GLG News by LNG Experts

Washington Editor Nick Snow of the Oil & Gas Journal reported on December 30 that the Securities and Exchange Commission (SEC) has approved new reserves reporting requirements for oil and gas producers. The SEC will recognize that technology now allows reserves to be created that could not have...

The monthly revision in the LNG price in Petronet's contract with RasGas from January 2009 was agreed when the pricing arrangemnets were finalised in 2001 and will take place routinely. RasGas agreed to  five years of fixed prices ($2.53/MMBtu FOB Qatar) after start-up of deliveries in January...

Premier forecasting firm - FTR Associates - is predicting declining freight and truck build numbers through 2010. They say we are experiencing a 4-6% (annualized) fall in GDP during this quarter - added to a decline in the three previous quarters. The freight market is forecast to fall for seven consecutive...

Motor gasoline is a wasteland in the US while diesel offers opportunity for all players. Ethanol from the US and Brazil plus demand destruction plus CAFE point to large capacity for motor gasoline over supply in the US.  EU supply into US only exacerbates the already bad situation. Diesel...

Kuwait's Supreme Petroleum Council (SPC) disapproved the K-Dow venture of KPC and Dow whereby KPC was ready to pay $7.5 billion for a 50% stake in Dow plants and technology for commodity plastics and other basic chemical commodity products to be derived from Kuwait's petroleum and natural gas resources....

Exxon has spent the last two decades developing their own expertise and patent position for capturing and storing of carbon-dioxide.  In case CO2 emissions are the real cause of global warming, Exxon will have the key technology to combat the problem and will thereby derive significant economic...

Bloomberg News reported in the December 23 issue of the International Herald Tribune that Prime Minister Vladimir Putin will greet energy ministers next Tuesday in Moscow. Russia seeks to play a leading role in coordinating price schedules for the 14 members of The Gas Forum. This meeting has been delayed...

The Rigzone Newsletter reported on December 17 that ExxonMobil Corporation has designed and built a liquefied natural gas (LNG) carrier with a total capacity of 266,000 cubic meters. The standard size of an LNG carrier is 140,000 cubic meters, a design that has prevailed for more than 30 years. The...

•Independent and privately owned Irving Oil Ltd. of Canada, headquartered in St. John New Brunswick has led contract to Fluor Canada for the front end engineering and design (FEED) for a new 300,000 bpd refinery.  The refinery will be located 65 miles from the US border.  The estimated...

Operators buy retail services and sell hydrocarbons wholesale.  They need to acquire service and supply firms, especially drilling contractors.