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With hundreds of vendors vying for attention at the 45th annual Offshore Technology Conference, colorful models of oil industry vessels, platforms and equipment, some of them the size of a small car and costing thousands of dollars, arguably can start a conversation that ends in a sale.
As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.
As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.
More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference.
GTT, a French designer of large tanks for liquefied natural gas, is setting up a Houston office in anticipation of market shifts tied to cheap natural gas.
The U.S. Navy launched its largest alternative fuel test to date on Wednesday, pumping 20,000 gallons of algae-based fuel into a destroyer ship that will embark on a 20-hour trip along the California coast.