Gas Processing/LNG
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.
US shale resources likely to spark manufacturing renaissance through 2025 - PwC
The abundance of shale gas resources could lead a US manufacturing renaissance with economic benefits that include cost savings, greater investments to expand manufacturing facilities and increased levels of employment, according to a new report.
US chemical group sees slow 2012 improvement, led by shale gas
Despite a slowdown in the US economic recovery, the outlook for the nation’s chemicals manufacturing industry is more encouraging, according to the American Chemistry Council’s (ACC) 2011 Year-End Situation and Outlook. The key to the domestic chemical industry’s recovery is access to vast, new supplies of natural gas from previously untapped shale deposits, the council says.
Cheniere finalizes export pact with GAIL India for Sabine Pass LNG
Cheniere subsidiary Sabine Pass Liquefaction entered into a liquefied natural gas (LNG) sale and purchase agreement with GAIL India, under which GAIL will buy 3.5 million tpy of LNG. Sabine Liquefaction is developing a liquefaction project at the Sabine Pass LNG terminal that includes up to four liquefaction trains capable of up to 18 million tpy of LNG.
Russia’s Novatek to double gas output by 2020
Russian natural gas producer OAO Novatek expects to more than double output to around 115 billion cubic meters a year by 2020, according to company officials.
Encana sells two western Canada gas processing plants to Veresen
Encana Corp. said it will sell two natural-gas processing plants in Alberta and British Columbia for C$920 million to energy infrastructure company Veresen. Encana, North America's second-largest natural gas producer after ExxonMobil, trimmed back its growth plans and put assets up for sale this year as it faced pressure from persistently low natural gas prices in North America.
Plains converting Oklahoma LPG pipeline to crude
Plains All American Pipeline announced Thursday that it is converting an existing Oklahoma liquefied petroleum gas (LPG) pipeline into crude oil service. The pipeline will provide an initial crude oil throughput capacity of 12,000 bpd by January 2012 and will be expanded to 25,000 bpd by July 2012.
Chevron to spend record $32.7 billion on capital projects in 2012
Chevron said it expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest in massive oil and gas projects worldwide. Rivals ConocoPhillips and Marathon Oil recently announced double-digit capital budget increases for next year, showing major oil companies are confident about the sustainability of high oil prices.
Marathon Oil boosting capital spending by $1 billion
Marathon Oil Corp. said Wednesday that it will increase its capital spending by $1 billion in 2012 as it moves to develop acreage in the Eagle Ford shale of South Texas. The firm plans to spend $4.82 billion on capital projects in 2012, up from its plan to spend $3.89 billion in 2011.
- px Group signs LOIs for major SAF and green hydrogen/ammonia projects in Europe 6/19
- How TotalEnergies is utilizing hydrogen to decarbonize its refineries in Europe 6/19
- Oil tanker market signals more Middle East energy disruption ahead 6/19
- Yokogawa collaborates with Shell on robotics and AI technology for plant maintenance 6/19
- Alder Process Technology uses APS to produce low-carbon marine fuels 6/19
- Yokogawa celebrates 50th anniversary of CENTUM DCS: A pioneering achievement 6/19
