Encana Corp's (TSX, NYSE: ECA) Encana Natural Gas Inc. subsidiary opened a new compressed natural gas (CNG) station in Strathmore, Alberta, Canada to support the increased use of the fuel in fleet vehicles.
BP is considering a $5 billion, four-phase expansion of its Tangguh LNG plant in Indonesia in order to meet increased demand for the fuel from Japan, according to a Bloomberg report. The plan would increase the number of trains at the facility from two to eight.
DCP Midstream LLC announced a request for binding interest from shippers on its proposed Southern Hills Pipeline. The project is part of its soon to be completed acquisition of the Seaway Products Pipeline Co. from ConocoPhillips.
Veresen Inc. (TSX:VSN) and Enbridge Inc. (TSX:ENB) (NYSE:ENB), joint owners of Alliance Pipeline, announced approval by their respective boards of directors which will allow Alliance to proceed with development of a natural gas pipeline lateral and associated facilities to connect production from the Hess Tioga field processing plant in the Bakken region of North Dakota to the Alliance mainline near Sherwood, ND.
As the Department of State proceeds with its 90-day consultation period to determine if TransCanada Corporation's, Calgary, (TSX: TRP) (NYSE: TRP) proposed Keystone XL pipeline is in the U.S. national interest, an independent economic study finds that the construction of the project should provide significant, positive contributions to the Texas economy by stimulating over 50,300 person years of employment - a combination of construction and spin-off jobs. One person year of employment is the equivalent of one full-time job for one year. Additionally, the pipeline would stimulate over 6,700 person years of employment in Kansas.
Aqua America Inc. (NYSE: WTR) and Penn Virginia Resource Partners, LP (NYSE: PVR) announced that certain of their operating subsidiaries have formed a joint venture, Aqua — PVR Water Services LLC, to construct and operate a private pipeline system to supply fresh water to natural gas producers drilling in the Marcellus shale in north-central Pennsylvania. The 12-inch diameter steel pipeline will largely parallel the trunkline of PVR's gathering system in Lycoming County and will share PVR's existing rights-of-way.
Hyundai Heavy Industries Co. Ltd. secured a $400 million agreement to build two 155,000 cubic meter dual-fuel LNG carriers for BW Maritime with an option for two more ships. The first of these vessels will be delivered in the second half of 2014 with the second being delivered in the first half of 2015. The ships will be used to deliver LNG into Singapore.
On September 19, the third anniversary of the U.S. State Department’s consideration of the proposed Keystone XL pipeline project, the American Petroleum Institute (API) said this should be one of the shovel-ready projects the president considers as part of his jobs program.
Liquefied natural gas prices are surging to a three-year high as demand from Japan, China and India outpaces supply increases, boosting sales for producers from BG Group Plc (BG) to Exxon Mobil Corp. (XOM).
Apache Corp. (NYSE, Nasdaq: APA) announced that an Apache Australian subsidiary and its partners have signed long-term sales and purchase agreements with Kyushu Electric Power Company, Inc. for liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia.
Dr. Simon G. Podkolzin of Stevens Institute of Technology and Dr. Israel E. Wachs of Lehigh University are studying the fundamentals of a new catalytic process for converting natural gas into benzene and other easily shippable liquid hydrocarbons over supported molybdenum nanoparticles. Their joint research has recently been awarded a research grant from the National Science Foundation (NSF).