GLG News by Gasoline Experts

The USA is so focused on gasoline that in my opinion many have lost sight of the fact that the oil market is being led up by strong diesel demand around the world. Oil prices are up roughly 30% since the beginning of 2008, and although the fundamentals in the long term point to higher...

T. Boon Pickens has ordered $2 billion worth of GE 1.5 MW wind turbines for his 1,000 MW Mesa wind power project in Texas. 

The transition of the former Russian prime minister to chairman of Gazprom is proceeding according to Putin's wishes.  The most interesting part of the article is the coinciding announcement that Gazprom has signed a supply agreement with the Candian Rabaska consortium to supply LNG to a LNG terminal...

DOE report discusses feasibility of present wind power generation of 16.8 gigawatts (GW) to 300 GW by 2030, the same amount nuclear power would generate. 

The WSJ article of May 15, 2008 raises a red flag for steel, desperately needed for all oil & gas exploration and downstream projects as well as for shipbuilding and power projects.  As a matter of fact steel producers can only guarantee firm steel prices for two weeks per Trinity Products...

With all commodity prices soaring and the consumer on the street being squeezed from all sides, politicians everywhere are looking to place blame. Speculation on the futures exchanges from the long side is only one of the many reasons that have caused oil prices to rise.

StatoilHydro ("Statoil") is sequestering CO2 to reduce greenhouse effects from their LNG liquefaction plant at Snohvit.  This is a large scale commercial CCS project of interest to all CO2 sequestration planners. 

For the Western Australian Browse floating LNG (FLNG) project Shell is evaluating CO2 capture and geo-sequestration (CCG).  Other parties call it CCS (Carbon Capture and Sequestration).   

The State of Alaska is disappointed in the slow progress of Exxon's development of the Point Thomson natural gas and oil field.  A law suit is simmering about revoking the license for Exxon and partners Chevron, BP and ConocoPhillips. There has to be a solution.

The Khurais field has been studied by Aramco for some time.  2.8 million three-dimensional images have been taken to understand a water flood of the field to pressurize the oil in the tight geological formation.  2.4  million barrels of seawater have to be injected to the low pressure...