Page 18 - NorthAmOil Week 22

NorthAmOil NEWS IN BRIEF NorthAmOil

quarter of 2020. Greenbrier Marine is also
constructing a second sister barge which has
a scheduled delivery date during the fourth
quarter of 2020.
OVERSEAS SHIPHOLDING GROUP, June 02,
2020

DOWNSTREAM
Siemens wins compression

contract for Golden Pass
LNG export project

Siemens Gas and Power was awarded a
contract from CCZ JV (a joint venture
between Chiyoda International Corporation,
bolt-on to Taproot’s existing system. The new to improve our balance sheet and liquidity, McDermott International, and Zachry Group)
commercial agreement increases Taproot’s including reductions in capital expenditures, to supply three cryogenic boil-off gas (BOG)
total dedicated acreage to over 200,000 gross distributions and operating costs, while also compressor trains for the Golden Pass LNG
acres. taking advantage of our diversified business export terminal in Sabine Pass, Texas, USA.
“We are delighted to be announcing platform to maximize cash flows. As we stated The export facility is a joint venture between
our new partnership with Mallard and the previously, we see significant challenges and affiliates of Qatar Petroleum and ExxonMobil
strategic expansion of our DJ Basin assets. We opportunities in this uncertain environment and will be integrated into the existing
remain proud of our ability to create value for but believe our business model and diversified Golden Pass LNG import terminal. It will
our producer clients and continue to invest in asset footprint will continue to prove include the construction of three liquefaction
the growth of our assets during challenging beneficial through this cycle.” process trains, each with a nominal output of
times,” said Taproot Energy Partners COO NGL ENERGY PARTNERS, June 01, 2020 approximately 5.2 mn metric tons per annum
Rod Donovan. (mtpa).
Siemens Gas and Power’s scope of supply
TAPROOT ENERGY PARTNERS, June 01, 2020 Overseas Shipholding Group covers the engineering, manufacturing, and
NGL Energy Partners and Greenbrier announce testing of the three, single-shaft centrifugal
BOG compression packages, along with all
announces fourth quarter major new vessel build installation and commissioning activities.
Each of the compressor packages will be
and record full year fiscal Overseas Shipholding Group, Inc. (NYSE: driven by a 6.8-megawatt (MW) electric
OSG) ( “OSG”), a provider of energy
motor. Manufacturing, testing, and packaging
2020 financial results transportation services for crude oil and will take place in Duisburg, Germany.
The project scope also includes a frame
petroleum products in the U.S. Flag markets,
NGL Energy Partners today reported its announced today that it has received delivery agreement to supply all low-voltage electric
fourth quarter and full year fiscal 2020 results. of the OSG 204, a 204,000 barrel capacity oil motors and electric variable speed drives (1 –
“Our fourth quarter and record Fiscal and chemical tank barge for dual mode ITB 200 horsepower) and all medium-voltage (250
2020 earnings came in at the high-end of service pursuant to U.S. Coast Guard NVIC – 1,500 horsepower) electric motors.
our guidance range, despite the significant 2-81, Change 1. The barge has been built in In addition to the BOG compressor trains,
downturn in the crude oil environment and compliance MARPOL Annex VI Regulation Siemens Gas and Power will also provide
the economy,” stated Mike Krimbill, NGL’s 13 Tier III standards regarding nitrogen oxide steam turbine generator sets for the Golden
CEO. “Our Crude Oil and Liquids businesses emissions within emission control areas. The Pass LNG export terminal.
continued to outperform expectations. state-of-the-art 581’ tank barge is among the “With 90% global market share and a
We completed our sales of certain Refined largest in the history of Greenbrier Marine, a fleet that has accumulated more than 4.2 mn
Products businesses, significantly reducing division of the Greenbrier Companies, with hours of service, Siemens Gas and Power is
both volatility in earnings and working origins on the Willamette River in Portland a worldwide leader in cryogenic boil-off gas
capital debt balances, and we successfully dating to 1919. compression,” said Matthew Russell, Executive
executed on all of our plans to complete the The OSG 204 has been paired with an Vice President of LNG for Siemens Energy
integration of our Delaware Basin Water existing tug within the OSG fleet, the OSG Oil & Gas Division. “We believe our expertise
Solutions infrastructure. We saw increased Endurance, and will travel to the Gulf of in the design and manufacturing of BOG
volumes on that system throughout the Mexico, where it will contribute to OSG’s compressors, along with our strong presence
fiscal fourth quarter, with approximately 1.9 growing presence in the Jones Act trade. in the LNG market, played an integral role
mn barrels per day processed across all our The ATB unit has been fixed to a long- in securing the Golden Pass compression
systems for the month of March. Since our term charter commitment, with delivery to contract.”
fiscal year-end, we have taken significant steps the charterer occurring late in the second SIEMENS, May 27, 2020

P18 www. NEWSBASE .com Week 22 04•June•2020