USA Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • First commercial North American GTL plant planned ‐ What may be the first commercial smallscale
    gas‐to‐liquids (GTL) plant in North America has been announced by Pinto Energy LLC, Houston, to
    be built near Ashtabula, Ohio, on Lake Erie, northeast of Cleveland. The Ashtabula GTL project will install
    a 2,800‐b/d plant on 80 acres to convert natural gas from the Utica and Marcellus shales into solvents,
    lubricants, and waxes, as well as transportation fuels. Pinto selected Velocys PLC’s Fischer Tropsch
    technology. It said it has agreed to commercial license terms with Velocys and made a down payment
    towards the FT reactors.
  • Eco‐Tek ships first lubricants order to Peru.
  • Shale boom remakes US energy, economy.
  • US refiners hike the finish lubricant price in the range of 3% to 6%.