Chevron start production at AU$44bn Wheatstone LNG project
The Wheatstone liquefied natural gas (LNG) project, situated on the western Australian mainland, has begun production.
Chevron, the largest investor and operator of the LNG project, has initiated production in October – when the company initially stated operations would begin in August.
Woodside Chief Executive Peter Coleman says the startup of the AU$44bn (US$34bn) project is a major milestone for Chevron, and will also reinstate confidence in shareholders.
In the coming weeks the first LNG cargo is to be shipped, reported Chevron. This is the first step in a long-term production outlook.
For Wheatstone, this startup will initiate its first ever LNG production line or “train”, with the second LNG cargo dispatching in six to eight months, according to Mr Coleman.
“I think it's an important moment because one of the things we said we'd do is start it up safely and reliably. That's taken a little longer because that's a key principle of what we wanted to do, so we supported Chevron through that process,” he told The Australian Financial Review in Tokyo.
“What we are really looking at now is saying, let's get it up and keep it up and let's focus on getting train two safely started up. It's progressing well, it's on schedule.”
When fully-functioning, it is expected that Wheatstone will contribute more than 13mn barrels of oil equivalent to Woodside’s production.
Mr Coleman refused to discuss how the delay would impact Woodside’s production outlook for the 2018 financial year.
Global Offshore rebrands Enelift and invests in global hubs
Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.
The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.
The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.
Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.
Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.
The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.
Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".
"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.
Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.
"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."