
(Source: Shutterstock.com)
Technip Energies has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project in Oman.
The contract is valued between $532 million and $1.1 billion, Technip Energies said on April 22.
The contract covers the engineering, procurement and construction of a natural gas liquefaction train with an LNG production capacity of 1 million tonnes per annum. The plant will use electric-driven motors instead of conventional gas turbines and will be powered by renewable electricity from a nearby solar farm. The energy from the solar farm will cover 100% of the annual power consumption of the LNG plant. The LNG produced will notably be used as a marine fuel to reduce the sipping industry’s carbon footprint.
TotalEnergies holds an 80% stake in the Marsa LNG project, while OQ holds the remaining 20%.
Recommended Reading
Crude Oil Climbs More Than $1.60/ bbl on Tariff Cuts, Economic Outlook
2025-05-13 - Brent crude futures settled at $66.63/ bbl, up $1.67, or 2.57%. U.S. West Texas Intermediate (WTI) crude finished at $63.67, up $1.72 or 2.78%.
Oil Falls More Than 4% as Investors Reassess Trump's Tariff Flip
2025-04-10 - Oil prices fell by nearly $3/ bbl on April 10, wiping out the prior session's rally, as investors reassessed the details of a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.
Oil Dives More Than 6%, Steepest Fall in 3 Years on Tariffs, OPEC+ Supply Boost
2025-04-03 - Oil prices swooned on April 3 to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs.
Oil Loading Slows at Venezuela's Ports Amid US Tariffs, License Termination, Data Shows
2025-03-25 - Loading of Venezuela's heavy crude at its main oil ports slowed this week after the Trump administration imposed a 25% tariff on trade with countries buying the South American nation's oil.
Sempra's Port Arthur Phase 2 Wins US Approval to Export LNG
2025-05-30 - Sempra's Port Arthur Phase 2 project "marks a significant expansion of the first phase already under construction - turning more of the liquid gold beneath our feet into energy security for the American people," said U.S. Energy Secretary Chris Wright.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.