The FPC Announces Investment by Overseas

Friday, September 08, 2006
The Floating Pipeline Company Incorporated (FPC Inc.) of Halifax, Nova Scotia, Canada announced an investment by Overseas Shipholding Group, a leader in providing marine energy transportation services. The investment will allow FPC Inc. to complete the development of its Saint John, New Brunswick manufacturing plant, which will manufacture Gas Transport Modules (GTMs) using a patented technology for the transportation of compressed natural gas (CNG) by rail, truck and ship. The plant is expected to be in full production within twelve months.

CNG can be used in the niche market for stranded gas. Stranded gas is defined as any gas that cannot today be economically brought to market using conventional pipeline or liquefied natural gas (LNG) technology. A recent announcement by OSG to form a strategic partnership with TransCanada CNG Technologies Ltd. will facilitate the recovery of natural gas from stranded fields for specific projects.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

Brazil AHTS Contract Breakthrough for Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian

EOC Takes Full Ownership of OSVs

On 26 August 2014, EOC Limited agreed to acquire 50% of the entire issued share capital of Lewek Antares Shipping Pte. Ltd. (the "Target") , a company incorporated under the laws of Singapore,

Finance

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

DP World 1H 2014 Profit Soars

Global marine terminal operator DP World releases strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering

British WWl Warship Refurbishment Project

Northern Ireland Office Minister, Dr Andrew Murrison MP, visited the historic HMS Caroline in Belfast’s Titanic Quarter as restoration grants are received, informs the UK Government.

 
 
Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0923 sec (11 req/sec)