Gas to liquids (GTL)
Natural gas output declines in lower 48 US states
Natural gas output in the Lower 48 US states in December eased 0.2%, or 0.14 billion cubic feet per day, to 72.54 billion cubic feet a day, government data released Wednesday show. The December data predate some modest output cuts unveiled in January as prices hit 10-year lows.
Blackstone to invest $2bn in Cheniere US LNG plant
Blackstone Group is investing $2 billion in a liquefied natural gas (LNG) operation by buying senior subordinated paid-in-kind units from Cheniere Energy. Cheniere will use proceeds to develop its Sabine Pass liquefaction project at the Sabine Pass LNG terminal.
Chesapeake plans to double US production of oil, liquids by 2015
Chesapeake Energy said it plans to more than double its oil and liquids production by 2015 as the natural gas giant aims to become one of top five US oil producers. The company plans to produce about 250,000 bpd of oil and natural gas liquids by 2015, up from about 104,000 bpd in the fourth quarter.
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.
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.
Poland's PKN Orlen to intensify 2012 shale drilling
Polish state-controlled oil firm PKN Orlen plans to significantly intensify work on its shale gas concessions in Poland this year and has enough resources to continue exploration without partners. The company also plans to enter gas-fired power generation, it said.
Shale, foreign investment spark 2011 growth in US oil, gas M&A - report
The total value of US oil and gas mergers and acquisitions (M&A) increased significantly in 2011 due to continued investment in shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry. Average deal size also increased in 2011.
BP to sell global LPG bottles, tank filling business
BP plans to sell its liquefied petroleum gas (LPG) bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business. The company expects to complete any deal by the end of 2013.
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.
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.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
