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E&Y: New LNG exporters could change pricing status quo

Mar 19, 2013

A broadening of the LNG supply base will support anticipated demand growth in the next 10-20 years, although pricing scenarios are likely to change with more price-sensitive buyers becoming less willing to pay supply security premiums, according to a recent report by Ernst & Young.

ONGC group studies Mangalore LNG terminal

Mar 19, 2013

Oil & Natural Gas Corp. Ltd., Bharat Petroleum Corp. Ltd., and Mitsui & Co. Ltd. are studying feasibility of a 2-3-million tonne/year LNG terminal at Mangalore, on the southwest coast of India.

BLM seeks comments on EOG's proposed Natural Buttes liquids system

Mar 19, 2013

The US Bureau of Land Management is seeking public comments on an environmental assessment of EOG Resources Inc.’s proposed liquids gathering system at the independent producer’s Natural Buttes natural gas leases in eastern Utah.

USCG: LPG being flared from pipeline south of New Orleans

Mar 18, 2013

Crude oil has been removed from a barge that was under tow when it collided Mar. 12 with a liquefied petroleum gas pipeline near Bayou Perot 30 miles south of New Orleans, the US Coast Guard said.

Statoil, ExxonMobil hit more gas on Tanzania Block 2

Mar 18, 2013

Statoil ASA and ExxonMobil Corp. have discovered gas at a third deepwater well, estimated to have 4 to 6 tcf of gas in place, on Block 2 offshore Tanzania.

End the export ban

Mar 18, 2013

The US should scrap its antique prohibition against the export of domestically produced crude oil. The sole argument for retaining the export ban is unsound.

Price volatility is not a reason to block LNG exports

Mar 18, 2013

Message to opponents of US exports of LNG: Price volatility is part of the energy business. Deal with it.

Senate follows House with Keystone XL jump-start bill

Mar 15, 2013

US Sens. John Hoeven (R-ND) and Max Baucus (D-Mont.) said they will introduce legislation to bypass the White House and federally approve the proposed Keystone crude oil pipeline’s cross-border permit. Their Mar. 14 announcement came a week after House Energy and Commerce Committee members released a similar proposal (OGJ Online Mar. 11, 2013).

India's gas pipeline mileage set to double

Mar 15, 2013

Projects in various stages of implementation will more than double the length of India’s natural gas pipeline system, according to the minister of petroleum and natural gas.

USCG responds to tug, LPG pipeline fire south of New Orleans

Mar 14, 2013

A tug and barge collided with a liquefied petroleum gas pipeline near Bayou Perot in Lafourche Parish, 30 miles south of New Orleans on Mar. 12, resulting in a fire involving the barge and the pipeline.

PetroJunin JV starts up first Orinoco oil producing well

Mar 14, 2013

The PetroJunin joint venture between Venezuela’s PDVSA and Eni SPA has started heavy oil production from the first well in Junin-5 giant heavy oil field in the Orinoco belt.

Genel working to debottleneck Iraq Taq Taq oil output

Mar 13, 2013

Taq Taq field, in central Iraq 50 miles east-southeast of Erbil, is the Kurdistan region’s largest oil producing field, notes operator Genel Energy PLC.

Iran-Pakistan gas line groundbreaking held

Mar 13, 2013

Government leaders have held a ceremonial groundbreaking for the long-planned pipeline to carry natural gas from Iran to Pakistan (OGJ Online, Aug. 25, 2009).

EPP plans Gulf Coast ethane system

Mar 13, 2013

Enterprise Products Partners LP (EPP) said shipper commitments support development of a 270-mile pipeline header system for delivery of ethane to US Gulf Coast petrochemical plants from the company’s storage complex at Mont Belvieu, Tex.

House members offer proposal to jump-start Keystone XL approval

Mar 11, 2013

US House Energy and Commerce Committee members released a discussion draft of legislation designed to jump-start approval of the proposed Keystone XL crude oil pipeline project.
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