Saturday, October 21, 2017

Chinese Demand Ensures Asian LNG Rally Has Legs

© Altin Osmanaj / Adobe Stock

Unexpectedly strong demand from China, along with rising oil and coal prices, should keep Asian liquefied natural gas (LNG) spot levels buoyant this winter. Despite rising supplies from new plants, spot prices have risen by 55 percent from…

US Natural Gas Prices Rise as Winter Stocks Look Tight: Kemp

U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough…

Coal Price Surge Justified by China's Dynamics: Russell

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth? This is a question often asked when a commodity experiences a strong gain - or drop - in price…

French Wind Power Sector to Consolidate Further -EDF

France's wind power generation sector will consolidate further, the head EDF's renewables unit Antoine Cahuzac said on Wednesday as the company moves to complete the takeover of wind energy developer Futuren . The renewables subsidiary of…

Kenya: Major Wind Power Line to Be Ready in 3 Months

A power line linking a 310 megawatt (MW) wind power plant to Kenya's national grid, delayed by landowners' compensation demands among other issues, is expected to be ready in the next three months, the energy minister said on Thursday. Kenya…

Search Suspended for Worker Missing in US Oil Platform Blast

The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement.

Where's the Money? Oil Traders Ask as Peak Demand Looms

File Image (CREDIT: AdobeStock / (c) Gear STD)

Traders still see opportunities in oil trading as Mercuria bets on power markets in U.S., China. For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power…

Investors Hit Peak Bullishness on Oil: Kemp

File Image (CREDIT: AdobeStock / (c) scanrail)

The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by regulators and exchanges. Hedge funds and other money managers…

Ampelmann Gangway System Increases Operational Efficiencies

Photo: Ampelmann

Ampelmann has enhanced its existing E1000 gangway transfer system to speed up conversion of its gangway from personnel to cargo mode from at least ten minutes to less than one minute, providing greater operational efficiencies. The innovative…

Statoil Takes First Bite of Solar Market

(Photo: Scatec Solar)

Norway's Statoil is taking its first step into the solar sector on Wednesday, partnering up with Oslo-listed renewable energy firm Scatec Solar in a joint venture aiming to build several large-scale solar plants in Brazil. Bruised by pressure on oil prices over the last two years…

Oil Gains as Inventory Overhang Erodes and Saudi Cuts Exports

Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. Crude is down nearly 7 percent so far this year, suppressed in large part by concern…

Subsea Industries Introduces Ecolast Coating

Photo courtesy of Subsea Industries

Subsea Industries has launched Ecolast, the latest member in its range of coating systems. This product is UltraViolet (UV) resistant and preserves its color while at the same time offering the corrosion and abrasion protection. Regular…

Kotug Aids Allseas in Topsides Transport

Photo: Kotug

Kotug International’s offshore division has assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Kotug was mainly involved in the assistance…

Hydro Group Completes MeyGen Contract

Photo courtesy of Hydro Group

Aberdeen-based subsea cable and connector specialist, Hydro Group has completed a contract with technology developer and supplier of tidal turbines, Andritz Hydro Hammerfest (AHH). The agreement saw Hydro Group supply complete connection…

UK Subsea Sector Set to Increase Exports in 2017

Neil Gordon (Photo: Subsea UK)

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017.