News


What New Ethylene Crackers Tell Us

01-07-2011

  Both Shell and Dow Chemical are planning new ethylene crackers in the US, a market in which established ethylene facilities were being shut down only a few years ago, as part of the demand destruction necessary to balance natural gas demand with shrinking US supplies.     Anyone looking for further indications of the game-changing nature of shale gas need look no further...

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Great Eastern, Dart Energy & Essar Eye Stake In ONGC

01-07-2011

  State-run Oil & Natural Gas Corp (ONGC) has said Essar, Great Eastern Energy and Australia-based Dart Energy have evinced interest in picking up a "significant" stake in its coal-bed methane blocks located in Bokaro, Jharkhand and Raniganj.   "ONGC's exploration team has invited equity participation from various companies to partner in our coal-bed methane blocks in Bokaro,...

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Ezra To Move FPSO To Vietnam, Expand Deepwater Reach

01-07-2011

  Ezra Holding Ltd. is due to move an FPSO to Vietnam in the near-term and hopes to work in deepwater in the longer-term, according to an interview with Dow Jones by Lionel Lee, Ezra Group managing director. The FPSO is scheduled to leave Singapore by the end of this week and head for Premier Oil Vietnam Offshore BV’s Chim Sao oil field in block 12W offshore southern Vietnam....

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