Gary Gentile, in this week’s Oilgram News Column Regulation & Environment, looked at the lengthy decision by a federal judge in the big civil action surrounding the Deepwater Horizon blowout.
By Gary Gentile | September 29, 2014 11:06 AM Comments (0)
By William Powell | September 26, 2014 12:01 AM Comments (0)
Among the many brilliant and baffling woodcuts by the Dutch artist MC Escher is a depiction of what appears to be a triangle made of three sections of wood, which is in fact an impossible construct owing to the way the joints appear to fit together.
If it existed at all, it would resemble the leg of an insect, which viewed from one position only would appear to enclose a triangle, but in reality it would form a three-part zigzag in space, two of its ends far apart.
By Colin Richardson and Sebastian Lewis | September 25, 2014 02:33 PM Comments (1)
There was blood on the floor at the China Iron & Steel Association conference in Dalian Thursday. Literally.
By News Desk | September 24, 2014 02:27 PM Comments (0)
By Esa Ramasamy | September 23, 2014 04:04 PM Comments (1)
The Greece-registered Minerva Glory oil tanker is expected to load another parcel of Western Canadian Select from Sorel, Montreal, Quebec.
This is the second parcel of WCS heavy sour crude to move out of Montreal. The destination of the Minerva Glory is not clear but players say it is most likely bound for the US Gulf Coast. The first parcel of WCS was shipped end-July to Louisiana.
Suncor has confirmed it is the seller of the parcel. Its need for the crude is probably diminished; it has begun maintenance work at its 137,000 b/d Montreal refinery. The maintenance is scheduled to last 11 weeks.
By Ross McCracken | September 23, 2014 05:00 AM Comments (1)
Below is an excerpt from this month’s issue of Platts Energy Economist.
Economic growth in emerging markets has driven energy commodity demand over the last decade, but that growth is now slowing. According to the IMF, GDP growth in emerging markets fell from 7% a year on average in 2003-2008 to 6% in 2010-13.
The Fund forecasts that emerging market growth will dip further to 5% from 2014-2018. The medium-term outlook is no better. The IMF writes: “In the past, we expected growth to bounce back (and it did). This time seems different.”
By James Bourne | September 23, 2014 12:01 AM Comments (0)
Myanmar, the Southeast Asian country still called Burma by many people, is rapidly emerging from almost 50 years of military rule and related economic isolation.
The country, which is slightly smaller than Texas and home to more than 50 million people of many ethnicities, religions and language groups, has great potential. Apart from known and hoped-for oil and gas resources the country also has substantial tin, zinc, copper, tungsten, lead and coal resources, as well as jade, other gemstones and hardwoods.
A few days spent in the former capital Yangon earlier this month proved a real eye opener. Those five decades of isolation have led to a many idiosyncrasies and problems, making it a struggle for most foreign investors to do business there.
By Ramthan Hussain | September 22, 2014 03:42 AM Comments (0)
Growing natural gas liquids production spurred by the US shale gas boom has stoked interest in new classes of ships to move ethane and LPG across oceans: very large ethane carriers and ultra large gas carriers.
The first VLEC orders have been placed and could keep shipyards busy for years, even as more are built to move cheap US ethane to Asia and Europe. But the time for ULGCs is yet to come.
After years of uncertainty because of economics, paltry demand and ballooning supply, the future is looking bright for ethane as appetite emerges in Europe and Asia, and with it the need for longer-haul and larger vessels.
By News Desk | September 22, 2014 12:01 AM Comments (0)
Like a lot of other oil producers, Ecuador is seeing flagging levels of output. One field holds promise to reverse that, but its development has become controversial. In this week’s Oilgram News column, At the Wellhead, Quito correspondent Stephan Kuffner discusses the challenges facing the field’s development.
By Jeffrey Bair | September 19, 2014 09:21 AM Comments (6)
Over at ESPN, there’s a podcast called “Numbers Never Lie.”
The name’s something sports types like to throw around when making a point.
Like this: Detroit Tigers slugger Miguel Cabrera is one of only four players with 300 total bases in 11 straight seasons. It would be hard for even a Kansas City Royals fan to punch a hole in that.