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HaiSea Marine orders five tugs for LNG Canada contract May 28, 2021 4:25:pm Summary by: Dale Lunan Posted in: HaiSea Marine orders five tugs for LNG Canada contract HaiSea Marine, a joint venture of Haisla Nation and Seaspan, has entered into a contract with Turkey’s Sanmar Shipyards for a fleet of five tugboats that will support the Anglo-Dutch Shell-led LNG Canada project in Kitimat, on Canada’s west coast. The tugboat fleet, based on designs from Vancouver naval architect Robert Allen Ltd selected by LNG Canada and HaiSea Marine earlier this year, will consist of two dual-fuel (LNG and diesel) RAstar 4000-DF escort tugs and three ElectRA 2800 battery-powered harbour tugs ....
Canada’s TC Energy reports Q1 loss on Keystone XL May 7, 2021 4:15:pm Summary by: Dale Lunan Posted in: Canada’s TC Energy reports Q1 loss on Keystone XL Canadian energy infrastructure company TC Energy said May 7 it had a Q1 2021 net loss of C$1.1bn (US$900mn). It said that was mostly due to a $2.2bn impairment taken when US president Joe Biden revoked the presidential permit for the Keystone XL crude oil pipeline project in January. Net income in Q1 2020 was C$1.1bn. Comparable earnings for the quarter were C$1.1bn, unchanged from a year ago, while comparable Ebitda slipped to C$2.49bn from C$2.53bn, reflecting reduced contributions from Mexico gas pipelines, liquids pipelines and power and storage operations. ....
Petronas inks first Canadian-indexed LNG deal May 7, 2021 3:05:pm Summary by: Dale Lunan Posted in: Petronas inks first Canadian-indexed LNG deal Malaysian state Petronas LNG (PLL) said May 7 it had introduced a new LNG pricing index based on the AECO gas trading hub in Canada. It had just sold a spot LNG cargo to an Asian buyer for delivery in August. Petronas said the sale of the spot cargo based on AECO pricing is a significant step towards establishing a transparent price index in the LNG market to not only complement Petronas’ pricing diversification for cargoes but also for the supply of LNG from the Anglo-Dutch Shell-led LNG Canada project. It said it is due to start commercial deliveries in 2024. ....
Natural Gas Daily: December 16th, 2020 Dec 16, 2020 10:00:pm Summary by: NGW Australian LNG exports this year are expected to reach record 78mn metric tons, up from 77.5mn mt in 2019, energy consultancy EnergyQuest said in a report. This was despite supply disruptions from Gorgon, Australia’s second-largest project, and delays to the start-up of the Prelude floating LNG project, EnergyQuest said. “One of the reasons for the strong performance was record production from the east coast LNG projects at Gladstone.
The European Commission (EC) has proposed excluding oil and natural gas infrastructure from its list of projects of common interest (PCIs) that enjoy EU financial and regulatory support, it reported on December 15. ....