Feb 20, 2018

Papua New Guinea could see LNG exports double

Sophie Chapman
2 min
ExxonMobil, Total, and Oil Search to expand Papua New Guinea's LNG exports
The US oil and gas firm, ExxonMobil Corp, and French petroleum company, Total, have made plans to expand Papua New Guinea’s liquefied natur...

The US oil and gas firm, ExxonMobil Corp, and French petroleum company, Total, have made plans to expand Papua New Guinea’s liquefied natural gas (LNG) exports.

The two firms and their partner, Oil Search Ltd, have agreed on the target of aiming to double the country’s gas exports.

The firms announced their plans on 20 February, stating the project’s goal of reaching a 16mn tonnes per annum capacity at the PNG LNG facility, operated by ExxonMobil.

The cost of the project has been valued at US$13bn, says Reuters.

If the companies meet their target, the Papua New Guinea facility could match some Australia’s largest LNG ventures.


The project will include three new LNG units – two of which will be use gas supplied by Total, and one will use ExxonMobil’s gas.

“There’s no doubt that keeping it simple is one of the great advantages of the concept that is presently on the table,” commented Peter Bootten, Managing Director of Oil Search.

“It also allows a smart way of both marketing gas and financing,” Reuters reported him stating.

“Joint venture alignment challenges remain, and shouldn’t be underestimated,” commented Saul Kavonic, Analyst at Wood Mackenzie.

“I know they all have other interests around the world. But in no way do I see any blinking or any reluctance to move these projects forward. They’re good, economic solid projects,” he added.

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May 6, 2021

Global Offshore rebrands Enelift and invests in global hubs

Dominic Ellis
2 min
Enelift plans to augment existing solutions with robotics and remote operational and training technology

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."


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