Gas Processing/LNG
Brazil sets domestic record for crude, natural gas production in 2011
Brazil set a record for crude oil and natural gas production in 2011 as ongoing tests at recently discovered oil fields continue to boost the country's output. Average daily output was 2.52 million BOE in 2011, up from 2.45 million BOE per day in 2010, according to the ANP.
Qatar plans LNG shutdown if Iran closes Hormuz
Qatar, the world's largest exporter of liquefied natural gas, is drawing up a contingency plan to close down its vast LNG facilities in an emergency, if Iran carries out recent threats to close the strategic Strait of Hormuz. Qatar has no alternative export routes for its LNG in the event of a blockade.
HP Insight: Government, environment and taxes, oh my!
In this issue of HPInsight, the global hydrocarbon processing industry (HPI) still battles some very familiar and present day challenges, such as economic cycles, feedstock spikes, government over reg..
HP Construction: North America
Sundrop Fuels, Inc., plans to construct and operate its first production facility on about 1,200 acres of land that it has purchased near Alexandria, Louisiana. The inaugural plant will use sustainabl..
Cheniere inks sales pact with Korea Gas to export Sabine Pass LNG
Cheniere Energy Partners has entered into an LNG sale and purchase agreement with Korea Gas Corp.(Kogas) under which Kogas has agreed to purchase 3.5 million tpy of LNG upon the completion of train three operations. The agreement has a term of 20 years and an extension option of up to 10 years.
Air Liquide acquires Georgia Gulf air separation unit
Air Liquide has purchased an air separation unit (ASU) from Georgia Gulf in Plaquemine, La. The ASU will join an existing system of 13 Air Liquide air separation units and utility production facilities serving more than 30 customers along the Mississippi River via Air Liquide’s pipeline network, the company said.
Shell CEO says current US gas prices too low for shale investment
Investment in shale gas won't be sustained if US natural gas benchmarks stay at their currently depressed levels, Shell chief executive Peter Voser said. US natural gas prices have fallen to their lowest point in a decade as new technologies allow producers to access vast untapped gasfields in Pennsylvania and Texas.
EU sees no need for new shale gas regulations
There is no need for new legislation to regulate shale gas exploration in the European Union, according to a study that proposed the bloc adopt a low profile on what is a controversial issue among its member countries. Exploratory drilling is taking place at more than 20 sites in the EU, half of which are in Poland.
US business lobby likes Obama plan on China
A US business lobby group voiced support for President Barack Obama's proposal for export financing for US companies competing against Chinese rivals in third-country markets, seeking a more "level playing field" with Chinese companies.
Conoco to shut more natural gas output in 2012
ConocoPhillips plans to shut in only a small portion of its natural-gas production in Canada and the lower 48 states due to lower commodity prices as the bulk of its production is tied to oil liquids output and is still profitable. The Houston company is one of the largest natural-gas producers in the US.
- 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
