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Tokyo Gas Acquires Chevron Gas Assets Near Lng Corridor In East Texas For $525 Million

oil-gas
Apr 01, 2025
Article Source LogoPipeline Gas Journal
Pipeline Gas Journal

(Reuters) — TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 million, the company said on Tuesday, as it expands its U.S. gas business.

TGNR is already the fourth biggest producer in the Haynesville shale basin and the deal would allow it to reap synergies of over $170 million during the asset's development, Craig Jarchow, the company's chief executive, said in a statement.

RELATED: U.S. Gas Firms Refocus on Haynesville as Trump Greenlights LNG Projects

Haynesville's location in east Texas and northwest Louisiana is ideal for exports from liquefied natural gas (LNG) facilities and projects clustered on the nearby Gulf Coast, and has investors' attention as U.S. President Donald Trump aims to boost gas exports.

Yoshihisa Yamada, senior general manager at Tokyo Gas, told reporters on Tuesday that the new investment had been under consideration since before Trump's return to the office, but that the deal is in line with both countries' common aim to strengthen energy security by boosting LNG supplies from the U.S. to Japan.

The asset is expected to produce 1.4 billion cubic feet of gas per day in 2030, he said, adding that Tokyo Gas is considering investing in LNG liquefaction in the United States but no specific decisions have been made.

Tokyo Gas, Japan's largest city gas provider, said last week it wanted to increase coordination between its LNG trading and shale gas businesses in the U.S. and expand there, as it sees shale gas as a major profit pillar in the coming years.

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Tariff Fight Could Rattle U.S. Lng Exports, Push Gas Prices Higher
Pipeline Gas Journal
Tariff Fight Could Rattle U.S. Lng Exports, Push Gas Prices Higher(Reuters) — U.S. natural gas prices are already up by around 80% from a year ago, but are due for a fresh jolt from the knock-on effects of the latest round of trade tariffs imposed by the U.S. government on goods entering the country. Regardless of how and when the new tariffs kick in, the U.S. gas market stands to be impacted as exports of gas in the form of LNG look set to become a bargaining chip in any ensuing trade maneuvers. For those nations looking to narrow their trade surplus with the U.S. or avoid being hit with future tariffs, commitments to scale up purchases of U.S. LNG are an effective means of speedily rebalancing the trade ledger in favor of the U.S. At the same time, countries impacted by new tariffs that are already regular buyers of U.S. LNG may threaten to cut those purchases as part of possible reprisals. That means that in any event, the U.S. gas market looks set to be buffeted by the impending trade turbulence, with gas exporters, utilities, households and businesses all likely to be impacted by the upcoming swings in gas trade volumes and prices. Big Stakes The U.S. shipped out nearly 12 billion cubic feet of LNG per day in 2024, according to the U.S. Energy Information Administration, which cemented the U.S.' position as the top exporter of the fuel for the second year running. The LNG shipments brought in more than $30 billion, and so represented significant earnings for both the firms that shipped the gas and for the U.S. Treasury. The largest single market for U.S. LNG exports in 2024 was the Netherlands, which accounted for around 11% of total volumes, according to ship tracking data from Kpler. France, Japan, South Korea and India were the next largest buyers of U.S. LNG, while China, Turkey, Spain and the United Kingdom were also notable buyers. Tipping the Balance As the U.S. has run up trade deficits with nearly all of those countries, the administration of U.S. President Donald Trump is threatening to impose steep tariffs on the goods they sell to the U.S. And as all those countries are already notable buyers of U.S. LNG, it is likely that they will consider stepping up those purchases as part of any trade tactics designed at easing relations with the Trump administration. Other countries with steep trade surpluses with the U.S., including Vietnam, are also likely to mull increasing U.S. LNG imports as part of tariff negotiating efforts. Plan B LNG is also likely to feature as part of any countermeasures deployed by nations who want to hit back at the U.S. for raising tariffs in the first place. China and several European nations including Germany have vowed to respond to the planned tariff hikes, and are likely to view LNG as a means to inflict revenue damage on the U.S. without risking too much self-harm in the process. Qatar, Australia and Malaysia all also supply LNG to global customers, and so will likely be able to replace any lost U.S. volumes at relatively short notice while U.S. LNG exporters may struggle to quickly find alternate buyers. Gas Flow Impact Regardless of which way LNG export volumes trend in the wake of the latest U.S. tariff moves, the domestic natural gas market will feel the effects. If most U.S. trade partners opt to dial up LNG imports in an effort to close trade gaps, that will trigger more gas demand at LNG export terminals and tighter supplies for other gas users. That in turn will likely put fresh pressure on U.S. utilities which rely on natural gas for roughly 40% of electricity production. Several utilities have already cut gas use in favor of higher coal-fired power generation this year in response to the higher domestic gas prices. If gas prices climb further on the back of renewed strength in LNG exports, that may accelerate the uptake of coal instead of gas, and result in a swell in U.S. power emissions that could accelerate climate change. On the other hand, if most trade partners opt to cut U.S. LNG purchases as part of tariff reprisals, demand from LNG export terminals could drop and result in greater gas supplies for domestic users, and lower gas prices. Most likely, there will be a mixed response among trade partners in the LNG arena, with some nations dropping their LNG purchases while others increase them. Over time, those volume swings could offset each other and result in total LNG volumes being largely unaffected by the end of the year. But over the near term, sudden changes to LNG order flows will feed back into the domestic gas market and trigger potentially wild swings in available supplies and prices. For gas market participants, the trick will be to position themselves to exploit any advantageous price moves, and take cover during bouts of potentially damaging market action. The opinions expressed here are those of the author, a market analyst for Reuters.
oil-gas
03 April 2025
Abb Digitizes Indianoil’S 12,400-Mile Pipeline Network With Nationwide Scada System
Pipeline Gas Journal
Abb Digitizes Indianoil’S 12,400-Mile Pipeline Network With Nationwide Scada System(P&GJ) — ABB has delivered a full suite of automation and digital solutions to support Indian Oil Corporation Ltd.’s (IndianOil) vast cross-country pipeline network, one of the largest in the world. Spanning more than 20,000 kilometers (12,427 miles), IndianOil’s pipeline network transports around 125 million metric tons of oil and 49 million metric standard cubic meters of gas annually, playing a critical role in India’s energy infrastructure. At the center of the upgrade is ABB’s SCADAvantage digital platform, part of the company’s ABB Ability suite. The platform will power IndianOil’s Centralized Pipeline Information Management System (CPIMS), designed to monitor and manage the nationwide network in real time. The project scope included the design, engineering, and commissioning of cloud-hosted SCADA systems with built-in cybersecurity and disaster recovery capabilities. ABB will also provide a 10-year service contract to help unify IndianOil’s entire pipeline system under CPIMS and ensure long-term support. “CPIMS has been envisioned to address the complexities associated with the maintenance and operation of cross-country pipeline networks,” said Senthil Kumar N, Director (Pipelines) at IndianOil. “By leveraging technology, this project aims to eliminate manual operations and enhance the efficiency, productivity and availability of the pipeline networks. At IndianOil, we value our enduring partnership with ABB, which spans over a decade.” ABB was awarded the project contract in February 2024 and delivered its integrated solutions within a year. Commissioning of the system is currently underway.
oil-gas
03 April 2025
Permian Oil Growth Slows As U.S. Shale Hits Geological Limits
Pipeline Gas Journal
Permian Oil Growth Slows As U.S. Shale Hits Geological Limits(Reuters) — U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may be nearing peak output. The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become the world's top oil producer, stealing market share from the Organization of the Petroleum Exporting Countries (OPEC) and other top producers. Slowing output growth and rising costs would make it difficult for oil producers to pump more and bring down oil prices to consumers, as envisioned by U.S. President Donald Trump in his "drill, baby, drill" mantra. The Permian is pumping 6.5 million barrels per day (bpd), a record level and nearly half the all-time high 13.5 million bpd of crude that the U.S. produced in December. But the Permian is flagging. Since the widespread introduction of hydraulic fracturing, the technique that enabled the shale revolution in the mid-2000s, thousands of wells have perforated the Permian and fractured the rock to extract oil and gas. Relentless drilling to reach record production has exhausted the core of the Permian's two largest sub-basins: nearly two-thirds of the Midland formation's core has been drilled, and slightly more than half in the Delaware formation, according to data from analytics software company Novi Labs. "We've never been in a position before where we were on the back-half of the inventory story of the Permian basin," Novi Labs head of research Brandon Myers said. That has rung alarm bells across the industry, as drilling in the fringes of the basin, on lower-quality prospects, means less oil output and more water and gas. At conferences and on earnings calls, analysts and executives are discussing the issue with a growing sense of urgency. "We think that between 2027 and 2030 it's likely that the U.S. will see peak production, and after that some decline," Occidental CEO Vicki Hollub said earlier this month at an industry conference in Houston. Harold Hamm, founder of shale producer Continental Resources and a key figure in the U.S. shale boom, agrees. He said at the same conference that U.S. oil production is already beginning to plateau. For now, output is still rising. Shale executives expect oil output growth from the Permian to slow by around 25% this year to 250,000 to 300,000 bpd. The government estimates higher growth, of about 350,000 bpd, but even that would be the smallest increase in the basin's oil output since the COVID-19 pandemic. Tapped Out? Producers are dealing with rising levels of water and gas per barrel produced, which is slowing growth and driving up costs. In the past decade, gas output in the Permian has increased eight-fold, while crude production rose six-fold, according to a review by the U.S. Energy Information Administration. The gas-to-oil ratio (GOR) has risen steadily from around 3,100 cubic feet of natural gas per barrel of oil produced (cf/b), or 34% of total production in 2014, to 4,000 cf/b, or 40%, in 2024, the EIA said. The EIA classifies wells with a GOR of more than 6,000 cf/b as gas wells, not oil wells. Energy companies market the gas. But that raises costs - they must treat it, and build or lease space on pipelines to deliver it. The Permian's geology adds another layer of complexity: drilling in the basin on average produces four barrels of water for each barrel of oil, while in other basins the ratio is closer to one-to-one, oilfield water analytics firm B3 Insight data showed. The water-to-oil ratio can rise to as high as twelve-to-one from wells drilled in the fringes of an oilfield, said Christine Guerrero, a veteran petroleum engineer who is a strategic advisor to asset manager Octane Investments. "The Permian is much of a water and gas business with oil as a secondary product there," Chris Doyle, CEO of Civitas Resources, one of the newest entrants to the Permian basin, said on the company's fourth-quarter earnings conference in February. Producers dispose of the water by pumping it back into the ground, but regulators in recent years have cracked down on reinjection due to its links to increased seismic activity. The issue has not yet forced producers to abandon drilling plans, but will ultimately drive costs higher, said Shannon Flowers, director of crude and water marketing at producer Coterra Energy. "There are only so many places to drill, inject and frac, and as that goes down, you still have to find a home for the rest of your produced water," he said. At a four-to-one water-to-oil ratio, that translates to water disposal costs of about $2 for each barrel of oil produced in the basin. At 12-to-1, it would be nearly $8 a barrel. Breakevens to drill a new well in the Permian averaged $65 a barrel in 2024, up $4 on the year, according to the Federal Reserve Bank of Dallas. Less desirable acreage breakevens can hit $96, per Novi Labs, some $26 above where a barrel of crude is trading. Never Bet Against The Permian The shale revolution has beaten expectations for growth again and again as new techniques and technologies allowed producers to wring more oil out of the same rock. Now, executives are talking about the potential for artificial intelligence to cut drilling costs further and fuel new gains in production. The Permian has produced more than could ever have been imagined when the first well was drilled more than a century ago. Conventional production peaked in the 1970s, nearly 30 years before the shale revival. Even as producers face higher gas and water output, the sheer volume of oil they can pump justifies production, said Clint Barnette, director of geology at Indigo Energy Advisors, a unit of advisory firm Efficient Markets. "It's how the Delaware basin stays economic even though those wells produce six to seven times the amount of water as they do oil," he said, referring to the Permian's second biggest sub-basin. Producers such as Chevron and Coterra have been recycling their produced water for future fracking, helping to reduce transportation and other disposal costs. And in mid-March, the Environmental Protection Agency (EPA) said it will look into ways to ease recycling of produced water for artificial intelligence data center cooling, irrigation, fire control, and other needs. "I would never bet against the Permian," Barnette said.
oil-gas
03 April 2025
Processing Raw Biogas Into Renewable Natural Gas Suitable For Pipeline Blending
Pipeline Gas Journal
Processing Raw Biogas Into Renewable Natural Gas Suitable For Pipeline BlendingBy: Alice Fu, Senior Global Product Manager, Emerson In these days of growing efforts to reduce the effects of climate change, the agriculture sector is often cited as a major source of greenhouse gases (GHGs), including methane (CH4) and nitrous oxide (N2O), with those two sources combined accounting for about 10% of global non-carbon dioxide (CO2) emissions. Much of this comes from manure, but also from crop waste if left to deteriorate in the open. Using anerobic digestion in an enclosed system to process crop waste (Figure 1) allows collection of the resulting biogas, and its use of CH4, as a fuel source, while preventing its release to atmosphere. Capturing biogas is not a new concept and has been used extensively by large agricultural sites as a means to deliver essentially free fuel as a byproduct of normal waste processing. Generally, this biogas has been used within a given facility to power equipment suited to handling minimally processed gas, such as boilers or engine-generator sets. But this raw biogas right out of the digester gas can be refined to the extent necessary for it to be used as renewable natural gas (RNG, aka biomethane in some regions) such that it can be added to pipelines interchangeably with the traditional fossil product, reducing consumption of fossil sources. Let’s take a closer look at what this requires. Understanding Biogas Composition Anerobic digestion is fermentation of organic matter by bacteria. It is similar to natural biodegradation but happens more quickly in a reactor in the absence of oxygen, and this process allows for capturing the gaseous products. This is neither a clean nor precise reaction due to the wide range of variabilities, but still fairly predictable. Biogas normally contains: Obviously, raw biogas is a long way from qualifying as sales gas carried by pipelines and utilities. Moreover, a pipeline company accepting gas from a source such as a biogas producer will insist on having it fall within normal compositional limitations to avoid contaminants or ballast gases that reduce overall BTU value. So how much does it need to be cleaned up to meet basic requirements for sales gas? Regulatory agencies and pipeline companies around the world define natural gas quality by limits on components other than CH4. While there is some minor variability, most regions include specification ranges for: Regulations are tight as variability in sales gas can create a variety of problems for large-scale users, particularly when used as a fuel for gas turbines or sophisticated fired heaters, where the BTU rating is critical. For gas turbines, the Wobbe Index indicates additional characteristics affecting its suitability as a fuel. And for some users, contaminants can be just as important. For most, the least desirable contaminants relate to sulfur, which influences the price and quality of gas being transferred. Pipeline operators must test sales gas at various points in the distribution chain to ensure it has correct composition. Various testing methods are available, as we will discuss in a moment. Having said all that, what is the practicality of converting biogas into RNG, within all the limitations of pipeline regulations? Cleaning Up Biogas Undertaking such a project must be driven by a desire to reduce fossil fuel use. RNG is considered carbon-neutral because the CO2 released when burned comes from the CO2 that was originally absorbed by the plants during photosynthesis, essentially creating a closed carbon cycle where no net new carbon is added to the atmosphere. Conventional natural gas is not considered carbon neutral because, despite producing less CO2 than other fossil fuels when burned, it is primarily composed of CH4, a potent GHG. Throughout natural gas production fields, CH4 leaks significantly throughout its extraction, transportation, and distribution processes, negating some of its climate benefit. CH4 leaks contribute significantly to overall GHG effects from natural gas, at rates more than CO2. The process of converting biogas into RNG, also known as biogas upgrading, requires the removal of unwanted components—including CO2, H2S, and H2O—from raw biogas, leaving behind a much higher concentration of CH4 that can be injected into the natural gas grid. Common upgrading technologies include: The selection of each technology depends on the desired purity level and project volume requirements, and in some circumstances may require more than one removal technique, depending on the gas composition. The aim of upgrading technologies is to achieve the highest practical CH4 purity with minimum energy consumption and overall volume loss. Examining the pros and cons of various options is beyond the scope of this article, but all options require a method to measure final gas composition, and possibly at additional intermediate points. Gas Chromatography for Composition Analysis Gas chromatography (GC) technology is firmly established as a recognized method for composition analysis of natural gas at production and custody transfer points due to its high reliability, measurement accuracy, and minimal downtime. Tens of thousands of GC analyzers are installed worldwide along natural gas pipelines, and due to the similarity of biogas measurement with natural gas measurement, GC analyzers are also trusted by biogas producers, transporters, and users. A GC analyzer functions by separating and detecting chemical components within a sample. Inside the analytical oven, a column facilitates separation of various components, while valves inject the sample and direct it through different flow paths. Finally, detectors are employed to identify and quantify the separated sample components. A GC analyzer utilizes different types of detection technologies depending on the gas composition. The most common techniques are thermal conductivity detector (TCD), flame ionization detector (FID), and flame photometric detector (FPD). TCDs are for universal detection, mainly to measure inert gases and most hydrocarbons, while FIDs are adept at quantifying trace hydrocarbons, and FPDs specialize in measuring low-level sulfur species. With speciated composition measurement, GC software can calculate many critical physical properties of the gas according to the latest industry standards, such as BTU value, Wobbe index, specific gravity, compressibility, etc. For characterizing biogas and monitoring upgrading operations, TCD detectors are generally sufficient since there are relatively few sulfur compounds present and few higher hydrocarbons. GC Analyzer Operation The gas sample under test is mixed with an inert carrier gas and passes through a packed column (Figure 2). During the stationary phase in the column, the components separate and exit the column in a prescribed order, allowing them to be identified and quantified using TCD. The column and TCD are inside an oven to maintain the required temperature (Figure 3). Signal processing by specialized software embedded in the GC analyzer determines which individual chemical components are present and in what proportions. These are indicated by peaks on the graph (Figure 4). GC analyzer suppliers design their instruments to fit the list of components that end users demand for their routine applications. Some instruments cover a longer list of components than others, and this becomes a key specification, driving price and operational complexity. For biogas or conventional natural gas analysis, a basic GC analyzer can typically handle hydrocarbons through hexanes, although hydrocarbons higher than CH4 in biogas are usually only present in trace amounts. Selecting a GC Analyzer RNG measurement standards, where it is used as a stand-alone fuel, are still being developed in the different world areas and can vary from country to country, and even from contract to contract. However, where RNG must be interchangeable with conventional pipeline natural gas, the measurement requirements are the same as with sales gas analysis. Whichever the case, sites that produce biogas generally do it as a sideline, with their main operations focused on dairy products or meat production. Consequently, biogas is decidedly secondary, so selecting an analyzer technology will hinge on minimizing long-term operational cost and providing overall ease of use. Fortunately, today’s GC analyzers aren’t the complex, fragile, bulky, and expensive devices of yesteryear. The need for consumables is much lower, and improved operator interfaces allow automated processing, remote connectivity, and audit checks—while reducing the need for specialized operator training. The smaller size and greater ruggedness of internal valves and sensors makes it possible to reduce the footprint of a GC analyzer, while eliminating the need for specialized enclosures (Figure 5). Most biogas producers choose a GC analyzer with a single TCD, such as Emerson’s Rosemount™ 470XA Gas Chromatograph, due to its cost effectiveness. Others may prefer a GC analyzer with two TCDs, such as Emerson’s Rosemount 770XA Gas Chromatograph, to achieve expanded measurement into higher hydrocarbons, along with low ppm-level H2S. The latter unit also delivers a shorter cycle time. Both designs are explosion-proof and NEC/ ATEX/IECEX safety rated—so they are field installable without an enclosure—even in Class 1, Division 1 areas, eliminating the need for costly air-purged enclosures. RNG Implementation Drivers The processing steps necessary to turn raw biogas into RNG results in a production cost between five and 10 times the cost of conventional natural gas. The primary factor is the cost of purification via removal of CO2 and sulfur compounds, as these are expensive and complex processes. The analyzer itself is no different than would be necessary for a conventional natural gas production site delivering product to a pipeline operator. Therefore, the fundamental drivers behind RNG production are government mandates and initiatives aimed at lowering GHG emissions. For the producers to be profitable, or at least minimize required subsidies, there is a strong need for cost effective measurement solutions. For dirty raw gas, a robust analyzer solution capable of measuring H2S as well as BTU content in one single-analyzer solution is thus highly desired. Emerson’s GC analyzer offerings are ideal for these applications, delivering accurate measurements with simple operation and low lifetime costs. Biogas producers, pipeline companies, and end users get the measurements they need without the complications, expense, and maintenance requirements of older technologies and solutions. About the Author Alice Fu is a Senior Global Product Manager at Emerson, supporting the Rosemount Gas Chromatograph product line. She has been with Emerson for the past 20 years in multiple roles, including customer support, analytical system integration, project management, business leadership, and currently product management. Fu holds a bachelor’s degree in biomedical engineering from Zhejiang University, and MBA from Shanghai Jiao Tong University, both in China.
oil-gas
03 April 2025
Mosman Oil And Gas Limited Announces Mello Investor Presentation
Gulf Oil and Gas
Mosman Oil And Gas Limited Announces Mello Investor PresentationMosman Oil and Gas Limited the helium, hydrogen and hydrocarbon exploration, development and production company, is presenting at Mello Monday's virtual investor event on Monday 7 April 2025. Andy Carroll, Chief Executive Officer, will be presenting at 17:30 (BST) and taking questions afterwards. If you would like to attend, you can?register here?for a free ticket for the event using code SHFREE.
oil-gas
03 April 2025
Bptt Announces Start Of Production From New Cypre Gas Project
Gulf Oil and Gas
Bptt Announces Start Of Production From New Cypre Gas ProjectCypre subsea trees arriving at the Tembladora facility, Trinidad bp Trinidad and Tobago (bpTT) today confirms its Cypre development has safely delivered its first gas. Cypre is one of bp’s 10 major projects expected to start up worldwide between 2025 and 2027, announced as part of bp’s reset strategy to grow the upstream.?Production from Cypre will make a significant contribution towards the 250,000 barrels of oil equivalent per day (boed) combined peak net production expected from these 10 projects. Cypre is bpTT’s third subsea development. It will comprise seven wells tied back into bpTT’s existing Juniper platform. At peak, it is projected to deliver around 45,000 boed (approximately 250 million standard cubic feet of gas a day). The first phase of the development – four wells – was completed at the end of 2024. The second phase is expected to commence in the second half of this year. “Our focus is on consistent execution and safe delivery of major projects like Cypre. The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for bp.” William Lin, EVP gas and low carbon energy “Our focus is on consistent execution and safe delivery of major projects like Cypre. The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for bp,” said William Lin, EVP gas and low carbon energy. bpTT president David Campbell said: “Cypre is another key milestone in bpTT's strategy to maximize production from our shallow water acreage using existing infrastructure. The project not only reinforces our commitment to maintaining production but also plays a crucial role in satisfying our existing gas supply commitments. Cypre represents a significant investment in the country's energy sector. We are proud to be part of this journey and look forward to continuing our collaboration with Government and other stakeholders to unlock Trinidad and Tobago's energy future." Cypre is bp’s second major start-up of 2025, following the start of production from the second development phase of the Raven field, offshore Egypt. The project meets bp's expected returns from upstream projects and is fully accommodated within bp’s capital expenditure plans. More on Cypre The Cypre gas field is located 78 kilometers off the southeast coast of Trinidad within the East Mayaro Block, in water depth of approximately 80 metres. Cypre is 100% owned by bp Trinidad and Tobago which is owned by bp (70%) and Repsol (30%)
oil-gas
03 April 2025
Wärtsilä To Supply Biolng Plants For Two Large-Scale Biogas Projects In Finland
Gulf Oil and Gas
Wärtsilä To Supply Biolng Plants For Two Large-Scale Biogas Projects In FinlandWärtsilä Gas Solutions, part of technology group Wärtsilä, will supply and install the bioLNG production solutions for two large-scale biogas projects in Finland. The plants have been ordered by Suomen Lantakaasu Oy, a joint venture between the biomethane company St1 Biokraft and dairy and food company, Valio. The two projects will each have the capacity to produce 25 tons of bioLNG per day. The orders with Wärtsilä were booked in Q1. The feedstock for the biogas will be mainly manure and food processing waste. The residue product is an odour-free biofertilizer to be used by the farmers that supply the manure. When operational, the plants will enable more widespread use of a biogas-powered transport fleet. By utilising manure in biogas production, the carbon footprint of milk production is significantly reduced, when the emissions reduction of both agriculture and transport is taken into account. "Suomen Lantakaasu has strong ambitions in building a biogas production network in Finland and enabling wider use of biogas fuel in transport applications. Wärtsilä’s deep experience and successful track record for high-capacity biogas upgrading and liquefaction plants is highly valuable to our projects”, says Leena Helminen, CEO of Suomen Lantakaasu. These biogas plants are greenfield projects and will be built in Nurmo and Kiuruvesi, located in western and central parts of Finland respectively. Both plants are expected to be in operation by the second half of 2026. “Wärtsilä’s focus is very much on shaping decarbonisation. Our bioLNG plants are a central pillar of this strategy. These biogas upgrading and liquefaction plants will have the capacity to produce significant levels of green fuel and thus support Suomen Lantakaasu in their journey,” comments Magnus Folkelid, Sales Manager, Wärtsilä Gas Solutions, Biogas. In addition to the biogas upgrading and liquefaction plants, Wärtsilä will also supply 300m3 capacity storage tanks, as well as an export station. Earlier, Wärtsilä has only supplied biogas upgrading and biogas upgrading plus liquefaction plants to St1 Biokraft in Sweden and Norway.
oil-gas
03 April 2025
Ogdcl Announces 3Rd Gas And Condensate Discovery At Spinwam-1 Well
Gulf Oil and Gas
Ogdcl Announces 3Rd Gas And Condensate Discovery At Spinwam-1 WellWith reference to our announcement dated March 18, 2025, regarding the discovery at Spinwam-1 well in the Waziristan Block, Khyber Pakhtunkhwa from the Kawagarh Formation, we are pleased to report third gas and condensate discovery in the Hangu Formation at the Spinwam-1 Well. OGDCL holds a 35% working interest in the Waziristan Block, with Mari Energies Limited as Operator (55%) and Orient Petroleum Inc. (10%). The well has flowed 23.85 MMSCFD of gas and approximately 122 barrels per day of condensate at a 32/64" choke, with a Well Head Flowing Pressure (WHFP) of 4,042 psig. Testing of additional formations is in progress. The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members please.
oil-gas
03 April 2025
Goil Ceo To Speak At Accra Investor Briefing As Ghana Targets Enhanced Fuel Security
Gulf Oil and Gas
Goil Ceo To Speak At Accra Investor Briefing As Ghana Targets Enhanced Fuel SecurityInvest in African Energies: Accra Investor Briefing takes place on April 14 at the Kempinsky Hotel. Targeting enhanced fuel security, Ghana is driving the development of its downstream oil and gas industry, with advancements in liquefied petroleum gas (LPG), distributed fuel products and aviation fuels. The country’s state-owned oil and gas marketing company Ghana Oil Company (GOIL) plays an instrumental part in strengthening the downstream sector. Edward Abambire Bawa, Group CEO and Managing Director of GOIL, is speaking at the Invest in African Energies: Accra Investor Briefing on April 14 at the Kempinsky Hotel. The event is a prelude to the African Energy Week (AEW): Invest in African Energies 2025 conference – taking place in Cape Town from September 29 to October 3 – and will showcase Ghana’s extensive oil and gas opportunities, from upstream exploration to midstream infrastructure to downstream distribution and investment opportunities. With ambitions to increase oil production through the expansion of upstream fields, Ghana also strives to enhance its downstream industry, with aims to reduce petroleum imports by scaling-up domestic infrastructure and distribution. At the helm of this ambition is GOIL, which is already renowned for its diverse product offerings and extensive distribution network. This includes a vast network of fuel stations across the country; strong partnerships with global and local stakeholders in the energy sector; and ongoing investment in infrastructure, innovation and sustainable solutions. The company is also one of the leading suppliers of jet fuel at Ghana’s Kotoka International Airport, Takoradi Airforce Base and Kumasi Airport. In collaboration with partners, the company also offers jet fuel for export worldwide. Recent developments underscore GOIL’s commitment to expanding its distribution infrastructure. In February 2025, the company opened its third service station in Berekum in the Upper Middle Belt Zone; in August 2024, it reintroduced super XP onto the market; and in February 2024, it opened Autogas stations in five regions nationwide. Additionally, in partnership with Ivory Coast’s Societé Multinationale de Bitumes, GOIL inaugurated a bitumen terminal and production plant in Tema in September 2024. The $40 million facility has a production capacity of 7,500 metric tons and will produce polymer modified bitumen and bitumen emulsions. The facility also features a laboratory for testing the quality of products as well as storage options. The facility is expected to meet the demand of the country’s road construction sector, reducing the import of bitumen products in Ghana. These developments highlight the company’s commitment to expanding infrastructure to support the growing demand for petroleum products in Ghana. Stepping into this picture, the Invest in African Energies: Accra Investor Briefing offers an opportunity for the country’s state-owned enterprises such as GOIL to share updates on major projects, upcoming investment opportunities and strategic areas of collaboration. During the event, Bawa will share insights on GOIL’s strategic initiatives to enhance the nation’s oil and gas infrastructure, underscoring the critical need for increased investments across the entire energy value chain to bolster Ghana’s economic growth and energy security. “GOIL continues to make significant strides toward strengthening the entire oil and gas value chain in Ghana. With a commitment to enhancing domestic fuel security and reducing imports, the company is looking at working more closely with international partners to modernize energy infrastructure, boost petroleum product distribution and scale-up capacity building across the downstream sector. GOIL’s projects and forward-looking development strategy exemplify the proactive steps needed across the country to attract investment and enhance the value chain,” stated NJ Ayuk, Executive Chairman, African Energy Chamber.
oil-gas
03 April 2025