World LNG demand is forecast to rise from 158 billion cubic meter (bcm) to 269 bcm by 2010 and to 428.5 bcm by 2020. This growth represents an average annual trade growth of 7.6% over the near-term, with a slowing to 5.4% through to 2015 and 4.
E.H. Glascock, vice president, marketing and sales, Alco Power Inc., Auburn, N.Y., has announced that its Southwestern Regional Headquarters has been located in a larger, more modern facility. This new location is 3572 East T.C. Jester, P.O. Box 10895, Houston, Texas 77018.
Of highest interest in the marine field today is the design and construction of many specialized ships that carry cargoes of liquefied natural gas (LNG). Major shipyards in the U.S. and other countries are engaged in building these giant carriers.
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside, it is in fact the market's instability that serves as stability.
A 262 ft. (80-m) containership from Antwerp had an unfortunate collision in Boston, Mass. with some rocks and ended up with a large number of tears, ranging from one to seven meters, to its flat bottom. Hydrex was called in to propose solutions for the major repair.
Lean times call for "leaner" boats and what better to employ than Lean Shipbuilding, which is known as a proven approach that shipyards can use to improve shipbuilding efficiency. It has the advantages of reducing defects while remaining responsive to change.
Kvaerner has launched a new company with 18,000 employees in 17 countries and on five continents. The new company, to be known as Aker Kvaerner, will supply products, services, tech- nology and solutions worth $2.2 billion a year to the global oil and gas industry.