Hornbeck-Leevac Marine Services Inc., Mandeville, La., has expanded its tug and tank barge fleet by acquiring the Spentonbush/Red Star Group marine transportation fleet of nine tugs and nine barges from Amerada Hess Corp. for $28 million in cash. Hornbeck-Leevac has also entered into a strategic alliance with Amerada Hess in the northeast US market.
PetroChina Co. Ltd. has shortlisted ExxonMobil China Gas Pipeline Ltd. as a possible foreign participant in the west-to-east gas pipeline project in China. The line will transport gas from the Tarim and Ordos basins of western China and transport it 2,500 miles to gas markets in and near Shanghai.
The US Federal Energy Regulatory Commission has made a preliminary determination of approval for Iroquois Pipeline Operating Co. to extend a pipeline 32 miles to supply 230 MMcfd of gas into New York City. The Eastchester Extension Project will cost $173 million, said Iroquois. Projected in-service date is November 2002.