Gas Processing/LNG
US LNG export projects bring long-term risk
Favorable margins for US liquefied natural gas (LNG) exports may not be sustainable and could set up long-term risks for infrastructure projects, according to a new report.
Hyundai Heavy inks $1bn of Europe LNG ship orders
Hyundai Heavy Industries, the world's largest shipbuilder by order value, said Tuesday it has received, along with its affiliate company, a combined $1.1 billion LNG ship order in Europe. The companies said they will deliver five LNG ships by the first half of 2015.
GTC strikes deal with ConocoPhillips to license sulfur recovery technology
Process technology licensor GTC Technology reached a global agreement with ConocoPhillips for its selective partial oxidation of sulfur (SPOC) technology for sulfur recovery. GTC says its SPOC technology is the most significant innovation in the “modified Claus” technology space in the last 30 years.
Total to boost investments as quarterly profits rise
France-based Total said 2012 has begun favorably and that it will step up investments over the next three years after reporting a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output. Total is targeting a 2.5%/yr increase in average output in 2012-2015.
Air Liquide starts up new US air separation unit
Air Liquide said on Monday that it started up a new air separation unit (ASU) at its facility in Geismar, La., seeking to increase its supply of nitrogen, oxygen and argon to customers in industries such as refining, natural gas and chemicals.
Halliburton, Petronas form partnership to develop global shale resources
Halliburton and PETRONAS Carigali have signed an agreement for the evaluation and development of global shale resources, the companies said on Friday. They plan to set up a shale technical center in Kuala Lumpur, Malaysia, which is where the deal was signed.
Copano to expand Eagle Ford shale pipeline in US
Copano Energy says it will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas. The extension is expected to begin service in the first half of 2013 and cost approximately $120 million.
JKC venture wins $15bn of engineering work for Ichthys LNG in Australia
KBR said its JKC joint venture with JGC Corp. and Chiyoda Corp. has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG project in northern Australia. The Ichthys LNG project is a joint venture between INPEX (76%, the operator) and Total (24%).
Gazprom to double European gas storage by 2015
Russian state gas firm OAO Gazprom plans to almost double the capacity of its underground gas storage capacity in Europe by 2015, the company said on Friday. Gazprom has recently been extracting gas from its European storage facilities at maximum levels.
Qatar inks Korea LNG deal as it boosts gas to Asia
Qatar said Thursday it has signed a deal to supply South Korea with 2 million metric tpy of liquefied natural gas, or LNG, for 20 years from 2013, the latest in a string of deals struck over the last two months with energy-hungry Asian countries. RasGas already supplies Kogas with 7 million tpy of LNG.
- Phillips 66 and Kinder Morgan announce open season extension for Western Gateway refined products pipeline 3/25
- Econotherm awarded contract for heat pipe heat exchanger in a Thai refinery 3/25
- Tecnimont awarded $50-MM rehab study contract for Guaracara refinery upgrade project 3/25
- Japanese refiners raise runs as stockpile release begins 3/25
- HyOrc signs binding agreement for European waste-to-methanol project 3/25
- Vietnam's Nghi Son refinery has crude oil for uninterrupted operations until end of May 3/25
