GLG News by Dr. Hans Linhardt, President
GLG News is now G+ Insights
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February 2, 2010
Exxon Dives Deep Into High-Risk Exploration | online.wsj.com
WSJ today admires Exxon for high-risk exploration around all of the globe, including the Arctic. Exxon is ahead of their competitors in real investment.
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LNG Exports from North America - Import/Export Terminals on the Gulf Coast
February 1, 2010
Kitimat LNG to be majority owned, operated by Apache unit | www.ogj.com
Kitimat LNG Inc. is proceeding with a 700 MMSCFD or 5.4 million tonnes per year LNG export terminal that was initially projected as an import terminal of Alaskan LNG. Export of new LNG from NA may become a reality.
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January 29, 2010
Valero Backs Off as Oil Refining Turns Sour | online.wsj.com
Valero Energy is trying to selling as many refineries as possible as oil refining turns sour. One of the larger refineries on the block is the Delaware refinery of 210,000 bbl/d capacity.
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January 21, 2010
Gases Firms Develop Next-Generation Green Products, Plug into CCS | www.chemweek.com
The leading industrial gas companies like Linde, L'Air Liquide, Air Products and Praxair are jumping on a possible $90 billion CCS (carbon capture sequestration) opportunity due to government GHH regulations all over the world.
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Refinery Business under Margin Squeeze - Job Cuts
January 21, 2010
Chevron to Cut Refining Jobs | online.wsj.com
Chevron today announced in WSJ to plan to reduce downstream refining jobs and related markets due to unacceptable low refining margins in the present economic and regulatory environment..
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LNG Contracts Harder to Finalize
January 5, 2010
Woodside Loses PetroChina Deal | online.wsj.com
Petrochina Co. let their agreement expire for 0.38 bcfd ( 3 mta) of LNG from Woodside Petroleum Ltd. and it's partners Chevron Corp., BHP Bilton Ltd., BP PLC and Royal Dutch Shell PLC. The LNG would have been delivered from the Browse field in the Indian Ocean North West of Northern Australia.
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Supreme Court has to Reject Pending Cap and Trade Energy Bill
December 31, 2009
French Court Rejects Carbon-Emissions Tax, Dealing Blow to Sarkozy | online.wsj.com
The constitutional court of France rejected a new carbon tax because the of a "breach of the principle of tax equality" with too many arbitrary exemptions and an undue tax load on the average citizen. The exemptions were made by the Sarkozy government because the carbon tax would hurt the French industry.
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Oil Mayors are Peeking at Surface Energy
December 30, 2009
Shell, Other Oil Firms Bolster Biofuels Spending | online.wsj.com
RDS, BP and Exxon are selectively supporting plants-to-fuels opportunities - also called biofuels - as long as the plants do not belong to the human food chain.
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EPA missed CH4 and incorrectly declared CO2 a pollutant
December 29, 2009
A Fast, Cheap Way to Cool the Planet | online.wsj.com
Today's WSJ article by Robert Watson and Mohammed El-Ashry, both internationally recognized climate experts, is refreshing and ecouraging. Now with "Climategate" behind us scientists can point to realistic and economical solutions to cool our planet within ten years if really required. The answer is to control methane ("CH4") and not CO2.
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U.S. Has to Rebuild Nuclear Infrastructure
December 28, 2009
Korean Team to Build U.A.E. Nuclear Plants | online.wsj.com
GE lost a $20 billion nuclear power plant competition in the UAE to a Korean led consortium. Westinghouse, now 65% owned by Toshiba provided the reactor technology and will also furnish key equipment for the four 1,400 MW nuclear plants.
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LNG Future Prices will Increase from the United Arab Emirate
December 27, 2009
South Korea wins landmark Gulf nuclear power deal | finance.yahoo.com
The United Arab Emirate has recognized their internal increased demand for power from natural gas and has now contracted with a consortium from South Korea for four 1,400 MW nuclear reactors to be operational by 2017 to cover their future electricity demand of 40,000 MW by 2020.
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NG is the Energy Solution and not Renewables
December 21, 2009
Associated Press | hosted.ap.org
The AP reference reads "Gas could be the cavalry in global warming fight". This is a significant admission by the liberal press to reality.
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LNG and LIN can be Alternative Fracturing Methods for Shale Gas
December 18, 2009
Exxon Can Stop Deal if Drilling Method Is Restricted | online.wsj.com
Exxon was very careful in formulating their deal to acquire XTO, one of the largest independent US shale gas developers. As a matter of fact, in anticipation of potential government interference in the sound and advanced hydraulic fracturing ("fracking") techniques underlying the shale gas plays Exxon put language in their deal to back out in case government (EPA. etc.) make hydraulic water fracking illegal and/or commercially impracticable.
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Shell is losing downstream presence in Asia
December 4, 2009
Shell Exits Talks to Join China Refinery | online.wsj.com
Royal Dutch Shell ("Shell") walked away from the opportunity to be a partner with Sinopec and KNPC for a new 300,000 bbl/d refinery complex planned for China in the Guangdong province.
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Science will Prevail and EPA has to Rescind CO2 Pollutant Finding
December 3, 2009
Climategate: Science Is Dying | online.wsj.com
Daniel Henninger of Wall Street Journal sees true science - as we know it - dying, being subjugated by postmodern environmental ideas known as "the precautionary principle", vigorously being pursued by the "Climategate" climatologists and their "close enough" executives at the EPA. Of course, science - Galileo - proved the inquisition wrong and true science will survive and demand credibility of all science findings affecting the world population and their economies.
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Cap and Trade is a Scam based on Pseudoscience and Liberal Politics
December 1, 2009
The Climate Science Isn't Settled | online.wsj.com
Professor Richard S. Lindzen of MIT spoke up toady that the climate issues are not settled. The fudging of data and restriction of serious climate scientists with non conforming views from peer reviews for publication is an unforgivable scandal. The UN has to review their sources for their so-called climate consensus.
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Shell in Competition with Exxon in Asia
November 16, 2009
Qatar Petroleum buys assets from Shell Singapore | www.shell.com
Shell had to sell downstream petrochemical assets in Singapore to Qatar Petroleum to compete with Exxon.
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ENI and U.S. natural gas players deserve more recognition
November 10, 2009
Eni Faces Threat to Lucrative Gas Network | online.wsj.com
ENI is a major natural gas supplier to the EU. However, the EU bureaucrates threaten to force separation of upstream and downstream oil& gas activities of ENI in order to generate more competition for gas delivery to the EU.
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November 9, 2009
Contract let for coal gasification plant | www.ogj.com
Siemens Energy secured a licensing and equipment contract from Tenaska Energy Inc. , Omaha for a commercial-scale coal gasification plant with CCS features to be located in Taylorville , Illinois. The plant output is synthetic natural gas ("SNG"). The project budget is $3.5 billion with a potential gross capacity of 730 MW.
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LNG Distribution to Solve Logistical NG Issues in Alaska
October 27, 2009
Palin Successor Focuses on Energy Agenda | online.wsj.com
The new Alaskan Governor Sean Parnell has to focus on the oil & gas dependent economy. The $30 billion TransCanada pipeline is far in the future and more gas production at the Cook Inlet is required together with new distribution plans to cover all the remote towns and settlements in Alaska. Of course, oil exploration in the Alaskan OCS could recover up to 27 billion barrels of oil and cement a solid Alaskan economy.
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