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Natural Gas

Congress Provides Opportunity to Bring More Natural Gas

EnerSea Transport L.L.C., innovators of a new compressed natural gas (CNG) transport technology, applauded House Members for today's passage of H.R. 3983, the 'Maritime Transportation Antiterrorism Act of 2002.' The bill will expand the existing 'Deepwater Ports Act' to create a regulatory infrastructure for the transport and delivery of natural gas to offshore offloading terminals in the United States. "In addition to reducing port vulnerability and protecting coastal communities, it is equally important to improve upon our energy security by increasing access to sources of clean burning natural gas in the Western Hemisphere and meet our growing demand for energy," said Paul Britton, EnerSea's Managing Director. "This bill provides a mechanism to develop and bring to US consumers natural gas that currently is stranded. Up to 80 percent of the natural gas fields worldwide have yet to be developed -- potentially a tremendous resource." Traditionally, energy experts have planned on development of the deepwater Gulf of Mexico, unconventional onshore gas resources, gas from Alaska's North Slope and imported liquefied natural gas (LNG) to help meet growing demand for natural gas.


Brazil Reconsiders Shelved LNG Plan

Brazil’s state oil company Petrobras may revive a shelved liquefied natural gas (LNG) imports project for the northeast due to disappointment with soaring costs of its planned Gasene natural gas pipeline, according to a Reuters report. A regasification plant could be an alternative to Gasene, or be used jointly with the pipeline as natural gas demand in Latin America’s largest country is soaring. Gasene is designed to connect Brazil’s southeastern and northeastern gas networks


El Paso Finalizes Agreement

El Paso Global LNG, a subsidiary of El Paso Corporation, announced today that the definitive liquefied natural gas (LNG) purchase and sale agreement signed in October 2001 with a consortium of natural gas production companies led by Statoil ASA received final Norwegian and United States government approvals on May 31, 2002. The consortium will develop the Snohvit Project in northern Norway and provide El Paso with an annual delivery of approximately 1


FMC Commissioner Gives Keynote on Panama Canal

Commissioner Doyle: Photo in public domain

Commissioner William P. Doyle of the Federal Maritime Commission, has given the keynote address at the Eno Center for Transportation Forum on the Panama Canal entitled: Lessons Learned and Implications for World Commerce.  His comments on the future of the canal's LNG trade are also extracted below. Commissioner Doyle noted that the Obama Administration, members of Congress and state and local officials support the tremendous economic, business, job-supporting


Gas Leak Closes Visund Platform

A major natural gas leak shut down the Norwegian Visund offshore oil and natural gas platform, AP reported. No one was injured in the incident, but 17 of 91 crew members aboard were flown to a nearby North Sea platform by helicopter as a precaution when gas and fire alarms sounded. It was a major leak, but that strong winds kept the gas away from the platform itself. Gas leaks on offshore platforms can cause catastrophic explosions and fires, often far from shore


New Deepwater Port Application Received

Woodside Natural Gas, Inc. (Woodside) filed its application with the United States Coast Guard and the Maritime Administration on August 18, 2006 for a license under the Deepwater Port Act, to build, own and operate a Liquefied Natural Gas (LNG) facility in California. Woodside’s proposed OceanWay facility will be located approximately 22 miles southwest of Los Angeles, California and will convert the liquefied gas to natural gas utilizing a ship to ship (STS) transfer for


Feds OK LNG Terminal off La.

Petroleum producer McMoRan Exploration Co. has received final approval for a $1 b liquefied natural gas project off Louisiana's coast, including storage caverns in an offshore salt dome, the company announced Thursday. The go-ahead from MarAd was the last needed for the Main Pass Energy Hub, sources said. The record accompanying the decision was 46 pages long and outlines requirements that will be put into the license.


Kitimat, EOG Resources Canada Sign MOU

Kitimat LNG Inc. announced that it has signed a memorandum of understanding (MOU) with EOG Resources Canada (EOG) to supply natural gas to Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Kitimat, B.C.    Pursuant to the MOU, Kitimat LNG and EOG are proceeding to negotiate a definitive agreement under which EOG would supply specific quantities of the LNG facility’s 700 million cubic feet per day of natural gas feedstock.   


Export of US LNG: Company to be Formed

Shell US Gas & Power & Kinder Morgen subsidiary Southern Liquefaction Company to exploit LNG export opportunities. The two companies have announced their intent to form a limited liability company to develop a natural gas liquefaction plant in two phases at Southern LNG's existing Elba Island LNG Terminal, near Savannah, Ga. Subject to various corporate and regulatory approvals, Shell and Kinder Morgan affiliates have agreed to modify EPB’s Elba Express Pipeline and Elba


Governor Schwarzenegger Disapproves BHP Deepwater Port License

California Governor Arnold Schwarzenegger issued his formal disapproval to United States Maritime Administrator Sean T. Connaughton for the licensing of the BHP “Cabrillo Port” LNG deepwater port planned for construction off the coast of Ventura County, California. The Governor did however make it clear that he supports the state’s need for an increased LNG supply. Excerpts from the Governor’s letter follow: While I believe strongly that California needs to expand its access to natural


Petrobras, Mitsui Study South Brazil LNG Import Terminal

Image: Petrobras

Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.


South Stream Gas Pipeline Re-route via Turkey Possible

Pipe No.1: Photo Gazprom

Turkish Energy Minister Taner Yildiz said on Wednesday that Ankara would consider the passage of the South Stream natural gas pipeline through Turkey if Russia made such a request. The future of the 2400 km (1,490 mile) line from Russia via the Black Sea to Europe, avoiding Ukraine


U.S. GHGas down by 10 % - EPA

U.S. greenhouse gas emissions fell nearly 10 percent from 2005 to 2012, more than halfway toward the United States' 2020 target pledged at United Nations climate talks, according to the latest national emissions inventory. The report showed that emissions dropped 3


EPA Mull Methane Regs for Oil & Gas Sector

The U.S. Environmental Protection Agency on Tuesday took a step toward a wider strategy to address climate change, releasing five technical papers that will help it decide whether or not to regulate methane emissions from the oil and gas sector.


US Renews ConocoPhillips' Permit for Alaska LNG Export

Photo courtesy ConocoPhillips

The U.S. Energy Department on Monday renewed ConocoPhillips' permit allowing the company to export liquefied natural gas from Kenai, Alaska to all countries. The approval was expected. The U.S. government has allowed LNG exports from Alaska's Kenai terminal for the past 47 years.


"Gas War" looms as Pro-Russian militants raise flags in East Ukraine

 Pro-Russian militants raised their flags over official buildings in two eastern Ukrainian cities on Saturday, deepening a stand-off with Moscow which, Kiev warned, was dragging Europe closer to a "gas war" that could disrupt supplies across the continent.  


Parsley Energy Makes Public $400 Mln IPO Plan

 Parsley Energy Inc made public its plan to raise up to $400 million in an initial public offering of    Class A common stock.   The oil and natural gas company filed confidentially with U.S regulators for the proposed IPO in December.  


House LNG Export Bill Advances

The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U.S. liquefied natural gas (LNG). H.R


GasAtacama has US LNG Providers Lined Up

Photo: GasAtacama

GasAtacama, energy provider to metal producers in Chile's Atacama desert, has lined up eight potential U.S. natural gas suppliers for a proposed import terminal on its Pacific Coast, but uncertainty about energy demand has delayed deals, CEO Rudolf Araneda told Reuters on Thursday.


Commodity Funds Bounce in Q1 after 2013 Losses

Commodity funds bounced in the first quarter from a 2013 loss, with the top performers in the Lipper Global Commodity group racking up double-digit returns after rallies in agriculture, natural gas and nickel. Supply disruptions provided opportunities across the asset class


U.S. Commodity ETFs Fall for Fifth Quarter

U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.


U.S. House Bill Approving LNG Exports

A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas exports to countries that belong to the World Trade Organization.   The legislation, which will be considered by the full House energy


Bestobell’s Scores Chinese Contract

Image:  Bestobell Valves

Bestobell Valves, part of the President Engineering Group, said it has received a major boost to its marine division with the award of a new contract for cryogenic cargo globe valves from the Hudong Zhonghua shipyard in China. The multimillion dollar contract will see the U.K


Shell, CNPC cooperating in deep-sea exploration, shale gas

Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied natural gas (LNG) and unconventional gas sources like shale, CNPC said on Wednesday.


Russia's Gazprom: Ukraine did not pay for gas on time

Gazprom and Ukraine locked in gas price dispute; Russian gas transit to Europe via Ukraine stable. Russian natural gas producer Gazprom said on Tuesday Ukraine had failed to pay for its March gas supplies on time but did not say whether the company would take any action against Kiev.


 
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