Gas Processing/LNG
Venezuela's PdVSA signs gas supply contract with Eni, Repsol
Venezuelan state energy giant Petroleos de Venezuela signed a supply contract with Italy's Eni SpA and Spain's Repsol YPF that will allow for development of the South American country's massive offshore Perla gas field. Project development has been slow, which some critics attribute to red tape and regulatory uncertainty emanating from President Hugo Chavez's government.
US energy R&D spending forecast up 23% for 2012
Energy-related research and development (R&D) sponsored by US manufacturers and technology firms will reach nearly $6.7 billion in 2012, up 23.1% from 2011, according to a forecast from research group Battelle. Overall, global spending by energy-related companies is expected to grow by 7.8% to reach $17.9 billion.
Praxair to acquire Houston welding-gas supplier
Praxair has agreed to acquire Houston-based Texas Welders Supply Co. (TWSCO), the companies confirmed on Friday, noting that the deal should close by December 31. TWSCO, a long-time distributor of Praxair, is the largest independent gas and welding products distributor in the greater Houston area.
Williams buys Marcellus gas assets in $750m deal
Williams Partners agreed to acquire a gas gathering system and other assets in the Marcellus shale from Delphi Midstream Partners in a deal valued at roughly $750 million based on Wednesday's close. The gathering system includes natural-gas pipelines in Pennsylvania and southern New York, as well as associated gathering facilities.
US coal industry sees limited 2012 upside - report
Softer export markets and natural gas displacement will outweigh benefits of lower stocks and consolidation for US coal producers in 2012, according to a new report. Domestic steam coal demand is in slow decline, and Fitch Ratings says it expects supply to remain disciplined.
Foster Wheeler wins EPCm for BP gas separation project in Scotland
Foster Wheeler has been awarded an engineering, procurement and construction management (EPCm) contract for BP Exploration’s enhanced gas separation project (EGSP) in Scotland. The project is expected to be completed in 2013.
Enbridge closes deal for Cabin gas plant in Canada
Enbridge on Friday announced the closing of its acquisition of a 71.0% interest in phases 1 and 2 of the Cabin gas plant development in Canada, which together will be capable of processing 800 million cubic feet per day (Mmcf/d) of natural gas.
Benefits of shale outweigh risks - US survey
In new poll, Americans say they believe tapping shale gas formations offers greater rewards than it does risks, including those associated with hydraulic fracturing.
North America energy infrastructure outlook holds stable for 2012 - report
The stable outlook is supported by largely contracted revenue streams mitigating price and volume risk, including continuing strong support for renewable power projects through renewable portfolio standards.
Linde to build air separation plant in Arkansas
Linde says it will build a new air separation plant in Lewisville, Arkansas. The new 470 ton-per-day plant will produce liquid nitrogen and oxygen to meet rapidly growing demand in Arkansas, Louisiana and Texas, according to the company.
- Neste commissions largest upgrading facility for liquefied waste plastic, scales up chemical recycling 3/16
- South Korea to lift coal cap, boost nuclear output amid Iran crisis 3/16
- Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports 3/16
- Evonik expands distribution partnership with IMCD for VISIOMER® Specialty Methacrylates in the U.S. 3/13
- RWE to invest €17 B in the U.S. to power data centers 3/13
- Petrobras' refineries operating at 97% of capacity 3/13
