Gas Processing/LNG
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.
Qatargas picks GE technology to lower emissions
GE has signed a contract with Qatargas to supply advanced combustion technology to reduce gas turbine emissions at the Qatargas 1 Utility complex to meet new regulations. GE will provide its Dry Low NOx (DLN) 1.0 combustion system designed to achieve low emissions levels of 25 ppm for nitrogen oxide.
Shell looking at gas-to-liquids projects in US
Royal Dutch Shell is in the early stages of planning projects to turn natural gas into fuels like diesel in the US, of similar scale to its huge project in Qatar. Shell is only interested in large-scale projects similar to the $18 billion Pearl gas-to-liquids plant it has developed in Qatar, the company said.
Linde to build hydrogen plant at northeast China chemical complex
The Linde Group says it will build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The hydrogen plant is expected to come on stream by the end of 2013, supplying several companies in the Jilin chemical complex with high-purity hydrogen.
Shale gas gives rise to era of energy independence
A boom in shale gas output has lifted US gas supplies to record levels, creating an environment to sustain low prices and offering a new era in energy independence.
HPI Market Data 2012 Executive Summary
THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..
HP Construction: Europe
RusTurboMash LLC, a joint venture of Siemens Energy and Iskra-Avigaz, has inaugurated a new compressor-manufacturing plant in Perm, Russia. Siemens holds a 51% stake in the joint venture and Iskra-Avi..
BP to sell Canada natural gas liquids unit to Plains
BP has agreed to sell its Canadian natural gas liquids (NGL) and liquefied petroleum gas (LPG) business to the midstream subsidiary of Plains All American Pipeline for $1.67 billion in cash. Assets include NGL extraction plants; pipeline gathering systems; fractionation plants; and storage and specification product distribution facilities.
Linde, Statoil say joint Arctic LNG plant exceeding performance expectations
The world's northernmost natural gas liquefaction plant - Hammerfest LNG on the island Melkøya, 800 km north of the Arctic Circle near Hammerfest in Norway - passed its performance test in August, exceeding the expectations. The plant is a unique technology project of the European natural gas and EPC industry.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
