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Texas LNG to develop new LNG toll business model The Houston-based Texas LNG LLC (Texas LNG) is planning to replicate a mid-sized of the Norwegian Statoil Snohvit LNG concept to introduce in the US market a new business model to export liquefied natural gas (LNG) at low costs. In 2007, Statoil and its partners started the […]
Technip completes FEED on Freeport ethylene cracker To optimize the competitive advantage of the US glut of shale gas, the Dow Chemical Company (Dow) is planning to increase locally the number and variety of production units downward its chemical value chain. Presented as early as April 2011, the US Gulf Coast Investment Plan elaborated by […]
Statoil’s vision stands in “Crossing Energy Frontiers” Statoil ASA is a public limited liability company established under the laws of Norway, thus Statoil is subject to the provisions of the Norwegian Public Limited Companies Act. Statoil has global operations and working interests in 41 countries and territories with a Market Leadership on the Norwegian Continental Shelf NCS. Founded in as the […]
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or even shale oil. Comments But […]
Sabine Pass LNG Terminal opens overseas export to Shale gas production Originally planned to be a LNG Import Terminal the Sabine Pass LNG project in Lousianna,USA, had been left in stand by for a while, until the Shale gas industry managed to put the domestic gas prices down below $4 per mmBTU with a great […]