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Coal Gasification moves to Center Stage
May 2, 2011
The nuclear power plant issues presented by the Japanese reactor problems due to a very large earthquake, not foreseen during the plant permitting, and resulting tsunami flooding and todays mercury restrictions by EPA for coal fired power plants put the coal gasification technology on the front line for filling the power vacuum and also improving transportation fuel developments from coal. China is leading the gasification trend.
O'Malley has the touch to acquire valuable refineries for cents on the dollar
December 12, 2010
PBF unit to buy Toledo refinery from Sunoco | www.ogj.com
O&GJ reported that PBF (Petroplus, Blackstone and First Reserve Partners) has acquired the 170,000 bbl.d refinery in Toledo, Ohio from Sunoco or $400 million.
Utopia in Oklahoma for In-Situ Coal Gasification
December 10, 2010
Underground coal gasification proposed for Oklahoma | www.ogj.com
O&GJ reports Clean Coal Energy Ltd of Australia plans to supply syngas from an underground coal gasification project to be located at the mine of Farrell Cooper Mining Co.. in Oklahoma. The customer will be AES for power generation from syngas.
China recognizes value of reversible energy contained in LNG
November 24, 2010
November 11, 2010 | www.airproducts.com
CNOOC Energy Technology & Services Limited in a JV with Air Products have brought on stream at Putian a 600 tons per day of liquid oxygen, nitrogen and argon plant , using the the reversible cold energy contained in LNG. This is a first in China.
Marines need new tank technology in Afghanistan
November 20, 2010
Pentagon confirms sending tanks to Afghanistan | news.xinhuanet.com
The media reported that the Pentagon is sending fourteen M1A1 Abrams tanks to Afghanistan for to aid in the fight against the Taliban.
Courts have to restrict EPA to rewrite laws
October 11, 2010
Shootout at the EPA Corral | online.wsj.com
The WSJ Opinion of 11-Oct, page A11, entitled "Shootout at the EPA Corral" is noteworthy and the outcome in the courts will have a significant positive and/or negative effect on our lame economy.
Statoil and Morgan Stanley to Support PBF Refinery Venture on the East Coast
October 8, 2010
WSJ on 6-Oct, page B1 reported that PBF got life support from Statoil and Morgan Stanley for their acquisition of the Delaware and Pauslboro NJ refineries from Valero.
China investing in global oil & gas reserves
October 4, 2010
Deal Profile: Repsol Sells Brazil Stake to Sinopec for $7.1 Billion | blogs.wsj.com
WSJ reported on 2-Oct page B3 that Sinopec acquired 40% of Repsol's Brazilian assets for $7.1 billion.
China to get lower gas price from Gazprom than EU
September 30, 2010
Russia, China Study Long-Term Gas Deal | online.wsj.com
WSJ reported today by Jacob Gronholt-Pedersen that Russia and China are in negotiations for a thirty year gas supply by Gazprom to China at lower prices than gas to be delivered to the EU.
PAD I in play for refinery investors
September 28, 2010
PAD I, the East Coast Petroleum Administration for Defense District has experienced drastic margin decreases of marketing refineries like Valero and Sunoco and others, leading to refinery closures of about 20% of the PAD I capacity.
Cheniere LNG Saved by Shale Gas
September 15, 2010
Cheniere Wins Approval to Export U.S. Liquefied Natural Gas | online.wsj.com
According to WSJ (10-Sep, Page B$) Cheniere Energy Partners received approval from the U.S. Department of Energy to export about 2 bcfd of LNG from their newly established Sabine Pass Liquefaction subsidiary.
Eagle Ford Shale Exceeds Expectations
September 3, 2010
Enterprise to build 350,000 b/d Eagle Ford oil pipeline | www.ogj.com
Christopher E. Smith of OGJ reported that Enterprise Products Partners LP ("Enterprise") entered into significant long term midstream energy service contracts with EOG, leading Eagle Ford Shale player.
French LNG Terminals provide cushion against Gazprom
September 3, 2010
Fos Cavaou LNG terminal operating at full capacity | www.ogj.com
Doris Leblond of Oil & Gas Journal recently reported that the Fos Cavaou LNG terminal on the Mediterranean coast is now allowed to operate at the full design capacity of 0.80 bcfd. The Terminal is operated by GDF Suez, being partner with 71.99% and Total with 28.10%.
August 31, 2010
WSJ reports today on Page A13, written by Phred Dvorak that Canada is going to control the Northwest Passage and "whoever controls the Arctic can be the next Saudi Arabia".
Kremlin with OAO Rosneft moves West
August 30, 2010
WSJ reported on 27-Aug, page B4 by Guy Chazan that Russian oil giant Rosneft - supported by the Kremlin - is moving toward acquiring a 50% stake in German Ruhr Oel GmbH, a 50-50 joint venture between PDVSA (Venezuela) and BP.
Vestas Wind Turbine Profit Falls
August 26, 2010
BBC News reported that Vestas, the world's largest wind turbine producer, shares have fallen 23% after it reported a second quarter loss of about $150 million.
Shell goes for Ethanol In Brazil
August 26, 2010
Shell, Cosan Sign Binding Deal for Ethanol JV | www.chemweek.com
According to Chemical Week Shell and Cosan (Sao Paulo) announced a binding $12 billion ethanol and transportation fuel joint venture in Brazil.
Nabucco pushed ahead by Geopolitics
August 24, 2010
Nabucco confirms two-feeder routing cuts Iran | www.ogj.com
Oil & Gas Journal reported on 23-Aug that the Nabucco Gas Pipeline International GMBH is moving forward with two feeder lines, one from Turkey to Georgia and the other from Turkey to the Iraqi border. The planned feeder line from Turkey to Iran has been shelved.
August 22, 2010
Reliance Forms Another U.S. Shale Joint Venture | www.chemweek.com
According to Chemical Week Reliance (India) are extending their shale gas investment in the Marcellus Shale acreage and according to WSJ three shale gas firms are for sale.
Whiskey and Bourbon to Biofuels
August 21, 2010
Waste from Whiskey Production Can Fuel Cars | www.chemweek.com
Chemical Week just reported that Edinburgh Napier University scientists have discovered a new process to generate biofuels from whiskey production waste. The whiskey biofuel is 30% more powerful than U.S. corn derived ethanol and requires no engine modification of present motor vehicles.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011