Archive for the ‘Transportation’ Category
Oman LNG lets contract for Sur plant
May 15th, 2019 by Latest News
Oman LNG has let a contract to KBR to provide debottlenecking services for its 34 million-cu m/day liquefaction plant on the coast at Qalhat near Sur, in Oman’s South Sharqiyah Governorate. As part of the of the contract, KBR will provide front-end eng…
SemCAMS Midstream has entered into an asset joint venture with Keyera to build an NGL and condensate pipeline system connecting the liquids-rich Montney and Duvernay shale production areas of northwestern Alberta to fractionation and condensate hubs in…
IGU: Global LNG imports rose 40% in 2018 vs. 2017
May 14th, 2019 by Latest News
Continued growth in US Henry Hub-priced LNG exports and a general rise in spot LNG cargoes led to the highest year-to-year increase ever in total global LNG imports during 2018, the International Gas Union said as it released its 2019 Wholesale Gas Pri…
Mozambique grants approval for Rovuma LNG project
May 14th, 2019 by Latest News
ExxonMobil and its Mozambique Rovuma Venture partners have received approval from the government of Mozambique for the joint venture’s development plan for Rovuma LNG, which will produce, liquefy, and market natural gas from three reservoirs in the Are…
China raises US LNG import tariffs to 25%
May 14th, 2019 by Latest News
In retaliation for the US increasing the tariff on $200 billion in Chinese goods to 25% from 10%, which took effect May 10, China reported May 13 it will assess a 25% tariff on US LNG starting June 1—an increase from the 10% level instituted in Septemb…
Cameron LNG starts production from Train 1
May 14th, 2019 by Latest News
Cameron LNG has started production of LNG from Train 1 of its facility in Hackberry, La. In the initial phases, the production is a precursor to a first cargo, which is expected later this quarter, said McDermott International Inc.
Shell Midstream Partners LP, Houston, has agreed to acquire Shell’s 25.97% equity interest in Explorer Pipeline Co. and 10.125% equity interest in Colonial Pipeline Co. for $800 million. The acquisition will increase Shell Midstream Partners’ interest …
Freeport LNG Development LP has selected KBR Inc. as the preferred bidder for the engineering, procurement, construction, and commissioning contract for Train 4 at Freeport LNG’s export facility on Quintana Island near Freeport, Tex.
Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 coventurers—has entered into a 17-year, 1.6 million-tonne/year LNG supply agreement with Jera Co. Inc. and CPC Corp.
IFM Investors to acquire Buckeye Partners
May 10th, 2019 by Latest News
IFM Investors, through the IGM Global Infrastructure Fund, agreed to acquire Buckeye Partners LP, Houston, in an all-cash deal with an enterprise value of $10.3 billion and an equity value of $6.5 billion.