Page 76 - எண்ணெய் மற்றும் வாயு பெட்ரோலியம் செய்தி நிகழ்வுகள் கதைகள் கட்டுரைகள் பகுப்பாய்வு வர்ணனை தலைப்புச் செய்திகள் ஸ்டாக்ஸ் நிதி பொருட்கள் வரைபடங்கள் படங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the .
Malaysia aims to consume more natural gas domestically and increase its LNG exports.
Several exploration and production companies have made significant oil and gas finds offshore Malaysia since the beginning of the year. The discoveries support the country’s goal of using natural gas for more domestic consumption as well as increasing its LNG exports.
State-run Thai explorer PTEEP (BK: PTTEP) said on February 10 that it had discovered its
largest gas find yet some 56 miles (90 kilometers) offshore the Malaysian state of Sarawak. The appraisal well showed more than 1,960 feet (597 meters) of proven net gas pay, PTTEP said, adding that well tests showed a flow rate of 50 million cubic feet of gas per day. Project partners include its operator, a PTTEP subsidiary, with a 42.5-percent stake, Kuwait’s KUFPEC, also a 42.5 percent stake, and Malaysian national oil and gas company Petronas (KLSE: PETGAS), at 15 percent.
From left, Excelerate s Steven Kobos, Albania Infrastructure and Energy Minister Belinda Balluku, and ExxonMobil s Ed Austin sign the MOU to study an LNG-to-power project. PHOTO SOURCE: Excelerate Energy L.P.
Excelerate Energy L.P. reported that it, along with ExxonMobil LNG Market Development Inc., signed a memorandum of understanding (MOU) March 12 with Albania’s government to conduct a study assessing and evaluating the potential of developing an LNG project in the Balkan country.
The pre-feasibility and feasibility study will explore the potential of an integrated LNG-to-power project in the Port of Vlora in Southern Albania, Excelerate noted in a written statement emailed to Rigzone. The firm, which specializes in floating LNG regasification, explained the potential development would entail converting and/or expanding the existing Vlora thermal power plant and establishing small-scale LNG distribution to Albania and elsewhere in the Balkans region.
Here is a preview of what to watch in the oil and gas markets this week.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Much of the discussion about the energy transition references renewables such as solar and wind, but one informed market-watcher tells Rigzone that a more conventional resource – natural gas – will increasingly become a driving force behind the shift. Keep reading for his rationale, along with other insights about other oil and gas market trends to watch.
Tom McNulty, Houston-based Principal and Energy Practice leader with Valuescope, Inc.: Natural gas will become more and more the topic of discussion alongside oil. It is the fulcrum molecule in the energy transition, and I think demand for it will double rapidly. For power generation it is critical to support larger-capacity reliance on renewables, until such time that storage can make a real differe