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Energy Partners News

03 Jan 2024

Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York

© nblxer / Adobe Stock

European energy firms Equinor and BP  terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues."This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development in anticipation of new offtake opportunities," Equinor said in a statement on Wednesday, in an apparent reference…

06 Nov 2023

Ship Shortage Dealt Death Blow to Orsted's New Jersey Offshore Wind Hopes

Credit: Ian Dybal/AdobeStock

Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world's biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York, triggering an angry response from New Jersey Governor Phil Murphy.The decision…

19 Oct 2023

Offshore Wind Developers Likely to Cancel Some Contracts After NY Decision

© nblxer / Adobe Stock

Developers in the U.S. offshore wind industry will likely cancel some power sales contracts in New York after the state last week denied passing on more of the costs to consumers, but major projects off Massachusetts and Rhode Island are set to start up later this year.Several states and U.S. President Joe Biden's administration consider offshore wind to be a key part of their plans to transition away from fossil fuels for energy, create jobs and reduce carbon dioxide emissions.Last week…

31 Aug 2023

Iran's Oil Output, Exports Rise as Washington, Tehran Talk

© leodeep / Adobe Stock

Iran's oil output and exports jumped in August despite U.S. sanctions, according to consultants and companies that track tanker shipments, as Tehran sells to buyers including China.Analysts said the higher exports appear to be the result of Iran's success in evading U.S. sanctions and Washington's discretion in enforcing them as the two countries seek better relations.The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government.

07 Mar 2023

Campbell Acquires NGL's Towboat and Barge Fleet

Houston, Penn.-based Campbell Transportation Company, Inc. (CTC) on Monday announced it has signed a definitive purchase agreement to acquire the majority of the marine assets owned by NGL Marine, LLC, a subsidiary of Tulsa, Okla.-based NGL Energy Partners LP.The $111.65 million cash deal, which is expected to be finalized by the end of March, includes a fleet of 13 towboats and 25 tank barges that provide waterborne transportation of refined products and crude oil for customers on the Gulf Coast, NGL said. A majority of the fleet will go to Campbell, and another portion will go to an unnamed buyer.For Campbell, the acquisition marks another step forward in its strategic plan to diversify its marine business line, the company said in a statement.

13 Feb 2023

Edda Wind Daughter Craft for Dogger Bank Offshore Wind Farm

©Chartrwell Marine

Norwegian offshore service operation vessel provider and operator Edda Wind has launched the Boreas Worker daughter craft crew transfer vessel (CTV).The vessel, designed by Chartwell Marine, has been built by Alicat Workboats, on behalf of Astilleros Gondan. The daugter craft will be used to support the commissioning and construction of the first phase of the Dogger Bank offshore wind farm.The 12-meter CTV will work in conjunction with Edda Wind’s fleet of hydrogen-ready commissioning…

19 Dec 2022

US Defense Bill Amends the Jones Act Waiver Process

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An obscure measure in the defense policy bill the U.S. Senate passed this week could make it harder for oil and liquefied natural gas transporters to get a waiver allowing them to ship fuel during emergencies, lobbyists and analysts said on Friday.The changes in the $858 billion annual defense spending bill passed late on Thursday came after lawmakers criticized Biden administration officials for September waivers allowing diesel deliveries to Puerto Rico, a U.S. territory, after Hurricane Fiona cut power for 3.3 million people.The waivers apply to the Jones Act…

16 Nov 2022

Commonwealth Wind Moves Forward with Mass. Offshore Wind Deal

©Fokke Baarssen/AdobeStock

Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project.Commonwealth made its announcement after the Massachusetts Department of Public Utilities (DPU) denied, in early November, Commonwealth's motion to suspend its agreement. That motion raised questions about the future of Commonwealth's offshore wind project.Commonwealth is a unit of Avangrid Inc.…

01 Nov 2022

NFE's Louisiana Offshore LNG Plant Start-up Slips to 2H 2023

Credit: New Fortress Energy(file Image)

U.S. firm New Fortress Energy Inc's proposed Louisiana offshore liquefied natural gas (LNG) facility likely will not begin operation until the second half of 2023, people familiar with the matter said on Monday.The 2.8 million tonne per year export project initially was proposed to start next March but has faced delays during its permit review. U.S. regulators on Friday lifted a stop-clock order. The soonest the facility could begin producing LNG, assuming no further delays, is the second half of next year, one of the people said. The U.S.

23 Aug 2021

U.S. Imposes Sanctions on Nord Stream 2. Measures Expected to Have No Effect on Project

The sanctions were imposed on ship Ostap Sheremeta, shipowner JSC Nobility and construction company Konstanta -  Image Credit: Peter aus Holtenau

The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents of the nearly-completed project said the measures would not stop it.The sanctions were imposed on ship Ostap Sheremeta, shipowner JSC Nobility and construction company Konstanta, the State Department said in a report to congressional committees. A copy of the report was seen by Reuters.U.S. President Joe Biden separately issued an executive…

03 Dec 2020

US Axes Environmental Reviews of LNG Marine Transport

© Mike Mareen / Adobe Stock

The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration unleashes last minute rules supporting the fossil fuel industry.The rule, which the Energy Department issued in a pre-publication notice in the Federal Register, frees LNG transport license applications from including environmental reviews that have been required under a bedrock environmental law, the National…

01 Oct 2019

Centrica Starts Buying Cheniere LNG

British multinational energy and services company Centrica has loaded its first liquefied natural gas (LNG) cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana under the agreement signed in 2013 with Cheniere Energy Partners, L.P.The gas was loaded onto the GasLog Ltd chartered Skagen vessel over the weekend and will be transiting the Atlantic to land in Europe in early October.Commenting on the first cargo, Jonathan Westby, Co-Managing Director of Centrica Energy Marketing & Trading and Global Head of LNG, said:  â€śThis cargo represents a significant milestone in Centrica’s involvement with LNG, which goes…

12 Aug 2019

PetroLogistics Contract Goes to McDermott

Texas-based PetroLogistics II, a portfolio company of Quantum Energy Partners, has awarded McDermott International, Inc. a contract to provide front-end engineering design (FEED) services for a new U.S. Gulf Coast propane dehydrogenation (PDH) plant.Under the scope of the contract, McDermott will assist in the development of a PDH plant to be constructed on the U.S. Gulf Coast. The plant has a design basis of 500 KTA."McDermott is pleased to be working with PetroLogistics II in the development of a facility that will support the growth of propylene in the U.S.," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.

18 Jun 2019

Howard Completes Port Arthur Terminal

Texas-based midstreamer Howard Energy Partners (Hep) announced that it’s completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.The completion of these projects increases HEP’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day, and direct pipeline connectivity through wholly-owned pipelines to seven refineries. HEP began operating terminal facilities in mid-2014.“The substantial expansions at our Port Arthur and Corpus Christi facilities signify HEP’s commitment to designing and constructing fully-engineered facilities that are tailored to meet the exact needs of our customers…

03 Jun 2019

Cheniere to build LA Sabine LNG Export Train

Cheniere's Sabine Pass export terminal. CREDIT: Cheniere

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana.Cheniere also said it expects to make a positive final investment decision as early as 2020 to add about 9.5 million tonnes per annum (MTPA) of additional liquefaction capacity at its Corpus Christi LNG export terminal in Texas.Natural gas use is growing rapidly around the world as countries, like China, seek to wean their industrial and power sectors off dirtier coal. Cheniere is the biggest supplier of U.S.

11 Mar 2019

Cheniere Completes 5th LNG Train at Sabine Pass

Texas-based Cheniere Energy Partners said that that Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the "SPL Project") was achieved on March 7, 2019."Commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody, and control of Train 5 to Cheniere Partners," it said.Under sale and purchase agreements (SPAs) with Centrica plc and Total Gas & Power North America, Inc., the date of first commercial delivery is expected to occur in August 2019, upon which the term of each of these SPAs commences.Cheniere Partners and…

04 Feb 2019

DCP Sells Terminals to NGL

Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States.Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, a subsidiary of DCP, and 50% ownership interest in a sixth propane rail terminal.The agreement also includes an import/export terminal located in Chesapeake, Virginia, with the capability to load or unload ships from Handy-sized vessels up to Very Large Gas Carriers. “NGL is excited to acquire these well-operated, high-quality assets from DCP.

31 Jan 2019

Siemens Gamesa to Suppy 270 Turbines in India

Siemens Gamesa Renewable Energy (SGRE)  has won a new order in India from ReNew Power, India's large largest renewable energy independent power producer (IPP), for the supply of 270 SG 2.1-122 wind turbines with a total capacity of 567 MW.The agreement is one of the largest announced in India and will see Siemens Gamesa provide the infrastructure needed to install and operate two wind power facilities, 127 SG 2.1-122 wind turbines for the project in Bhuj, Gujarat and 143 SG 2.1-122 wind turbines for the project in Davanagree, Karnataka, respectively.Both projects are expected to be commissioned by the first quarter of 2020. SGRE has over 1 GW of contracted capacity of wind projects for ReNew Power.With over 1 GW of contracted capacity of wind projects for ReNew power…

09 Jan 2019

BP Energy Partners Acquires Cryopeak LNG Solutions

The private equity firm focused on the energy industry BP Energy Partners (BPEP), LLC announced it has purchased a controlling interest in Cryopeak LNG Solutions Corp, a customer-centric liquified natural gas (LNG) solutions company.Cryopeak will become a portfolio company in BPEP's second private equity fund, BP Natural Gas Opportunity Partners II, LP. In addition to the controlling interest acquisition, BPEP will also commit additional capital to Cryopeak to support its continued growth throughout North America.Cryopeak is focused on providing industrial customers and utilities with access to clean and reliable natural gas in locations where natural gas pipeline services are unavailable…

24 Oct 2018

Blackstone Energy Partners Acquires Ulterra Drilling Technologies

Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities LLC. American Securities and certain members of management will retain a minority equity interest in the Company going forward. Financial terms were not disclosed. The transaction is expected to close prior to year-end 2018. Ulterra is the largest pure-play, independent supplier of polycrystalline diamond compact (PDC) drill bits to the oil and gas industry. The Company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. Ulterra currently has a leading position in many of the most active U.S.

19 Dec 2018

Cheniere, Malaysia's Petronas Sign 20-Year LNG Pact

Houston-based Cheniere Energy Partners has signed a 20-year liquefied natural gas (LNG) supply deal with a subsidiary of Petronas, Malaysia's state-owned oil and natural gas company.Per long-term pact, Petronas agreed to buy about 1.1 million tons a year from the Sabine Pass facility, according to a statement Tuesday. That’s about a quarter of the sixth plant’s capacity. “Petronas is one of the largest and most experienced participants in the global LNG market, and we are pleased to have it as our newest foundation customer at Sabine Pass, supporting Train 6,” said Jack Fusco, Chairman, President and CEO of Cheniere Partners.“This 20-year agreement with Sabine Pass Liquefaction continues our momentum on Train 6…

18 Oct 2018

Carlyle Group Acquires EnerMech from Lime Rock Partners

Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners.The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America. The Fund’s mandate includes exploration & production, mid-stream, downstream and oil field services.

24 Oct 2018

Blue Water Energy Partners with Apex International Energy

Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corporation (IFC) and company management.The oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA) said that it is primarily focused on pursuing acquisitions and drilling opportunities in MENA, with an initial focus on Egypt.The company will continue to acquire assets and licenses, whilst driving value creation through the execution of production optimization opportunities, developments and exploration opportunities of scale.Blue Water Energy…