Air Products, which has shipped 100 LNG heat exchangers to some of the most remote natural gas fields around the world, announced that one of its future orders will have a much shorter travel time to its destination. Air Products has received its first-ever major LNG heat exchanger order for a liquefaction project based in [...]
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Dominion announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the three months ended March 31, 2013, of $495 million ($0.86 per share), compared to $494 million ($0.86 per share) for the same period in 2012. Operating earnings for the three months ended March 31, 2013, amounted to $476 [...]
Dominion Chairman, President and Chief Executive Officer Thomas F. Farrell II today discussed the U.S. shale gas boom and the opportunities presented by liquefied natural gas (LNG) exportation to lead the nation’s return to economic health and restore its status as a global energy leader. Farrell gave the remarks at the U.S. Chamber of Commerce’s [...]
Dominion announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2012, of $581 million ($1.01 per share), compared with reported earnings of $1.41 billion ($2.45 per share) for the same period in 2011. Operating earnings for the 12 months ended Dec. 31, 2012, [...]
On January 24, the final day of the Department of Energy (DOE) comment period for its macroeconomic study, the Center for Liquefied Natural Gas (CLNG) hosted representatives from small business, labor, Dominion and GE, at a Capitol Hill briefing to discuss the benefits of LNG exports across all industries. Bill Cooper, president of CLNG, said: [...]
Dominion will move forward with engineering, marketing and regulatory review processes after a declaratory judgment confirmed its right to build liquefaction facilities at its Dominion Cove Point facility on the Chesapeake Bay in Lusby, Md. Circuit Court Judge James P. Salmon of Maryland ruled that Dominion Cove Point’s agreement with environmental agencies allows it to [...]
Dominion and Caiman Energy have announced they are forming a $1.5 billion joint venture to provide midstream services to natural gas producers operating in the Utica shale in Ohio and portions of Pennsylvania. The companies expect to close on the joint venture by the end of the year. The joint venture, Blue Racer Midstream, LLC, [...]
Dominion commented on a new macroeconomic study from the Department of Energy’s (DOE) Office of Fossil Energy that confirms that selling natural gas to other countries will result in net economic benefits for the United States. Dominion said that many benefits could come to Maryland and the Mid-Atlantic region if its Dominion Cove Point LNG [...]
Dominion Virginia Power asked its Virginia regulator to approve construction of a 1,358-megawatt combined cycle, natural gas-fired power station that would serve growing customer demand and replace electricity from aging coal-fired power stations that are being retired for economic and environmental reasons. If approved by the Virginia State Corporation Commission (SCC), the $1.3 billion power [...]
Dominion Virginia Power is proposing to convert Bremo Power Station from using coal to natural gas as fuel to generate electricity. This would be the ninth company-owned, coal-fired power station announced in recent years with units to be closed or converted to alternative fuels. In its application filed with the Virginia State Corporation Commission (SCC), [...]
