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CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan

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CompactGTL will build a commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. The proposed plant is expected to bring with it significant future commercial and environmental benefits, according to the company. CompactGTL expects to have a fully functioning small-scale GTL plant in operation in 2017.

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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer.

Russia 210
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Although the recovery in the world economy since 2009 has been uneven, and future economic prospects remain uncertain, global primary energy demand rebounded by a remarkable 5% in 2010, pushing CO 2 emissions to a new high. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada.

Oil 247