GLG News by Oil and Gas Refining Experts (North America)
Analysis of:
StatoilHydro starts CO2 injections from Snohvit (www.ogj.com)
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.
Analysis of:
Shell considers carbon capture for Browse project (www.ogj.com)
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).
Analysis of:
Exxon Plan is Rejected in Alaska (online.wsj.com)
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.
Analysis of:
Saudis Face Hurdle In New Oil Drilling (online.wsj.com)
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...
Analysis of:
The Greening of Wall Street (www.economist.com)
New coal fueled power plant are far more efficient that old generation coal burning power plant. New coal power plant will integrate in their design the latest pollution control technologies in a more cost efficient manner. New coal power plant have a small carbon print and generate electricity in a...
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:
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...
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