Energy Update
In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about.
(Mon, 02 Apr 2018) Over the past four years, relatively little new underground natural gas storage capacity was built in the Lower 48 states. EIA measures natural gas storage capacity in two ways: design capacity and demonstrated maximum working gas volume (or demonstrated peak). In 2017, design capacity grew by about 1%, and demonstrated peak fell by 1%
Petróleo Brasileiro (Petrobras) has awarded a contract to a Specific Purpose Entity (SPE) formed by the Chinese company Shandong Kerui Petroleum and the Brazilian company Método Potencial, for the construction of the Natural Gas Processing Unit (UPGN) to be installed in Itaboraí (RJ).
India’s state-owned oil and gas company Indian Oil (IOC) has announced plans to invest Rs1.43 trillion ($22bn) over the next five years, to nearly double its oil refining capacity.
Petrofac has been given a $265m worth contract from Petroleum Development Oman (PDO) for developing the Marmul Polymer Phase 3 (MPP3) project in Oman.
(Fri, 30 Mar 2018) EIA projects U.S. coal dispositionâdomestic demand and coal exportsâto remain relatively flat through 2050 in the <em>Annual Energy Outlook 2018</em> (AEO2018) Reference case, even as many coal-fired power plants are retired. Coal disposition for the next three decades averages 750 million short tons per year (MMst), down from the peak of nearly 1.2 million tons in 2008.
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