Production has begun from the Murphy Oil-operated Thunder Hawk field in the US Gulf of Mexico. The Thunder Hawk field production unit has capacity to process 45,000 b/d of oil and 70 MMcf/d of natural gas (approximately 0.7 bcm per year).
ExxonMobil shifts strategy with XTO takeover
ExxonMobil has signalled a significant shift in strategy with a deal to pay $31bn (£19bn) in stock for XTO Energy, which will give the world's biggest publicly listed oil company a large position in domestic natural gas.
http://www.ft.com/cms/s/9c10e888-e8b9-11de-9c1f-00144feab49a,s01=1.html
XTO bid answers questions on Exxon strategy
ExxonMobil's move to buy XTO Energy answers the question investors and analysts have been asking about the strategy of the world's biggest listed oil group over the past couple of years.
http://www.ft.com/cms/s/746931fe-e8e2-11de-a756-00144feab49a,s01=1.html
今年6月のPotential Gas Committeeのレポート
http://www.mines.edu/Potential-Gas-Committee-reports-unprecedented-increase-in-magnitude-of-U.S.-natural-gas-resource-base
○100310E Indonesia, The Jakarta Post
インドネシアは2010年23%のガス不足に陥る
Natural gas supply to see 23.3 percent deficit this year
http://bit.ly/aIIlH0
Natural gas supply and demand in 2010 will see a deficit of 23.3 percent bas
ed on demand specified in contracts and commitments combined in relation to
available supply. The shortage equals to 2,554 million standard cubic feet p
er day (mmscfd), an official says. Evita Legowo, the Energy and Mineral Reso
urces Ministry’s director general for oil and gas, told reporters Tuesday t
hat the deficit was caused by the decline in output
Algeria calls for cut in gas production
By Carola Hoyos in Vienna
Published: March 17 2010 02:00 | Last updated: March 17 2010 02:00
Algeria, one of the three biggest suppliers of gas to Europe, called on fellow gas-exporting countries yesterday to reduce production in order to boost prices.
PUTRAJAYA: Oil and gas services provider Distinct Objective Sdn Bhd plans to develop 4,000km subsea liquefied natural gas (LNG) pipeline from Malaysia to South Korea costing multi-billion ringgit.
The private finance initiative project for the trans-oriental gas pipeline (TOGP) will kick off once a six-month environmental impact assessment report was received, said president and chief executive officer Shaharuddin Abdul Manan.
The project was expected to take five years to complete, he said after the signing of a memorandum of understanding (MoU) on the project here yesterday.
“We hope to finalise the financial requirements soon as discussions with investors from countries like South Korea, China, Indonesia and Japan are progressing well,” he added.
Under the MoU, Distinct Objective will undertake the construction of a 2,500km pipeline from off-the-coast of Pahang to north Vietnam.
Meanwhile, its associate partner Asia Consortium Engineering Petroleum & Gas will be responsible for the 1,500km pipeline from China to the coast of South Korea.
Shaharuddin said the TOGP would contribute towards providing transport service facility to organisations in Asian concerned with energy security in the short and long term.
“The growth of the LNG industry has been rapid in recent years but it will be even more dramatic over the next five years with output capacity reaching over 370 million tonnes per annum next year.” ― Bernama
http://biz.thestar.com.my/news/story.asp?file=/2010/1/29/business/5570587&sec=business
A Memorandum of Understanding (MoU) for the Trans-Oriental Gas Pipeline (TOGP) has been signed between Distinct Objective Sdn Bhd (DOSB), Asia Consortium Petroleum Engineering and Gas, Messrs Enmac Sekutu Sdn Bhd, China’s Panyu Chu Kong Steel Pipe Co and Dongah Tec of Korea.
Under the agreement, approximately 4,000 km of subsea natural gas pipeline, extending from Malaysia to South Korea, will be constructed.
DOSB will build a 2,500 km section of pipeline running from offshore Pahang, Malaysia to north Vietnam.
Meanwhile, Asia Consortium Engineering Petroleum and Gas will be responsible for the construction of the remaining 1,500 km pipeline section, linking China to the South Korean coast.
“We hope to finalise the financial requirements soon as discussions with investors from countries like South Korea, China, Indonesia and Japan are progressing well,” said DOSB President and Chief Executive Officer Shaharuddin Abdul Manan.
Plan for LNG pipeline to S. Korea
By Kamarul YunusPublished: 2010/07/15
http://www.btimes.com.my/Current_News/BTIMES/articles/togp/Article/
PRIVATELY-OWNED Distinct Objective Sdn Bhd has put up a plan to lay some 4,000km of subsea liquefied natural gas (LNG) pipeline from Malaysia to South Korea, a project with an estimated worth of US$50 billion (RM160 billion) and said to be the "missing link" for the Trans Asean Gas Pipeline (TAGP) project.
Its president and chief executive officer Shaharuddin Abd Manan said the establishment of such a pipeline project would complement the TAGP project, which currently involves only gas producers within the Asean grouping.
"Some said that TAGP is a pipe dream. They only talk about gas producing but never about the commercial side.
"On the other hand, our Trans Oriental Gas Pipeline (TOGP) project is a commercial line. That is why we called it the private sector and private funding. We have found the missing link for TAGP," he told Business Times in an interview in Kuala Lumpur recently.
If the plan materialises, TOGP will deliver LNG to primary users of gas in China, Japan, South Korea and Taiwan, which consumed a combined 68 per cent of natural gas production in the world.
TOGP is an undersea LNG pipeline project, which spans over a period of five years and expected to be completed within 60 months. The 36-inch diameter undersea pipeline will stretch about 4,000km off the coast of Malaysia to China, Taiwan, and South Korea and later expanded to Japan.
Shaharuddin said Distinct Objective's aim to embark on TOGP is to serve as one of the offshore connecting pipelines for the transportation of LNG in the Asean and Asian regions.
"Both buyers and sellers will have the use of TOGP to transport their LNG," he said, adding that the LNG business is estimated to be worth over US$119 billion (RM380.8 billion) next year.
Shaharuddin said currently, Distinct Objective is in the process of identifying the engineering, procurement and construction (EPC) contractors and Environment Impact Assessment consultants.
"We have also signed up a number of memorandums of understanding (MOUs) and memorandums of agreement with interested parties relating to the supply of pipes and investment in order to launch the project.
"It is proposed that the commencement of the project will take place in the first quarter of 2011 and to be completed by 2015," he said.
Shaharuddin said Distinct Objective is close to securing a deal with pipe manufacturers from India and China, namely Welspun Gujerat Steel Rohren Ltd (Welspun) and Panyu Chu Kang Steel Pipe Co Ltd (PCK) respectively to supply customised pipes for the TOGP project.
"We have signed an MOU with Welspun and PCK in April and January respectively this year and expect to sign an agreement with them soon," he said.
He said Welspun is expected to supply some 2,500km of pipes for the first phase of the TOGP project, spanning from Malaysia to North Vietnam, while PCK for another 1,500km for the second phase of the project, spanning from China to South Korea.
At the same time, he said DOSB is negotiating with Det Norske Veritas (DNV), a global provider of services for managing risk, to become its engineering consultant.
"DNV, an international standard certificate authority, will design the customised pipes and submit the data to Welspun and PCK who will produce the pipes based on recommendations and specifications.
"It should be noted that to transport LNG, the temperature should be below zero degree celcius. Thus, we need to customise the pipes and acquire an international accreditation or certification from a well respected and recognised standards consultants," he said.
Shaharuddin also said the TOGP, which will serves as the main independent pipeline, will be connected with other pipelines to be constructed by companies or EPC contractors from the participating countries.
"We will allow companies from these participating countries to tap their respective pipelines to our main pipeline. Definitely, this would provide a spin-off economics to participating countries," he said.
For instance, he said, the transfer of LNG technology into Malaysia in building the pipeline would benefit many areas of activity including engineering, information technology, gas, transportation, communications and bring about employment opportunities to more Malaysians involved or interested in participating in these areas.
On funding, Shaharuddin said a number of MOUs have been entered into with contractors in China, India and South Korea and new ones are being worked out in other Asian countries, including Japan.
"Funding arrangements made for the project are progressing as planned and upon completion of the project, the contractors are to hand over the pipeline to Distinct Objective," he said.
He said the utilisation of offshore pipeline is considered a faster, cheaper, safer and cleaner mode of transportation of LNG with minimum risk involved.
"The competitive advantage of using pipeline to ship LNG is its ability to reduce delivery time, minimise storage time and reduce loss of cargo during transport," he said, adding the Malaysian government is aware of the TOGP project, although the project will be located within international waters.
Distinct Objective has also obtained the approval from the Malaysian Security Council.
Read more: Plan for LNG pipeline to S. Korea
http://www.btimes.com.my/Current_News/BTIMES/articles/togp/Article/#ixzz0toq3zvJb