Gas Processing/LNG
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.
EU sees no need for new shale gas regulations
There is no need for new legislation to regulate shale gas exploration in the European Union, according to a study that proposed the bloc adopt a low profile on what is a controversial issue among its member countries. Exploratory drilling is taking place at more than 20 sites in the EU, half of which are in Poland.
US business lobby likes Obama plan on China
A US business lobby group voiced support for President Barack Obama's proposal for export financing for US companies competing against Chinese rivals in third-country markets, seeking a more "level playing field" with Chinese companies.
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.
US oil industry seeks policy changes as EIA unveils annual energy outlook
With changes in policy, America's oil and natural gas industry could produce at home far more of the energy the nation requires, further enhancing its energy security and providing very large benefits to the economy, according to the CEO of the American Petroleum Institute.
Sinopec boosts Queensland LNG stake in Australia
Australia Pacific LNG and Sinopec amended their existing LNG sales agreement for the supply of an additional 3.3 million tpy of LNG through to 2035 from Australia Pacific LNG’s world-class coal seam gas resources and LNG facility on Curtis Island, Gladstone in Queensland. Sinopec’s ownership interest will rise to 25% from 15%.
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.
Poland opens new natural gas pipeline, sees more imports from Germany
A new natural gas pipeline in southwestern Poland will allow the country to import gas from Germany more cheaply than from Russia. Poland will want to boost the capacity of the link with Germany in the future and plans to eventually use the pipeline to export Polish gas.
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.
Foster Wheeler to design new India LNG terminal
Foster Wheeler has been awarded a contract for a new LNG receiving terminal to be built in Ennore, in the state of Tamil Nadu, India. The LNG terminal facilities are planned for completion by 2015-16.
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- ASTM International signs MoU with Gulf Cooperation Council Laboratory Company for Technical Services (GCC Lab TSCo.) 11/18
- KBC launches Visual MESA Energy Management System 7.3 11/18
- MHI Compressor secures steam turbine contract at Baton Rouge (U.S.) olefins plant 11/18
