Gas Processing/LNG
Dow Chemical, YPF to develop Argentine shale gas, collaborate on petrochemicals
The companies now enter into talks on how to work out the details of a deal to uncover unconventional gas in the Orejano block in Argentina's resource-rich Neuquen province. Dow and YPF also agreed to work together to come up with ways for further develop the nation's petrochemical industry.
Shell gets Chinese approval on key shale project
Shell and state-oil giant CNPC first announced a deal in March 2012 to develop the shale reserves. The companies haven't disclosed details of the contract, but the approval suggests authorities in Beijing have developed the regulatory framework needed to spur wider international investment.
Mitsubishi Heavy, Imabari to jointly build LNG ships
Mitsubishi Heavy is one of Japan's pioneer LNG ship builders, while Imabari is the country's most cost-competitive one. The total LNG carrier building capacity will be as big as their South Korean rivals.
ExxonMobil, BHP plan massive floating LNG project near Western Australia
The partners in the remote field are working on a floating production vessel capable of producing up to 7 million metric tpy of liquefied natural gas, or LNG, the report said. That's nearly twice the size of Royal Dutch Shell's planned Prelude development off the coast of Western Australia, the paper said.
UK's Centrica signs deal to import US natural gas
The contract with Cheniere Energy Partners will see Centrica import 1.75 millio tpy of gas, enough to power around 1.8 million UK homes, according to the firm. It is the first such deal between a US supplier and a UK utility. The deal is subject to Cheniere getting the necessary regulatory approval.
Saudi Arabia to begin drilling for shale gas this year
Saudi Arabia, the world's largest exporter of crude oil, will push ahead this year with exploratory drilling of shale and other unconventional gas reserves which could be twice the size of its conventional gas reserves, which total 286 trillion cubic feet, Minister of Oil Ali al-Naimi said.
Russia, China to sign memorandum on gas supply
The deal could potentially be reached to deliver 38 billion cubic meters of gas annually to China beginning in 2018, the person said. The two sides are still negotiating on price, said a person familiar with the talks.
Williams shuts down natural gas pipeline in West Virginia after explosion
A large explosion occurred shortly after noon local time and forced local residents to evacuate their homes, said Marshall County Sheriff Kevin Cecil. The pipeline automatically shut down after the explosion, and residents were allowed to return to their home at around 2:30 p.m.
CB&I to acquire Phillips 66 syngas technology
The E-Gas solids gasification technology is a process that converts coal or petcoke into syngas, which can be used for power generation or further converted to substitute natural gas, hydrogen and downstream methanol-related chemicals production. Financial details were not disclosed.
BG finalizes long-term LNG supply deal with India
Under the agreement, BG will supply state-owned Gujarat State Petroleum Corp., or GSPC, with up to 2.5 million metric tpy of LNG, concluding an initial agreement announced back in September 2011. Analysts estimate the 20-year gas contract could be worth around $20 billion.
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- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
