ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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The Asian Development Bank (ADB) has approved a $240.3-million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe.

Chevron approves next major Tengiz expansion project in Kazakhstan

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Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. FGP will use state-of-the-art sour gas injection technology, successfully developed and proven during TCO’s previous expansion in 2008, to enhance oil recovery.

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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. Up to 820,000 cubic meteres of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetize over 300 million cubic meters of gas. Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology, the company said.

Foster Wheeler awarded contract for hydrogen production unit in Kazakhstan for major refinery modernization

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A subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on Foster Wheeler Terrace Wall steam reforming technology, to be built at the Atyrau Refinery in Kazakhstan.

EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas.

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Groundbreaking in Turkmenistan for major synthetic gasoline plant; first full-scale Haldor Topsøe TIGAS facility

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In August, a groundbreaking ceremony was held in Ovadan-Depe near the capital of Ashgabad in Turkmenistan to launch the construction of a major plant focused on the conversion of natural gas into synthetic gasoline. The plant has been awarded by the national gas company Turkmengas, and Topsøe will be working alongside the Japanese contractor Kawasaki Heavy Industry Ltd. A small fraction of the hydrocarbons are recovered as liquefied petroleum gas (LPG).

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

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GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. The agreement calls for a strategic, cooperative relationship that would: leverage GE Oil & Gas technologies to help Rosneft improve efficiency and yields in its oil and gas exploration and recovery operations, and.

Eni reports first oil from giant Kashagan field in North Caspian Sea

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The oilfield is located in the North Caspian Sea, approximately 80 kilometers (50 miles) southeast of Atyrau, in Kazakhstan. The reservoir is marked by a high proportion of natural gas under high pressure, the presence of high concentrations of hydrogen sulfide and harsh and fluctuating environmental conditions. Natural gas will be treated for the removal of hydrogen sulfide and will be mostly used as fuel for the production plants; the remaining amount will be marketed.

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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. Spain-based Repsol is one of the world’s ten largest privately-owned integrated oil and gas companies, with activities in more than 30 countries; its oil and gas production is around a million barrels per day.

Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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Maersk Oil is an international oil and gas company with operated production of about 650,000 barrels of oil equivalent per day offshore Denmark, UK and Qatar, as well as onshore Kazakhstan and Algeria. Sociedade Nacional de Combustíveis de Angola Empresa Pública (Sonangol, E.P.), Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well.

GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

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million tons of carbon dioxide, a major greenhouse gas. Evolution Series Locomotives currently are operating in the United States, Canada, Mexico, Brazil, China, Mongolia, Australia, Kazakhstan and Egypt.

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GE and Shenhua open coal gasification joint venture in China

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The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. Gasification converts coal into a synthesis gas (or syngas) that can then be used to produce chemicals or other products. GE announced the opening of GE Shenhua Gasification Technology Company Ltd., a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. billion is planned for exploration and production activities, including major natural gas-related projects. China: development of the Chuandongbei natural gas project. Kazakhstan/Russia: Caspian Pipeline expansion.

Opinion: Uranium Prices Set To Double By 2018

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As Scientific American opines , “Nuclear energy’s clean bona fides may be its saving grace in a wobbling global energy market that is trying to balance climate change ambitions, skittish economies and low prices for oil and natural gas.”. 57 million pounds of uranium imports last year came from Canada and Kazakhstan, with Canada providing 17 million pounds—these producers are extremely well-positioned for what comes next. by James Stafford of Oilprice.com.

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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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Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%. The use of natural gas grows most in road transport, where its share rises from 1% to 3%. Currently the dominant use of gas in the transport sector is in gas compression for pipeline transport and distribution. A growing share of output comes from natural gas liquids (more than 18 mb/d in 2035) and unconventional sources (10 mb/d, largely from Canada and Venezuela).

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