US to rival Russia in European LNG supply
With the boom in shale gas production in the US, the country is anticipated to challenge Russia's LNG monopoly in Europe by the end of the decade. Europe is becoming increasingly reliant on imports.
February 24, 2014Continue reading...Shell agrees sale of downstream businesses in Australia to Vitol
Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion).
February 21, 2014Continue reading...UOP to provide process technology for new China propylene complex
UOP, a Honeywell company, received a new license agreement for the Oleflex propylene technology.
February 20, 2014Continue reading...CF awards construction work to CB&I for Louisiana fertilizer expansion
CB&I will perform construction and component fabrication for CF Industries' new urea ammonia nitrate and nitric acid units, offsites and utilities at its complex in Donaldsonville, Louisiana.
February 20, 2014Continue reading...British Columbia proposes tax on LNG exporters
Profits from LNG projects will be taxed at an initial rate of 1.5%, Michael de Jong, finance minister for the nation’s westernmost province, said as the government released its budget.
February 20, 2014Continue reading...Rosneft, GE form Russian engineering partnership
The first phase of Rosneft and GE's partnership would involve the creation of two specialized research and training centers in Russia, with investment of up to $400 million through 2020.
February 18, 2014Continue reading...Fluor Selected for Clean Fuels Project in Kuwait
Fluor Corporation announced today its joint venture team was selected by Kuwait National Petroleum Company (KNPC) as the preferred bidder to design, construct and commission the Mina Abdullah Package 2 Clean Fuels Project in southern Kuwait. Fluor expects to book its undisclosed portion of the project value in the company’s first quarter of 2014.
February 18, 2014Continue reading...Yokogawa Wins LNG Carrier Control System Order for Ichthys LNG Project in Australia
Yokogawa Electric Corporation announces that it has received an order from Kawasaki Heavy Industries, Ltd. to supply the control system for an LNG carrier that is being built for the Ichthys LNG project* in Australia.
February 17, 2014Continue reading...Statoil, BG Group to build Tanzania’s first LNG plant
Statoil, which has discovered as much as 20 trillion cubic feet of natural gas in Block 2, and BG, which says recoverable volumes are as much as 15 trillion cubic feet in three neighboring blocks, plan to build an LNG plant to export gas to Asia, profiting from rising demand in the region.
February 17, 2014Continue reading...Petronas approves FID on second FLNG project
Petronas has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia.
February 14, 2014Continue reading...
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