Pipeline Construction – Storm Field Services LLC http://stormfieldservicesllc.com/ Mon, 01 Aug 2022 10:15:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormfieldservicesllc.com/wp-content/uploads/2021/05/storm-field-services-llc-icon-1-150x150.png Pipeline Construction – Storm Field Services LLC http://stormfieldservicesllc.com/ 32 32 “Drill, baby, drill” is back in Europe as the gas crisis looms https://stormfieldservicesllc.com/drill-baby-drill-is-back-in-europe-as-the-gas-crisis-looms/ Mon, 01 Aug 2022 10:15:00 +0000 https://stormfieldservicesllc.com/drill-baby-drill-is-back-in-europe-as-the-gas-crisis-looms/ But after the Dutch and German governments approved the development of a new gas field about 12 miles off the coast of Schiermonnikoog, the island’s mayor worries about his future.

“We are very concerned that gas drilling will damage the area,” Mayor Ineke said. van Gent told CNN Business. “We also believe that it is not necessary to drill [for] brand new gas and that we should be investing a lot more in renewables.”

The gas project, which spans German and Dutch North Sea territories, is just one venture that has been given the green light or is being given another look in Europe and the UK. United after Russia invaded Ukraine. Europe is desperately looking securing gas supplies that cannot be cut off at Moscow’s will. Last week EU leaders set a voluntary target to cut gas consumption by 15% by March 2023 to escape a crisis once the weather turns.
Yet scientists, activists and residents of places like Schiermonnikoog are frustrated. They believe governments are using the war in Ukraine as political cover for projects that won’t get in place in time to help this winter, and which could ultimately make it harder to bring global warming under control.

The gas field near Schiermonnikoog is not expected to start supplying gas to Dutch and German households until 2024. Once lit, it could operate for decades, with licenses valid until 2042.

“In principle, we need to get rid of all fossil fuels, and we need to get rid of them very quickly,” said Han Dolman, director of the Royal Netherlands Institute for Marine Research, who opposes the project. “It’s not an immediate solution to anything. [related to] the Russian gas crisis.

ONE-Dyas, the Dutch company managing the development, said it has been in frequent contact with local stakeholders since 2018 and produced an in-depth environmental impact report which was reviewed by regulators. Locally produced gas also has a lower carbon footprint than natural gas imported from other countries, he added.

The Great Gas Rush

Europe’s rush to secure gas supplies comes as Russia signals its willingness to punish the bloc for its support of Ukraine. State-owned Gazprom recently reduced flows through the crucial Nord Stream 1 pipeline to 20% of daily capacity.

The situation in Europe is “perilous” and the region must prepare for a “long and harsh winter”, according to Fatih Birol, executive director of the International Energy Agency.

Even if European countries manage to fill their gas reservoirs to 90% capacity, the region still risks facing supply disruptions early next year if Russia decides to cut off gas supplies from October, the IEA said.

The risk has prompted countries to find alternative fuel sources and conserve what they can.

It has also empowered politicians to support an expansion of the gas sector with a conviction that would have been unthinkable just a year ago due to climate concerns. Since February, government officials have lifted production caps and approved new drilling sites, often citing the need to be pragmatic during a time of high stress.

Denmark, which in 2020 announced plans to phase out fossil fuel production, is boosting extraction from North Sea fields that already have licenses. Hungary has announced that it will increase its domestic natural gas production from 1.5 billion cubic meters to 2 billion cubic meters. Shell is proceeding with a new natural gas development in the North Sea after the UK government gave the green light in June, reversing a previous decision to block the project on environmental grounds.
“We power renewables and nuclear, but we are also realistic about our current energy needs,” said Kwasi Kwarteng, UK Business and Energy Secretary. tweeted after the decision. Average UK energy bills could top £500 ($613) in January alone, according to a new report from consultancy BFY Group.
Construction work on the lock island of Brunsbuettel in northern Germany in early March.  The port on the North Sea could be the site of a new LNG terminal.
Meanwhile, governments are racing to expand their ability to receive liquefied natural gas, or LNG, which is an attractive alternative to gas from Russia because it can be shipped by allies on tankers instead of delivered by pipelines from Russia. Global Energy Monitor, a US think tank, counts at least 25 LNG terminal construction or expansion projects in Europe and the UK that have been newly proposed or revived since the outbreak of war in Ukraine.

“You just see this 180 degree turn around the world,” said Oswald Clint, an analyst at Sanford Bernstein who covers the energy sector.

A long-term vision

Some of these gas projects could boost Europe’s energy supply this winter in case Russian President Vladimir Putin stops flows from Russia.

Canadian company Zenith Energy, which said last month it would reactivate a well in northeastern Italy that will produce 1,300 cubic meters of gas per day, expects production to begin between October and december.

Luca Benedetto, chief financial officer, said in a statement that the decision was taken “in the context of the growing need for European internal energy security and a very encouraging price climate”.

Others won’t launch for a while. Shell estimates that the Jackdaw gas field in the British North Sea will be commissioned “in the mid-2020s”. A floating terminal capable of storing and regasifying LNG, which was recently purchased by Italian gas infrastructure operator Snam and will be installed near the coast of Ravenna, will not start operations until the second half of 2024.

Tara Connolly, a gas campaigner at Global Witness based in Brussels, said one of her concerns is that the projects will not be needed once they are actually completed.

“Right before Ukraine, there was a real feeling that Europe had enough gas infrastructure, even in the event of a major disruption,” Connolly said. “Now it’s really a different picture.”

In addition, given the timing, renewables could fill the gap instead of natural gas, which has a lower carbon footprint than oil and coal but still contributes to global warming, according to Connolly.

The ecological risk

This is an opinion shared by the mayor of Schiermonnikoog. She is also concerned about the protection of a sensitive UNESCO World Heritage Site.

“My main concern is [the] subsidence, which means we also have problems living on the water,” van Gent said.

Not far away, the Groningen onshore gas field, a joint venture between Shell (RDSA) and Exxon (XOM) which was once one of the largest sources of gas supply in Europe – is disappearing due to earthquakes. A 2016 report found that there were 271 seismic events with a magnitude of 1.5 or greater.
A bird stands near a pole of natural gas extraction machinery and piping in the Groningen onshore gas field.
It’s less of a problem for the field near Schiermonnikoog, which will be in the open sea. But the ecological impact must also be considered, according to Dolman, the scientist who, along with 432 others, signed a letter opposing the new Dutch development.

“It’s in a nature reserve area, so it doubles in impact,” he said. “You have to be careful in these areas to do anything, let alone start new gas production platforms.”

Carsten Mühlenmeier, president of the German regulatory agency in charge of North Sea permits, said that “the territorial sea is a sensitive area where undisturbed use must be prioritized over mining and private interests”, especially given the need to reduce demand for fossil fuels. Yet he agreed once the Netherlands signed and the political winds turned in Berlin.

A gas field is planned off the island of Schiermonnikoog.  Scientists oppose the development because of the risk it would pose to the park's ecosystems.

“Russia’s war of aggression against Ukraine has proven that securing an energy supply is a challenge, which outweighs certain security measures, especially environmental concerns,” Mühlenmeier told CNN Business.

Greenpeace sued the UK government over its approval of Jackdaw, saying its environmental assessment of the project was flawed because it failed to look at emissions from burning natural gas.

“It is completely irrational for the government to endorse – and heavily subsidize – a project like Jackdaw that does nothing to solve the energy price crisis while contributing to climate change,” said climate activist Lauren MacDonald. “Our dependence on fossil fuels is the root of both crises, but the government continues to try to move forward with new oil and gas projects.”

— Rosanne Roobeek and Anna Cooban contributed reporting.

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Letter: Ideas on a possible Great Salt Lake pipeline | News, Sports, Jobs https://stormfieldservicesllc.com/letter-ideas-on-a-possible-great-salt-lake-pipeline-news-sports-jobs/ Sat, 30 Jul 2022 17:40:50 +0000 https://stormfieldservicesllc.com/letter-ideas-on-a-possible-great-salt-lake-pipeline-news-sports-jobs/

I was born and raised in Ogden, Utah and have spent much of my life skiing Utah resorts.

I first read in the Ogden Standard Examiner letters to the editor about turning pumps and bringing in sea water to fill the lake. After weeks of thinking WHAT A GOOD IDEA!!

I understand the cost, construction, permits, right of way, etc.

Driving into Wendover you see miles and miles of dry lake bed as far as the eye can see.

And the possibility of the day may come that we don’t need the pipeline, but we have to do something!

Thinking it will just fix itself is not smart thinking.

We will also need as much drinking water from melting snow for our growing population!

I see cost as a downside.

Now, my thought of the positive.

Filling the existing lake for all the reasons we know.

Controlling dust, re-enacting bird migrations, continued economic revenues and more the effects on our climate of lake effect storms.

We just turn on the pumps and fill the main lake, but also fill the western desert, even fill Sevier lake.

Wouldn’t more water surface improve lake effect storms?

A much larger area of ​​the lake has an effect on temperatures? With the cooler temperatures out of the water and the evaporative power of the sun!

Wouldn’t some of the water seep into the ground and naturally filter salt and impurities and replenish our underground aquifers?

What town, city or coastal island wouldn’t want sea levels to drop? Some states and countries can donate to the cause! Even if it’s just a few?

I think this should be done all over the world to help the rising seas!

Yes, it could cost billions to build, but what is the cost of doing nothing!

To this day, the governor’s request for prayers has yet to help!

My mind is full of positives about this issue.

Steven Garside

western haven



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TC Energy settles Coastal GasLink pipeline disputes with LNG terminal owner https://stormfieldservicesllc.com/tc-energy-settles-coastal-gaslink-pipeline-disputes-with-lng-terminal-owner/ Thu, 28 Jul 2022 18:49:52 +0000 https://stormfieldservicesllc.com/tc-energy-settles-coastal-gaslink-pipeline-disputes-with-lng-terminal-owner/

The company behind the controversial Coastal GasLink pipeline that runs through northern British Columbia says it has reached a “milestone” settlement with the group that is building a liquefied natural gas terminal on the west coast.

Amid growing global demand for fossil fuels, TC Energy Corp. CEO Francois Poirier said he signed an agreement with LNG Canada “which resolves all outstanding disputes” and allows “the safe and timely execution of our largest LNG-related project”.

The 670-kilometre pipeline, which aims to transport natural gas across the province to LNG Canada’s processing and export facility in Kitimat, is about 70% complete, he said.

TC Energy expects “mechanical completion” — when all construction and testing is complete and the tubes are ready to move chilled gas — by the end of 2023.

Details of the settlement are not disclosed, but it relates to costs arising from causes as diverse as COVID-19, weather, the “scope” of the project and “other events beyond Coastal Gaslink LP’s control,” it said. TCEnergy.

The new pipeline cost estimate is $11.2 billion, up from $6.6 billion projected a year ago.

“Together with LNG Canada, this project will provide the first direct route for Canadian natural gas to reach global LNG markets,” said Poirier.

The project has encountered political and environmental obstacles in recent years.

A series of protests by members of the Wet’suwet’en Nation and other Indigenous and environmental groups has repeatedly stalled progress along parts of the pipeline, while two fines from the government of Columbia Britons caught the company for failing to comply with environmental ordinances this year.

TC Energy has reached agreements with the 20 elected councils of First Nations along the route and signed option agreements earlier this year for the potential sale of a 10% interest to two Aboriginal groups representing 16 of those communities, Poirier noted during a conference call.

He also alluded to the energy turmoil caused by Russia’s invasion of Ukraine in February, saying global LNG demand is expected to grow 50% to 75 billion cubic feet per day by 2030, against 50 billion currently.

“This growth is largely supported by heightened energy security concerns and the reorganization and reorientation of the energy mix,” he said.

“This next wave of LNG demand creates significant opportunities that align with our strategy. TC Energy’s unprecedented asset footprint will play a critical role in securing the world’s energy supply.

However, analyst Robert Kwan of RBC Capital Markets questioned whether the returns from the pipeline would be more modest than the initially expected returns, “which I believe were quite low to begin with.”

“Phase 1 clearly did not meet its original performance targets,” responded Bevin Wirzba, TC Energy’s pipeline manager. “But as we’ve indicated, reaching a settlement puts the project in the best position to move forward.”

Phase 1 of the project includes the construction of the pipeline, while phase 2 involves more than doubling its capacity through the installation of compressor stations.

TC Energy, which owns 35% of the company, sold a 65% stake to Alberta Investment Management Corp. and KKR & Co. Inc. in 2020.

The Calgary-based company posted lower quarterly earnings on Thursday, saying net income attributable to shareholders fell to $889 million or 90 cents per diluted share in the second quarter from $975 million or $1 per share a year ago. earlier.

The pipeline operator‘s comparable earnings were $979 million or $1 per common share, down from $1.04 billion or $1.06 per share in the same period of 2021.

Revenue for the three months ended June 30 increased to $3.64 billion from $3.18 billion in the same quarter last year.

©2022 THE CANADIAN PRESS

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As the industrial sector sizzles, investors watch the impact of inflation and interest rates https://stormfieldservicesllc.com/as-the-industrial-sector-sizzles-investors-watch-the-impact-of-inflation-and-interest-rates/ Tue, 26 Jul 2022 16:55:14 +0000 https://stormfieldservicesllc.com/as-the-industrial-sector-sizzles-investors-watch-the-impact-of-inflation-and-interest-rates/

Even though e-commerce has moderated somewhat, the industrial market in the United States continues to attract investor interest as new construction and adaptive reuse catch up with demand, according to the National Industry Report. from CommercialEdge, released earlier this month and covering the first half of 2022.

The national industrial vacancy rate in June was 4.6%, down 10 basis points from the previous month. The lowest vacancy rates were recorded in California’s Inland Empire (0.6%), Columbus (1.4%), Los Angeles (1.9%) and Nashville (2.1%).

“The supply of new industrial space cannot keep pace with demand, a problem more pronounced in areas where geography limits the amount of land available for development. Port markets, and Southern California in particular, are most susceptible to this problem,” the report said.

This is despite the fact that 667.5 million square feet of new industrial park was under construction nationwide and another 684.6 million square feet are in the planning stages. The first half of the year saw 159.6 million square feet of deliveries recorded by CommercialEdge. Dallas has shipped the most new inventory by far in 2022 so far, with 15.9 million square feet completed, more than second (Indianapolis, with 7.9 million square feet) and third (Phoenix, 7.7 million square feet) of the most active markets combined.

Developers and their AEC partners are accelerating the construction of new supplies for the booming industrial market. Image: Commercial Edge

Indianapolis, a logistics hub due to its central location, with access to interstate highways and the world’s second largest FedEx hub, has become a hotbed of new development. Indianapolis has the nation’s fifth-largest pipeline by area and second-largest by percentage of existing stock. The largest ongoing project is a 2.2 million square foot Walmart distribution center that began construction in 2020 and is expected to be delivered later this year. The vast majority of projects in Indy are logistics parks, whether new complexes or extensions of existing complexes.

ASCEND

The scarcity of land leads to new modes of operation on the part of both occupants and developers. Multi-storey buildings have garnered more interest, although their main constraint is cost, with estimates pegging a multi-storey building at 40% more expensive than a single-storey property with an equivalent amount of space. But multi-story projects have been popping up in the New York metro area. CommercialEdge points to a joint venture between Turnbridge Equities and Dune Real Estate Partners that will develop the Bronx Logistics Center, a 500,000 square foot multi-story building with 800,000 square feet of parking between a garage and the roof.

Outdoor storage is also used to fill supply chain gaps where there is a lack of sufficient land for industrial properties, with outdoor land being increasingly used by e-commerce and logistics companies.

The lack of land is leading some developers to consider converting former office and retail space into industrial premises. Conversions remain rare at the moment, but could increase in the future as land in coastal markets becomes scarce.

Sales by market of industrial buildings
Southern California continues to be the hottest real estate market for industrial buildings. Image: Commercial Edge
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STRONG RENT GAINS

As demand outstrips supply, average in-place rents for industrial buildings in June rose 4.9% year-over-year to $6.57 per foot. The average cost of a new lease signed in the past 12 months was 88 cents per foot higher than the overall average.

CommercialEdge reports that supply conditions have improved lately, with backlogs at ports easing in recent months and energy and commodity prices falling in recent weeks. But inflation remains well above target. CommercialEdge correctly predicted that the Federal Reserve would thwart inflation with higher interest rates, which the research firm says could also cause supply and trading markets to cool as the cost of capital increases.

Higher interest rates could dampen transactions and new construction.  Image: Commercial Edge
As the Fed raises interest rates, the rising cost of capital could dampen sales and construction in the industrial sector. Image: Commercial Edge

Nationally, there were $39.6 billion in deals in the industrial sector in the first half of the year, according to CommercialEdge. The average price per square foot for an industrial building in the second quarter was $138, up 12.4% from the first quarter and 31.3% year over year. The second quarter was the seventh consecutive quarter with rising average selling prices. The average sale price of an industrial property has increased by 67% during this period.

With the lowest vacancy rates in the country and the strongest growth in rents, investors are hungry for assets in the Inland Empire. A total of $1.7 billion in industrial sales have come to market so far this year, and the average selling price of industrial properties has more than doubled over the past two years, from $138 per foot in 2020 to $299 per foot in 2022. The most popular submarket in 2022 is Fontana, California, where 11 industrial properties sold for over $500 million in the first half of this year.

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Michels, Kleefisch and Ramthun face off in Republican gubernatorial debate https://stormfieldservicesllc.com/michels-kleefisch-and-ramthun-face-off-in-republican-gubernatorial-debate/ Mon, 25 Jul 2022 02:07:33 +0000 https://stormfieldservicesllc.com/michels-kleefisch-and-ramthun-face-off-in-republican-gubernatorial-debate/

Former Lieutenant Governor Rebecca Kleefisch, Director of Pipeline Construction Tim Michels and State Representative Tim Ramthun met on stage for the first time Sunday in a televised debate just days before the start of the vote to decide which candidate will be the Republican nominee against Democratic incumbent Tony Evers this fall.

The debate at Marquette University’s Varsity Theater marked the first time Michels has answered questions in a public forum of candidates since entering the race in April and rising to the top of the pack after spending $8 million in his own money for his campaign.

In the latest Marquette University Law School poll, Michels was the most popular among respondents, but only a full percentage point ahead of Kleefisch, well within the poll’s margin of error. Ramthun came third in the June poll. A fourth candidate, Kevin Nicholson, dropped out of the race earlier this month.