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
Antero Midstream Buys Summit Midstream Assets in $70M Deal
2024-05-03 - The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.
NSTA Offers 31 More Licenses in Latest Licensing Round
2024-05-03 - The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
2024-05-03 - Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.
Sunoco Completes $7.3B NuStar Energy Merger
2024-05-03 - The completion of its acquisition of NuStar Energy allows Sunoco to realize at least $150 million of expense and commercial synergies and at least $50 million per year of additional cash flow from refinancing activity.
EQT, Equitrans Midstream to Combine in $5.5B Deal: Reports
2024-03-11 - EQT Corp.'s deal would reunite the natural gas E&P with Equitrans Midstream after the two companies separated in 2018.