Arrow Energy Ltd. has received environmental approval from the Australian government for construction of its proposed 4,500-km Arrow Bowen project gas pipeline to link its coal seam gas (CSG) fields in the Bowen basin of Queensland to Gladstone on the central-east coast. The buried line received Queensland state government approval in March 2013, but the federal government green-light follows Arrow
Continue Reading ?Statoil exited Azerbaijan’s Shah Deniz gas project on Monday, selling a 15.5-percent stake to Malaysia’s Petronas for $2.25 billion as part of asset sales to shore up returns to shareholders. Like other oil majors, Norway’s Statoil has been selling assets amid rising costs and falling oil prices. It earlier sold a 10 percent stake in Shah Deniz. French oil major Total sold out of Shah Deniz in May saying it would focus on operating projects rather than holding ...
Continue Reading ?Tallgrass Energy Partners LP’s Pony Express Pipeline project is complete. On Thursday, the Leawood-based midstream energy company announced the 690-mile-long crude oil pipeline that runs from Guernsey, Wyo., to Cushing, Okla., is now in commercial service. The pipeline is owned by Tallgrass Pony Express Pipeline LLC. The pipeline transports domestic light crude oil from the Bakken formation in North Dakota and eastern Montana to Cushing, according to the company’s website. A report from the Wichita Business Journal ...
Continue Reading ?Oil and gas engineering group Penspen has been awarded a contract by the Asian Development Bank (ADB) to carry out a technical feasibility study for a proposed 1820 km, 56 in. diameter pipeline from Turkmenistan
Continue Reading ?Kashagan, the world’s most expensive oil project, will have to spend another up to $3.6 billion to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said. Production at the Kashagan reservoir, the world’s biggest oil find in recent times, started in September last year but was halted just a few weeks later after the discovery of gas leaks in the $50 billion project’s pipeline network. Replacing the pipelines ...
Continue Reading ?Fundraising to begin building the subsea stretch of the South Stream gas pipeline from Russia across the Black Sea has been postponed until the first quarter of 2015, Russian news agency Interfax has said. A source at gas exporter Gazprom, which owns half the project, said the schedule had been pushed back from December, Interfax said.
Continue Reading ?China National Petroleum Corp (CNPC) has received government approval for the design of the Chinese section of a giant pipeline that is due to ship $400 billion worth of Russian natural gas to China, the company said on Thursday. China and Russia signed in May a gas supply deal, securing the world’s top energy user a major source of fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine crisis. ...
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