Shipping

U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…

November 11, 2020
LNG Carriers See Tough Year Ahead on ‘Unprecedented Demand Destruction’

LNG Carriers See Tough Year Ahead on ‘Unprecedented Demand Destruction’

Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.

June 3, 2020
Qatar Reserves 60% of Global LNG Shipbuilding Capacity for $19B-Plus

Qatar Reserves 60% of Global LNG Shipbuilding Capacity for $19B-Plus

State-owned Qatar Petroleum (QP) inked agreements this week with South Korea’s major shipyards, reserving construction capacity to secure more than 100 liquefied natural gas (LNG) carriers over the next eight years in a deal valued at more than $19 billion.

June 2, 2020
COLUMN: An Explanation of Shipping, LNG’s Pipeline on Water

COLUMN: An Explanation of Shipping, LNG’s Pipeline on Water

You need some serious tonnage to move vast quantities of super-chilled natural gas from one continent to another. The massive ships used to transport liquefied natural gas (LNG) add another element to the export trade that can’t be overlooked for those who want to better understand the market.

May 1, 2020

North Dakota In Rail Emergency, Governor Tells Feds; Crude v. Corn

While crude oil from North Dakota moves increasingly by rail, Gov. Jack Dalrymple on Thursday told a federal transportation panel field hearing in Bismarck that his state is suffering from inadequate rail service for its multi-billion-dollar agricultural industry.

September 5, 2014

Oilsands Project Gets Green Light in Utah

The first oilsands project with longer term commercial possibilities in Utah has gotten approval to move forward from a citizen appeal board for the state Division of Oil, Gas and Mining (DOGM). It’s backers say it is the first commercial-scale oilsands project in the United States.

January 16, 2013

Petronas Adds C$500M to Progress Energy Bid

Malaysian national oil company Petronas has increased to approximately C$6 billion its bid for Progress Energy Resources Corp. in a deal that would create a company that would deliver Canadian natural gas to world markets, Progress said. The amended offer was made in an effort to block an unsolicited proposal from another company.

August 1, 2012

Petronas-Progress Combo to Deliver Canadian Shale Gas to the World

Malaysian national oil company Petronas plans to combine its liquefied natural gas (LNG) expertise with the unconventional resources abilities of Calgary-based Progress Energy Resources Corp. by acquiring Progress in a deal worth C$5.5 billion including debt. The combined enterprise would deliver Canadian natural gas to world markets.

June 29, 2012

Deep Panuke Gas to Flow in March

Encana Corp.’s long awaited Deep Panuke project, 155 miles southeast of Halifax on the Nova Scotian Shelf, will begin shipping its first natural gas by the end of March, according to company officials.

October 31, 2011

Deep Panuke Gas to Flow in March

Encana Corp.’s long awaited Deep Panuke project, 155 miles southeast of Halifax on the Nova Scotian Shelf, will begin shipping its first natural gas by the end of March, officials said last week.

October 25, 2011
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