Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project. The Wheatstone hub will provide a reliable new source of energy to Australia and the region. It... Read more..

Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel and gasoline rise as the global economy slowly mends. The largest publicly traded company’s... Read more..

Teekay LNG Partners Announces Pricing of Follow-On Offering

Teekay LNG Partners L.P. announced that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partner interests, at $17.60 per unit. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 600,000 units to cover over-allotments, if any. The Partnership expects to use the proceeds of the offering to repay amounts outstanding on one of its revolving credit facilities. The offering... Read more..

Aspen Aerogels Delivers Aerogel Insulation to Technip for Subsea Natural Gas Pipeline in Brazil

Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production facility (1,400 meters deep). Technip already has installed the Spaceloft insulation on the piping... Read more..

GDF SUEZ Energy North America Affiliate Completes Acquisition of FirstLight Power Enterprises, Inc.

GDF SUEZ Energy North America announced the acquisition of FirstLight Power Enterprises, Inc. (FirstLight) from Energy Capital Partners is now complete. FirstLight owns and operates a unique portfolio of 15 power generation plants — primarily pumped storage and traditional hydro facilities. It also has a state-of-the-art natural gas peaking power plant in construction. Together, these 16 facilities have a combined capacity of 1,538 MW in Massachusetts... Read more..

PACCAR Australia and Westport to Produce Natural Gas Trucks

Westport Innovations Inc. and PACCAR Australia Pty Ltd. announced that the companies will develop and commercialise liquefied natural gas (LNG) Kenworth trucks for the Australian market. Australia’s Kenworth Trucks, a division of PACCAR, plan to begin factory-installed production in mid-2009 beginning with the T908, K108 and T408SAR truck chassis and roll out across additional models into the future. The LNG trucks, featuring the Westport high... Read more..

Border Valley Converts Fleet to Clean Fuel with ALT LNG

Applied LNG Technologies USA, LLC announced an agreement to supply liquefied natural gas (LNG) to Border Valley Trading for use in their new fleet of LNG fueled trucks used in the distribution of their feed products. Border Valley, founded with a primary goal of becoming the best export forage company in the industry, is now one of the largest exporters of compressed hay products in the state of California. Long a leader in feed safety, Border Valley... Read more..

Waterborne Energy Points to Drop in Algerian LNG Production as Key in Summer Spot Price Spike

Ongoing production challenges at Sonatrach’s aging Algerian LNG complex has played a role in the recent record global spike in LNG prices experienced this summer, according to Waterborne Energy, a Houston-based consulting firm that specializes in LNG markets. “In April, it was reported that production would be reduced at Arzew due to scheduled maintenance,” says Steve Johnson, president of Waterborne Energy. “We later learned of an incident... Read more..

Dominion Cove Point Earns LEED Certification for Energy-Efficient Building

Dominion dedicated a new administration building at its Cove Point liquefied natural gas facility that has earned “silver” certification from the Leadership in Energy and Environmental Design (LEED) program for meeting stringent standards for its energy usage and environmental impact. The levels of certification are certified, silver, gold and platinum — the highest. “Dominion is committed to operating Cove Point in harmony... Read more..

SUEZ Energy North America Affiliate Signs Agreement to Acquire FirstLight Power Enterprises, Inc.

SUEZ Energy North America and FirstLight Power Enterprises, Inc. announced the signing of an agreement to acquire FirstLight from Energy Capital Partners. FirstLight owns and operates a unique portfolio of 15 power generation plants — primarily pumped storage and traditional hydro facilities — and has a state-of-the-art natural gas peaking facility in advanced development. Together, these 16 facilities have a combined capacity of 1,538... Read more..