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Transportation 2004 P2

  • 12/07/2004 -- Sabotage disrupts oil pipeline supplying Iraqi power plant
    Authorities have extinguished a fire that broke out in an oil pipeline supplying the Al-Musayyib power plant, south of Baghdad, as a result of sabotage.
  • 12/07/2004 -- Petrobras unit publishes bid notice for 42 vessels
    Transpetro, the transportation subsidiary of Brazil's state-owned oil firm Petroleo Brasileiro SA (Petrobras), published a bid notice for a $1.9 billion international tender to build 42 vessels to transport crude oil, products, and LPG.
  • 12/06/2004 -- Profits up sharply for tanker owners
    Charter rates for oil tankers have hit historic highs around the globe, with Asian and European shippers reporting surges of income largely due to increased purchases of crude on the world's spot market.
  • 11/29/2004 -- Clean-up continues on Delaware River following damaged tanker's oil spill
    closed to commercial traffic Monday as clean-up efforts continue following the spill Friday of about 714 bbl of heavy crude oil that caused a 20-mile oil slick. The oil was being transported from Venezuela to a refinery at Paulsboro, NJ, operated by Citgo Petroleum Corp. subsidiary Citgo Asphalt Refining Co.
  • 11/29/2004 -- Tyumenneftegaz building oil pipeline from Russia's Uvat area
    TNK-BP subsidiary OAO Tyumenneftegaz (TNG) has begun construction of a 76.5 km crude oil pipeline to connect Kalchinskoye field in the Uvat region of Russia's Tyumen Oblast with the Demyanskaya system, according to Interfax news agency.
  • 11/29/2004 -- Geomorphic approach vital to design of pipelines crossing mountain streams
    Flood discharge and stream scour studies at pipeline mountain stream crossings alone cannot adequately protect a pipeline where other, more-hazardous processes are possible.
  • 11/19/2004 -- BP awards PGS multi-azimuth 3D survey off Egypt
    BP Egypt awarded a contract to Petroleum Geo-Services ASA (PGS), Oslo, to conduct a multi-azimuth 3D seismic acquisition survey over the recent Raven-1 discovery off Egypt (OGJ Online, Mar. 26, 2004).
  • 11/19/2004 -- FERC outlines timing for rules on proposed Alaska gas pipeline
    The US Federal Energy Regulatory Commission plans to issue a final rule in 3 months to govern open seasons for anticipated capacity on Alaska's proposed natural gas pipeline.
  • 11/17/2004 -- Argentina, Brazil to finance $200 million pipeline expansion
    After extensive negotiations, Argentina and Brazil signed a letter of intent Nov. 3 to finance a $200 million expansion of Argentina pipeline company Transportadora de Gas del Sur SA's (TGS) 3,408 km San Martín natural gas pipeline from the Austral basin in southern Argentina, according to Business News Americas.
  • 11/15/2004 -- Higher transport costs drive demand for derivatives
    Oil tanker freight rates have been driven higher this year by the same forces driving crude oil prices -- strong global demand.
  • 11/15/2004 -- Trinidad and Tobago investing in Jamaican LNG regasification terminal
    Trinidad and Tobago has agreed to take 40% interest in a Jamaican LNG regasification terminal slated for construction at Port Esquivel in Kingston by 2008.
  • 11/12/2004 -- Sonatrach taps ABB for Algerian compressor expansion
    Sonatrach TRC has awarded ABB Group, Zurich, a $90 million contract to expand and improve compressor facilities on Sonatrach's natural gas pipeline system in Algeria.
  • 11/10/2004 -- Ziff: Alaskan gas crucial to N. American gas supply
    Senior pipeline executives agree that Alaskan gas will play a key role in solving a growing natural gas supply crunch in North America.
  • 11/08/2004 -- Jamaica and Trinidad and Tobago reach LNG supply agreement, plan facilities
    Trinidad and Tobago has reached an agreement to supply LNG to Jamaica under a special pricing arrangement based on a "competitive, predictable" base price with an agreed escalation cost, said Jamaica Prime Minister P.J. Patterson.
  • 11/08/2004 -- Two coating systems pass tests for arctic use
    Two girth-weld coating systems have been tested successfully by TransCanada PipeLines Ltd. for use in arctic construction and operating conditions.
  • 11/05/2004 -- MMS issues notices of Gulf of Mexico OCS Sales 194, 197
    The US Minerals Management Service (MMS) has scheduled two sales of Outer Continental Shelf leases in the Gulf of Mexico for Mar. 16, 2005, in New Orleans. Lease Sales 194 and 197 cover both deep shelf and deepwater areas.
  • 11/05/2004 -- BP Shipping sets construction of four LNG carriers
    BP Shipping has awarded a classification contract to Lloyd's Register Group, London, for four 155,000 cu m Technigaz Mk III membrane-type LNG carriers at the Hyundai Heavy Industries shipyard in South Korea. The fourth ship, Lloyds said, will be built at Hyundai's Samho yard. The contract also includes options for four additional ships.
  • 11/01/2004 -- Valero buying Kaneb Services, Kaneb Pipe Line
    Valero LP, San Antonio, agreed to buy Kaneb Services LLC and Kaneb Pipe Line Partners LP, Dallas, in a $2.3 billion cash-stock deal that will create the largest US terminal operator and the second-largest petroleum liquids pipeline operator.
  • 10/29/2004 -- Woodside to back Crystal Energy's US LNG terminal
    In what is seen as a bid to wedge open the US LNG market for Australian suppliers, Perth-based Woodside Petroleum Ltd's US subsidiary Woodside (USA) Inc. has signed a heads of agreement with Crystal Energy LLC, Houston, to develop the proposed Clearwater LNG import terminal 12.6 miles off Ventura County, Calif. (OGJ Online, Feb. 16, 2004).
  • 10/27/2004 -- Japan, China in stalemate over East China Sea boundaries
    Japan and China have emerged with widely differing views of the results of talks held Monday that aimed at resolving a maritime boundary dispute affecting potential natural gas rights in the East China Sea.

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As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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