Energy Update
(Thu, 19 Apr 2018) The United States exported 97.0 million short tons (MMst) of coal in 2017, a 61% (36.7 MMst) increase from the 2016 level. Exports to Asia more than doubled from 15.7 MMst in 2016 to 32.8 MMst in 2017, although Europe continues to be the largest recipient of U.S. coal exports.
CB&I has won an ethylene technology contract from Zhejiang Satellite Petrochemical’s subsidiary Lianyungang Petrochemical for its petrochemical facility in China.
Italian oil and gas firm Eni has announced its plan to invest €7bn in several projects including renewables and oil and gas, over the next four years in the country.
Fluor has won a contract from Marathon Petroleum (MPC) for the implementation of the approximately $2bn South Texas Asset Repositioning (STAR) program at the Galveston Bay refinery in Texas.
Saudi Aramco has awarded a contract to Canada-based SNC-Lavalin to install additional facilities for Wasit gas processing facility in Saudi Arabia’s Eastern Province.
SunPower Corp.’s new strategy: If you can’t beat them in the tariff game, buy them. The panel maker, which spent more than a year fighting U.S. import tariffs, announced Wednesday it was buying a rival that was instrumental in pushing for them.
Blockchain has been in the news a lot lately. Much of the noise is a result of the soaring valuation of the digital currencies it supports like Bitcoin and Ethereum. However, digital currencies are just one application for blockchain technology.
In what London-based OVO Energy is calling a world first, owners of Nissan electric vehicles now will have access to a commercially available domestic vehicle-to-grid charger.
What’s the similarity between a peace pipe and a gas pipeline? Both are out of place in Pyongyang, says Eric Yep.
(Wed, 18 Apr 2018) U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. This is the lowest level of net petroleum trade (imports minus exports) since 1971. At the same time, total U.S. gross petroleum trade (imports and exports) has reached an all-time high of 16.3 million b/d in 2017.
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