Thursday, 24 July 2014

LNG ship

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.

LNG boat building

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.

busines-deal-gas_world

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-Fat

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.

LNG ship Liquefied Natural Gas

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.

Economic analysis report 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.

Pipes refinery

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.

Dollars finance coins currency

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.

North America night view

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.

Lindewelding-gas_Insight

Industrial gases supporting entire natural gas production chain Subscription

By Stuart Radnedge

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.

More features

Technology

Air Liquide Plant

Major investment in US

21 Jul 2014 | By Stuart Radnedge

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-check-valve

Witt stresses importance of valves

22 Jul 2014 | By Stuart Radnedge

Gas non-return valves (check valves) protect systems, outlet points and pipelines against unwanted and potentially hazardous gas mixtures.

Carbon dioxide CO2 global green

CO2 emissions converted to fuel?

17 Jul 2014 | By Stuart Radnedge

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.

CO2 smoke Moscow carbon dioxide

Coal industry “shadowed” by carbon constraints

22 Jul 2014 | By Stuart Radnedge

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.

Harrison-Valve-new

New high pressure valve launched

22 Jul 2014 | By Stuart Radnedge

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

3rd Annual Gas Asia Summit (GAS)

“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-KOGAS-deal

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.

LNG ship

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.

Cryostar

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.

Chart-LNG-gas_world

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.

Thermal Dispersion Mass Flow Meter

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