Page 16 - GLNG Week 35

GLNG NEWS IN BRIEF GLNG

AMERICAS Capital, BTIG, Citigroup and UBS Securities said: “We are honored to play a key part
are acting as bookrunners for the proposed in this important and large-scale energy
Hygo Energy Transition files offering. infrastructure project in Vietnam. This award
demonstrates the trust DOE and its partners
GOLAR LNG, August 31, 2020
registration statement for have in our Jetty-Less LNG technology.
“We have been co-operating closely with
initial public offering ASIA DOE on this groundbreaking project for
more than two years which has been an
Golar LNG announced today that Hygo Stena and Delta Offshore extraordinarily interesting and inspiring
Energy Transition, formerly known as journey.
Golar Power, a joint venture between Golar Energy announce TLA “At Stena we offer innovative solutions
LNG and investment vehicles affiliated with across the LNG value chain. Our Jetty-
Stonepeak Infrastructure Partners, has filed for Vietnam energy Less LNG technology is complemented
a registration statement on Form F-1 with by considerable LNG competence and
the US Securities and Exchange Commission infrastructure project experience in new-building project support,
(“SEC”) related to a proposed initial public ship management and marine engineering.”
offering of Hygo’s common shares. Hygo Stena Power & LNG Solutions today Bobby Quintos, Managing Director -
intends to apply to list the common shares on announced it has agreed to a technology Engineering, Delta Offshore Energy added:
the Nasdaq Global Select Market under the licence agreement with Delta Offshore Energy “The metocean and tidal conditions in Bac
ticker symbol “HYGO”. (DOE) to grant utilisation of its proprietary Lieu are very challenging from a traditional
Hygo was formed to develop, own and Jetty-Less LNG receiving and regas FSRU deployment perspective, so we had to
operate integrated LNG-based transportation, technology for the offshore LNG to power collaborate with Stena to think of ‘out of the
downstream solutions and associated terminal project located in the Bac Lieu Province in box solutions’ in order to make this work, thus
and power generation infrastructure. Hygo Southern Vietnam. the development of the Jetty-Less solution for
provides these integrated downstream DOE will employ Stena’s floating Jetty-Less our project. The additional benefits of a lower
LNG solutions to underserved markets by Autonomous Transfer System (ATS) and Self- CAPEX and modular design also fits nicely to
delivering low cost, environmentally sound installing Regas Platform (SRP) solutions to the DOE model of innovation and efficiency
energy alternatives to consumers around the provide energy to the 3200MW power plant in our LNG to Power Solutions. We are very
world. project located at Bac Lieu province in the pleased to work with Stena to usher in the
Morgan Stanley & Co. and Goldman Sachs Mekong Delta. next technological evolution in offshore LNG
& Co. are acting as the lead bookrunning Svein Hellesmark, Chief Technology re-gas terminals.”
managers for the proposed offering. Barclays Officer, Stena Power & LNG Solutions, STENA POWER & LNG SOLUTIONS, September
02, 20202

AUSTRAL ASIA
Chevron continues repairs

on Gorgon LNG Train 2

Chevron Australia today advised additional
time would be taken to complete repairs of
propane heat exchangers on LNG Train 2 at
the Gorgon plant site on Barrow Island off the
northwest coast of Western Australia.
Chevron expects the repairs to the heat
exchangers, where weld quality issues were
discovered during scheduled maintenance
in July 2020, to be complete and to restart
production at Train 2 next month.
Following our ongoing technical work, we
are further refining our approach and have
decided some welds in targeted areas will
require additional work.
We have discussed our plans with the
regulator and will maintain alignment on
its requirements for inspections and repairs
on the Gorgon heat exchangers and the
sequencing of work on Gorgon Trains 1 and 3.
Insights gained from the Train 2 repairs
will contribute to more efficient inspections

P16 www. NEWSBASE .com Week 35 04•September•2020