Page 14 - AsianOil Week 09

AsianOil
NEWS IN BRIEF
AsianOil
world of 45%, having clinched orders for 64 out of 143 shuttle tankers placed to date.
“In order to solidify our market dominance, we will help ship owners further reduce operating expenses for ships with new smart technologis and make use of eco-friendly solutions for keeping pace with stricter regulations,” said an official of SHI.
Meanwhile, SHI set this year’s order target at $ 8.4 billion, which is 18% up from $ 7.1 billion it achieved last year.
SAMSUNG HEAVY INDUSTRIES, March 2, 2020
Wärtsilä’s experience in LNG cargo handling systems a key factor in latest order
Korea Lines’ new 18,000 cbm LNG bunkering vessel will feature Wärtsilä’s advanced cargo handling system.
The technology group Wärtsilä has been selected to supply the cargo handling system for a new 18,000 cbm LNG bunkering vessel. The ship is being built for Korea Line at Hyundai Mipo Dockyard in Korea. Wärtsilä’s extensive experience and impressive track record in delivering solutions throughout the small-scale- LNG value chain were key factors in the award of this latest contract. The order was placed in January 2020.
“This latest order cements our position as
the leading supplier of small-scale LNG cargo handling systems for the marine industry. As the adoption of LNG fuel increases among all ship types, Wärtsilä’s commitment to high quality solutions backed by years of experience becomes ever more relevant,” says Kjell Ove Ulstein, Director Sales & Marketing, Gas Solutions, Wärtsilä Marine.
“This is a complex and state-of-the-art LNG bunkering vessel, and an experienced cargo handling system integrator was required, which is why Wärtsilä was selected,” says Mr C.I. Kim, Vice President, Project Planning Division of Hyundai Mipo Dockyard.
The contract scope includes the engineering, design, procurement, and commissioning of
the overall cargo handling system, including the cargo tank design. The equipment delivery is scheduled to commence at the end of 2020, and the ship is expected to be delivered in early 2022. The contract includes an option for a second vessel.
When delivered the vessel will be chartered by Shell.
The design of Wärtsilä’s cargo handling systems is based on the extensive experience the company has accumulated in delivering such systems for LPG, LEG and LNG carriers. WÄRTSILÄ, March 3, 2020
OCEANIA
Comet Ridge, LogiCamms
combine to develop Mahalo
North pipeline solution
Comet Ridge is continuing to work with Denison Gas and the Mahalo JV on the transportation of Mahalo North gas to market1. As an additional option, Comet Ridge has now entered into an agreement
to consider an export solution via building a new pipeline, which would transport not only Comet Ridge’s 100% interest in Mahalo North but could also accommodate Comet Ridge’s 40% share of Mahalo JV gas, located immediately to the south of Mahalo North. Technical discussions around export of gas
from Mahalo North (and Mahalo) have been occurring with LogiCamms over the past weeks, and these discussions have now been formalised into a non-binding Memorandum of Understanding (MOU) so that further data is able to be shared and work can progress.
Over the coming weeks and months, it’s
the intention of both parties to examine the technical and economic aspects of a 6 to 8
inch diameter pipeline solution, for Mahalo North, that could transport Comet Ridge net gas production in the range of 20 to 50 TJ/d
to larger transmission pipelines to the south. This solution would be across a distance of approximately 65 to 70 km. In addition, this Mahalo North pipeline could also be utilised to carry Comet Ridge’s share of the Mahalo JV gas production, where Comet Ridge is the biggest equity holder in that project at 40% (along with Santos at 30% and APLNG at 30% with Origin, the upstream operator for APLNG).
Under the MOU, work will also be
carried out in order to consider, and get an understanding of, debt funding options for both the upstream portion of the project, and the pipeline portion of the project.
COMET RIDGE, February 26, 2020
Extension for acquisition of Cooper-Eromanga Licences
Oilex Ltd is pleased to announce that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper- Eromanga Basins from Senex Energy Limited and certain of its related entities (collectively “Senex”) has been extended by a further one month to 31 March 2020.
On 27 September 2019 , the Company announced that it entered into a legally binding term sheet with Senex in 27 PRLs in the Northern Oil and West Gas Fairway in the world class Cooper-Eromanga Basins in South Australia (the “Northern Fairway PRLs”), subject to satisfaction of conditions including government approvals, now extended to 31 March 2020 (Acquisition).
On 29 January 2020, the Company announced that it had signed a binding Heads of Agreement (HOA) with Doriemus, an ASX- listed company, for the proposed sale of all of Oilex’s interests in the Cooper-Eromanga Basin to Doriemus, including the PRLs (Proposed Transaction). Details of all the material terms
of the Proposed Transaction, including the conditions precedent, are detailed in the Company’s the same announcement.
Oilex now anticipates completion of the Acquisition and the Proposed Transaction by the end of March 2020.
OILEX, March 2, 2020
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Week 09 04•March•2020