There is no natural gas pipeline in Putney, Vermont, but, at the end of March 2013, Soundview Vermont Holdings LLC began using natural gas instead of oil as boiler fuel for its recycled tissue, towel, and napkin operation in Putney. The Putney facility has been using natural gas in its boilers continuously since March 28th. [...]
US energy companies will benefit from the US becoming an exporter of liquefied natural gas (LNG) over the next several years, says Moody’s Investors Service in the report “The Prospect of US LNG Exports Influences Pricing and Gas Markets Worldwide.” Those who will gain the most from the US exports, however, will be buyers in [...]
May 2, 2013 | Posted in
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During Gas Week in the European Parliament, gas infrastructure companies GRTgaz (France) and Swedegas (Sweden) joined the initiative by Gasunie (The Netherlands), Energinet.dk (Denmark) and Fluxys Belgium (Belgium) to deliver a carbon neutral gas supply by 2050. In signing the common commitment, the companies agree to work together across borders in order to exchange knowledge [...]
In early 2013, Sinochem, a Chinese company, entered into a $1.7 billion joint venture with Pioneer Natural Resources to acquire a stake in the Wolfcamp Shale play in West Texas. This investment highlights a renewed trend toward foreign joint ventures. Since 2008, foreign companies have entered into 21 joint ventures with U.S. acreage holders and [...]
Fitch Ratings believes operating margins for North American chemical companies might see compression from currently robust levels should natural gas exports rise meaningfully. However, North America is likely to remain a cost-advantaged production center relative to most other regions, particularly Europe. An alliance of chemical, basic material, and utility companies (Alcoa, American Public Gas Association, [...]
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Shell is ready to invest several hundred million dollars in emerging technology companies, with the aim to accelerate the deployment of innovations that add value to the company’s operations. From smarter exploration processes to enhanced extraction techniques, Shell’s corporate venturing arm Shell Technology Ventures will make investments over the next six to eight years. Gerald [...]
There is considerable interest in liquefied natural gas, LNG, in shipping and Swedish industry. This is revealed in a market screening conducted by Swedegas. New, stricter environmental stipulations for maritime fuel in Swedish waters from 2015, coupled with the need in industry to switch from oil, are the main reasons for changing to liquefied natural [...]
More than 400 Iranian companies are taking part in the development of the South Pars gas field through supplying equipment to related projects, the Shana News Agency quoted South Pars Gas Company’s managing director Ali-Akbar Shabanpour as saying. He added that the company has placed the priority on providing the necessary equipment through domestic suppliers, [...]
As Baltic Times reports, the Lithuanian state-owned Klaipeda State Seaport Authority and Klaipedos Nafta, on July 05 inked a cooperation agreement on an LNG terminal construction. “I am happy that an agreement was reached and rational and appropriate decisions were made. The agreement allows us to move forwards and smoothly continue the construction of the [...]
Queensland gas companies have now signed more than 2600 access agreements with landholders according to quarterly data released by the Australian Petroleum Production and Exploration Association (APPEA) today. APPEA Chief Operating Officer Eastern Region, Rick Wilkinson, told the Brisbane Mining Club that gas companies have also contributed $70 million to regional communities from funding for [...]
