Energy Update
(Thu, 31 Aug 2017) Changes in demand trends have significantly reduced the patterns of seasonality in U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. However, over the past three decades, its use as a heating fuel has decreased, distallate fuel exports have increased, and its non-seasonal use as a transportation fuel has become the major demand component.
(Thu, 31 Aug 2017) The U.S. Energy Information Administration (EIA) released the following new and revised data as well as data updated with hydrocarbon gas liquids (HGL) product categories on August 31, 2017.
Eni Angola has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017.
Showa Denko Gas Products has decided to found a new plant to produce liquefied carbon dioxide (CO2) gas in Showa Denko’s Oita Petrochemical Complex located in Oita City, Oita Prefecture.
Sembcorp Marine has announced that its wholly-owned subsidiary, PPL Shipyard Pte, has terminated two contracts with the subsidiaries of Perisai Petroleum Teknologi Bhd, for the construction of two jack-up rigs following the expiry of the existing Deferment Agreements.
Sumitomo Chemical has reached an agreement with PTT Global Chemical Public Company Limited (PTTGC) of Thailand that Sumitomo Chemical will license its technology of manufacturing propylene oxide (PO) in connection with the petrochemical project which PTTGC is implementing.
CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016.
High Arctic Energy Services has announced the signing of a contract for the provision and operation of a highly mobile land rig for use in Papua New Guinea (PNG).
The Petroleum Safety Authority Norway has finished its investigation of an undesirable incident on Gullfaks B on 7 March 2017, when the boom of the pipehandling crane fell to the pipe deck.
The launch of increasingly long-range North Korea missiles this year indicate Pyongyang’s willingness to test US and Japanese red lines. Ross McCracken elaborates.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.