A final investment decision (FID) on Petroliam Nasional Bhd's (Petronas) second floating liquefied natural gas (FLNG) project for the Rotan field in Block H, offshore Sabah will be made in the second half of the year, according to local news reports.
Petronas has cut steel for the hull of its first floating liquefied natural gas (FLNG) facility at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.
Net profit at floating LNG specialists Hoëgh LNG fell to a loss of $7.9m but its FSRU new builds remained on track.
Floating LNG specialist Höegh LNG has received commitment letters from five banks for a $299m limited recourse facility to finance its Lampung floating storage and regasification unit (FSRU) project in Indonesia.