natural gas market
$45 billion Alaska LNG FERC approval in progress The major companies ExxonMobil from USA, BP from UK, ConocoPhillips from USA and the midstream specialist TranCanada submitted the first drafts of so called Resources Reports as part of the environmental and project designed reports to be filed in for the Federal Energy Regulatory Commission (FERC) approval […]
Shell, Sasol and Eni sign GTL agreements with ENH The Royal Dutch Shell (Shell) on one side and the tandem Sasol–Eni on another side signed these last weeks agreement with the national oil company (NOC) Empresa Nacional de Hidrocarbonetos (ENH) to start feasibility studies on Gas-To-liquid (GTL) projects in Mozambique. During the last two years […]
Sabic mulls over world largest Oil-To-Chemicals project The world largest ethylene producer, Saudi Basic Industries Corporation (Sabic) is mulling over the design and construction of the world ever largest Oil-To-Chemical (OTC) complex in Saudi Arabia. In the same way as Saudi Aramco invested heavily these last years on the downstream activities, Sabic is considering again massive […]
Australia Key Projects and Business Highlights The first half of year has rang in Australia as a fresh wake up call on early morning when the major companies having interests in this country such as Apache, BG, BHP Billiton, Chevron, ExxonMobil, China National Petroleum Corporation (CNPC or PetroChina), Inpex, Shell, Total and even Woodside started to blow […]
Technip completed FEED for Ras Laffan Refinery Expansion project Since Technip completed the front end engineering and design (FEED) contract the Ras Laffan Refinery Expansion project is moving into its final bidding phase for the engineering, procurement and construction (EPC) contract with only four companies still in the competition such as selected by Qatar Petroleum (QP) and its partners, ExxonMobil, Total, Cosmo Oil […]
A world leader in natural gas In August 1986, The UK Government established and enlisted in London Stock Exchange British Gas Plc by the privatization of the British Gas Corporation and transfer of the corresponding assets. After spinning off the non strategic activities, Centrica plc. and what is renamed today National Grid plc, British Gas became BG […]
Definition BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873 litres of light crude oil which will produce 5.8 × 106 British Thermal Units (million BTU or mBTU) according to the US […]
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 […]
