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Natural Gas Boom News

12 Apr 2017

New US Pipelines to Drive Natural Gas Boom as Exports Surge

© Yauheni Chazlou / Adobe Stock

U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).

11 Sep 2014

Growing American Shipping Act Gaining Support

Legislation promotes revitalization of maritime industry through export of liquefied natural gas on U.S. Chairman Duncan Hunter (R-Calif.) and Ranking Member John Garamendi (D-Calif.) held a hearing Wednesday that brought together the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation to address “The status of the Merchant Marine”. The hearing focused attention on H.R. 5270, the bipartisan Growing American Shipping Act or GAS Act, which would promote the export of liquefied natural gas (LNG) on U.S.-flag vessels. Witnesses at the hearing voiced support for the legislation and efforts to increase the use of U.S. flag ships in the foreign trade. Ranking Member Garamendi said, “The U.S.

01 Aug 2014

Bill Promotes US LNG Vessel Transport

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, which aims to modernize U.S. LNG shipping export laws and strengthen the maritime industry. The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor. Existing law, written before the natural gas boom when it was thought America would be a liquefied natural gas (LNG) importer, authorizes the Secretary of Transportation to develop and implement a program to promote the transportation of imported LNG on U.S.-flag vessels.

30 Jul 2014

Growing American Shipping Bill Introduced by Garamendi

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of  H.R. 5270, the 'Growing American Shipping Act', to strengthen the U.S. maritime industry. The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor. Existing law, written before the natural gas boom when we thought America would be a liquefied natural gas (LNG) importer, authorizes the Secretary of Transportation to develop and implement a program to promote the transportation of imported LNG on U.S.-flag vessels.

18 Jun 2014

Jaenichen Weighs in on Title XI

While maritime industry trends are often unexpected and rarely coincide with the Federal budget cycle, MARAD currently holds sufficient funding to support $735 million in Title XI loan guarantees and we fully intend to use it. As a reader of Maritime Reporter & Engineering News, you’re probably familiar with Title XI shipbuilding loan guarantees and the program’s importance to the U.S. Maritime Industry. The Title XI program—administered by the Maritime Administration (MARAD)…

06 May 2013

Equalizer to Launch Spreading Wedges at OTC

Ian McCormick

In his State of the Union speech, President Obama cited America's aging energy, oil and gas and petrochemical infrastructure as cause for concern and that steps should be taken to fix issues before breakdowns occur. Failures and unplanned downtime become an increasing possibility as refineries, petrochemical plants and offshore rigs reach the latter stages of their designed lifespan. Equalizer International is introducing the world’s most powerful flange spreading wedges, the SWi range…

21 Aug 2001

Natural Gas Boom Causes Soft Offshore Rig Demand

Demand for offshore rigs in the U.S. Gulf of Mexico has softened after a natural gas drilling boom in the first half of 2001, but forces that could support a recovery may already be at work, analysts said on Monday. Drilling has slowed down in the waters off the Texas and Louisiana coasts in response to a steep drop in U.S. natural gas prices from record highs of around $10 per thousand cubic feet at the end of last year to levels of around $3 in recent weeks. The number of rigs working in the U.S. Gulf fell to 165 last week from 168 the previous week, bringing the utilization rate for the U.S. Gulf drilling fleet down to 77.8 percent from 90.5 percent in late April, according to Offshore Data Services.