Page 13 - LatAmOil Week 21 2021

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are already being adopted by the company
and that will be expanded with RefTOP are
the Digital Twins - digital representations
of the operational facilities - for real-time
monitoring, failure reduction, and easier
decision-making. Another important driver of
the program is the increase in the production
of high value-added oil products, such as
diesel and propylene - raw material for the
petrochemical industry for the production of
packaging and automotive parts, for example.
The company will leverage the processing
of pre-salt oils, which have low sulphur
content, bringing competitive advantages and
opportunities to increase the refining margin,
favouring the production of S-10 diesel and
bunker.
The investments in RefTOP until 2025
are approximately US$ 300 million and are
included in the US$ 3.7bn of investments
foreseen for refining in the Strategic Plan
2021-25.
RefTOP, together with the Gas + Program
and BioRefining 2030, will prepare the
company’s refining and natural gas activities
for an open and competitive market, in
transition to a low-carbon economy, as a 4% CAGR. This should allow for improved undertaken by SBM for ExxonMobil’s Liza
envisioned in the Strategic Plan 2021-25. earnings from our carrier portfolio and create field in Guyana. MUFG is acting as Technical
PETROBRAS, May 24, 2021 a supportive backdrop for this as a stand- Bank on behalf of a group of Lenders for the
alone business. financing facility.
Golar LNG: Interim results strengthening, increasing the attractiveness includes the initial technical due diligence on
Current and forward energy prices are also
Crondall Energy’s scope of services
for the period ended March of LNG upstream investments and our the project as well as an ongoing monitoring
FLNG technology. We continue to pursue
role through the EPCI project development
31, 2021 FLNG growth projects including both tolling phase. The scope covers all aspects of the
arrangements and opportunities to develop
facility including project management,
The first quarter and subsequent months hydrocarbon exposure through ownership of process engineering, marine engineering and
have been positive and eventful for Golar. gas molecules suitable for production by our a review of the project contracting framework.
With the announcement of the sale of Golar FLNG technology. The Liza Unity uses a standardized MPF hull
LNG Partners LP (GMLP) and Hygo Energy Finally, we are pleased to have appointed developed by SBM and fabricated in China
Transition to New Fortress Energy (NFE) on Mr. Karl Fredrik Staubo as CEO and Mr. with topsides modules and integration being
January 13, and closing of the transactions on Eduardo Maranhao as CFO. With their carried out in Singapore. Overall project
April 15, Golar has made significant progress GMLP and Hygo backgrounds both have management is by SBM.
simplifying its business, crystalising the value been intimately involved with the business Anna-Louise Peters, Managing Director
of its asset portfolio, and strengthening its for some time and will be familiar faces to of Crondall Energy’s consultancy business
balance sheet. Golar stakeholders, allowing for a seamless said that the ongoing work in support of
We are encouraged by the strength of transition. Lenders and financiers on a number of FPSO
shipping rates during what is normally a GOLAR LNG, May 20, 2021 developments reflects Crondall Energy’s
seasonally weak period, with TFDE1 spot deep knowledge and understanding of these
rates currently around $70,000 per day. complex projects, as well as its ability to assist
The negative impact of potential EEXI SERVICES Lenders in managing the development phase
regulations on the viability of up to 254 and addressing the risks inherent in offshore
steam turbine carriers relative to a global Technical consultant role projects. “We continue to be grateful for
on-the-water fleet of 597 vessels and a 130 the trust placed in Crondall’s team by both
vessel orderbook means that Golar’s longer on Liza Unity FPSO awarded MUFG and SBM in appointing Crondall on
term view of the shipping business has also this important project”. Anna-Louise noted
materially improved. The few shipyards to Crondall Energy that Crondall Energy also acted on behalf of
capable of building LNG carriers are filling Lenders for the Liza Destiny FPSO project
with container newbuild orders and we do not Crondall Energy Consultants is pleased completed at the end of 2019.
see potential for significant new LNG carrier to be supporting MUFG Bank as Lenders’ CRONDALL ENERGY CONSULTANTS, May 25,
orders before 2024. Over the same timeframe Technical Consultant for the Liza Unity FPSO 2021
LNG trade is expected to continue to grow by project financing. The EPCI project is being

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