Gas Processing/LNG
Marcellus Shale likely to dominate US gas supply
During the first half of 2013, the majority of new wells were drilled in northeast Pennsylvania. However, rigs have increasingly focused on the liquids-rich southwestern portion of the Marcellus since 2012. Here, operators benefit from NGL production and less severe gas price differentials.
Singapore completes study on development of LNG bunkering standards
The Maritime and Port Authority of Singapore and its appointed consultant, Lloyd's Register, have completed a study on the technical procedures for LNG bunkering in the Port of Singapore. The study consolidated information that must be addressed before LNG bunkering can take place into five key areas.
Rosneft, ExxonMobil pick Foster Wheeler for FEED work on Far East LNG
The work will include location and concept studies, design basis definition, main technical solutions development, constructability assessment, definition of project execution strategies and preparation of preliminary information for submission to the Russian authorities. Contract value was not disclosed.
HP Industry Perspectives: Is it too early to be optimistic for 2014?
The increased availability of natural gas supplies are redefining energy conditions. New natural gas reserves are shifting the order for producing nations. Shale gas reserves, once difficult to extrac..
Phillips 66 to build LPG export terminal in Texas
The proposed terminal would provide 4.4 million bbl/monthof LPG export capacity, the equivalent of eight very large gas carriers (VLGC). It would be located at the site of the company’s existing marine terminal in Freeport and utilize existing Phillips 66 midstream, transportation and storage infrastructure.
US oil, gas M&A activity led by foreign buyers, private equity groups
Foreign buyers announced nine deals in the third quarter of 2013, which contributed $2.8 billion or 17% of total deal value, vs. four deals valued at $4 billion during the same period last year. On a sequential basis from the second quarter, the number of total deals increased 800% from just one foreign deal.
Shell selects Wood Group for engineering services on Scotland gas, NGL plants
Wood Group employs around 500 people under this contract and provides project management, engineering, construction, commissioning, maintenance support and supply chain management services. Wood Group will also be providing fabric maintenance services, as part of the new contract.
US exports of NGLs poised to quadruple by 2020
The Panama Canal expansion, slated for completion in 2015, will allow the transit of large tankers and put costs to ship US gas liquids to Asia on a par with deliveries from the Middle East, according to Sanford C. Bernstein. US exports would jump to 20 million metric tons by 2020 from the current 5 million tons.
Air Products to extend Singapore gas pipeline hub
Air Products plans to further extend its existing industrial gas pipeline network to the Tembusu area from its existing pipeline network in the Sakra area on Jurong Island, Singapore, to support the growth of chemical and petrochemical customers with cost-effective and reliable industrial gas supply.
Honeywell to provide safety controls for Colombia floating LNG liquefaction
Honeywell’s Integrated Control and Safety System (ICSS) solution will manage control and safety operations of the topside and hull and also monitor operational safety during cargo handling. Additionally, closed-circuit television, and fire and gas detectors will be integrated with the system.
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
- SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations 7/24
- Finland's Neste tops earnings forecast on soaring SAF sales 7/24
- Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage 7/24
- Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July 7/24
- Dow forecasts sales below estimates, slashes dividend as downturn takes a toll 7/24
