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Good perspectives for the Saudi petrochemical companies
According to the last financial study released by Al-Rajhi Capital, the growth forecast of the Saudi Arabian petrochemical companies is healthy, despite lingering uncertainties in the global economies....
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Shale gas and cash race
On February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per...
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How shale gas reshapes the Oil&Gas and Petrochemical industry
When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the world perceived it as a local matter to help this country to reduce its reliance on...
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Henry Hub
Definition The Henry hub is the pricing point for the natural gas future and spot contracts traded on the New York Mercantile Exchange (NYMEX). Physically the Henry hub is located in Erath, Louisiana,...
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“GTL”
Definition GTL is the acronym of Gas-To-Liquid and refers to the process to convert gas into liquid fuels such as diesel and fuels components such as very high added value synthetic greases and...
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Coal Gasification
Definition The coal gasification is a technology that converts coal into a synthesis gas (or syngas) that can then be used to produce chemicals or other products. The syngas produced from coal is...
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GE and Shenua join expertise for Cleaner Coal technology
Two leaders build energy Market Leadership with coal gasification Shenua Group (Shenua), from China, and GE, from USA, create the new GE Shenhua Gasification Technology Company Ltd., a 50-50 joint...
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“BOE”
Definition BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873...
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Gazprom, Total and Statoil to decide soon about Shtokman
Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs...
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Giant Exxon Baytown complex to get bigger with new cracker
From Shale gas to Polyolefins ExxonMobil implements its integrated business model The Houston based Exxon Mobil Corp. is considering a multi-billion-dollar expansion of its giant petrochemical complex...
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Celanese to build Methanol plant in Houston to reduce Acetyl costs
Shale gas to help Celanese integration business model Celanese Corporation (Celanese) is a global technology and specialty materials company owning and operating a large acetyl complex at Clear Lake,...
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Enterprise to build world’s scale PDH & PGP units in Texas
Enterprise to leverage its midstream Market Leadership with booming downstream in USA Enterprise Products Partners L.P. (Enterprise) is planning to build one of the world’s largest Propane...
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$5.4 billion funding ready to start Cheniere LNG Phase 1
Cheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) provided Cheniere Energy Partners (Cheniere) with $2 billion to finance Sabine...
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