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Shale Gas Industry News

06 May 2019

Natural Gas Liquid Market to Cross 14 mbl/day by 2025

Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study.Japan natural gas liquid market is projected to surpass an annual consumption of 0.2 mbl/day said the latest study by Global Market Insights.Accelerating funding’s toward chemical industry along with the manufacturing of high value-added petrochemicals will augment the industry growth.In addition, up-surge in investments toward automotive sector coupled with expansion of various industrial base including manufacturing, refineries and chemicals will positively impact the product penetration.The U.S. natural gas liquid market is set to…

12 Jan 2015

SeaRiver Names New US-flag Tanker

Eagle Bay, the second of two new U.S.-flag crude oil tankers for Exxon Mobil Corporation’s marine affiliate SeaRiver Maritime, Inc., was named at a ceremony at Aker Philadelphia Shipyard. The first-in-class vessel constructed at the shipyard incorporates the latest safety, navigation and engine room technologies and will begin supplying crude oil from Alaska North Slope to refineries along the U.S. west coast later this year. The double hull Eagle Bay is 820-feet long and has capacity to carry 800,000 barrels of oil. SeaRiver Maritime said its contract with Aker for two tankers, valued at $400 million, delivered an economic boost to the greater Philadelphia region where it generated employment and millions of dollars in revenue.

24 Sep 2014

How Specialty Lenders Can Propel Marine Operators

Eric Dusch

The surge in the shale gas industry in the U.S., as well as stepped up oil exploration in the Gulf of Mexico, is creating enormous demand for marine assets to transport fuels and supplies. To seize this growth opportunity, mid-size marine operating companies with annual revenues from $10 million to $1 billion must address several important issues. First, what is the most efficient way to finance equipment to keep up with the robust demand? Is ownership of the vessel through a loan structure the best option, or would a lease make better use of working capital?