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[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]
GE Oil & Gas Awarded $400+M Contract for Gorgon Natural Gas Projects; GE Turbomachinery to Drive LNG Production and World’s Largest CO2 Injection Project
October 25, 2009
| Artist’s rendering of a GE Frame-7 gas turbine, similar to the units that GE Oil & Gas is supplying for the Gorgon project. Click to enlarge. |
GE Oil & Gas has been awarded a competitive bid, worth more than $400 Million, to deploy advanced liquefied natural gas (LNG) technology for the development of Gorgon, one of the world’s largest untapped natural gas fields, which also features the world’s largest ever CO2 sequestration technology project. (Earlier post.)
The Greater Gorgon Area—comprising the Jansz and Gorgon fields—has projected natural gas resources equivalent to 6.7 billion barrels of oil (boe). The Gorgon Project, operated by the Chevron (currently 50%) in joint venture with Australian subsidiaries of ExxonMobil (25%) and Shell (25%), is currently estimated to cost A$43 billion (US$37 billion) for the first phase of development. First gas is planned for 2014.
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Forecast: 17M Natural Gas Vehicles Worldwide by 2015
October 19, 2009
Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 million in 2008. Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% to reach just over 3 million vehicles (including conversions) by 2015.
The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Pike Research anticipates India will be the fastest-growing NGV market with a CAGR of 18.4% between 2008 and 2015. This rapid expansion will largely be due to the availability of refueling stations and the growth of government emissions rules in large cities in India.
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Chevron and Partners to Proceed with Gorgon Natural Gas Project; Resources Estimated at 6.7B Barrels Oil Equivalent
September 14, 2009
| Map showing an overview of the Gorgon Project. Source: Chevron. Click to enlarge. |
Chevron Australia Pty Ltd, a subsidiary of Chevron Corporation, will proceed with the development of the large Gorgon natural gas project offshore Western Australia. Development proposals for the project were approved on 13 Sep by the Western Australian State Premier, and production licenses were granted by the Australian Minister for Resources and Energy.
The Greater Gorgon Area—comprising the Jansz and Gorgon fields—has projected natural gas resources equivalent to 6.7 billion barrels of oil (boe). The Gorgon Project, operated by the Chevron (currently 50%) in joint venture with Australian subsidiaries of ExxonMobil (25%) and Shell (25%), is currently estimated to cost A$43 billion (US$37 billion) for the first phase of development. First gas is planned for 2014.
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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development
August 26, 2009
| Geographical distribution of Clean Cities Recovery Act awards. Click to enlarge. |
The US Department of Energy (DOE) has selected 25 cost-share projects under the Clean Cities program that will be funded with nearly $300 million from the American Recovery and Reinvestment Act. These projects put more than 9,000 alternative fuel and energy-efficient light-, medium- and heavy-duty vehicles on the road, and establish 542 refueling locations across the country.
The vehicles and infrastructure being funded include the use of natural and renewable gas, propane, ethanol, biodiesel, electricity, and hybrid technologies. And with the cost share contributions from the recipients, every federal dollar spent will be matched by nearly two dollars from the project partners.
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Shell Awards Floating LNG Contracts to Technip and Samsung
July 29, 2009
| Artistic impression of the Shell FLNG design. Source: Shell. Click to enlarge. |
Shell Gas & Power Developments BV signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years. Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell’s 3.5 million tonne per annum (mtpa) FLNG solution.
Shell’s FLNG solution has the potential to place gas liquefaction facilities directly over offshore gas fields, thereby precluding the need for long distance pipelines and extensive onshore infrastructure. This innovative alternative to traditional onshore LNG plants provides a commercially attractive and environmentally sensitive approach for monetization of offshore gas fields.
