Friday, June 22, 2018

Rubber News

Sibur Says New Gas Chemical Complex Will Cost up to $8 Bln

Russian petrochemical company Sibur said its plans to build a gas chemical complex in Russia's Far East will require preliminary investments of up to $8 billion and it is still looking for Asian partners.Sibur said a year ago that it had been in talks with a number of Chinese investors about…

Corvus Delivers for Hybrid Port Equipment

Photo: Corvus Energy

Corvus Energy will provide newly-designed lithium-ion energy storage systems (ESS) for a hybrid rubber-tired gantry crane (RTG) designed by CCCC Shanghai Equipment Engineering (CCCCSEE). The new ESS solution from Corvus is a smaller, ultra high power, liquid cooled system designed specifically to meet the RTG power requirements more cost effectively.

China regulator still plans oil futures

China's top securities regulator is still preparing to launch oil futures and is considering lifting restrictions on stock index futures imposed during the 2015 stock market crash, the Shanghai Securities Times said on Saturday. The newspaper report cited an internal meeting at the China Securities Regulatory Commission (CSRC) held by its chairman…

Roxtec Safety Seals for Offshore O&G

Graham O’Hare (Photo: Roxtec)

Roxtec is targeting the marine and offshore oil and gas sectors with a new innovative safety seal which protects life and assets from a multitude of hazards. The firm’s Single Pipe Metal (SPM) product can be used to seal any kind of metal pipe in steel decks or bulkheads and specifically guards against fire, gas and water ingress.

Kuo-Repsol Venture Agrees Power Plant Deal with Iberdrola

Mexican conglomerate Grupo Kuo said on Monday that Dynasol, its joint venture with Spain's Repsol, has signed a deal with Spanish firm Iberdrola to build a power plant in the northeastern Mexican state of Tamaulipas. The plant will have the capacity to generate 56 megawatts of electricity and 38 tons of water vapor needed for synthetic rubber production…

UTC Delivers Latest Sonar Dome Window to Navy

UTC Aerospace Systems has delivered its latest sonar dome rubber window produced at its facility in Jacksonville, Fla. to the U.S. Navy, bringing the total to more than 150 delivered. The company's Engineered Polymer Products (EPP) team has been the exclusive supplier of sonar domes for FFG-7, DDG-51 and CG-47 class ships to the U.S.

Trelleborg to Enhance Safety at Sverdrup Oil Field

Photo: Trelleborg

Trelleborg’s offshore operation has secured a contract to supply its thermal insulation, corrosion and passive fire protection (PFP) solutions for use on the new Johan Sverdrup oil field in the North Sea, off Norway. Contracted by Kvaerner, Trelleborg’s offshore operation in Norway will supply…

Miko Launches Emergency Pipe Repair Kit

A high pressure leak being closed with a Miko Pipe Sealer kit (Photo: Miko)

A kit that can be used to seal leaks in high pressure pipes has been developed by Miko Marine in response to a specific request from St1 in Norway. Detailed study by Miko has resulted in a system that uses specially formulated rubber patches that are slid over a leak and held in place by ratchet straps.

Venezuela Bondholders Mull Alliances

Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $60 billion of debt. Maduro has said the country will keep servicing its obligations for now.

Gangway Innovation Allows Safer Transfer at Offshore Wind Farms

Photo: Ampelmann

Ampelmann has created, in cooperation with Seaway Heavy Lifting, an industry first innovation allowing workers safe and efficient access to install the jackets for 84 wind turbines on the Beatrice Offshore Windfarm Limited project in the Outer Moray Firth. Global offshore contractor Seaway…

Trelleborg Solutions for FLNG Ship-to-Shore System

Photo: Trelleborg

Trelleborg has hailed the recent test of the Universal Transfer System (UTS) conducted with Connect LNG and Gas Natural Fenosa, as tangible evidence of the new applications that its suite of products for jettyless LNG transfer can unlock in this challenging field. The UTS transferred LNG…

New Rubber Compound for Tug Fenders

Photo courtesy of Trelleborg

Trelleborg’s marine systems operation has launched a new High Performance Super Abrasion Resistant (HPSAR) tug fender, which utilizes an innovative, superior rubber compound. The application of this distinctive and improved compound not only significantly increases the service life of the fender…

Four killed in Eastern India during Coal Mine Protest

NTPC Coal Projects Image NTPC

Four people died in eastern India when police opened fire during clashes with villagers who allege state-run NTPC Ltd violate forestry rights and does not offer enough compensation when acquiring land for a coal mining site. Senior police officer M.S. Bhatia said the deaths occurred after…

Japan Commodity Exchange Halts as Heavy Trading Overwhelms

The Tokyo Commodity Exchange (TOCOM) has twice halted trading since early Thursday morning, with at least one of the interruptions caused by heavy trading orders following Donald Trump's surprise U.S. presidential election victory. The exchange - which trades gold, crude oil and rubber, among…

Police Fire Water Cannon at Dakota Pipeline Protesters in Freezing Weather

Police fired tear gas and water at hundreds of protesters in North Dakota opposed to an oil pipeline in freezing weather late Sunday and early Monday, in the latest violent clash between law enforcement and activists over the $3.7 billion project. A joint statement from several activist groups…

OPEC Tensions Grow as Oil Deal hopes Fade

Analysts predict sharp drop in oil prices if no deal. OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts…

OPEC Makes Last-ditch Bid to Save Oil Deal as Tensions Grow

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. A gathering of OPEC experts failed to reach a compromise on how exactly…

China's 'steady-as-she-goes' Economy Carries On

China is no longer a driver of commodity demand, rather it has become a constant factor that can be relied upon to import relatively steady volumes of major natural resources. Both China's central bank and a respected think-tank expect further moderation in the economic growth rate next year…

Agreement Paves Way for South African Offshore Supply Base

(left to right – Alan Winde, Minister of Economic Opportunities in the Western Cape; Jeffrey Phang, Managing Director of Saldehco; Eric Hennet, Managing Director of Altus France (back); Sophie Masipa, Chairperson of Saldehco; Siyabonga Gama, Transnet Group Chief Executive; Mlamuli Buthelezi, Transnet Group Chief Operating Officer (back); Shulami Qalinge, Transnet National Ports Authority Chief Executive; and Alderman Marius Koen, Executive Mayor of Saldanha Bay Municipality (Photo: TNPA)

South Africa’s first dedicated and customized facility supporting offshore oil and gas activities will be introduced at the Port of Saldanha. This follows the conclusion of an agreement between Transnet National Ports Authority (TNPA) and Saldehco Pty Ltd, which was signed off at an official ceremony at the port on Monday…

Oil, Equities, Emerging Markets End Year on Upbeat

Oil prices edged down on Friday but headed for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 percent over the year despite concerns over China's slowing growth and weakening currency. Global markets have fared surprisingly well in a year marked by major political shocks…