GLG News by Gasoline Experts

Australia has taken coal serious by passing the Australian Offshore Petroleum Amendment Bill, regulating carbon dioxide capture and storage (CCS).  Australian Production & Exploration Association (APPEA) has fought for this bill in order to protect the property rights of existing petroleum...

Oil & Gas Journal reports that Gazprom plans to form a joint venture with Qatar Liquefied Gas Co.,Ltd. and the National Iranian Oil Co. for gas production in the Iranian South Paris field and liquefy the gas in Qatar at the Las Raffan site.  The gas would be piped from Iran across the Persian...

The grandiose Nord Stream pipe line project, connecting Russia via two Baltic underwater pipe lines with Germany has been delayed due to increased construction costs, lack of sufficient gas capacity and lack of financing.  Of course, Putin will not admit any Russian problems but puts the blame...

Chesapeake Energy, the largest US unconventional natural gas producer, has sold 32.5% of its shale gas ("SG") assets in the Marcellus shale region in Pennsylvania, West Virginia and New York.  Statoil has agreed to pay $3.38 billion.  $1.25 billion would be in cash and $2.125 billion is to...

The Renewable Fuels Standard provides a baseload of demand for ethanol and biodiesel. However, the lower oil prices have impacted the economics for discretionary blending and could limit the continued growth in use of these alternative fuels.

During the middle of the summer in 2006, refining economics began to be turned upside down. NYMEX Heating oil futures prices and cash diesel prices were higher than NYMEX gasoline prices. This phenomena ended in February of 2007 but reappeared once in again by August and have remained with...

Suzlon of India, the number five wind turbine manufacturer has run into serious technical troubles: a 140 foot long turbine blade just now broke of a wind tower in Illinois, while Suzlon is in the process to replace 1,251 turbine blades due to blade cracks in their US wind turbine fleet. ...

Putin sent a twelve member delegation to a premature meeting in Alaska, including  Gazprom's chief executive Aleksei Miller and deputy director Aleksandr Golubyev, like Putin a veteran of the KGB. The delegation did not meet with Governor Sarah Palin but with Tom Ivan, the commissioner of the Department...

Exxon is moving systematically ahead with their PNG LNG project to be located near Port Moresby.  The FEED (Front End Engineering) has been completed and Exxon has shortlisted Bechtel and Chiyoda for bid on the EPC contract.  Construction is to start in 2010, and plant start-up is expected...

EU realizes in the face of the global banking crisis and their success in intervention that present carbon-reduction targets may now not be affordable.