Gas NEWS

Vulcan Energy Resources’ (VUL) pilot plant team has achieved target specification for a direct lithium extraction (DLE) feed into its pilot plant.Vulcan is aiming to become the world’s first lithium producer with net zero greenhouse gas emissions. Its Zero Carbon Lithium Project is set to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource.

The Board of Frontier, the privately held Houston-based international gas exploration company with a focus on Southern Africa, said its activities in Namibia are continuing to exceed expectations. Frontier's Blocks 1723, 1724 and 1823 are in the Caprivi Basin in Northern Namibia covering an area of approximately 6,427 square kilometers (2,481 square miles). A two-year Reconnaissance license was granted on July 1, 2019. Frontier has a strategic relationship with local company Gondwana Petroleum to provide technical services and act as operator for the project.

Conoco's average gas price from its Lower 48 operations more than doubled to $4.56/mcf from the fourth quarter. Diamondback, which operates in the heart of Texas's biggest shale field, saw average gas prices jump more than 21 times to $3.05/mcf from a year earlier. The combined company produced 1.32 Bcfg in the period, more than double Conoco's in the previous quarter, which helped offset the financial impact of lost oil production from the freeze.

Sempra LNG recently joined the Collaboratory for Advancing Methane Science (CAMS), an industry-led research consortium formed to better characterize and understand methane emissions. Sempra LNG joins CAMS members Cheniere, Chevron, Equinor, ExxonMobil, Pioneer Natural Resources, and Shell. CAMS members work collaboratively to provide actionable, transparent methane science to contribute to the understanding of methane emissions across the oil and gas value chain and inform mitigation strategies.

Incoming US president Joe Biden has drawn up a list of changes he will make on “day one” of his presidency. Biden has pledged significant changes to oil and gas leasing for US operators, but this legislation would need to pass through the US congress.This includes changes to oil and gas policies made by previous president Donald Trump.

Joe Biden’s move to block the $9 billion Keystone XL project is the clearest sign yet that constructing a major new pipeline in the U.S. has become an impossible task. Even before Biden’s inauguration, the oil and gas industry was on its back foot when it came to building major new infrastructure.

Cyprus struck a gas production deal worth $9 billion after Nicosia renegotiated a contract with Noble, US based Shell, and Israel’s Delek for exploiting its Aphrodite gas field. The agreement also involves the transfer of natural gas by underwater pipeline to the Idku LNG terminal in Egypt. According to the Energy Minister Giorgos Lakkotropis, this deal is expected to bring in approximately $9.4 billion for the agreed 18-year contract.

Oil Minister of Iran has informed that CNPC of China has officially replaced energy giant Total in the multibillion-dollar South Pars gas project of Iran. In August, when Total did not receive a waiver from US sanctions against Iran, the company informed the Iranian authorities about its plan to withdraw from the project. Total had 50.1% stakes in the project and now CNPC already holds 30% stakes in the field.

Wood has informed about the multi-million dollar contract award with Evolution Midstream. This contract is for the new gas plant at Wyoming where Wood will have civil and mechanical construction services to provide. The CEO of Wood has informed that the company is mainly excited about the jobs that will be created through this work and is expected to have at least 150 construction roles.

ANOH gas project will go through a speedy development after the NNPC signs an agreement of five years with Seplat Petroleum Development Company for the same. This gas development scheme is said to improve and enhance the gas production and infrastructure of the country. By 2020, ANOH will produce approximately 3.4 billion standard cubic feet of gas per day. It is one of the 7 CGDPs in Nigeria.

As Chancellor Merkel meets President Vladimir Putin in Russia, Germany has decided to defend the planned Nord Stream 2 pipeline amidst warnings from the US to impose sanctions to prevent Russia’s gas export. Germany repeatedly specified that it has no intention to go against Nord Stream 2 provided Ukraine isn’t deprived of a role of a major gas transit country. With that being said, Germany has totally brushed aside U.S. concerns.

To become a leading downstream player across the globe, the UAE oil major ADNOC has disclosed its plans of capitalizing $45 billion over the next five years together with partners. This is in line with the company’s 2030 strategy of a more profitable upstream, more valuable downstream, sustainable and economic gas supply, underpinned by more proactive and adaptive marketing and trading.