News

NET Mexico wins approval for pipeline to transport natural gas across the border

An affiliate of Houston-based NET Midstream LLC has received approval from the Federal Energy Regulatory Commission to build and run a pipeline delivering Eagle Ford Shale natural gas to Mexico. The company

Continue Reading ?

CNPC buys Petrobras’ Peru business for $2.6 billion

China National Petroleum Corporation (CNPC) will buy Petrobras’ business in Peru in a $2.6 billion deal that expands China’s footprint in Latin America’s oil patch and will help bolster the Brazilian state-owned company’s balance sheet as it faces mounting financial pressure at home. « We think this is a mutually beneficially deal for cash-strapped Petrobras, which is focusing on commercialising domestic deep-water projects, and for PetroChina, which increases its overseas upstream footprint, »

Continue Reading ?

Gas pipeline from Russia to South Korea is still possible

Construction of a natural gas pipeline from Russia to South Korea is still possible despite obvious difficulties in its implementation and the development of new Russian LNG projects aimed at Asian exports, President Vladimir Putin said Tuesday. Russia is actively developing LNG projects, including in the northern Yamal Peninsula and in its Far Eastern regions, in the proximity to South Korea, but supplies of pipeline gas to this Asian country are also possible, Putin said in an interview with ...

Continue Reading ?

India

With India expressing its willingness to export gas to Pakistan and the state-run GAIL India terming it as a feasible project, Pakistan has asked India to re-consider the high gas price it is asking while India has sought sovereign payment guarantees before entering into any contract. Officials in the Petroleum Ministry said that while Pakistan is ready for import of gas from India through a 110-km pipeline, it has asked India to re-consider the price of gas. India has ...

Continue Reading ?

OPEC oil output hits 2-year low in October

OPEC

Continue Reading ?

Mongolia pushing for rail, pipeline links with China, Russia

Mongolia has agreed to establish a working group with China to oversee the construction of new road, rail and pipeline infrastructure connecting the two countries with Russia, a member of a Mongolian government delegation to Beijing said. The official, speaking to Reuters on condition of anonymity, said landlocked Mongolia aimed to become a  » transit corridor » to facilitate trade between its two giant neighbours and reduce the costs of delivering Russian commodities like oil and natural gas to ...

Continue Reading ?

Contracts for natural gas pipeline through Florida get initial OK

A $3.5 billion, 600-mile natural-gas pipeline system that will stretch from Alabama into Florida is still in the planning stages, but homeowners near the Ichetucknee and Santa Fe rivers are concerned because the routes being proposed might run through their neighborhoods. Florida Power & Light selected Sabal Trail Transmission to construct a pipeline that will wind from southwest Alabama through Georgia to a Central Florida hub, from which point another company will build a pipeline that runs into Martin ...

Continue Reading ?

Armour achieve shale gas first in Australia

ARMOUR Energy has become the first Australian company to flow gas from shale using the fracking technique that has revolutionised US energy markets. Armour announced it had successfully received continuous gas flows from the well in the Lawn shale formation in north-west Queensland. Armour announced that it was the first successful gas flows in Australia from a horizontal fracked well, which is the drilling technology that has driven the US shale revolution. The boom in shale gas ...

Continue Reading ?
Page 61 of 73 «...3040505960616263...»