-
India has proposed to import shale gas in liquid form from the US, a senior Indian government official said Wednesday. "This is our expectation. This is only a proposal. We proposed our [energy] needs are great," the official said, declining to elaborate further.
-
China's conventional gas production is stretched to the limit, a new report says. However, vast reserves of shale gas and coal-bed methane might ease the shortfall. The industry then needs to overcome major pricing, regulatory, distribution and water challenges.
-
Nord Stream, the consortium that operates a natural gas pipeline that ships Russian gas to western Europe via the Baltic Sea, said over the weekend it is considering further expanding the pipeline. It didn't say by how much the expansion could increase gas shipping capacity.
-
US natural gas prices are expected to rise in the months ahead as increased demand helps ease the current supply glut, the EI Asaid in an updated outlook, but the agency still cut its key price forecasts for the heating and power-plant fuel. The EIA cut its forecast for natural gas prices at the wellhead by 2%.
-
Air Products will supply additional hydrogen to be used by Motiva's 235,000 bpd Convent refinery in Louisiana under a long-term agreement with Motiva Enterprises, the joint venture between Shell and Saudi Aramco. The company's new Gulf Coast hydrogen pipeline network will be operational in 2012.
-
-
CNPC has signed an agreement with the Chongqing government to supply natural gas to be used as feedstock at petrochemical project in the southwest China municipality. The deal was announced during a meeting between CNPC Chairman Jiang Jiemin and Chongqing's new party leader, Zhang Dejiang.
-
Enterprise Products, Anadarko Petroleum and DCP Midstream agreed to build a new NGL pipeline that will start in the Denver-Julesburg Basin in Weld County, Colorado, and extend 435 miles to Skellytown, Texas. Enterprise will build and operate the pipeline, which begins service in the 2013 fourth quarter.
-
BP says that the sale of its Canadian natural gas liquids (NGL) business to Plains has been completed. The business includes assets involved in the extraction, gathering, fractionation, storage, distribution and wholesale marketing of NGLs across Canada and in the Midwest US.
-
Capacity at the Sweeny plant will be raised by about 22,000 bpd, or 19% above current levels, driven by rapid shale development in the Eagle Ford and Permian basins.
-
Refiners realigned their corporate strategies in 2011, with many shedding refining assets and others choosing to exit the sector altogether, according to a new report.
-
Enterprise Products said Tuesday that it plans to construct two more natural gas liquid (NGL) fractionators at its complex in Mont Belvieu, Texas, giving it 150,000 bpd of additional fractionation capacity. The process of obtaining the necessary permits is already underway, the company said.
-
Air Products has signed a long-term contract with Henan Xinlianxin Fertilizer (Xinlianxin), under which it build, own and operate an air separation unit (ASU) and integrated gas liquefier in Henan Province, China. The Air Products ASU and liquefier are to be onstream in 2013. Financial terms were not disclosed.
-
US-based oil and gas major ExxonMobil plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, CEO Rex W. Tillerson said. A total of 21 major oil and gas projects will begin production between 2012 and 2014.
-
Discussions for downstream engineering deals have increased rapidly in the first quarter of 2012 compared with the 2011 fourth quarter, according to Peter Oosterveer, president of energy and chemicals at Fluor.
-
Rising US oil and gas reserves stemming from shale, deep-water and Arctic discoveries are providing a dramatic boost to the stability of the world's energy supplies, Shell CEO Peter Voser said Wednesday.
-
General Electric (GE) and natural gas producer Chesapeake Energy said Wednesday that they will work together to develop new infrastructure to accelerate the adoption of natural gas as a transportation fuel. The biggest hurdle to natural gas's wider use in vehicles is refueling.
-
The market availability of US shale resources could determine the long-term fate of global gas prices, said Paolo Scaroni, Eni CEO. Scaroni bemoaned the difference in prices for “the same stupid molecule".
-
Members and associates of the US Shale Gas Advisory Board (SGAB) opened the CERAWeek conference by sharing thoughts on the controversies and challenges surrounding shale gas and oil development.
-
Air Products will construct and operate an over 200 tpd oxygen, nitrogen and argon liquefier and cylinder gases depot in Krasny Sulin in the Rostov region of Russia, the company said on Friday. The total value of both investments is over $30 million, according to the company.
-
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 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 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.
-
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 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.