Simulation, utilisation and transformation – the road to innovation
Ian McInnes selects recent examples by innovation in simulation, utilisation and transformation.
Ian McInnes selects recent examples by innovation in simulation, utilisation and transformation.
Inpex Corp gave the green light for the US$34bn LNG export project that is expected to make Australia the world’s top exporter of the fuel by 2017, surpassing current no. 1 Qatar.
This year, oil and gas investment in the UK is set to rise further, setting an all-time high with new jobs and potentially more than GBP5bn in tax revenue to the country’s strained budget and labour market.
Ukrainian Prime Minister Mykola Azarov said the country intends to avoid a gas showdown with Russia and played down the risk of energy supply disruptions to Europe.
Russian gas exporter Gazprom said it would not meet Kiev’s demand to cut the contracted volumes of gas it supplies to Ukraine this year. Ukrainian authorities are insisting that Russian gas imports should be cut to 27bnm3 this year from an estimated 40bnm3 last year. However, the Russian export monopoly has said this level is …
China’s huge shale gas reserves are currently unexploited but that could change as the country prepares for a shift to shale gas.
Germany’s Siemens AG won an order worth more than US$1bn to sell gas-powered turbines and generators to a Saudi power plant.
Poland intends to eliminate price caps on natural gas for corporate customers in 2013.
The European Energy Exchange (EEX) plans for further growth in its gas trading contracts in 2012 after expansion in 2011, its CEO Peter Reitz said.
It is here, the dreaded by some, 2012. Hopefully, the doom predictions are going to be wrong and it will be just another year. Making predictions can turn out to be disastrously wrong for the journalists that attempt them. However, from an oil and gas perspective Ian McInnes gives it a go on some of the issues.
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