S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger
By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
The 600,000 tonnes Prelude FLNG facility, the largest offshore facility ever constructed, is nearing completion at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea.
Once completed, the floating liquefied natural gas (FLNG) facility will be moored off Western Australia for a period of 20 to 25 years where it will be used to chill natural gas produced at the Prelude field to –162°C (-260°F), shrinking its volume by 600 times so it can be exported to customers in Asia.
Once operational, the Prelude FLNG facility will produce at least 5.3 million tonnes (mtpa) per annum of liquids: 3.6 mtpa of LNG, 1.3 mtpa of condensate (equivalent to 35,000 bbl/d) and 0.4 mtpa of liquefied petroleum gas (LPG).
Here’s a look at its progress at SHI:
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