Government of the Democratic Socialist Republic of Sri Lanka (“GOSL”) jointly announced today that they have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited (“WCP”), the owner of the 310 MW Yugadanavi Power Plant based in Colombo, along with the rights to develop a new LNG Terminal off the coast of Colombo, the capital city. As part of the transaction, New Fortress will have gas supply rights to the Kerawalapitya Power Complex, where 310 MW of power is operational today and an additional 700 MW scheduled to be built, of which 350 MW is scheduled to be operational by 2023.