Natural Gas Pipelines News

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced it has been awarded a dredging and disposal contract in support of the Port Arthur LNG Phase 1 project.Great Lakes has been contracted by Bechtel Energy, the engineering, construction, and procurement company that’s managing the project in partnership with Sempra Infrastructure. The Port Arthur LNG project is a natural gas liquefaction and export terminal in Southeast Texas with direct access to the Gulf of Mexico.

Russia said on Sunday that Ukraine had made unsuccessful attempt to attack a Russian naval ship with six high-speed drone boats as the Russian vessel patrolled major natural gas pipelines in the Black Sea.The 'Priazovye' ship was carrying out what Russia's defense ministry said was "monitoring of the situation and ensuring security along the routes of the TurkStream and Blue Stream gas pipelines in the southeastern part of the Black Sea."Ukraine attacked in the early hours of Sunday about 300 km south-east of Sevastopol…

Germany, racing to end its reliance on Russian gas, plans to introduce new regulation that will make it possible to expropriate property to link offshore liquid natural gas terminals to the grid, Handeslblatt reported. The new law could make it possible to use parts of Gazprom's defunct Nord Stream 1 and 2 pipelines, to link a terminal to the shore.The newspaper said a draft law due to be agreed by the government on Wednesday would make it possible to expropriate "movable objects" when necessary "to build natural gas pipelines or linked infrastructure".Until earlier this year…

Investment firm Stonepeak said on Monday it would buy Teekay LNG Partners in a deal worth $6.2 billion, as it looks to take advantage of rising global demand for LNG amid a push towards cleaner sources of energy.Prices of the benchmark U.S. natural gas contract have been on the rise, hitting seven-year highs recently. On Monday, the front-month gas futures contract was up 6.3% at $5.97 per million British thermal units (mmBtu).Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct.

The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday that it would not provide cover "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".It said members…

Enterprise Products Partners LP said on Wednesday it expects to take about two years to construct its oil export project called Sea Port Oil Terminal, or SPOT, in the U.S. Gulf of Mexico.Permitting for the terminal was expected to reach the final stages by the end of the first quarter of 2020 and final approval was expected during the second quarter, a company executive said on its second quarter earnings call.Enterprise Products signed long-term agreements with Chevron Corp to support the development of SPOT…

Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tonnes per annum (Mtpa) of LNG offtake from Phase 1 of the Port Arthur LNG export-project under development. It also includes the negotiation and finalization of a 25% equity investment in Phase 1 of Port Arthur LNG.Amin Nasser, Saudi Aramco’s CEO & President, said,“The agreement with Sempra LNG is a major step forward in Saudi Aramco’s long term strategy to become a leading global LNG player.

According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter environmental protection policies drive the growth of natural gas consumption in China. In 2018, the Chinese government introduced several environmental protection policies to further prevent and control atmospheric pollution and replace coal with natural gas in key areas, which pushed up natural gas consumption in China.The market survey by ResearchAndMarkets shows that in 2018, the consumption of natural gas for power generation…

Stolt-Nielsen Limited (Oslo Børs: SNI), Golar LNG Ltd and Höegh LNG Holdings Ltd. announced a combined investment commitment of $182 million in Avenir LNG Ltd. to pursue opportunities to deliver LNG to areas of stranded demand, as well as the development of LNG bunkering capabilities.The investment will be contributed as cash and equity-in-kind and will fund the construction of six small-scale LNG carriers, a small-scale storage terminal and regasification facilities.Avenir LNG was formed by Stolt-Nielsen in 2017 to provide LNG to markets lacking access to natural gas pipelines.

Port Corpus Christi officials are confident that the agreement signed between Cheniere Energy of Houston and China National Petroleum Corporation (CNPC) will bring increased traffic to the port, according to the San Antonio Business Journal. Officials from Cheniere accompanies President Trump on his tour to China and signed a Memorandum of Understanding with the Chinese company. CNPC is the largest gas and oil supplier and producer in China and is also one of the largest providers of oilfied services.

China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction. According to CNPC, the agreement would strengthen its cooperation with Cheniere in regards to the latter’s liquefaction and export project in the Gulf of Mexico. Cheniere is owner and operator of the first LNG export terminal in the U.S., Sabine Pass in Louisiana.

The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil. The 22-member panel passed the bill to allow the United States to export oil and boost state revenue-sharing for offshore oil and gas drilling by a vote of 12-10. Senate Energy Committee chair Lisa Murkowski, a Republican senator from Alaska, has been a long-time advocate for lifting the ban, which she said was outdated due to the rise of the United States as an energy power. In addition to unlocking crude oil exports, the bill would also speed up exports of liquefied natural gas and ensure that states that have offshore oil and gas development get their share of federal revenues. The bill will move to the Senate floor for wider debate later this summer.

Kinder Morgan Inc. will buy out Royal Dutch Shell PLC’s interest in their proposed Elba Liquefaction Co. (ELC ) joint venture in Georgia. Houston-based Kinder Morgan already owns 51% of the ELC joint venture. The firm said it would buy the 49 percent stake that it does not already own in the natural gas joint venture and it raised its dividend. ELC owns the Elba Liquefaction Project, which is proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, Georgia. Kinder Morgan expects to invest an additional $630 million in the joint venture as a result of the transaction, bringing its total investment to $2.1 billion. Construction is expected to begin in the fourth quarter, with initial production to begin in late 2017.

Brazil state-run oil company Petroleo Brasileiro SA stopped production on Sunday from its P-40 platform in the offshore Marlim Sul field after a gas leak on the vessel, an oil workers' union said on its website on Monday, citing worker reports. The P-40, a semi-submersible production platform, was producing about 45,915 barrels (7,300 cubic meters) of oil and 800,000 cubic meters of natural gas a day when it was shut down, the union said. The P-40 is at the hub of a network of five platforms in Marlim Sul and at the center of oil and gas pipelines that interlink undersea natural gas pipelines into a single export line to the coast. It is also interlinked to a pipeline system that exports oil from the neighboring Marlim field.

Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain. As sub-freezing temperatures spread in January and February, spot natural gas prices spiked at many gas delivery points in the Midwest, Northeast and New York, pushing wholesale power prices above $100 per megawatt-hour for days at a time. Customers will soon receive gas and electric bills, reflecting the higher cost of gas in January. In unregulated power markets, January bills will present a "double whammy," said Nick Akins, chief executive of American Electric Power Co, one of the largest U.S.

Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich delivered remarks today during the International Association of Drilling Contractors’ Drilling and Production Keynote Breakfast here. Director Bromwich discussed ongoing regulatory reform efforts and highlighted plans to strengthen the bureau’s enforcement tools and processes. Good morning. Thank you for the opportunity to be here with you today to discuss issues of mutual interest and concern. It is great to be back in Austin and to be back at the Barton Creek Resort. History has an odd way of repeating itself, and our lives present us with strange coincidences  The first time I came to Barton Creek was almost exactly ten years ago.

At the Baltic Sea Action Summit in Helsinki on Feb. 10, Nord Stream took a further concrete step in line with its firm commitment to preserve the Baltic Sea. Nord Stream decided to establish a new Data and Information Fund to utilize its extensive knowledge and survey data for further research and preservation of the Baltic Sea. "The Baltic Sea is the home of our project. Therefore, we want to actively participate in its improvement as part of our Baltic Sea co-operation. The Baltic Sea Action Summit is a unique opportunity, bringing together various parties and investments made for the common good," said Matthias Warnig, Managing Director Nord Stream AG. The objective of the Fund is to increase existing knowledge regarding the state of the Baltic Sea and its preservation.

Petrobras is investing $1.1B in 2003 to improve its natural gas pipelines and distribution networks, especially in Brazil's more industrialized Southeast and the less developed Northeastern region. The company is also planning to integrate its networks so that gas from the more productive Southeast can be transported to more isolated areas of the country.

It took patience, ingenuity and untold millions of dollars to heal the wounds Hurricane Katrina inflicted on Royal Dutch Shell's Mars platform, the most prolific oil-producing platform in the Gulf of Mexico. But nearly a year and a half after the storm pummeled the 36,500-ton structure with 175-mph winds and 80-foot waves that left dead fish and crumpled steel on its decks, the platform has surpassed its pre-Katrina oil production levels. The biggest step left to restore Mars to its pre-Katrina strength is the return of its drilling rig. Due in April, it will have a new 250-foot derrick atop a repaired 1,000-ton substructure that the storm ripped from its clamps and then slammed back onto the platform. And how.

Stuck at the wrong end of North America's natural gas pipelines, Massachusetts has relied on boatloads of liquefied natural gas to supplement pipeline gas for more than 30 years. The need for LNG has spiked in recent years as power producers have turned to this fuel for the region's newest -- and cleanest -- fossil fuel electricity plants. The safest terminals for unloading LNG are offshore, far away from residential neighborhoods, so it is reassuring to see that plans for two such ports are moving ahead. Both would be 8 miles or more from the coast, southeast of Gloucester. The owner of one would be Excelerate Energy of Texas, which for more than a year has been operating an offshore LNG port in the Gulf of Mexico.