Gas Inventory News

Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.Nord Stream AG names Lloyd's Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London's High Court last month.Switzerland-based Nord Stream confirmed in an email there is a contractual dispute in London commercial courts between itself and insurers of the pipeline system."However…

ABS is working with offshore support vessel operator Edison Chouest Offshore (ECO) on its decarbonization journey with greenhouse gas inventory and sustainability reporting services. ECO has nearly 300 vessels.ABS specialists have been working with the ECO team since 2022 providing a gap analysis for the ECO environmental, social, and governance (ESG) report using the Global Reporting Initiative (GRI) Framework.This led to a full sustainability reporting project in 2023, where ABS supplied technical guidance on the GRI Framework…

McAllister Towing has released its inaugural sustainability report.ABS specialists worked with McAllister’s team to provide greenhouse gas inventory and sustainability reporting services, calculating the operational carbon intensity and benchmarking the performance of the McAllister fleet of more than 60 vessels, including tugboats, passenger ferries, offshore supply vessels, crew boats and barges in over 13 locations along the U.S. East Coast.The report covers topics such as McAllister’s fleet profile…

Crowley has promoted Meaghan Atkinson to be Vice President of Sustainability. In her new role, Atkinson will lead Crowley’s sustainability journey, and drive action to decarbonize across the company’s operations and value chain to reach net-zero emissions by 2050. As vice president, she will lead the company’s efforts to build partnerships across its industries and value chain to fulfill Crowley’s sustainability commitments.In her prior role as Director of Sustainability and Regulatory Affairs…

ABS is supporting McAllister on its sustainability journey with greenhouse gas inventory and sustainability reporting services for its fleet of more than 75 tugboats, crew boats and barges.ABS specialists worked with McAllister’s team to calculate its operational carbon intensity and benchmark the performance of its fleet, leading up to an Environmental, Societal and Governance (ESG) report. The team helped McAllister establish a transparent governance and stakeholder engagement strategy…

Bangladesh bought two liquefied natural gas (LNG) cargoes for delivery in October at record prices, two industry sources said on Friday, as low inventory in Europe boosts competition with Asia for supplies ahead of winter.The south Asian nation bought one cargo from trader Vitol for delivery in mid-Oct. at $35.89 per million British thermal units (mmBtu) and another from Gunvor for late Oct. delivery at $36.95 per mmBtu, said an official of state-run Petrobangla."Winter is yet to come but prices have gone crazy…

The Panama Canal has set out to decarbonize its operations, with a target to become carbon neutral by 2030.“We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools and identifying the changes needed to achieve efficiencies that will allow us as an organization to reach carbon neutrality. This is a fundamental strategy for the waterway's long-term operation and sustainability,” said Panama Canal Administrator Ricaurte Vásquez Morales.

Offshore oil and gas drilling operations in the U.S. Gulf of Mexico emit far more methane than government estimates suggest, according to a study released on Monday by the University of Michigan.Drilling platforms emit about half a teragram (Tg) of the planet-warming gas each year, according to the study, which claims to be the first to use aircraft to take direct samples of emissions during normal operations.By contrast, the U.S. Environmental Protection Agengy's Greenhouse Gas Inventory report last year found Gulf offshore platforms emitted about 0.33 Tg of methane…

In line with the commitments of the PA2D (Sustainable Development and Action Plan), Dunkerque-Port has just received the EcoPorts network's PERS certification (Port Environmental Review System), granted by the ESPO (European Sea Ports Organisation). This environmental management certification, specific to the port sector, attests to correct compliance with current rules and standards, and rewards involvement in projects and initiatives for better environmental performance in ports. This European recognition also stresses the environmental and innovative actions that have been carried out by Dunkerque-Port for nearly ten years as part of its activities.

There are 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance. Total oil/gas inventory is the same as last month – but two units on order last month (N’Goma FPSO and Delta House Semi) were completed and are now in the active inventory. Another 29 floating LNG processing systems are in service or on order. Liquefaction floaters account for 17%, regasification floaters 83%.

The floating production business continues to be very strong, particularly in the LNG gas processing sector. Last month saw a speculatively ordered floating liquefaction plant – a $1.2 billion contract – as well as several regasification vessel contracts. Here’s a snapshot of what’s happening in the business. In total, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 78% of systems on order. Production semis, barges, spars and TLPs comprise the balance.

Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance. Total oil/gas inventory is down two units since last month – two off-field FPSOs have been scrapped. Another 27 floating LNG processing systems are in service or on order. Liquefaction floaters account for 15%, regasification floaters 85%. No liquefaction floaters are yet in service – all four are on order.

U.S. utilities have withdrawn a record amount of natural gas from underground storage to meet heating and power needs during an extremely cold winter, but gas producers say they are confident they can rebuild inventory. "We believe North America has the capacity to supply far more natural gas than we are doing now at a reasonable price," said William Maloney, Statoil's executive vice president of development and production for North America, speaking at the IHS CERAWeek conference in Houston, an annual meeting of global energy leaders. Some traders have expressed doubts that inventories would be rebuilt in time for next winter, but Maloney said the biggest challenge is not supply, but demand.

For the fourth quarter ended December 31, 2000, the Chiles Offshore reported net income of $4,401,000 on revenues of $16,752,000. In the corresponding quarter ended December 31, 1999, the company reported a net loss of $2,234,000 on revenues of $5,274,000. For the 12 months ended December 31, 2000, and excluding the effect of certain one time, non-cash charges related to the September 22, 2000 initial public offering of common stock, the company reported net income of $11,559,000 on revenues of $56,006,000. In the corresponding 12 months ended December 31, 1999, the company reported a net loss of $3,963,000 on revenues of $8,596,000. On July 20, 2000 the company entered into an agreement with Perforadora Central, S.A. de C.V.

Worldwide oil and gas drilling contractor GlobalSantaFe Corporation today reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for December 2002 was down from the previous month's SCORE by 2.9 percent. GlobalSantaFe chief operating officer, Jon Marshall, said today at the company's annual SCORE press conference: "Though worldwide SCORE improved in December 2002, continued softness in the U.S. Gulf of Mexico drilling market and semisubmersibles rigs worldwide left SCORE near the year's lowest level. In the U.S. gulf, depressed drilling activity is having an impact on natural gas inventory levels, pushing prices higher.