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Sunday, October 25, 2020

Natural Gas News

(Photo: Great Lakes Dredge & Dock)

Great Lakes Dredge & Dock Moving Its HQ to Houston

Great Lakes Dredge & Dock Co. announced Thursday it is moving its corporate headquarters to Houston, positioning the nation’s largest dredging services provider nearer to major regional projects and opportunities. The firm will also open regional offices in Jacksonville, Fla., and Staten Island, N.Y.The move to Houston from from Oak Brook, Ill., which stems in part from changing industry dynamics, places the company closer to key regional customers and new markets, especially along the Gulf Coast and the Mississippi River…

(Photo: Sydney Phoenix / U.S. Coast Guard)

US Army Corps Clearing Debris from Louisiana Calcasieu Ship Channel After Delta

The U.S. Army Corps of Engineers said on Wednesday that it may be able to clear enough debris from Hurricane Delta to open the Calcasieu Ship Channel in Louisiana to vessels drafting up to 30 feet (9.14 m) with restrictions by the end of the week.The Army Corps, however, said it does not have a timeline for restoration to full deep draft (40 feet) traffic.Analysts said a fully laden liquefied natural gas (LNG) tanker has a draft of around 40 feet.

(File photo: Carlos Galarza / U.S. Coast Guard)

Army Corps Assessing Louisiana Calcasieu Ship Channel After Delta

The U.S. Army Corps of Engineers said on Tuesday it has identified three obstructions from Hurricane Delta that have to be removed before it can reopen the Calcasieu Ship Channel in Louisiana to deep draft vessels.The Army Corps, however, said it needs more data before it can estimate how long it will take to dredge the channel.That channel allows tankers to access the Cameron liquefied natural gas (LNG) export plant, the Lake Charles refineries owned by Citgo Petroleum Corp and…

(Photo: Sovcomflot)

Sovcomflot IPO Expected to Price at Low End of Range

Russian shipping company Sovcomflot is guiding investors to expect its initial public offering (IPO) to price at the low end of the marketing range, two bookrunners organizing the transaction said on Tuesday.The first big stock market float by a Russian company in a couple of years comes as wider investor sentiment towards Moscow has turned negative after the poisoning of Kremlin critic Alexei Navalny, protests in Belarus and renewed clashes in Nagorno-Karabakh.Russian assets…

© Igor Groshev / Adobe Stock

Singapore Ramping Up LNG Bunkering Capacity

Singapore’s annual liquefied natural gas (LNG) bunkering capacity is expected to hit 1 million tonnes by 2021, as the world’s largest marine refueling hub transitions toward cleaner shipping fuels, a senior minister of state said on Tuesday.The push is part of the International Maritime Organization’s (IMO) aim to halve the sector’s greenhouse gas emissions by 2050 from 2008 levels.“As the maritime community continues the search for low or zero carbon fuels to meet the IMO’s 2050 goal, LNG is a viable transitional fuel to mitigate CO2 (carbon dioxide) emissions from ships,” said Chee Hong Tat,

© Almeida Ilha / MarineTraffic.com

Golar Unit CEO Takes Leave of Absence Amid Corruption Probe

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and infrastructure operator formed with U.S. private equity firm Stonepeak Infrastructure Partners.Antonello's functions will be taken over temporarily by Hygo's board…

The Royal Bahrain Naval Force coalition ship, RBNS Al Muharraq, operates in the Arabian Gulf during a sentry patrol as part of the International Maritime Security Construct (IMSC). The IMSC maintains the freedom of navigation, international law, and free flow of commerce to support regional stability and security of the maritime commons. (Royal Bahrain Naval Force Courtesy Photo).

On Watch: International Coalition Monitors, Protects Middle East Shipping Lanes

The International Maritime Security Construct (IMSC) was created July 2019 as a way to deter unprofessional behavior in the waters of the Middle East region through its operational arm, Coalition Task Force (CTF) Sentinel.The IMSC comprises eight nations – Albania, Australia, Bahrain, Saudi Arabia, Lithuania, United Arab Emirates, United Kingdom and United States – who deploy personnel, ships and aircraft throughout the region as part of the international surveillance and detection effort.Since establishing CTF Sentinel…

Historical growth and prospects of gas investment for short-, medium- and long-term ($ billion). Source: GECF Secretariat, based on data from the GECF GGM

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire gas value chain among all gas market stakeholders [1].Since the start of 2020, every aspect of the global economy, including investment projects in natural gas industry, have been strongly hit by the outbreak of the Covid-19 pandemic.

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

CMA CGM Tenere (Photo: Eastern Pacific Shipping)

World's First LNG-powered Very Large Containership Delivered

Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14,800 twenty-foot equivalent unit (TEU) capacity CMA CGM Tenere is one of six containerships in a series being built for EPS by Hyundai Samho, a unit of shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. The six neo-Panamax box…

© Nord Stream 2 / Axel Schmidt

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline, effectively freezing its…

Hurricane Sally (Photo: NOAA)

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane is disrupting oil imports and exports as the nation's sole offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.The U.S. government said 21%…

© MAGNIFIER / Adobe Stock

ABS Introduces ‘Alternative Fuel Ready’ Guide

Classification society ABS announced Tuesday it has introduced an ‘Alternative Fuel Ready’ approach to help shipowners prepare their fleets for the introduction of alternative fuels.Introduced through the newly published Guide for Gas and Other Low-Flashpoint Fuel Ready Vessels, the new approach is the latest contribution from ABS to assist the industry with the adoption of new fuel technologies.The guide is designed to support shipowners looking to build a new vessel or convert an existing one to use liquefied natural gas (LNG)…

A trio of marine powers in Japan -- NYK, IHI Power Systems Co., Ltd., and ClassNK -- seek to develop the world’s first ammonia-fueled tugboat. Image Courtesy NYK, IHI Power Systems, ClassNK

Japan Trio Begins Work on an Ammonia-Fueled Tugboat

As the marine industry works to find the ‘fuel of the future’ to address increasingly stringent emission regulations, an interesting development from a trio of marine powers in Japan seeks to develop the world’s first ammonia-fueled tugboat. The joint research and development agreement was signed by NYK, IHI Power Systems Co., Ltd., and ClassNK recently to put the world's first ammonia-fueled tugboat into practical use.With the entry into force of the Paris Agreement in 2016, global momentum for decarbonization has increased…

File photo (Credit: Andrew Kendrick, U.S. Coast Guard)

US Energy Exports Severely Disrupted by Hurricane Laura

Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports.The hurricane also temporarily suspended operations at several liquefied natural gas (LNG) facilities in the world’s third largest exporter of the super-cooled gas, with shipments on track to fall to their lowest in 18 months.Laura made landfall early Thursday near the Texas-Louisiana border…

© Igor Groshev / Adobe Stock

US LNG Loading Delays Expected as Hurricane Slams Gulf Coast

Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several LNG plants to shut.Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms ever to hit the state, with forecasters warning it could push a wall of water 40 miles (64 km) inland from the sea. Landfall came near Louisiana's border…

(Photo: Port of Indiana-Burns Harbor)

Port of Indiana Handling Cargo for $1 Billion Power Plant

More than 600 pieces of cargo, some as large as 600,000 pounds and 100-feet long, will be shipped through the Port of Indiana-Burns Harbor for a $1 billion power plant project at the Indeck Niles Energy Center in Michigan.In total, there will be six vessels arriving to the northern Indiana deepwater port with the cargoes from June through August, the first of which was the BBC Florida on June 29.The largest piece being shipped to the port is the steam recovery system, also known as a Heat Recovery Steam Generator.

Plaquemines Port to Build Mississippi River Container Terminal

Plaquemines Port Harbor and Terminal District (PPHTD) said it has signed a letter of intent (LOI) with several potential partners to development a multi-modal container terminal on the Mississippi River in Plaquemines Parish, La.The signing of the LOI kicks off a six-month due diligence period during which the parties will conduct multiple studies prior to making a final investment decision (FID).The proposed container terminal would encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage just 50 miles from the Gulf of Mexico.

Fraserborg loading wheat bound for Italy at the Riverland Ag Corp. terminal in Duluth, Minnesota, on June 15, 2020. (Photo: Duluth Seaway Port Authority)

US Great Lakes Ports See Mixed Impacts from COVID-19

U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.7 million metric tons of cargo was shipped via the bi-national trade corridor. While these volumes were down 8% compared to the same time period in 2019, cargo shipments improved in June narrowing the year-over-year decline.Craig H.

Ammonia-fueled ammonia gas carrier concept (Image: NYK Line)

Japanese Partners Eye Ammonia as Marine Fuel

A joint research and development (R&D) project initiated by a group of Japanese maritime companies aims to utilize ammonia as a marine fuel and establish methods for the mass transportation and supply of ammonia.The joint R&D agreement signed by NYK Line, Japan Marine United Corporation and Nippon Kaiji Kyokai (ClassNK) on August 6 will target the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia…

© nevskyphoto / Adobe Stock

China Ramps up US Oil Purchases Ahead of Trade Deal Review

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the Phase 1 of the trade deal.China had emerged as a top U.S.

Neil Palomba (left) and Gus Antorcha (Photos: Carnival Corp)

Carnival Makes Leadership Changes at HAL, Costa

Carnival Corporation announced another set of moves within its global leadership team as part of the company's broader efforts to streamline operations and prepare the organization for the eventual resumption of cruising amid the coronavirus health crisis.Gus Antorcha, currently chief operations officer for the group's Carnival Cruise Line brand, has been named president of the company's Holland America Line, while Neil Palomba, currently president of the company's Italy-based Costa Cruises…

© mumemories / Adobe Stock

Cryopeak Inks Deal with Island Tug & Barge for LNG Bunkering

Cryopeak LNG Solutions Corporation said Wednesday it has signed a Memorandum of Understanding with marine bulk fuels transporter Island Tug & Barge Ltd. (ITB) to deliver liquefied natural gas (LNG) bunkering services in Southwest British Columbia, Canada.Cryopeak and ITB have developed a design for a 4,000-cubic-meter articulated tug and barge (ATB) which is planned to be in operation in 2023. A key feature of this solution is that it will leverage one of ITB's tugs designed and…

© Oleksii / Adobe Stock

Insurgents Seize Port Near Total's Mozambique LNG Project

Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks on the town - 60 km (37 miles) south of the projects being developed by oil majors like France's Total - this year as insurgents with links to Islamic State have stepped up attacks in the region.

(File photo: Freeport LNG)

US LNG Exports at 20-month Low

Natural gas flows to U.S. liquefied natural gas (LNG) export plants plunged this month after falling to a 20-month low in June as coronavirus lockdowns cut global demand for the fuel.Before the pandemic slashed energy demand, U.S. producers counted on LNG exports to keep growing fast as an outlet for their record gas output. But after soaring 68% in 2019 and 53% in 2018, U.S. LNG exports were only expected to rise about 7% in 2020.Gas pipeline flows to U.S. LNG export plants dropped…

© Tryfonov/Adobe Stock

Ship Emissions: ABS Spearheads the Future of EEDI for Ships

A team led by ABS has been awarded a contract by the European Commission (EC) to explore future directions for the IMO’s Energy Efficiency Design Index (EEDI) for ships.The landmark study will look at ways to improve and accelerate the integration of low-carbon fuels and innovative technologies into the requirements of the index, which was originally created to reduce emissions from ships by promoting design improvements and the adoption of more energy-efficient power systems.The EC…