GLG News by Gasoline Experts
Analysis of:
Cleaner Air Means a Warmer Europe (www.spiegel.de)
Europeans have finally recognized you can not just attack one single variable and achieve freedom fro global warming. For example, legislating clean air - no particulates - increases sunlight penetration, resulting in increased surface temperatures. Humans do not understand how earth compensates...
Analysis of:
Akgeria to Seek Short-Term Gas Deals (online.wsj.com)
Algeria is the fourth largest natural gas (NG) exporter being as LNG and/or by pipeline to Spain and Sardinia. Since the LNG developments in the seventies for export to the US East Coast and UK, Algeria's oil & gas company Sonatrach worked with long term contracts. Trying to align NG...
Analysis of:
Petrobras Reports Major Offshore Oil Find (online.wsj.com)
The state run oil company Petroleo Brasileiro SA. (Petrobras) appears to be close to a second offshore oil strike containing as much as 33 billion barrels in oil equivalent. The discovery is in the "presalt area" at ocean depth of more than 6,500 feet and beneath additional 9,800 feet of sand and rock. There...
Analysis of:
Nippon Oil to shutter Toyama refinery (www.ogj.com)
Refiners without VGO and residuum conversion capacity are going to face a difficult future. Gasoline and diesel sulfur specifications have been reduced in many parts of the world and will continue to be more restrictive. Bunker fuel will also have lower sulfur specifications in the future forcing refiners...
Analysis of:
Alberta adjusts New Royalty Framework (www.ogj.com)
The Alberta government had started to discourage drilling, especially for natural gas with their last year's published "New Royalty Framework". Now, they have realized the "unintended consequences" and are changing the royalty and tax structure to encourage deep exploratory wells for oil and deep and...
Analysis of:
Shell's future in Nigeria in doubt (www.guardian.co.uk)
The government of President Umaru Yar'Adus is tightning the screws on Shell. Funds are withheld from the production-sharing agreement up to $1 billion and the government does not pay it's part for reduction of natural gas flaring. The resulting unrest of local communities to pollution from...
Analysis of:
Nippon Oil to shutter Toyama refinery (www.ogj.com)
Nippon Oil is closing their small and low complexity Toyama refinery due to lack of process units to convert heavier crudes and high costs in a market with overcapacity.
Analysis of:
Biofuel startup slow going as slow as molasses (www.chron.com)
For a number of very good reasons, the author posits that producing ethanol from sugar makes much more sense that making ethanol out of corn. Few can argue that converting sugar to ethanol is more efficient than converting starch to sugar and then to ethanol. However, I think that part of the story...
April 11, 2008
Mexico's oil production needs to be sustained as well geopolitical attention paid to all of South America
Analysis of:
Mexico's Allure to Big Oil is Uncertain (online.wsj.com)
Mexico's oil production needs to be sustained as well geopolitical attention paid to all of South America
Mexico needs to attract expertise of the international oil companies to reverse the decreasing crude production of the country. One third of the Mexican government's budget has to be provided by oil, PEMEX. Of course, the Mexican constitution does not allow profit sharing in oil production...
Analysis of:
Gazprom and Eni prepare to join forces to pipe natural gas from Lybia to Europe (www.iht.com)
ENI, the Italian Oil & Gas Company needs Gazprom's help to move natural gas (NG) by pipeline from Libya to Italy. Of course, Gazprom will control this new avenue of NG to Southern Europe.
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