Gas to liquids (GTL)
US NGL production to rise over 40% by 2016 - study
US natural gas liquids (NGL) production is expected to increase more than 40% over the next five years, according to a new joint market study from BENTEK Energy and Turner, Mason & Company (TM&C). Current levels of NGL infrastructure are inadequate to handle the surge in NGL production and significant new investment is needed to relieve bottlenecks, according to the authors.
IHS acquires downstream market research firm Purvin & Gertz
Consultancy group IHS has acquired Purvin & Gertz, a global advisory and market research firm that provides technical, commercial and strategic advice to international clients in the petroleum refining, natural gas, natural gas liquids, crude oil and petrochemical industries.
BHP Billiton to spend $4.5bn on US shale this year
BHP Billiton Ltd. plans to invest roughly $4.5 billion developing the shale oil and gas assets it bought in the US this financial year as it ramps up production, the head of the mining company's petroleum division said Monday. BHP is targeting US shale production of 90 million barrels of oil equivalent in the year through June or about 250,000 BOE/day.
US shale study finds no clear link between fracking, water contamination
Initial findings from a study on hydraulic fracturing in shale gas development suggest no direct link to reports of groundwater contamination. The project leader offered early observations from the study at a briefing in Fort Worth, attended by local government officials, regulators and energy company executives.
Carbon Sciences touts new gas-to-liquids process
Carbon Sciences Inc. announced a breakthrough technology to their gas-to-liquids (GTL) process that yields liquid transportation fuels from natural gas and carbon dioxide (CO2). Carbon Sciences' proprietary catalyst technology is aimed at reducing the cost of syngas production by eliminating the expensive requirements for oxygen and steam.
Global oil, gas firms poised for strong 2011 finish despite market uncertainty - report
Though third-quarter financial news has been decidedly more bearish than bullish, advisory firm Ernst & Young's oil and gas center says it anticipates a steady close to the year. The oil and gas industry is set to end 2011 strong amid great uncertainty in the broader market, according to the firm’s quarterly oil and gas update.
DCP finalizes deal for Conoco pipeline to US Gulf, will convert to NGL service
DCP Midstream has closed on its previously-announced acquisition of the Seaway Products Pipeline Co. from ConocoPhillips. DCP will convert the renamed Southern Hills Pipeline to natural gas liquids service and add extensions to Mont Belvieu, Texas
Chevron discovers more natural gas in offshore Western Australia
Chevron announced further drilling success by its Australian subsidiary in the Carnarvon Basin located in offshore Western Australia, Australia’s premier hydrocarbon basin. The discoveries are expected to help underpin potential expansion opportunities at the Wheatstone liquefied natural gas (LNG) hub, which moved to the construction phase in September 2011.
El Paso, GE open Gulf LNG regasification terminal
GE announced on Thursday that its co-owned Gulf LNG regasification and liquefied natural gas storage facility on the Gulf of Mexico has successfully begun operations. The terminal, operated by a subsidiary of El Paso Corp., is located adjacent to the Bayou Casotte Ship Channel in the Port of Pascagoula on the Gulf coast.
Waskom finishes Texas gas processing expansion
Waskom Gas Processing Co. (WGPC) has completed the previously-announced expansion of gas processing capacity at its gas processing and natural gas liquids fractionation facility in Waskom, Texas, according to part owner Martin Midstream.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
