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NEWS ARCHIVE



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Eastern Pacific Shipping wins bid for four VLECs for Zhejiang Satellite Petrochemical
-10/27/2020 4:53:57 PM
Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical (STL). The vessels will be carrying ethane from the US Gulf Coast to Shenzhen-listed STL’s plant in Lianyungang, China. All four VLECs will feature dual fuel ethane propulsion which will reduce greenhouse gas emissions when compared to conventional marine fuels.
Canadian LNG sector struggles amid low gas prices and LNG supply glut
-10/27/2020 4:20:50 PM
Significantly low gas prices and the global LNG supply glut caused by COVID-19 has led to a delay in upcoming LNG projects in Canada. Prevailing market conditions are making it difficult to find investors - even for projects in Western Canada, which are relatively closer to some of the biggest LNG buyers in Asia such as China and Japan.
India to drive global energy demand while cutting emissions
-10/27/2020 4:14:31 PM
India will be the major driver of global energy demand in the years to come, but will hold down carbon emissions even as its power consumption soars, Prime Minister Narendra Modi said. The world’s third biggest oil importer has implemented a series of reforms in recent years, including setting up a gas trading exchange and granting marketing freedom to producers, to boost its local output.
Brazil's Cosan unit bids for Petrobras' majority Gaspetro stake
-10/27/2020 3:58:47 PM
Brazilian energy company Cosan SA said on Monday its subsidiary Compass Gas e Energia has placed a bid for state-run oil company Petroleo Brasileiro SA’s 51% stake in Gaspetro.
India to up share of short-term LNG deals in gas use
-10/27/2020 3:52:22 PM
India’s biggest gas marketing firm GAIL expects the share of spot and short-term LNG contracts in the nation’s gas consumption to rise after a slump in spot prices has made long-term deals less attractive.
Eni expects binding bids for Australian gas assets by end November
-10/27/2020 3:01:53 PM
Eni and its adviser Citi expect binding bids for the Italian energy group's gas assets in Australia by the end of November in a deal that could raise around $1 billion, two sources said.
Fluor, Shell-led group discuss delays in North America’s West Coast LNG plant construction
-10/27/2020 2:34:51 PM
LNG Canada, a Shell-led joint venture behind the biggest private investment in Canadian history, has fallen behind in construction mostly due to the pandemic, leading the owner and contractor to hold talks, according to Fluor Corp. executives.
U.S. offshore energy producers brace for Hurricane Zeta impact
-10/27/2020 1:52:59 PM
Energy firms and ports along the U.S. Gulf Coast were bracing on Tuesday for another test as Hurricane Zeta, the 11th hurricane of the season, entered the Gulf of Mexico.
Gulf Energy CEO: Yes, Joe Biden really does want to end America’s oil and gas industry
-10/26/2020 10:07:57 PM
The Biden Plan. Among other items, Biden’s energy plan calls for the elimination of carbon from power generation by 2035. The genesis of the Biden Plan, which can be found on the Democratic Party platform website, is the Biden-Sanders Manifesto of July 20, 2020, which was submitted to the Democrat National Committee by co-Chairs John Kerry and Alexandria Ocasio-Cortez.
U.S. offshore oil workers flee as storm Zeta heads toward Gulf of Mexico rigs
-10/26/2020 5:46:58 PM
Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.
Gulf Energy Information introduces hydrogen data with new platform
-10/26/2020 5:18:21 PM
Gulf Energy Information—a leading provider of media, technical information and market intelligence services for the international energy industry—launches today Global Energy Infrastructure (GEI), a comprehensive new dataset covering projects across the energy industry.
Residential propane prices so far this winter are similar to last winter’s prices
-10/26/2020 5:02:04 PM
According to the U.S. Energy Information Administration’s (EIA) Heating Oil and Propane Update (HOPU), propane prices during the first two weeks of the current winter heating season (October 1 through March 31) were 4% lower than during the same time last winter.
Chevron bets on Middle East gas riches and reconciliation
-10/26/2020 4:46:53 PM
After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.
Norway's Hammerfest LNG plant fire repairs could take a year
-10/26/2020 4:42:16 PM
Equinor’s Melkoeya LNG plant in Norway could remain closed until October 2021 as extensive repairs are carried out following a fire last month, the company announced.
Nord Stream 2 pipe-laying vessel nears project hub
-10/26/2020 4:28:44 PM
Russian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed.
BP starts gas production from Qattameya field
-10/26/2020 3:42:34 PM
BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.
Honeywell to automate world’s largest LNG project with instrumentation and control solutions
-10/26/2020 3:14:16 PM
Qatar Petroleum has selected Honeywell as the main instrument and control contractor to support the North Field East (NFE) project, being developed by Qatargas on behalf of Qatar Petroleum. Honeywell’s technology will provide the NFE project with streamlined automation and safety systems while reducing schedule risks and delivering CAPEX efficiencies.
Frankfurt starts building fuel station for world's biggest zero-emissions train fleet
-10/26/2020 2:43:19 PM
German regional transport group RMV has begun construction on a filling station near Frankfurt that will use hydrogen generated as a by-product of chemicals manufacturing to fuel the world's largest fleet of zero-emissions passenger trains.
Turkey may work with foreign firms to develop gas field
-10/23/2020 5:36:53 PM
Turkish Energy Minister Fatih Donmez announced that Turkey will operate the gas field which it recently discovered in the Black Sea on its own, but it may cooperate with foreign firms in terms of detailed work and equipment.
China CNOOC says to raise gas' share to half of output by 2035
-10/23/2020 5:15:47 PM
China's national offshore oil and gas producer CNOOC Ltd said it aims to raise the share of natural gas to make up half of its total output by 2035 to contribute to a national carbon neutral target by 2060.
Project delays due to COVID-19 put future Australian LNG growth in doubt
-10/23/2020 5:05:29 PM
The operators of Australian LNG projects have widely opted to delay the final investment decisions (FIDs) and have decided to wait for the medium-term market reaction and then act accordingly as per the market situation. This has limited the scope for future LNG growth in the country, says GlobalData, a leading data and analytics company.
EIA forecasts higher-than-average residential natural gas consumption this winter
-10/23/2020 3:17:54 PM
According to October’s Short-Term Energy Outlook, EIA forecasts residential natural gas consumption for the 2020–21 winter season (October–March) to average 21.1 Bcf/d, an increase of 1.1 Bcf/d (5.3%) from the 2019–20 winter average. The higher expected residential consumption of natural gas this winter is primarily related to forecasts for colder temperatures this winter than last winter.
Shell hires Orsted's Brostrom to lead global renewables unit
-10/23/2020 2:43:35 PM
Royal Dutch Shell has hired Orsted's North America chief Thomas Brostrom as senior vice president for its Global Renewable Solutions department starting next year, a Shell spokesman said.
India's new Mundra LNG terminal ramps up utilization as demand rises
-10/23/2020 2:25:57 PM
Having begun operations earlier this year, India’s new LNG import terminal at Mundra is expected to boost utilization from 45% currently to 55% within four to six months, a senior company official said.
Bangladesh scraps another LNG import tender over high prices
-10/23/2020 2:21:07 PM
Bangladesh is cancelling another tender to import LNG in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
Between mid-2019 and mid-2020, the amount of LNG terminal capacity in construction around the world more than doubled.
Executive Viewpoint: Excelerate Energy sees huge new-market potential for FSRUs
-Cal Bancroft
Excelerate Energy is a pioneer and market leader in floating LNG regasification solutions.
Executive Viewpoint: Midstream seeks cost-effective, “fit-for-purpose” solutions amid downturn
-Gregory L. Hall
BCCK Holding encompasses BCCK Engineering Inc., an international natural gas engineering company specializing in nitrogen rejection, nitrogen rejection for landfill gas, NGL recovery, CO2 removal, helium recovery, skidded LNG plants and oxygen removal.
Regional Focus: The role of small-scale LNG in Russia’s energy agenda
-Lorenzo Micucci, John Motta
A number of factors are challenging Russia’s position in the energy markets: the change in the global natural gas landscape, the abundance of gas, expanding LNG trade, and the increased interconnectivity among pipeline systems that makes possible reverse flows.


GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

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