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Asia Investment Wave Hits North American Shale Plays
July 30, 2010 |
| Following the lead of major IOC’s Exxon and BP, Asian energy companies and investment funds have inked a number of deals granting them access into some of North America’s major shale gas plays. |
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Noble Gas Reserve Upgrade Points To Israeli Energy Independence
June 30, 2010 |
| Noble Energy has boosted the gas reserve estimates for its Israeli acreage, prompting local investor Yitzhak Tsuhva, who owns the controlling stake in local upstream player Delek Drilling, to declare Israel energy independent. |
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Lebanon Eyes LNG Imports For Southern Zahrani
May 28, 2010 |
| Lebanon has turned the clock back 12 years, once again looking to LNG to help meet medium to long term fuel requirements in its chronically short power sector. The country is facing a debilitating energy crisis, just as it did in the late 1990s when import plans were first proposed by a joint venture led by Elf Aquitaine, the French company acquired by Total in 2000. |
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Nigeria's Acting President Pushes Petroleum Bill
April 30, 2010 |
The new law gives preferential treatment to indigenous companies seeking to participate in the country’s oil and gas industry and requires that IOCs hire more Nigerians. This could give the PIB a fillip, as it removes the need for that larger bill to include similar legislation. Also, for the first time the government has awarded licenses for dedicated gas exploration to four companies – Shell Petroleum Development Company, Total Fina Elf, Niger Delta Resources and Nigeria Agip Oil Co. Historically, gas discoveries have been a by-product of exploration activities focusing on oil; a trend for gas-specific exploration could yield significant new reserves.
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Mixed Impact For LNG From Shale Gas Revolution
March 31, 2010 |
It’s no secret that the US gas industry is in the midst of a supply revolution triggered by the unprecedented rise in unconventional production – tight sands, coal bed methane and shale gas. Representing just 15% of US gas output in 1990, unconventional supplies accounted for over 50% of domestic production in 2008, with the absolute volume quadrupling from 75 Bcm/y to 300 Bcm/y. |
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Australian LNG Projects Face Labor Constraints
February 26, 2010 |
With Australia set to dominate the next wave of liquefaction projects, concerns have once again emerged about the ability of the country’s strike-prone labor market to absorb such a large capacity expansion without cost escalation and delays.
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LNG: Cold Spell Raises UK Infrastructure Concerns
January 31, 2010 |
In recent years as the European Union debated ways to decrease its dependence on Russian pipeline supplies, the UK’s own North Sea production allowed it to stay largely on the sidelines even as its fields went into decline and its imports rose. However, the cold snap that hit the country earlier this month has raised concerns about the adequacy of the UK’s gas supply infrastructure and may have acted as a wake up call to bring energy security back to the front of national agenda. |
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Industry Struggles To Absorb LNG Supply Surge
January 04, 2010 |
According to a Strategic Analysis Report, Soaring Supply and Diving Demand, from Poten & Partners LNG Consulting, LNG markets are unlikely to be able to absorb available supply through 2013, even after allowing for some substitution of gas-fired for coalfired power generation. |
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Hess LNG Revives New Jersey’s Crown Landing Terminal
November 30, 2009 |
New import initiatives are rather thin on the ground in North America these days, so the November 3 announcement from Hess LNG that it was taking over BP’s long-delayed and litigation prone Crown Landing project in New Jersey caused quite a stir.
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Mid-scale LNG Touted in Buenos Aires
October 30, 2009 |
Several perspectives on mid-scale liquefaction were presented at the World Gas Conference in Buenos Aires earlier this month, including those from Repsol as a potential project developer and Linde as a technology provider and construction contractor. |
