Gas to liquids (GTL)
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.
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.
- Pakistan-China to sign MoU on oil-to-chemicals complex in June 5/17
- China biofuel makers bet on sustainable aviation fuel 5/17
- AMETEK Land provides thermal imagers to large ethylene producer 5/17
- China's refinery output falls for first time in 20 mos due to maintenance 5/17
- Dow, SCG Chemicals sign MoU to transform 200,000 tpy of plastic waste into circular products 5/17
- Ukraine long-range attacks continue to disrupt Russian refining, energy operations 5/17
