The process of converting natural gas into liquid form (LNG) by cooling it to extreme temperatures for storage and transport. Subcontractors supporting liquefaction facilities must meet strict safety and technical certifications. Work scopes often include maintenance, insulation, and cryogenic system servicing.
Liquefaction
Related Terms
Thermal Resource Fleet
IndustryA subcontractor's collection of heat-generating equipment, such as steam generators, line heaters, and freeze protection units. These assets are mobilised for cold-weather operations, pipeline conditioning, or process heating on oil and gas sites. Fleet size directly affects a subcontractor's capacity to bid on thermal service contracts.
Work Order
IndustryA formal document issued by a client or general contractor authorising a subcontractor to perform a specific scope of work. It outlines the job details, location, timeline, and agreed rate. Subcontractors typically cannot invoice without a valid work order number.
Npv10 (net Present Value At 10% Discount Rate)
IndustryA method operators use to value oil and gas reserves by discounting future cash flows at 10% annually. Higher NPV10 signals a healthier client who can fund long-term projects and honour contracts. Subcontractors can use it to gauge whether a prospect client's asset base justifies pursuing work with them.
Microgrid
IndustryA small, self-contained power system that operates independently from the main utility grid. Subcontractors working remote sites often rely on microgrids for consistent site power. Knowing the local power setup affects equipment compatibility and fuel logistics planning.
Jackup
IndustryA mobile offshore drilling rig with retractable legs that jack down to the seabed, elevating the platform above water. Subcontractors mobilising to a jackup must account for offshore certification, marine logistics, and platform-specific access requirements.
Ultra-Deepwater
IndustryOffshore drilling operations conducted in water depths exceeding 1,500 metres. Subcontractors working these projects require specialised certifications, equipment ratings, and offshore survival training. Mobilisation costs and logistics complexity are significantly higher than shallow-water scopes.
Latest Industry News
Baker Hughes Adds Six More Liquefaction Blocks to CP2 LNG Scope
Baker Hughes has expanded its equipment supply deal with Venture Global to cover 12 liquefaction modules at the CP2 LNG project in Louisiana, signaling fresh mechanical and site-prep work ahead.
1 month agoIndustrySapphire Gas Solutions Buys EDGE LNG, Gains 200,000 Gal/Day Capacity
Sapphire Gas Solutions has acquired Texas-based EDGE LNG, adding 200,000 gal/day of modular liquefaction capacity and expanding its integrated LNG supply chain across the southern US.
14 days agoIndustryFreeport LNG Train Outage Briefly Cuts Feedgas Before Friday Rebound
A compressor issue shut one of Freeport LNG's three liquefaction trains on Thursday, but feedgas volumes were set to climb again Friday, according to a Reuters report via BOE Report.
1 month agoIndustryBechtel Wins EPC Contract for Sabine Pass LNG Train 7 Expansion
Cheniere Energy Partners has executed a lump-sum turnkey EPC contract with Bechtel for Phase 1 of the Sabine Pass LNG Expansion Project, adding a new liquefaction train in Cameron Parish, Louisiana.
3 months agoRelated Guides
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Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
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