The Pennsylvania Public Utility Commission (PUC) has released a settlement with Columbia Gas of Pennsylvania for public comment that alleges safety violations at two of the company’s work sites in the state.
Iron
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PG&E Gas System Eliminates Last Cast Iron Pipe
Pacific Gas and Electric Co. (PG&E) has eliminated the last of the old cast iron pipe from its natural gas distribution system in an accelerated effort that dates back to 1986 when there was still 847 miles of cast iron in the combination utility’s system.
$2B in Tax Revenue Expected from Shale-Driven Chemical Projects
Nearly 100 shale gas-driven chemical industry projects in the United States — worth about $71.7 billion — will generate $20 billion in federal, state and local tax revenue by 2020, according to an analysis released Monday by the American Chemistry Council.
Shale Activities Could Replace Former Ohio Steel Plant Site
A former steel plant in Steubenville, OH, is being redeveloped into an industrial park, a portion of which state and local officials say will be used to support operations in the Marcellus Shale.
Momentum Moving Toward Pipeline Safety Legislation
Given recent incidents involving old cast iron distribution pipeline failures, the odds are growing that some form of pipeline safety legislation could emerge from Congress later this year, some industry sources told NGI last week. Following the Allentown tragedy earlier this month (see related story), the Pennsylvania State Senate is also looking into ways to improve pipeline safety as Marcellus Shale development within the state continues to ramp up.
Momentum Moving Toward Pipeline Safety Legislation
Given recent incidents involving old cast iron distribution pipeline failures, the odds are growing that some form of pipeline safety legislation could emerge from Congress later this year, some industry sources told NGI Monday. Following the Allentown tragedy last week (see related story), the Pennsylvania State Senate is also looking into ways to improve pipeline safety as Marcellus Shale development within the state continues to ramp up.
Industry Briefs
Zurich, Switzerland-based ABB is selling its Lummus Global business to Chicago Bridge & Iron Co. (CB&I) for $950 million, the company said. Lummus provides engineering, procurement and construction management services to the upstream and downstream oil and gas, petrochemical and refining industries. The sale, which is subject to regulatory and CB&I shareholder approval, is intended to further focus ABB on its core business in power automation technology, the company said. Netherlands-based CB&I will purchase the entire Lummus Global business, which employs about 2,400 and had reported revenues of $988 million in 2006. ABB’s automation and power businesses remain committed to the oil and gas sector, the company said. In connection with the divestment of Lummus, ABB said it has discovered certain suspect payments in a number of countries. ABB reported these suspected payments to the U.S. Department of Justice and the Securities and Exchange Commission, and is cooperating fully with the authorities, while continuing its internal investigations and compliance reviews. ABB said it retains liability for potential fines and penalties.
Peru LNG Project Gets Green Light by Hunt Oil, Repsol, SK Corp.
Hunt Oil said it awarded a $1.5 billion engineering, procurement and construction (EPC) contract to Chicago Bridge & Iron (CB&I) for the Peru LNG project (PLNG) in Pampa Melchorita, Peru. The project, which is expected to provide about 4.4 million metric tons of LNG per year to the West Coast of Mexico and possibly the United States, has been given a green light to proceed by the international consortium of Hunt Oil, Spain’s Repsol and SK Corp. of Korea.
Peru LNG Project Gets Green Light by Hunt Oil, Repsol, SK Corp.
Hunt Oil said it awarded a $1.5 billion engineering, procurement and construction (EPC) contract to Chicago Bridge & Iron (CB&I) for the Peru LNG project (PLNG) in Pampa Melchorita, Peru. The project, which is expected to provide about 4.4 million metric tons of LNG per year to the West Coast of Mexico and possibly the United States, has been given a green light to proceed by the international consortium of Hunt Oil, Spain’s Repsol and SK Corp. of Korea.
Golden Pass LNG Awards $1B Engineering, Construction Contract
Golden Pass LNG LLC awarded a $1 billion lump-sum turnkey contract to Chicago Bridge & Iron Co. (CB&I) for construction of the 2 Bcf/d Golden Pass liquefied natural gas (LNG) import facility near Sabine Pass, TX. The terminal, which will deliver regasified LNG to an ExxonMobil refinery and to the U.S. gas pipeline grid, is expected to be completed in 2009 when it will begin receiving LNG from Qatar.