Teekay LNG Partners today reported adjusted net income of $35.6 million for the quarter ended March 31, 2012, compared to $25.9 million for the same period of the prior year. During the first quarter of 2012, the Partnership generated distributable cash flow of $50.8 million, compared to $39.1 million in the same quarter of the [...]
Waste Management today announced it has started construction on its new compressed natural gas (CNG) fueling facility to convert its fleet of trucks that service the Columbus, Ohio area. This will be Waste Management’s first fleet of compressed natural gas trucks in Ohio. The CNG fueling station is being built at its Canal Winchester location. “This [...]
BC Premier Christy Clark applauded the continued progress of the liquefied natural gas (LNG) export facility near Kitimat, LNG Canada. Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation and PetroChina Company Limited announced that they are jointly developing LNG Canada. Two LNG processing units near Kitimat are proposed, each with the capacity to produce [...]
Following a world survey of the marine industry, Zeus Development Corporation has identified 63 LNG-fueled ships in operation or under development, up from 48 units last December. These ships do not include more than 300 tankers that also consume LNG. June 6-7, Zeus will host an LNG-Fueled Marine Advancements meeting to present the survey, review [...]
The B.C. Ministry of Energy and Mines yesterday announced the Greenhouse Gas Reduction regulation that advances the adoption and deployment of natural gas vehicles (NGVs) in BC. Westport Innovations believes this important program will benefit British Columbia’s economy, environment and transportation options for industry. The regulation permits a utility to spend up to $62 million [...]
Shell, Korea Gas Corporation (KOGAS), Mitsubishi Corporation, and PetroChina Company Limited yesterday announced they are developing a proposed liquefied natural gas (LNG) export facility in Western Canada, near Kitimat, British Columbia. This project will help make Canada’s abundant supplies of cleaner-burning natural gas available to global markets including Asia’s dynamic and fast-growing economies. It brings [...]
Westport Innovations, the global leader in natural gas engines today announced a broad range of product enhancements to meet customer needs in its best-in-class solution for natural gas Class 8 trucks: • Higher Horsepower and Torque -The Westport HD 15L will now be available in North America with up to 550 horsepower and 1850 lb-ft [...]
Cheniere Energy Partners announced today that it has entered into a Unit Purchase Agreement with investment funds managed by Blackstone Energy Partners and Blackstone Capital Partners. Under the Agreement, Blackstone has agreed to purchase $1.5 billion newly issued CQP Class B units from Cheniere Partners in a private placement. As previously announced, Cheniere Energy, has [...]
Excelerate Energy is moving forward with the development of the first floating liquefaction facility in the United States utilizing its Floating Liquefaction Storage Offloading vessel (FLSO) technology. The Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus Christi on the Texas Gulf Coast, and will be designed to export [...]
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Wärtsilä Hamworthy, the global leader in environmental and liquid cargo handling solutions for the marine and oil & gas markets, has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras. The units, each of which will be able to handle 150,000bpd, [...]
