GLG News by Dr. Hans Linhardt, President
GLG News is now G+ Insights
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July 20, 2009
Sasol to establish GTL plant in Uzbekistan | www.ogj.com
Uzbekneftgaz at estimated cost of $2.5 billion. Each party will have an equal share in the JV.
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July 20, 2009
India rejects proposal of carbon limits | online.wsj.com
Indian Environment Minister Jairam Ramesh dismissed U.S. Secretary of State Hillary Clinton's request to accept binding limits on carbon emissions (cap and trade) during their meeting in New Dehli. India rejects the cap and trade approach because it would damage and/or limit its economic growth.
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UNG and Government influence daily NG prices
July 17, 2009
Natural-Gas Prices Slide as a Key ETF Can't Buy | online.wsj.com
WSJ reports a slide of natural gas prices down to $3.283 due inability of U.S. Natural Gas Fund ("UNG") to win regulatory approval to issue new shares, thus preventing UNG to buy new contracts. UNG is a ETF (Exchange Trade Fund) trading house in natural gas. According to Citigroup UNG controls roughly one quarter to one third of Nymex and ICE open interests in natural gas.
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XOM expands and aims for 1 bcfd at Piceance basin
July 16, 2009
ExxonMobil expands Piceance gas-gathering facilities | www.ogj.com
Per the above cited O&GJ article XOM (ExxonMobil) has added 0.2 bcfd gas processing capacity to their Piceance shale gas gathering facilities. Presently the company has seven drilling rigs operating producing 0.10 bcfd mostly from the Mesaverde formation. With subsequent expansions the long term goal is to reach 1 bcfd of gas production. According to XOM the shale gas is "trapped within rock as dense as concrete and in discontinuous zones separated by thin layers of shale".
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July 15, 2009
Two LNG terminals receive commissioning cargoes | www.ogj.com
Gas&Oil Journal News reports today the commissioning of two new land based LNG terminals, one in Chile and the other in the UK. BG Group ("BG") is supplying the contracted LNG to both terminals from their Atlantic LNG trains, located in Trinidad Tobago and has signed supply contracts for twenty years. BG is part owner of both terminals.
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XOM invests in biofuels from algae
July 15, 2009
In Strategy Shift, Exxon Plans $600 Million Biofuels Venture | online.wsj.com
According to the cited WSJ article of today, XOM made a strong financial commitment of $600 million in the advanced algae research of Synthetic Genomics to turn algae into biofuels. This is a serious long range investment and is backed by the well-respected reputation of biologist and biotech entrepreneur J. Craig Venter, the founder and CEO of Synthetic Genomics of La Jolla, California.
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Exxon ("XOM") focus on the future
July 14, 2009
Exxon Shale-Gas Find Looks Big | online.wsj.com
The cited WSJ article reports on XOM's successful Horn River shale gas ("SG") E&P, covering a 250,000 acre lease and now promising to become the best shale play in North America, potentially superseding Louisiana's Haynesville shale. The Horn River shale field is located in northern British Columbia. The XOM exploration of SG in British Columbia is just the tip of the iceberg, representing XOM's focus on the long range global energy business.
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July 14, 2009
Pipeline Project Emerges From Deep Freeze | online.wsj.com
A break-through agreement was signed by five EU nations covering the pipe line stretch from Austria to Turkey. EU shows will and determination to proceed with the pipe line and solve the gas supply contracts during construction.
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BG remains flexible while RDS is tied to Gazprom
July 1, 2009
BG Buys Stake in Exco Shale Assets | online.wsj.com
BG is paying $1 billion to Exco Resources to acquire 50% interest in 120,000 acres in the Haynesville Shale play. BG already has paid Chesapeake $3.6 billion last year for stakes in Arkansas and Oklahoma.
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Coal Seem Methane due to Bacteria ?
June 30, 2009
BP and Synthetic Genomics Develop Bacteria that Convert Coal to Methane | www.chemweek.com
Chemical Week reports BP supports Genomics of La Jolla California for methane research from bacteria more than a mile underground to convert coal into methane.
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Valero wants to harvest CO2 credits with wind farm powering a Texas refinery
June 29, 2009
Valero Harnesses Wind Energy to Fuel Its Oil-Refining Process | online.wsj.com
In the windiest corner of Texas north of Amarillo Valero plans to provide 50 MW of wind power, about 45% of the power needs of their refinery built in the 1930s. Valero is apparently embracing green technology to make more greenbacks in the production of gasoline and diesel in anticipation of the green benefits to be derived from the pending Obama climate legislation.
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June 29, 2009
Exxon Mobil's Weapons of Gas Destruction | online.wsj.com
Exxon has always developed long range economy of scale projects independent of any present gas and or crude speculations. Now their investments in Qatar and Australian LNG projects are going to pay off.
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Modular nuclear reactors for cheap and clean energy
June 25, 2009
The New Nuclear Revolution | online.wsj.com
The next big thing after the internet will be cheap and clean energy according to venture capitalist Bob Metcalfe of Polaris Venture Partners: Nuclear power from mini fission and fusion reactors.
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LNG niche plants advancing in China, fed from domestic NG
June 24, 2009
Contract let for Yinchuan LNG plant in China | www.ogj.com
Ningxia Hanas Natural Gas Co., located in the province of Ningxia adjacent to Mongolia, has just awarded a contract to Technip for the construction of a midsize LNG plant of 100 MMSCFD (0.8 mta). The plant will consist of two 50 MMSCFD trains based on Air Products liquefaction technology. The LNG will be distributed by specially designed trucks to the far away developed provinces on the Chinese East Coast.
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Nuclear power on the front burner
June 23, 2009
U.S. Chooses Four Utilities to Revive Nuclear Industry | online.wsj.com
DOE under management of the Noble laureate and leading nuclear physicist has selected four U.S. utilities to revive the nuclear industry. $18.5 billion are to be split between Unistar Nuclear Energy, NRG Energy Inc., Scana Corp. and Souther Co. for loan guarantees to get their nuclear power plant projects to move ahead and be on line by 2015 to 2016.
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TransMed pipeline extension under discussion
June 8, 2009
France discusses TransMed pipeline extension - Oil | www.ogj.com
Now even France wants to get NG from Algeria via a link from the Galsi pipeline from Algeria to Sardinia and on to Tuscany, Italy. The EU countries are all looking for back-up vs. Gazprom.
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June 3, 2009
Nord Stream station to get large silica-gel plant - Oil | www.ogj.com
Per Oil & Gas Journal of May 29 OAO Gazprom has ordered from Milan based Sirtec Nigi SPA the world's largest silica-gel gas treatment plant for the Nord Stream pipeline project. The gas treatment plant will be located near Vyborg, Russia and will process 6 bcfd of natural gas. After compression the gas will be send through the new 1,200 km Nord Stream subsea pipeline across the Baltic Sea to Greifswald on the German coast.
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LNG Sunrise on the Pacific Rim
June 2, 2009
Kogas, Kitimat LNG sign gas supply agreement - Oil | www.ogj.com
The Kitimat LNG export terminal to be built in British Columbia is scheduled to export 1 bcfd of LNG to the Pacific Rim countries like Korea and Japan. Korea Gas Corp. ("Cogas") has signed an MOU for as much as 40% of the terminal capacity. The low North American NG prices are the driver for the project as well as the returning demands for LNG from Korea and Japan.
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Exxon ahead, even under Obama-Nomics
June 2, 2009
Exxon Looks Best Positioned on Emissions | online.wsj.com
Carbon taxes will be heavier on heavy crude refiners like ConocoPhillips, BP and Shell than on a light crude refiner like Exxon.
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Biomass Power Plants - A Loophole in GHG Accounting
June 1, 2009
Biomass Power Generates Traction | online.wsj.com
Coal fired power plant operators are looking for a smooth solution to escape Obama's green taxes. They believe - according to the above cited WSJ article - they have found the solution with support from Obama's renewable energy funding and tax credits: "Biomass".
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