Sembcorp Marine clinches FLNG conversion gig from New Fortress

Singapore’s Sembcorp Marine has secured a contract from US LNG firm New Fortress Energy to convert two Sevan drilling vessels into floating liquefaction facilities.

Sembcorp Marine said its unit Sembcorp Marine Rigs & Floaters has entered into master service agreements with NFE affiliates for the engineering and conversion of two Sevan cylindrical drilling vessels to FLNG liquefaction facilities, including the fabrication and integration of LNG topside modules.

The firm, which earlier this year signed a definitive merger deal with Keppel Offshore & Marine, expects to deliver the hull conversion and fabrication of topsides for the first FLNG liquefaction in the first half of 2024 through the work engagement contract.

“Work on the second FLNG liquefaction facility project is expected to be contracted through further work engagement contracts to Sembcorp Marine at a later date,” it said.

Sembcorp Marine did not reveal the price tag of the contract.

The two liquefaction units will host the NFE-designed Fast LNG liquefaction production facility with a capacity of approximately 1.4 mtpa.

A separate LNG tanker moored near the FLNG liquefaction facility would store LNG produced at the facility.

While NFE currently has Fast LNG liquefaction facilities on jack-up rigs under construction in the US, this marks the first set of two Sevan cylindrical hulls that would become FLNG liquefaction facilities, according to Sembcorp Marine.

Wes Edens-led NFE plans to install up to eight floating liquefaction facilities each with a capacity of about 1.4 mtpa in the US Gulf of Mexico using its “Fast LNG” liquefaction design that incorporates modular, midsize liquefaction technology with jack up rigs or similar offshore infrastructure.

NFE previously awarded FLNG contracts to Fluor and ECONNECT Energy as well.

Most Popular

Golar moving forward with new FLNG order

Floating LNG player Golar LNG is moving forward with its plans to order its fourth FLNG conversion. In order to secure "attractive" delivery, Golar plans to enter into slot reservations for long-lead equipment within the third quarter of this year.

Seapeak books $19.3 million charge as it lays off seafarers on steam LNG carriers

Stonepeak’s Seapeak booked $19.3 million of restructuring charges in the second quarter of this year, primarily due to laying off its Spanish seafarers working on steam LNG carriers.

Seatrium, Karpowership ink new FSRU conversion deal

Singapore’s Seatrium will convert more LNG carriers into floating storage and regasification units for Turkiye's Karpowership under a new letter of intent revealed on Thursday.

More News Like This

NFE delays quarterly report filing

US LNG firm New Fortress Energy has sought more time from the US SEC to file its second-quarter report due to ongoing negotiations related to additional credit support that is required to be delivered under one of its debt instruments.

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.

NFE inks second FSRU charter deal with Egypt’s EGAS

Egypt’s EGAS has signed a second deal with US LNG player New Fortress Energy to charter a floating storage and regasification unit (FSRU).

Another FSRU arrives in Egypt

The 160,000-cbm FSRU Energos Eskimo has arrived in Egypt from Jordan, according to shipping data. The unit is one of four FSRUs that will serve a charter deal with Egypt's EGAS as the country seeks to meet its growing demand for natural gas.