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natural gas

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Gas Drillers Go Rigless As Price Collapse Heralds Austerity Era

April 10, 2016

Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging. Explorers have idled drilling equipment at historic rates — a drop in prices has resulted in the fewest rigs in at least three decades searching for new output. Southwestern Energy Co., the third-largest U.S…. Continue Reading »

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DNV: Six New Technologies to be Deployed in Upstream by 2025

April 7, 2016

The year 2025 will see an upstream oil and gas industry where technologies such as fully-automated drilling operations, autonomous inspection of pipelines and the rig-less plugging and abandonment of wells will be in operation. So says a new report by Norway’s DNV GL – a technical consultant to the oil & gas, energy and maritime… Continue Reading »

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ONGC Board Approves $5B Investment In East Coast Oil And Gas Asset

March 30, 2016

India’s Oil and Natural Gas Corporation has approved an investment of 340 billion rupees (about $5 billion) over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy. Earlier this month, a top company official said ONGC would unveil… Continue Reading »

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Gassco Presents New Management Team

March 30, 2016

Gassco, a Norwegian operator of gas pipes transporting natural gas from the Norwegian Continental Shelf to Continental Europe and Great Britain, has introduced its new management team which takes over today, March 29. Gassco’s new management team includes Øystein Rossebø, responsible for development and innovation, and Inghild Storesund, head of finance and improvement processes. In… Continue Reading »

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Israel’s High Court Strikes Down Government Natural Gas Plan

March 30, 2016

Israel’s High Court blocked the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that complicates plans to develop the country’s largest field and conclude export deals. The court said late Sunday that it objected to the so-called stability clause that would have prevented major regulatory changes for 10 years, inserted… Continue Reading »

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Shell’s GameChanger Program: Turning Frogs into Princes

March 30, 2016

Royal Dutch Shell plc established its reputation for ground-breaking innovation with the design and construction of the world’s first commercial liquefied natural gas (LNG) plant in Algeria in 1964. Today, the need to be ever more innovative is crucial, given the crash in oil and gas prices, which is forcing extreme cuts throughout the industry… Continue Reading »

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Israel Energy Minister Sees Gas Spat Ending In A Couple of Months

March 29, 2016

Israel’s energy minister said on Tuesday he believes recent turmoil in the country’s natural gas sector will be resolved within a couple of months, before too much damage is done. Israel’s highest court this week barred the government from giving a 10-year guarantee to energy companies interested in developing the Leviathan offshore gas field. The… Continue Reading »

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Device Merges Gas Chromatography, Mass Spectrometry

March 29, 2016

A new universal petrochemical analyzer combines the speed of ballistic gas chromatography (GC) with the ability of high-pressure mass spectrometry (HPMS) technology to identity molecules at lower limits. Officials with Boston-based 908 Devices Inc. are seeking to “democratize” chemical analysis with mass spectrometry by freeing it from its Achilles heel, the complex vacuum pumping system…. Continue Reading »

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Malaysian PM: PETRONAS Has Been Resilient in Dealing with Downturn

March 23, 2016

Malaysian Prime Minister Najib Razak said Tuesday in the opening speech of the Offshore Technology Conference (OTC) Asia 2016 in Kuala Lumpur that the country’s national oil company (NOC) – Petroliam Nasional Berhad (PETRONAS) – has been resilient in dealing with challenges it faced in the current industry downturn, citing the recent unveiling of its… Continue Reading »

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TransCanada To Buy Columbia Pipeline Group For $10.2B

March 23, 2016

TransCanada Corp. agreed to buy Columbia Pipeline Group Inc. for $10.2 billion, expanding its reach in the U.S. natural gas market. TransCanada will pay $25.50 a share to Columbia holders, representing a 10.9 percent premium to Columbia’s closing price on March 16, and will also assume about $2.8 billion of debt, it said in a… Continue Reading »

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