Chevron Corp has started producing LNG at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays it was announced on June 15.

Centrica and Tokyo Gas will buy 2.6 million tonnes of LNG per year from the start of operations the first half of the 2020s until the early 2040s.

Royal Dutch Shell has introduced gas to its 490-meter long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on June 13.

The projects, known as Liza Phase 1, include the conversion of an oil tanker into a FPSO vessel, which would have a production capacity of 120,000 bbl/d of oil.

South Sudan's officials also agreed with their visiting Sudanese counterparts to "evaluate and assess the damage" to South Sudan's oil fields in the Heglig area in the country's north.

The oil major sees deep water as a material part of its overall upstream portfolio.

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Production from the subsea deepwater development comes after Shell reduced its costs by around 30% to allow it to generate profit at less than $30 a barrel, the company said.

Partners in the Gladstone LNG (GLNG) plant will invest more than A$400 million (US$303 million) in the Arcadia gas project to help boost GLNG’s gas supply, Australia’s Santos Ltd. said May 31.

Johan Sverdrup, ABB, AC, DC

The first phase of the project for a shore-to-platform power solution for the Johan Sverdrup Field offshore Norway reached a milestone recently when the onshore converter station came online.

The United States plans to impose new sanctions on Iran after pulling out of a 2015 agreement between Iran and major world powers to limit Tehran’s nuclear ambitions.

North Field, Qatar Petroleum, Qatar oil and gas

The project would increase the North Field’s production by 10%, adding about 400,000 barrels of oil equivalent per day.

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