ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cu. Ft. (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility, and provide a significant portion of construction funding. The management of Freeport LNG Development will remain in place and be responsible for all commercial activities and customer interface for the remaining capacity in the facility. The terminal will be designed with a storage capacity of 6.9 BCF and send-out capacity of 1.5 BCF per day. Natural gas will be transported through a 9.4-mile pipeline to Stratton Ridge, Texas, which is a major point of interconnection with the Texas intrastate gas pipeline system. The Freeport LNG terminal is being developed in response to the growing need for new natural gas supplies for commercial, industrial and residential consumers in Texas. “This significant step in our LNG import and regasification development effort provides a near-term opportunity to serve the growing U.S. natural gas market,” said Jim McColgin, ConocoPhillips vice president of exploration and business development
ConocoPhillips announced the signing of an agreement with Freeport LNG Development, L.P. to participate in its proposed liquefied natural gas (LNG) receiving terminal in Quintana, Texas. ConocoPhillips will acquire 1 billion cubic feet (BCF) per day of regasification capacity in the terminal for its use and obtain a 50 percent interest in the general partner managing the venture. ConocoPhillips will be primarily responsible for management of construction and operation of the facility
The Federal Energy Regulatory Commission (FERC) issued an Order granting authorization for construction and operation of a liquefied natural gas (LNG) terminal on Quintana Island, near Freeport, Texas. The facility is to include, among other things, an LNG ship maneuvering area, a protected single-berth unloading dock, and a storm protection levee. Plans call for the facility to be in operation for the 2006-2007 winter heating season. Docket No. CP03-75-000 (HK Law).
U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. (FERC order: http://1.usa.gov/1ocKyca) The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational.
Washington State Ferries (WSF) is exploring an option to use liquefied natural gas (LNG) as a source of fuel for the Issaquah Class ferries. LNG is used worldwide and provides an opportunity to reduce fuel costs, and better the environment by decreasing emissions. Saving money, cleaner environment, energy independence Fuel is WSF's fastest growing operating expense; it burns more than 17 million gallons each year. Its fuel budget is over 30 percent of the FY11-13 operating budget
On May 31, Konecranes announced a rubber-tired gantry (RTG) order from Malta Freeport Terminals that included an option for a further ten RTGs. Malta Freeport Terminals has now taken up this option, and in August the companies signed an agreement for the additional ten RTGs. The crane deliveries will start in the second quarter of 2008. This is Konecranes' third RTG order from Malta Freeport Terminals, which after delivery of this order will have 30 Konecranes RTGs in its fleet
Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months. Freeport said on July 8 it had agreed on a draft memorandum of understanding but had not signed it. At the time, it gave no time frame on when it would resume exports. Indonesia introduced a mineral ore export ban and a steep export tax in January.
Columbia Coastal Transport has deployed its 480-teu barge, Columbia Wilmington, into Freeport, Bahamas, effective immediately. Columbia's commitment to Freeport is part of the company's strategic plan, which coincides with Freeport Container Port's significant expansion and positioning as a major container hub port. Columbia's feeder services encompass twice weekly sailings melding New York/New Jersey with Boston, and Portland, Maine in the North Atlantic
U.S. Shipping Partners L.P. announced the delivery of its new articulated tug barge unit (ATB) the pusher tug Freeport and the parcel barge Chemical Transporter. The Partnership believes the ATB Freeport is the first IMO I ATB to be constructed in the United States. The ATB Freeport has successfully completed sea trials and has received necessary certification by the U.S. Coast Guard and the American Bureau of Shipping.
The LNG industry is beginning to move offshore, in part as a defensive tactic to avoid the safety and security concerns of local citizens to shore-based terminals and, in part, as an offensive move to access more gas reserves and possibly gain manufacturing and scale efficiencies. Project developers and the engineering contractors and equipment manufacturers that support them are working out the technical challenges of marinizing liquefaction, storage, loading, unloading and regas systems
The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S
Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell. On December 16, a naming ceremony was held for the LNG carrier SCF Melampus
In the coming year, the HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container with liquefied natural gas (LNG) fuel has now arrived in the Hanseatic City.
Braemar Engineering, the marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, has been appointed as Owner’s Engineers by Texas LNG Brownsville LLC (Texas LNG) for the proposed Brownsville LNG project.
General Dynamics NASSCO and Braemar LNG BV announce LNG containment technology licensing agreement General Dynamics NASSCO and Braemar LNG BV, a wholly owned subsidiary of Braemar Shipping Services PLC, have signed a technology licensing agreement for Braemar to use NASSCO’s
The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and ClassNK have announced the signing of a Memorandum of Understanding (MOU) laying out a framework for future technical cooperation to carry out joint research and development activities for the maritime industry.
Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, which could help address the country's ongoing energy crisis, a source at the state gas board said on Tuesday. High consumption, along with foreign firms' reluctance to invest in the sector
Notation reflects increased demand for review and approval of machinery elements on vessels designed for conversion to LNG fuel. ABS has published the ABS Guide for LNG Fuel Ready Vessels to support members and clients in preparing newbuildings for future conversion to gas propulsion.
The Q4 edition of Maritime Professional -- with Buckley McAllister, fifth generation leader of McAllister Towing profiled -- is now available for download at: http://digitalmagazines.marinelink.com/nwm/MaritimeProfessional/201411/ In addition to the McAllister profile
OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre
Subsidiaries of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and a wholly owned company of Royal Dutch Shell plc (Shell) has announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under
Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc today announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global LNG fleet under time-charters ranging in
Workboat requirements will soar as heightened safety requirements for LNG transit demand tighter oversight. The Louisiana Gulf is gearing up to export liquefied natural gas from Sabine Pass and Lake Charles in the state’s southwest and Plaquemines Parish in the southeast
Floating production has been one of the most significant achievements in the upstream oil and gas industry over the past four decades. The ability to produce in deepwater has opened a new frontier in oil and gas development – and has generated a huge business base for suppliers of floating
Bestobell Marine is celebrating securing approval of its new DN350 and DN400 cryogenic globe valve designs that have been developed specifically for the marine sector. This means that the valves are now fully tested and certified for installation on LNG (Liquefied Natural Gas) Carriers.