The 12 shuttle buses, dubbed the GOP EZ Shuttles, will transport convention participants on specific routes to several hotels, as well as attractions in the Tampa Bay area, including Ybor City and Busch Gardens. ANGA is working with local utility TECO Peoples Gas and Ultimate CNG to provide CNG fuel for the buses.
CNG fuel provides significant cost savings over diesel-fueled buses. When compared to diesel, compressed natural gas costs about $1.69 less per gallon equivalent. CNG also offers fleets an American fuel choice that is cleaner for the environment.
“We are proud to have this opportunity to provide transportation to convention participants in Tampa and to give them a first-hand experience with natural gas vehicles,” said ANGA President and Chief Executive Office Regina Hopper. “Companies and local leaders across the country are embracing natural gas as a fuel choice and calling for more vehicle options and filling stations to help drive this change. Our message in Tampa and beyond is that this is an extraordinary opportunity for our nation, and it’s time to get on board with this American fuel choice.”
Tampa and St. Petersburg are already taking advantage of natural gas as a clean, affordable, American transportation fuel, using it for airport transit vehicles and as part of the Hillsborough Area Regional Transit system starting next year. The decision to employ natural gas vehicles will add up to substantial cost savings and environmental benefits over the life of the vehicles.
“As mayor, I have seen firsthand the benefits that natural gas vehicles can bring in terms of lower fuel costs and clean air. I am pleased to welcome natural gas buses to the convention. These buses will not only provide a cleaner, cheaper method of transport but will also connect the thousands of guests here for various convention events to our local attractions,” said City of Tampa Mayor Bob Buckhorn.
“We’re delighted that these 12 natural gas vehicles – what we call ‘the Clean Dozen’ – will be part of our convention,” said William Harris, CEO of the 2012 Republican National Convention Committee on Arrangements. “Energy independence is critical to Mitt Romney’s vision of a better future for all Americans, which is what this convention is all about.”
Thanks to recent discoveries of vast supplies of shale gas throughout our nation, the United States is now the world’s leading producer of this versatile energy resource that can be used for transportation, power generation and industrial purposes. Greater use of natural gas vehicles can save money, create American jobs and enhance U.S. energy security. Leading companies such as Ryder, Verizon and AT&T have invested in natural gas vehicles for their fleets.
Natural gas production is responsible for nearly 3 million jobs and adds $385 billion annually to our economy. Abundant domestic supplies also translate into affordable energy, increasing the disposable income for the average American household by an estimated $926 this year.
Florida is the second largest user of natural gas in the country, with 62 percent of the state’s electricity generation coming from natural gas. According to a recent IHS study, natural gas supported more than 15,000 jobs in Florida in 2010. That number is expected to rise to more than 30,000 by 2035. In addition, IHS found that natural gas will contribute more than $23 billion in government revenue to Florida by 2035
ANGA also will be providing buses for the Democratic National Convention in Charlotte, NC.
- Milwaukee unveils first compressed natural gas refueling station (fox6now.com)
- 13 States Ask Automakers to Rev Up Natural Gas Vehicles (sustainablebusiness.com)
- Apache’s airport deal may help natural gas take off (fuelfix.com)
- Natural gas slowly makes its way to your filling station. (eenews.net)
- WJAC-TV: More Drivers Converting to Compressed Natural Gas (gantdaily.com)
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project.
The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.
The project on Curtis Island in south-central Queensland will produce natural gas from coal-seam wells and will have total capacity of nine million metric tons per year. China Petroleum and Chemical Corp. (Sinopec) and Kansai Electric Power Co. Inc. of Japan will purchase most of the LNG produced. China Ex-Im Bank and commercial lenders are also providing debt financing for the project.
Ex-Im’s financing is expected to support an estimated 11,000 American jobs. Principal U.S. exporters are ConocoPhillips Co. and Bechtel International, both of Houston, Texas. Additional exporters and suppliers include numerous small businesses in Texas, Colorado, Nevada, California, Oregon and Oklahoma.
“Our authorization paves the way for U.S. companies to export equipment and services to this major LNG project and, in so doing, to maintain thousands of American jobs across the country,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “This financing also demonstrates how the United States and China can work together for our mutual benefit to foster trade and develop critically needed energy resources.”
The transaction, approved by Ex-Im’s board of directors on May 3, was announced following Chairman Hochberg’s trip to China, where he participated in the fourth round of the Strategic and Economic Development Dialogue (S&ED) with Treasury Secretary Timothy F. Geithner and other officials. The S&ED was held in Beijing on May 3-4.
Bechtel official Jay C. Farrar, who manages the company’s office in Washington, D.C., cited the importance of Ex-Im’s financing for U.S. exporters to large international projects. “Since 1992, Ex-Im Bank has been instrumental in the successful awarding and completion of projects involving Bechtel that have supported thousands of jobs for highly skilled employees at our company. The Bank’s financing also has helped to maintain thousands of additional jobs related to the supply chain for these projects,” Farrar said.
The Australia Pacific LNG project will involve development of coal-seam natural-gas fields, two gas transmission lines to a collection hub, a natural gas liquefaction plant and an adjacent marine shipping export terminal on Curtis Island near the city of Gladstone.
- Why America’s Missing Out on the Billion-Dollar Global LNG Game (mb50.wordpress.com)
- UK: Shell Tables USD 1.56 bln Bid for Cove (mb50.wordpress.com)
- USA: Sumitomo, Tokyo Gas in Cove Point LNG Talks with Dominion (mb50.wordpress.com)
- Will the US Become the World’s Largest Exporter of LNG? (mb50.wordpress.com)
- USA: Jordan Cove Submits Non-FTA LNG Export Application (mb50.wordpress.com)
ATP Oil & Gas Corporation today announced an increase in its estimated year-end 2011 proved and probable pre-tax PV-10 value to $7.3 billion based on SEC pricing, up 52% from $4.8 billion at year-end 2010.
ATP also provided an update on production for full-year 2011 which averaged an estimated 24.6 thousand barrels per day (MBoe/d), an increase of 17% over 2010.
Reserves – ATP estimates year-end 2011 proved reserves of 118.9 MMBoe compared to 126.1 MMBoe at year-end 2010. ATP estimates proved and probable reserves of 194.4 MMBoe at year-end 2011, compared to 211.3 MMBoe at year-end 2010. The changes were primarily a result of production of 9.0 MMBoe in 2011 and revisions to oil and gas reserves. On a Boe basis, ATP estimates that oil and natural gas liquids (NGLs) represent 66% of its year-end 2011 proved reserves and 65% of proved and probable reserves, compared to 60% and 59%, respectively, at year-end 2010.
ATP estimates a year-end 2011 SEC pre-tax PV-10 value of $4.2 billion for its proved reserves and $7.3 billion for its proved and probable reserves, compared to $2.6 billion and $4.8 billion, respectively, at year-end 2010. This increase is primarily a result of pricing, but other factors include timing and an increase in oil and NGL reserves.
Since independent reservoir engineers are finalizing estimates of ATP’s oil and natural gas reserves for year-end 2011, ATP will issue its final reserve amounts utilizing SEC pricing and reconciliation in conjunction with filing its Form 10-K, anticipated in March 2012.
Production – ATP’s production in the fourth quarter 2011 averaged 24.8 MBoe/d compared to 24.2 MBoe/d in the third quarter 2011. The fourth quarter average benefited from a 1.4 MBoe/d recognition of royalty relief related to 2010 production. Not including this benefit, average production in the fourth quarter was 23.4 MBoe/d, of which 70% was oil, compared to 69% in the third quarter 2011. ATP intends to conduct the previously announced sleeve shift at the Mississippi Canyon (MC) 941 A-1 well in the first quarter 2012 after production is established at the MC 942 #2 well. This sleeve shift had previously been scheduled in the fourth quarter of 2011. ATP estimates that opening the sleeve in the MC 941 A-1 well will increase production by 1.5 MBoe/d.
ATP anticipates an increase in production from the completion of the MC 942 #2 well during the first quarter 2012 and an increase later in the year with the installation of the pipeline for the two Clipper wells that were completed and tested in 2011. The installation of the Clipper pipeline is scheduled to begin in the third quarter 2012 with production expected in the late third quarter/early fourth quarter 2012.
ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market.
Source: ATP Oil & Gas, February 24, 2012
- USA: ATP Successful with Second Clipper Well Testing (mb50.wordpress.com)
- USA: Helix’s Oil & Gas Revenues Rise on High Prices and Lift in Production (mb50.wordpress.com)
- USA: The Bedford Report Releases Equity Research on BP and ATP Oil & Gas (mb50.wordpress.com)
To be processed by ION’s GX Technology data processing group, this new data adds to the approximately 17,600 kilometers of data the company acquired in the region in 2009 and brings the total number of kilometers in the company’s BrasilSPAN portfolio to over 50,000.
Recent major discoveries in West Africa’s Ghana and Ivory Coast, which are geologically similar to Brazil’s Equatorial Margin basins, have increased interest among oil & gas companies in the conjugate margin in northern Brazil. ION’s Greater BrasilSPAN provides E&P companies with a better understanding of the orientation of the transform and growth faults and the deposition environment of the key basins from Foz do Amazonas to Potiguar.
Ken Williamson, Senior Vice President of ION’s GeoVentures group, commented, “Our BrasilSPAN program provides E&P companies with a regional depth-imaged framework to better understand the hydrocarbon potential offshore Brazil. But the dataset is also of great value to E&P operators in Africa, as it reveals striking similarities in the structural framework of the petroleum systems on both sides of the Atlantic Margin.”
The second phase of ION’s Greater BrasilSPAN program will be available in the third quarter of 2012, in anticipation of the 11th Brazilian licensing round expected to be announced in early 2012.
- Spectrum Releases Detailed Datasets for Licensing Round Offshore Iceland
- ION Collects 8700 km of Regional Seismic Data Offshore Mozambique, Tanzania
- USA: ION Expands ArcticSPAN Regional Seismic Program
- TGS, Dolphin Geophysical Sign Northwest Africa Seismic Deal
- Spectrum to Start Seismic Survey Offshore Brazil
- Chevron Throws the Brakes on Current and Future Drilling Offshore Brazil (mb50.wordpress.com)
- PGS to Start Seismic Survey at Corentyne Licence, Offshore Guyana (mb50.wordpress.com)
- ION Completes Seismic Data Acquisition in the Marcellus Shale (prnewswire.com)
- Polarcus Nadia Set for West Africa Work (mb50.wordpress.com)
- Petrobras Announces New Discovery in Carioca Area, Offshore Brazil (mb50.wordpress.com)
- Fugro Completes Zeus 3D Seismic Survey, Offshore Australia (mb50.wordpress.com)
- Brazil: Petrobras Agrees Contracts for 26 Drilling Rigs (mb50.wordpress.com)
- Polarcus Acquires 3D Seismic Data Offshore Ivory Coast (mb50.wordpress.com)
The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters). FMC’s scope of supply includes five subsea production trees and two manifolds. The equipment will be supplied from the Company’s operation in Houston and deliveries are expected to begin in the fourth quarter of 2012.
“Anadarko is the largest independent operator in the deepwater Gulf of Mexico,” said John Gremp, FMC’s Chairman, President and Chief Executive Officer. “We are pleased to continue supporting their projects as their preferred subsea systems supplier.”
Lucius will be developed with a truss spar floating production facility with the capacity to produce in excess of 80,000 barrels of oil per day and 450 million cubic feet of natural gas per day. The spar is currently under construction at Technip’s facility in Pori, Finland and will be the largest of Anadarko’s operated spars — a deepwater production solution pioneered by the company in 1997.
The Lucius unit includes portions of Keathley Canyon blocks 874, 875, 918 and 919. Anadarko operates the unit with a 35-percent working interest.
Co-venturers in the Lucius unit include Plains Exploration & Production Company with a 23.3-percent working interest; Exxon Mobil Corporation with a 15-percent working interest; Apache Deepwater LLC, a subsidiary of Apache Corporation with an 11.7-percent working interest; Petrobras with a 9.6-percent working interest; and Eni with a 5.4-percent working interest.
- USA: Mustang Secures Topsides Engineering Contract for Anadarko’s Lucius Field
- USA: Anadarko, Partners Give Nod for Lucius Project in Deepwater GoM
- USA: Anadarko, Exxon Mobil Finalize Lucius Unitization Agreement
- USA: Technip to Build Truss Spar Hull for Anadarko’s Lucius Development
- Technip Gets LOI for Lucius Field Development in U.S. Gulf of Mexico
- USA: Anadarko, Partners Give Nod for Lucius Project in Deepwater GoM (mb50.wordpress.com)
- USA: FMC Technologies Inks Global Alliance Agreement with Anadarko Petroleum (mb50.wordpress.com)
- USA: Technip Bags Lump Sum Contract for Lucius Development Project in GoM (mb50.wordpress.com)
- Lucius: Deepwater Gulf of Mexico (mb50.wordpress.com)
- USA: FMC Technologies Wins Subsea Systems Contract from LLOG – Who Dat project (mb50.wordpress.com)
- USA: FMC Technologies Buys Remaining Schilling Shares (mb50.wordpress.com)
- Shell Perdido: The first full field subsea separation and pumping system in the Gulf of Mexico. (video) (mb50.wordpress.com)
- USA: Anadarko, Apache and Noble Energy Hire ENSCO 8505 Rig (mb50.wordpress.com)