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Global oil demand will grow 1 MMbpd in 2014, or about 300,000 bpd more than the IEA’s latest forecast, according to ESAI Energy’s recently published Global Fuels Outlook. The report highlights discrepancies between ESAI Energy’s and the IEA’s forecasts for demand growth and provides an outlook on petroleum product markets – and spreads to crude – through 2016.

Excelerate Energy has executed an agreement with the Government of Equatorial Guinea and Ophir Energy plc for a floating liquefaction storage and offloading vessel (FLSO). The Fortuna FLNG will be located at Block R, Equatorial Guinea which is owned 80% by Ophir and 20% by the national oil company of Equatorial Guinea, GEPetrol.

Upstream, you have producers and gas processors that deliver natural gas to fill the growing demand for the clean-burning fuel. Downstream, you have hundreds of miles of pipeline infrastructure to deliver the gas to market.

Statoil is waiting final testing before preparing for the installation and hook-up in the North Sea of the world’s first subsea wet gas compressor station to the Gullfaks C platform next year. The compressor station consists of two 5-MW wet gas compressors that will be installed in a subsea template at 135-meter depth. They will be tied in to existing templates and pipelines 15 km from the Gullfaks C platform.

Greyrock Energy, a company whose strategy is to transform natural gas into premium transportation fuels, announced on Nov. 4 a final investment decision (FID) to deliver one of the world’s first small-scale Gas-to-Liquids (GTL) facilities.

Air Products has signed an agreement to supply its proprietary LNG process technology and equipment to Technip for a mid-scale LNG project in Fengzhen City, Inner Mongolia Province, China.

Instead of trucking light crude oil on a hundred miles of dirt roads in a remote area of Australia, it is now being conveyed underground using a thermoplastic, flexible composite pipe. This undertaking was recently awarded the Project of the Year by the Plastics Pipe Institute, Inc. (PPI) for its Energy Piping Systems Division (EPSD).

Technip was awarded a subsea contract by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, 70 km off the province of East Kalimantan. The contract covers engineering, procurement, construction, installation, commissioning and pre-commissioning of flexibles, umbilical, and subsea structures.

A “boom paradox” is creating the perfect storm in liquids hydrocarbons measurement. Baby boomers hired during an earlier peak in the industry are retiring. Exiting with them is vast knowledge in areas such as measurement. Thanks mainly to shale plays, the industry is booming and new players are entering the market. Simultaneously, the industry is in the process of implementing significantly updated measurement standards. Can measurement operations ride out the storm?

Trans Adriatic Pipeline AG has issued the first major Invitation to tender (ITT) for construction of the onshore section of the Trans Adriatic Pipeline (TAP). The scope for the onshore pipeline contracts includes the engineering, procurement and construction of 760-km, 38-inch cross-country onshore pipeline on Greece and Albania. Companies invited to tender are international pipeline construction organizations, including from TAP’s host countries.