HOUSTON—McDermott International Inc. and its joint venture partner, Chiyoda International Corp., a U.S.-based wholly owned subsidiary of Japan’s Chiyoda Corp., Dec. 2 announced that Train 2 of the Cameron project, located in Hackberry, La., has reached the final commissioning stage. This includes the introduction of pipeline feed gas into Train 2 of the liquefaction export facility, the precursor for the production of LNG. This achievement is yet another significant milestone during 2019 and the first for Train 2.
McDermott announced introduction of feed gas to Train 1 on April 15, which was followed by first liquid on May 14 and first cargo from Train 1 on May 31. On Aug. 19, Cameron LNG announced that Train 1 began commercial operation, following its substantial completion.
“Congratulations to the entire Cameron LNG project team who continues to make strides on this project and remains focused on providing stellar project delivery as we reach another notable milestone,” said Mark Coscio, McDermott’s senior vice president for North, Central and South America.
McDermott and Chiyoda have provided the engineering, procurement and construction for the Cameron LNG project since the project’s initial award in 2014. The project includes three liquefaction trains with a projected export of 12 million tonnes per annum of LNG, or approximately 1.7 billion cubic feet per day.
Cameron LNG is jointly owned by affiliates of Sempra LNG LLC, Total, Mitsui & Co. Ltd. and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corp. and Nippon Yusen Kabushiki Kaisha.
Post Oak Energy Capital affiliate Balcones Energy Holdings, in partnership with certain individual investors, sold the equity interests in Precision Compression Services in an all-cash transaction.
DOF ASA and DOF Subsea AS have entered into suspension agreements with, or received similar concessions from, secured lenders representing 93% of the secured debt of companies within the DOF Group comprised by the suspension agreements, the company said on May 15.
The board of directors of Nabors, which owns and operates one of the world’s largest land-based drilling rig fleets, approved the reverse stock split at a ratio of 1:50.