Gas Processing/LNG
Rosneft, ExxonMobil pick Foster Wheeler for FEED work on Far East LNG
The work will include location and concept studies, design basis definition, main technical solutions development, constructability assessment, definition of project execution strategies and preparation of preliminary information for submission to the Russian authorities. Contract value was not disclosed.
HP Industry Perspectives: Is it too early to be optimistic for 2014?
The increased availability of natural gas supplies are redefining energy conditions. New natural gas reserves are shifting the order for producing nations. Shale gas reserves, once difficult to extrac..
Phillips 66 to build LPG export terminal in Texas
The proposed terminal would provide 4.4 million bbl/monthof LPG export capacity, the equivalent of eight very large gas carriers (VLGC). It would be located at the site of the company’s existing marine terminal in Freeport and utilize existing Phillips 66 midstream, transportation and storage infrastructure.
US oil, gas M&A activity led by foreign buyers, private equity groups
Foreign buyers announced nine deals in the third quarter of 2013, which contributed $2.8 billion or 17% of total deal value, vs. four deals valued at $4 billion during the same period last year. On a sequential basis from the second quarter, the number of total deals increased 800% from just one foreign deal.
Shell selects Wood Group for engineering services on Scotland gas, NGL plants
Wood Group employs around 500 people under this contract and provides project management, engineering, construction, commissioning, maintenance support and supply chain management services. Wood Group will also be providing fabric maintenance services, as part of the new contract.
US exports of NGLs poised to quadruple by 2020
The Panama Canal expansion, slated for completion in 2015, will allow the transit of large tankers and put costs to ship US gas liquids to Asia on a par with deliveries from the Middle East, according to Sanford C. Bernstein. US exports would jump to 20 million metric tons by 2020 from the current 5 million tons.
Air Products to extend Singapore gas pipeline hub
Air Products plans to further extend its existing industrial gas pipeline network to the Tembusu area from its existing pipeline network in the Sakra area on Jurong Island, Singapore, to support the growth of chemical and petrochemical customers with cost-effective and reliable industrial gas supply.
Honeywell to provide safety controls for Colombia floating LNG liquefaction
Honeywell’s Integrated Control and Safety System (ICSS) solution will manage control and safety operations of the topside and hull and also monitor operational safety during cargo handling. Additionally, closed-circuit television, and fire and gas detectors will be integrated with the system.
Global HPI spending likely to jump 15% in 2014
Newfound optimism stems from rising availability of gas supplies in several nations, rich shale reserves in North America, and a new expansion wave for petrochemicals.
Kinder Morgan to extend Eagle Ford Shale pipeline
Kinder Morgan will invest $74 million to build an 18-mile, 24-inch diameter lateral pipeline northwest from its DeWitt station to a new facility in Gonzales County, where KMP will build 300,000 bbl of storage, a pipeline pump station and offloading facilities. The lateral will have a capacity of 300,000 bpd.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
