Gas to liquids (GTL)
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.
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.
Global oil, gas leaders see higher 2012 spending as industry confidence rises - poll
Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure in 2012 despite concerns over global economic instability, according to a new report on the future of the sector. North America is emerging as the area with the greatest opportunities in 2012, the poll shows.
Sempra wins US approval to export Louisiana LNG
The US Department of Energy said Friday it has authorized Cameron LNG to export liquefied natural gas, opening the door wider for US natural gas companies to send their bounty overseas. Cameron also has to win government approval to build export facilities at the Cameron Parish site.
Williams starts Springville line in Marcellus Shale
Williams Partners on Thursday continued its emphasis on Marcellus Shale infrastructure by starting up its Springville natural gas gathering pipeline. The project is a key component of a strategy to provide Marcellus producers with reliable large-scale infrastructure and connect them to key markets, the company said.
BP unveils global energy outlook through 2030, boosts demand estimate
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries, BP said in its Energy Outlook 2030 report. The demand projection is up 1.2% from the year-earlier estimate.
Oil India plans to buy up to $200mn in US, Australia shale gas assets
State-run Oil India plans to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions in the US and Australia as it seeks to gain expertise in the field ahead of India's plans to auction blocks in the country, a senior executive said Monday. India is seeking to tap into its shale gas resources to meet rising gas demand from power plants and factories.
Enterprise extends shipper commitment period for Appalachia-Texas ethane pipeline
Enterprise Products is extending its open commitment period by two weeks to accommodate additional shipper demand on the partnership’s Appalachia-to-Texas pipeline (ATEX Express). The open commitment period began Wednesday morning and will close on the afternoon of Monday, January 23.
Dow Chemical picks UOP for propylene production technology at Texas project
Honeywell’s UOP has been selected by Dow Chemical to provide technology to produce propylene at a Dow production site in Texas, the companies said on Thursday. The facility, scheduled to start up in 2015, will produce 750,000 metric tpy of polymer-grade propylene.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
