Saturday, February 17, 2018

France has Made Proposals to EU on Hydro Power Privatization

© Yulia Vinogradov / Adobe Stock

France has made proposals to the European Commission which could accede to long-standing demands by the EU's executive for France to privatise its hydro power concessions mostly operated by state-controlled utility EDF, CGT union said Wednesday.

Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up

Photo: Schottel

On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland. The operation, including tow-out…

New Tool for Offshore Inspection

(Photo: AISUS)

Aberdeen-based AISUS has invested a six-figure sum in upgrading and developing cutting edge inspection technology as it looks to further broaden its range of services and increase its geographical reach to provide its customers with the most efficient, cost-effective technological solutions.

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…

LyondellBasell's Plastics Business to Double with Schulman Deal

LyondellBasell is among the world’s largest producers of ethylene and propylene oxide. The Channelview complex is one of the largest petrochemical facilities along the U.S. Gulf Coast, covering an area of nearly 3,900 acres. CREDIT: LyondellBasell

Petrochemicals company LyondellBasell Industries NV will buy plastic composites maker A. Schulman Inc for $1.24 billion, doubling the size of its plastics business. LyondellBasell will pay $42 per share, an 8.7 percent premium to Schulman's Wednesday close, the companies said on Thursday.

Oil Falls as Outlook for Global Balance Dims

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

API to report storage estimates on Tuesday, EIA on Wednesday. Oil fell on Tuesday, losing gains made earlier in line with a recovery on global stock markets, after a forecasting agency estimated world crude supply could overtake demand this year…

Oil Prices Pare as Global Outlook Darkens

File Image (CREDIT: AdobeStock / Leeylutung)

API to report storage estimates on Tuesday, EIA on Wednesday. Oil stabilised on Tuesday, paring gains made earlier in line with a recovery on global stock markets, after a forecasting agency estimated world crude supply could overtake demand this year…

Next-wave LNG Terminals get Smaller, More Flexible

Cheniere's Sabine Pass LNG Terminal (CREDIT: Cheniere)

The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts.

MagnaDense Aggregate Keeps Hywind Wind Turbines Floating Upright

Photo courtesy Statoil –photographer Jan Arne Wold

LKAB Minerals supplied high density MagnaDense for Hywind Scotland, the first commercial floating wind park. The design concept is based on a floating spar-type platform which is anchored to the seabed. The floating spar’s turbine is much…

Dutch Plan to Build Giant Offshore Solar Power Farm

© Rawf8 / Adobe Stock

An offshore seaweed farm in the North Sea will be turned into a large solar power farm that aims to pipe energy to the Dutch mainland in roughly three years. The project comes at a critical time for the Netherlands, which is struggling to…

France Eyes Role as Tidal Energy Powerhouse

Photo: OEE

French Secretary of State for the Ecological and Inclusive Transition, Sébastien Lecornu, announced preliminary studies to the launch of a tidal energy tender in Paris yesterday evening. The announcement is an important first step and strong message to the sector.

Subsea Infrastructure: Challenges & Solutions

FMC clamp

As offshore oil and gas reserves become ever more difficult and costly to recover, the demand for innovative technology has never been greater. Joe Orrell, managing director at RED Engineering, considers some of the challenges in subsea…

Sanjeev Gupta to Buy US-based Steel Assets in 2018

British industrialist Sanjeev Gupta is in talks to purchase and build more U.S.-based steel and industrial assets next year, after buying ArcelorMittal's Georgetown Steelworks at the weekend. Gupta, executive chairman of GFG Alliance which is a $10 billion metals…

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…