Posts Tagged ‘gas fields’

Tanzania to monetize gas with power plant and downstream industries

Tanesco awards Mtwara Power Plant to Symbion-GE The Tanzania National Electrical Supply Company (Tanesco) signed a $1 billion contract with the US consortium of Symbion Power (Symbion) and the technology company General Electric International (GE) for the team of the Mtwara Power Plant and the expansion of the electrical power […]

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Eni and Anadarko in parallel talks for partnership in Mozambique

Eni ready to sell 20% stake in Rovuma to CNPC Although Eni from Italy and Anadarko Petroleum  (Anadarko) from US had decided to team up in the onshore part of Mozambique liquefied natural gas (LNG) project, the both companies are searching for separated partnerships to develop the super-giant natural gas fields of the Rovuma […]

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BASF and Gazprom swap assets in a strategic move

BASF runs into upstream while Gazprom goes west On November 12th, 2012, the German chemical company BASF and the Russian Gazprom signed a binding basic agreement to swap assets estimated of the same value. The assets selected to support the swap reflect the strategy of both companies:  – BASF to increase […]

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Mustang wins FEED for Saudi Aramco Midyan gas field

Saudi Arabia to switch on Power Generation from Gas With oil price running steadily around $100 per barrel, the use of crude oil to feed Power Generation appeared more and more as a luxurious solution. Saudi Aramco launched a vast exploration and production campaign to identify all potential gas fields […]

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Aker and CB&I design $5.6 billion Spar for Statoil Aasta Hansteen

Statoil, ExxonMobil and ConocoPhillips rename Luva project into Aasta Hansteen During the concept selection Statoil estimated the development capital expenditure in the Aasta Hansteen field  (formerly named Luva) at some $5.6 billion (NOK 34 billion). With a total hull weight of 45,000 ton, a length of 193 meters and a draught […]

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Sulfur may cost $600 million extra in Wasit Gas Project

Saipem submitted $600 million change order to Saudi Aramco The Wasit Gas Development Program represents $4.6 billion capital expenditure to build an onshore grass-roots Central Processing Facility (CPF) to process 2.5 billion cf/d of gas from the Arabiyah & Hasbah offshore fields and produce approximately 1.75 billion cf/d of sales […]

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“NGL”

Definition NGL is the acronym of Natural Gas Liquids. These Natural Gas Liquids are also called Condensates and refer to the non-methane hydrocarbon gas such as Ethane, Propane, Benzene, Butane or Pentane which stand at liquid state within the reservoir at underground pressure. Comments While being at liquid state in […]

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