Energy Update
The Hydro Hall of Fame Class of 2017 features four new inductees, honored June 27 during the opening keynote session of HydroVision International 2017 being held in Denver, Colo.
Repsol Sinopec Resources UK has achieved first gas from the Cayley field in the Montrose Area redevelopment project in the Central North Sea.
Hydro generation in the West has risen to new levels, which has pulled down power prices and cut back usage of other generation sources.
(Thu, 29 Jun 2017) The difference between high-sulfur residual fuel oil prices in Singapore and crude oil prices in Dubai/Oman has been narrowing since the spring. Low inventories of residual fuel oil in Singapore and lower residual fuel oil production from Russia are likely contributing to the narrowing price spread.
Concordia Maritime has signed a contract to charter out the P-MAX tanker Stena Paris.
Enterprise Products Partners has announced that the company is adding 300 million cubic feet per day (MMcf/d) of incremental capacity at its cryogenic natural gas processing facility currently under construction near Orla, Texas in Reeves County.
The Supervisory Board of PDH Polska S.A., Grupa Azoty’s SPV, approved the Management Board’s recommendation concerning the construction of a polypropylene plant in Police.
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, and its oil refining affiliate Hyundai Oilbank signed an MOU with Korea Electric Power Corporation (KEPCO), the state-run utility, to jointly develop overseas pet-coke based power plant businesses.
LUKOIL was the first oil company in Russia to endorse, with the support of the European Bank for Reconstruction and Development, the “Zero Routine Flaring by 2030” initiative.
Husky Energy has awarded Wood Group a multi-million dollar contract to complete detailed engineering for the topsides of White Rose, a concrete gravity-based structure wellhead platform planned for offshore eastern Canada.
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