- Targets set for Plug Power
- Third quarter increases for Air Products
- Praxair income and sales increase
- Coega investor construction booming
- HyperSolar stresses need for “greener” H2
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Latest LNG news
LNG projects reach milestones
Northwest Australia’s Ichthys and Gorgon liquefied natural gas (LNG) projects each have reached construction phase milestones, while the first of three LNG projects on the eastern coast of Curtis Island is close to start-up.
HHIC will build world’s first
Hanjin Heavy Industries & Construction (HHIC) announced that it signed a contract for the construction of an LNG bunkering vessel (5,100?) with NYK in Japan, the company has announced.
LNG agreement signed in Canada
Steelhead LNG and Huu-ay-aht First Nations sign Opportunity Development Agreement for LNG project on Huu-ay-aht First Nations land at Sarita Bay.
ACD pump passes FAT
ACD successfully passed its First Article Test (FAT) of the world’s first LNG fuel gas pump system for TOTE’s LNG-Powered Containerships.
Worldwide LNG fuel development
GDF SUEZ has signed an agreement with NYK and Mitsubishi to develop LNG as marine fuel worldwide. The deal is the first bunkering supply contract between shipping operator UECC and GDF SUEZ.
Finance
Third quarter increases for Air Products
Air Products today reported third quarter results led by strong performance in Merchant Gases, and Electronics and Performance Materials. For the quarter ended June 30, 2014, net income was $314m, up 9%, and diluted earnings per share (EPS) was $1.46, an increase of 7%, compared with results for the third quarter of 2013.
Increasing pressure on refining margins, says report
An additional 11.7 million barrels per day (mmbd) of Crude Distillation Capacity (CDU) will come online globally between 2014 and 2020, with an annual average of 1.6 mmbd, says a new report from GlobalData – a dynamic which it is claimed will impact negatively upon refining margins.
Fortune 500 listing for Airgas
Airgas named on the 2014 Fortune 500 list of largest US companies by annual revenue – and ranks 42nd overall for the 10-year average total returns to investors.
New rental business launched
CLEANCOR Energy Solutions has formed a new cryogenic and high pressure gas equipment rental business for the processing and transport of product associated with this sector.
Features
Industrial gases supporting entire natural gas production chain Subscription
This fortnight’s gasInsight feature looks at the vital role our industry plays across the entire petrochemical processing spectrum. Part One is below with Part Two published in two weeks time.
Technology
Major investment in US
Air Liquide has expanded its relationship with OCI N.V. in Beaumont, Texas, after the company secured a deal to supply the oxygen for a new world-scale methanol plant.
Witt stresses importance of valves
Gas non-return valves (check valves) protect systems, outlet points and pipelines against unwanted and potentially hazardous gas mixtures.
CO2 emissions converted to fuel?
An Israeli company has developed a system that converts carbon dioxide emissions into synthetic gas – resulting in another way that harmful pollutants to our atmosphere can be removed and changed into a renewable heat source.
Coal industry “shadowed” by carbon constraints
As governments globally seek to reduce their CO2 emissions, it looks increasingly likely that “King Coal” will lose its crown, and a significant decline in coal production and consumption globally is becoming a much more realistic scenario, Standard & Poor’s RatingsServices noted in a report published today.
New high pressure valve launched
Harrison Valve has introduced a new high pressure valve (VH Series) to the industrial gas and critical safety markets. The new double o-ring ultra high pressure brass valves deliver “industrial strength performance”.
Other LNG news
“Bright future” for LNG
Across Europe and Asia, many pose the question – what role will natural gas play in the future energy mix in relation to coal, oil, natural gas, renewables and nuclear? In a recent interview, Laszlo Varro, Head of Gas, Coal & Power Division for the International Energy Agency (IEA) commented on the prominence of natural gas.
HyGear signs agreement with KOGAS
HyGear has signed an agreement with KOGAS to fixate the ambitions to collaborate in the Korean market. The agreement has strategic benefits for both companies.
Cameron LNG approved
Sempra Energy has received authorisation from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate a liquefaction and export facility in Hackberry, Louisiana – called Cameron LNG.
HHI selects Cryostar pumps
Hyundai Heavy Industries (HHI) has chosen Cryostar’s high-pressure fuel gas pumps to be installed in two LNG carriers which will be constructed for Knutsen OAS at HHI in Ulsan, South Korea.
LNG deals for Chart
Houston, Texas, based Thigpen Energy has selected Chart for the provision of LNG fueling equipment and supplies – with construction already underway. Earlier this week it was announced that the company’s eastern European outfit, Chart Ferox, was chosen to construct LNG filling station in Poland.
