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Gas
Statoil, partners sign $1.5bn EPC contract with Petrofac
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STATOIL, BP AND Sonatrach sign US$1.15bn engineering, procurement and construction (EPC) contract with Petrofac International (UAE) LLC in Algiers for the execution of the In Salah Southern Fields development project
Africa, gas and the future
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GE Estimates five per cent of world's natural gas wasted
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GE HAS RELEASED a study, Flare Gas Reduction: Recent Global Trends and Policy Considerations, which estimates that five per cent of the world's natural gas production is wasted by burning or "flaring" unused gas each year—an amount equivalent to 30 per cent of consumption in the European Union and 23 per cent in the United States.
Chevron Nigeria plant cost up 42 per cent
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CHEVRON EXPECTS A much-delayed Nigerian plant that will convert natural gas to liquids to cost $8.4bn, $2.5bn or 42.4 per cent more than its last estimate.
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