Malaysia: PETRONAS Floating LNG DUA marks its commissioning with the production of first LNG
15 Feb 2021
PETRONAS marked yet another significant milestone for its second Floating Liquefied Natural Gas (FLNG) facility, PFLNG DUA, with the achievement of its First Drop of LNG production recently. This historic event signifies the ability of PFLNG DUA topside facility to produce on spec LNG product, which further validates the technology concept of floating LNG solutions for deepwater gas fields.
The Company’s first deep water FLNG facility is currently located at the Rotan gas field, 140km off Kota Kinabalu, Sabah. In collaboration with its upstream Production Sharing Contract partner, PTT Exploration and Production, it has successfully completed the subsea commissioning phase and achieved its First Gas on 6 February 2021.
According to Arab News, experts stated that as a number of economies suffered due to the Coronavirus pandemic, Saudi Arabia’s licensing of over a hundred new factories is a proof of its ambition to turn to “a leading industrial power” in the region and the increasing significance of the local industrial sector.
Australia: Beach Energy announces FY21 half year results
15 Feb 2021
Significant commercial and exploration achievements
Achieved Final Investment Decision for the~250 TJ per day Waitsia Gas Project Stage 2, paving the way for Beach to enter the global LNG marketin H2CY23. On 12 February 2021, the Final Investment Decision became unconditional
Discovered material liquids-rich gas volumes at the Enterprise field, with net 2P Reserves of 21 MMboe
(1) (34 MMboe gross), de-risking several exploration prospects in the vicinity of the Otway Gas Plant
Announced two opportunistic bolt-on acquisitions during the downturn, including SenexEnergy’s Cooper Basin portfolio
(2) and Mitsui’s Bass Basin assets
(3), which provide a platform forfurther synergies and growth
Police have charged three people with multiple offences after a man was allegedly assaulted and had his car stolen from outside a residence in Warana in.
Updated Feb 15, 2021 | 18:57 IST
LIC Group Leave Encashment Plan helps meet employer’s Liability for providing Leave Encashment facility to their employees. The Plan also offers Life Cover Benefit so that in case of death of a group member. LIC Group Leave Encashment Plan | Photo Credit: iStock Images
Key Highlights
Each policy year a Policyholder shall pay Contributions to secure Leave Encashment Benefit as per Scheme Rules and also to provide Life Cover Benefit.
All the Contributions paid by employer/ trustees will be credited to the Policy Account maintained in the name of employer/trustees.
The yield earned on each of the policy account shall be calculated using the money weighted rate of return method at end of each policy year.