News on Oil and Gas Storage and Transportation

Overseas Shipholding completes 3.5M share offer

2010-03-09T13:16:38Z

<div id="subtitle">Overseas Shipholding Group completes 3.5M share offer; collects $158.7 million in proceeds</div><div><p>Oil tanker operator Overseas Shipholding Group Inc. said Tuesday it has collected $158.7 million in proceeds from its offering of 3.5 million common shares at $45.33 each.</p><p>Overseas Shipholding Group said it will use the funds for capital exp...

Rough seas may be ahead for shipping IPOs

2010-03-05T12:01:10Z

<div id="subtitle">2 shippers preparing for IPOs may encounter rough seas as investors weigh getting on board</div><div><p>Two bulk shipping companies will be competing for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab much cash.</p><p>The first company, Baltic Trading Ltd., was formed by drybulk shipper Malacca Strait, where Singapore's Navy warned that a terrorist group is planning attacks on oil tankers

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TransCanada to consider US pipeline 'onramp'

2010-03-03T16:15:56Z

<div id="subtitle">TransCanada agrees to consider letting US crude use oil pipeline between Alberta, Gulf Coast</div><div><p>TransCanada executives said Wednesday they will consider letting Montana and North Dakota crude oil onto a proposed pipeline to the Gulf of Mexico<...

Copano Energy to sell 6.3M units to pay off debt

2010-03-02T15:46:23Z

<div id="subtitle">Natural gas company Copano Energy to sell 6.3 million units to reduce debt</div><div><p>Natural gas company Copano Energy said Wednesday that it plans to sell 6.3 million units with the proceeds being used to repay debt.</p><p>Underwriters have been granted a 30-day option to buy up to 945,000 additional units.</p><p>The natural gas pipeline and storage company sai...

DHT Maritime forms new holding company

2010-03-01T15:45:07Z

<div id="subtitle">Oil tanker operator DHT Maritime forms new company called DHT Holdings</div><div><p>Oil tanker operator DHT Maritime Inc. said on Monday that it has formed a new company called DHT Holdings Inc., organized in the Marshall Islands.</p><p>The company ...

Tax bill targets oil pipeline

2010-02-22T08:38:54Z

<div id="subtitle">Bill removing tax breaks for western South Dakota oil pipeline advances to House</div><div><p>The company planning to bury an oil pipeline across western South Dakota said it would lose an estimated $38 million in tax incentives under a bill approved by state lawmakers on Thursday.</p><p>The bill changing state law so oil pipelines would n...

Companies say Alaska gas pipeline could cost $41B

2010-02-22T13:31:17Z

<div id="subtitle">Companies release details on proposed Alaska natural gas pipeline; cost could hit $41 billion</div><div><p>Companies working with the state of Alaska to develop a major natural gas pipeline estimated Friday that the project would cost $20 billion to $41 billion, depending on the route.</p><p>The Alaska Pipeline Project seeks to move natural gas from t...

WWF fears for Siberian tiger after Russian oil leak

2010-02-22T16:23:14Z

<div><p>A leak from Russia's new Siberian oil pipeline shows the potentially damaging consequences the project could have for the endangered Siberian tiger, an environmental campaign group warned on Friday.</p><p>Around 300 cubic metres (10,600 cubic feet) of oil leaked from the pipeline in eastern Siberia, Montana, North Dakota fuel</div><div><p>Montana Gov. Brian Schweitzer said Wednesday that he wants oil companies in his state and neighboring North Dakota to be able to tap into a proposed pipeli...

Somali pirates free Greek supertanker

2010-02-22T18:48:59Z

<div><p>Somali pirates have freed the Greek supertanker VLCC Maran Centaurus, one of the largest ships ever hijacked, after a plane dropped at least five million dollars in ransom on the deck.</p><p>The ransom, also one of the largest ever paid, sparked a deadly feud within the group of pirates delaying the release of the ship and its crew of 28 seamen who were taken in the Pembina County in North Dakota's northeastern corner.</p><p>
Summary

Global LNG Industry to 2015: Investment Opportunities, Analysis and Forecasts of All Active and Planned ...

Obama nominates Persily as pipeline coordinator

2010-02-23T18:32:40Z

<div id="subtitle">Obama nominates former Palin aide Persily as federal coordinator for Alaska pipeline project</div><div><p>President Barack Obama has nominated a former aide of ex-Alaska Gov. Sarah Palin to serve as the federal coordinator for the Alaska natural gas pipeline project.&...

Obama taps ex-Palin aide to oversee natgas project

2010-02-23T18:24:55Z

<div><p>WASHINGTON/ANCHORAGE, Alaska (Reuters) - U.S. President Barack Obama on Wednesday nominated Larry Persily, a veteran Alaska policy maker and former aide to former

Kinder Morgan names pipeline executives

2010-02-23T22:48:35Z

<div id="subtitle">Pipeline company Kinder Morgan makes changes in natural gas operations</div><div><p>Pipeline and energy storage company Kinder Morgan said Monday that it has named Tom Martin president of its natural gas pipeline operations as part of changes it is making in natural gas pipelines group.</p>...

Teekay Tankers posts third-quarter loss

2010-02-24T05:53:14Z

<div id="subtitle">Bermuda-based Teekay Tankers posts third-quarter loss as revenue founders</div><div><p>Bermuda-based Teekay Tankers Ltd. posted a loss for the third quarter Friday as revenue slumped amid a downturn in shipping.</p><p>The company said it lost $1.5 million, or 5 cents per share, co...

Williams Cos.: Gas transmission pipeline in use

2010-02-24T07:15:22Z

<div id="subtitle">Williams Cos. says 26.4-mile natural gas transmission pipeline in Colorado now in service</div><div><p>Williams Cos. Inc. says a 26.4-mile-long natural gas transmission pipeline in Colorado is now in use.</p><p>Tulsa-base...

Tax waivers for pipeline to cost local governments

2010-02-24T07:46:33Z

<div id="subtitle">Cost of tax waivers for Canadian pipeline higher than expected for local governments</div><div><p>Leaders from six Kansas counties want a chance to challenge the state's contention that the Canadian owner of a crude oil pipeline is eligible for millions of dollars in tax credits.</p><p>The Kansas portion of the pipeline will run through Sweden, Finland approve Russian-German gas pipeline project in Baltic Sea</div><div><p>Sweden and Finland on Thursday approved a Baltic Sea pipeline project that would ship Russian natural gas to Germany, clearing two key obstacles for c...