09-07-2015, 01:16 AM
'admin' pid='62452' datel Wrote:Congress is set to begin consideration of a measure to lift the decades-old ban on U.S. crude exports after a government study concluded the move wouldn’t raise gasoline prices for consumers, people familiar with the plan said. A panel in the House of Representatives is planning to vote on a measure to lift the ban, which dates back to the Arab oil embargo of the 1970s, as early as next week, according to three lobbyists working on the matter, who asked not to be named because the markup hasn’t been announced yet. The full House may vote on it later in September, leaving ahead the more difficult task of gaining enough support for repeal in the Senate, they said.Oil export bill said to be set to move as price fears ease
A potential boost in natural gas supply from Iran and Egypt may exacerbate a worldwide glut, reshape the global market and threaten U.S. export ambitions, according to Citigroup Inc. Projects from North America to East Africa and Australia may be impacted as Iran progresses with its "supergiant" South Pars gas field and after Eni SA’s discovery of massive resources offshore Egypt, Citigroup analysts including Anthony Yuen said in a report Sept. 2. The two developments may displace demand for LNG in the Middle East and beyond, possibly deterring future U.S. export projects, according to the bank.Gas exports from Iran, Egypt seen threatening U.S. ambitions
OAO NOVATEK and China’s Silk Road Fund (SRF) have concluded a framework agreement on the acquisition by SRF—a $40-billion medium- to long-term investment fund—of a 9.9% equity stake in the Yamal LNG project. The Yamal LNG project envisages the construction of an LNG plant with an annual capacity of 16.5 million tons per annum. According to the agreement, the transaction is scheduled to close after the satisfaction of stipulated conditions precedent, including the receipt of all necessary approvals. Following the completion of the deal, the shareholder structure of OAO Yamal LNG will be as follows: OAO NOVATEK (50.1%), Total (20%), CNPC (20%) and SRF (9.9%).Russia’s NOVATEK sells 9.9% stake in Yamal LNG to Chinese investment fund
INPEX Corp. has submitted a revised plan of development (POD) for Abadi gas field in the Masela Block, Arafura Sea, Indonesia, as a result of a greater volume of natural gas reserves being confirmed, among other factors. With the cooperation of strategic partner Shell, INPEX is preparing for the development of Abadi gas field, as operator, through its subsidiary INPEX Masela, Ltd. The Revised POD envisions the adoption of a Floating LNG (FLNG) plant with an annual LNG processing capacity of 7.5 million tons.INPEX revises development plan for Abadi LNG project offshore Indonesia
Eni's new gs field with siesmic based volume estimate is 200 miles of shore, a mille underwater and the wells need to be 15.000 feet deep.