gas
Petronas and Murphy Oil go for FEED on Sarawak fLNG In June, Petronas from Malaysia will qualify only two consortia out of the four pre-qualified groups that have responded to a Call for Tender for a 1.5 million t/y floating liquefied natural gas (fLNG) vessel. The Sarawak fLNG project is to go for exploration & […]
A good option for ExxonMobil/BHP and Woodside ExxonMobil‘s affiliate Esso Australia Resources Pty Ltd is the operator of the Scarborough gas field, a 50/50 joint venture with BHP Billiton. The Scarborough field is one of the most remote of the Carnarvon Basin gas resources and the development remains challenging due to location in 900 metres […]
Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with a proposal based on $1.8 […]
Definition GTL is the acronym of Gas-To-Liquid and refers to the process to convert gas into liquid fuels such as diesel and fuels components such as very high added value synthetic greases and lubricants. Comments Historically the GTL process is based on the Fischer-Tropsch principle invented in 1920 to convert coal, gas or biomass into […]
$4 billion Louisiana Ethylene Cracker: On going Feasibility Study The South African energy and chemicals major Sasol’s board of directors has approved a feasibility study for a possible ethylene cracker and derivatives project at Lake Charles, Louisiana, USA. Sasol’s decision to move to a feasibility study on the USA project comes after the company completed a pre-feasibility study. […]
Shah Deniz consortium decided to commence Front End Engineering and Design (FEED) Shah Deniz Stage 2, or Full Field Development (FFD), is a giant project that will bring gas from Azerbaijan to Europe and Turkey. This will increase gas supply and energy security to European markets through the opening of the new Southern Gas Corridor. […]
Fluor wins the Project Management Services Contract Reliance Industries Limited (RIL) is converting a part of the fuel production for export into petrochemical added value products. In that purpose, RIL has awarded a contract to Fluor to provide project management services (PMS) for its refining and petrochemical projects to be executed in Jamnagar, Gujarat, India. Commissioned […]
Definition The Henry hub is the pricing point for the natural gas future and spot contracts traded on the New York Mercantile Exchange (NYMEX). Physically the Henry hub is located in Erath, Louisiana, USA and belongs to the Sabine Pipeline LLC. Comments Future and spot prices set at Henry hub are denominated in $/mbtu (million of British thermal units) and are generally […]
