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GE Oil & Gas launches Micro LNG integrated plant

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GE Oil & Gas announced the development of a Micro LNG integrated plant that meets the small-scale liquefied natural gas (LNG) requirements of powering remote industrial and residential locations and fueling motor vehicles. acquisition in 2011. GE’s Micro LNG plant produces in the range of 20 to 150 k/tons per year of LNG.

Oil 199
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USGS new estimates of global undiscovered, technically recoverable conventional oil and natural gas, excluding US

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USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. million barrels per day of petroleum in 2011 from about 80 different countries. The US imported approximately 11.4

Oil 218
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Market report concludes Arctic oil and gas exploration and production market to be worth about $12B this year

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In a newly released report, market analyst Visiongain has calculated the Arctic oil and gas exploration and production market to be worth $11.93 billion in 2011, and is anticipating growth over the next ten years.

Oil 199
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US BOEM to offer more than 20M acres offshore Texas for oil and gas exploration; includes all available unleased areas in Western Gulf

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The US Bureau of Ocean Energy Management (BOEM) will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.) Earlier post.) billion in high bids for more than 2.4 million acres.

Oil 225
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Rosneft touts major light oil find from “northernmost well in the world” in the Arctic

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Rosneft announced a major oil discovery at the East-Prinovozemelskiy-1 license area in the Kara Sea, following the successful completion of the drilling of the northernmost well in the world—the Universitetskaya-1 well. I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province.

Oil 231
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Berkeley Lab releases 8th edition of databook on China’s energy and environment; finding the “missing” energy consumption

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China energy end use by sector (Mtce), 1980-2011. Shares of energy end use by sector in China, 1980-2011. Another major shift is that China has become a voracious energy importer, especially of coal and liquefied natural gas. Like the United States, China has become among the world’s largest importers of oil, gas and coal.

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Dept. of Interior proposes more stringent regulations for offshore oil and gas well equipment

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Five years after the Deepwater Horizon disaster, the Department of the Interior has proposed new regulations that include more stringent design requirements and operational procedures for critical well control equipment used in offshore oil and gas operations. Oil Regulations' —BSEE Director Brian Salerno.

Oil 150