KMEP to build fifth Jones Act product tanker

Kinder Morgan Energy Partners LP (KMEP) has expanded its contract with General Dynamics Nassco for the design and construction of an additional 50,000 dwt LNG-conversion-ready product tanker with a cargo capacity of 330,000 bbl.

Construction is slated to start in fourth-quarter 2015 with delivery expected in second-quarter 2017. The tanker will be constructed as a sister tanker to the four Jones Act tankers currently under construction at the Nassco shipyard in San Diego.

KMEP in January acquired APT and State Class Tankers for $960 million. At that time, KMEP purchased five operating vessels and noted it would invest an additional $214 million to complete funding for the construction of four new Jones Act-qualified vessels, which will be delivered between November 2015 and October 2016. KMEP says pricing for the additional tanker is consistent with the previously reported transaction.

Related Articles

WINTER HITS U.S. INDUSTRY, STRAINS GAS SUPPLY

01/01/1990 A record breaking cold front before and during the weekend of Dec. 23 shut down several major refineries and petrochemical plants in the U.S. Gulf ...

TEX/CON, SPUN OFF FROM BP, UP AND RUNNING

01/01/1990 BP Exploration Western Hemisphere has spun off its U.S. Lower 48 onshore exploration/development and gas gathering, transportation, and marketing a...

SAMEDAN BUYS GULF OF MEXICO PRODUCTION

01/01/1990 Samedan Oil Corp. has expanded its inventory of producing leases in the Gulf of Mexico. The wholly owned subsidiary of Noble Affiliates Inc., Ardmo...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected