Monday, May 25, 2015

SOUTH AFRICA: Exploring Thorium as favourable Energy Generator

Thorium is characterised as a safer, less expensive, and simpler form of energy generation than uranium reactors and it could help provide clean water. To explain how this all works, CNBC Africa's Nozipho Mbanjwa is joined by Trevor Blench, chairman of Steenkampskraal Thorium Limited.

Santa Barbara coast devastated by nightmare oil spill

It is one of only five climates of its type in the world, but California's Gaviota coast in Santa Barbara county, is facing an ecological "disaster": from which say some experts it may never recover. Some locals are already calling it a "nightmare".

The Houston-based Plains All-American pipeline company says nearly 400,000 litres of crude oil have spilled on land and at sea.

Chevron’s Shipbuilding and Fleet Modernization Program

Chevron is currently undertaking the largest shipbuilding and fleet modernization program in recent corporate history. As part of this program, the company will be taking delivery of six new LNG tankers to support our growing role as a leader in LNG.

India attracts spot LNG cargoes as demand from Northeast Asian buyers slumps

LNG sellers have been forced to look for alternative markets for spot cargoes, and the focus is shifting outside traditional Asian markets. Stephanie Wilson, Platts managing editor for LNG in Asia, looks at the role the India in the LNG spot market and its geographical location to attract cargoes from both the Atlantic and Asia Pacific basins, as well as the emerging relationship between the Japan Korea Marker and the UK National Balancing Point.

Trading Crude Oil Futures: WTI vs. Brent

This is 'old but gold'...
Presented by Dan Gramza, President of Gramza Capital Management, and Pete Mulmat, Director of Education at CME Group
Oil is arguably the world's most important commodity. Crude and its derivatives are found virtually every aspect of modern life. However, the types of oil vary, as do the different benchmarks for crude oil prices around the world. Many may not realize that oil drilled in Texas isn't generally the same product that comes from the North Atlantic. Dan Gramza and Pete Mulmat examine the relationship between two benchmark oil futures contracts: WTI (West Texas Intermediate) and Brent. CME Group offers liquid, deep markets in both products, enabling traders to exploit price movements between them.

Saturday, May 23, 2015

FIVE POINTS- Philip Andrews-Speed on Reforming China's National Oil Companies

We bring you 5 salient points from a recent commentary made by Philip Andrews-Speed on the current direction for reform of the Chinese National Oil Companies: PetroChina, CNOOC and SINOPEC.
Philips Andrew-Speed is a specialist in International Energy Policy and Regulation.
1. Big bang or Small Steps; wholesale restructuring or incremental reforms? Far from predictable outcomes.

2. Genesis of restructuring was in 1998 when SINOPEC, PETROCHINA and CNOOC were restructured, commercialized and listed on international stock markets.

3. A culture of rent seeking, corruption, poor capital management and slowdown in improvements in commercial and technical performance exists on the Chinese home front.

4. Local Chinese companies, out of their lack of experience in gas exploration, could not

Saudi Arabia on fossil fuel cuts

Saudi Arabia's oil minister, Ali al-Naimi, has said the kingdom could phase out the use of fossil fuels by the middle of the century. The FT's Anjli Raval and Guy Chazan discuss the surprising remarks by the world's largest crude exporter.

Thursday, May 21, 2015

Shippers Forum on Oil & Gas by Liege Airport


With over 200 Charters at the Liege Airport...all destined for Africa it is little wonder that the Airport is a credible voice in discussing Oil, Mining and Gas Equipment shipping to Africa.


Iran Today - 20th int’l oil and gas exhibition in Iran

Iran held the 20th International Oil, Gas, Refining and Petrochemical Exhibition on May 6 for a 4-day period while there are high hopes that, by June 30, the country will clinch a final accord with the P5+1 group on its nuclear program.

The show came to an end on May 9 after four days in the capital city, Tehran. Aimed at attracting foreign investment and cooperation in petroleum projects, the show was mounted at a time when the country’s oil and gas industries, badly hit by Western sanctions, are in dire need of state-of-the-art technologies and economic support.

Emerging trends in East Africa's oil & gas sector

East Africa's Oil & Gas sector continues to generate a lot of interest especially with more discoveries of oil in Kenya and new licensing round in Uganda. However there are still pertinent issues such as local content inclusion and legal frameworks that need to be addressed. CNBC Africa's Claire Muthinji spoke to Dolapo Oni the head of energy research at Ecobank for more.

Biomass to Renewable Fuels | Oil & Gas | Honeywell

RTP™, or rapid thermal processing technology, is a fast thermal conversion process used to convert cellulosic biomass feedstock, usually forestry or agricultural residuals, into RTP green fuel—a light, pourable, clean-burning liquid biofuel. 

Wednesday, May 20, 2015

Goldman Sachs Predicts Oil Prices Will Retrace to Lows by October

Oil prices fell for a fifth day on Tuesday, and Goldman Sachs (GS) analysts believe they're going to drop much further. Although oil prices are trading at their highest level since December, driven by the quick reaction by U.S. producers as well as a large demand response, according to analyst Damien Courvalin, the global market imbalances are not solved and 'the rally will prove self-defeating.' He notes that

Oil price plunge leads to project cuts

Oil prices have plunged since last summer, leading energy companies to slow, postpone or cut about $100bn of spending on new projects. The FT’s Christopher Adams and Guy Chazan discuss the projects being axed and the wider implications for the oil market.

The future of oil supplies

At the Financial Times Energy Strategies conference in New York, leading figures in the industry discuss the outlook for oil supplies and prices. Has the fall in crude prices stopped the US shale industry in its tracks, or are we now in a new world where oil demand can be met at lower prices than in the past few years? Ed Crooks, US industry and energy editor, hears the arguments.

Economic race to extract Arctic resources

Some estimates suggest the Arctic holds around 13 percent of the world's undiscovered oil reserves and almost a third of its gas. That means great economic potential for the five different countries which claim territorial rights - Canada, Denmark, Norway Russia and the US. However, oil prices need to be around $80 per barrel to make production viable and environmental concerns are also expected to impact on drilling prospects. Al Jazeera's Erica Wood reports.

Inside Story: The Arctic drilling controversy

Get some unique perspectives on the race for additional reserves which has assumed a new frontier in the arctic

BP Alaska: Unmanned Aerial Vehicle (UAV) Pilot Testing

In Prudhoe Bay, Alaska, BP conducted pilot testing of Unmanned Aerial Vehicle (UAV) technology to enhance pipeline inspection and safety. Equipped with high-resolution cameras, the Aeryon Scout provides visual inspections of equipment, helping crews assess and respond to maintenance needs. The small rotor-wing aircraft is flown from a hand-held tablet computer.
This testing was carried out at BP in 2012. Three years on, how is the use of UAVs catching on around the world?

Sunday, May 17, 2015

T. Boone Pickens: Oil Tycoon For Clean Energy | Mad Money | CNBC

T. Boone Pickens on recent Oil Price Trends, etc

Super Tanker: LNG Carrier

A gas carrier (or gas tanker) is a ship designed to transport LPG, LNG or liquefied chemical gases in bulk

An LNG carrier is a tank ship designed for transporting liquefied natural gas (LNG). As the LNG market grows rapidly, the fleet of LNG carriers continues to experience tremendous growth.

The majority of LNG carriers are between 125,000 and 135,000 m3 in capacity. In the modern fleet of LNG carriers, there is an interesting exception concerning ship size. This is the introduction of several smaller ships of between 18,000 and 19,000 m3 having been built in 1994 and later to service the needs of importers of smaller volumes.

Super Pipeline: Ormen Lange/Langeled


The Langeled pipeline (originally known as Britpipe) is an underwater pipeline transporting Norwegian natural gas to the United Kingdom. Before the completion of the Nord Stream pipeline, it was the longest subsea pipeline in the world.

The project was launched under the original name Britpipe. In October 2003, Royal Dutch Shell, ExxonMobil and Statoil signed agreements to supply natural gas through the Britpipe. The pipeline's construction began in 2004. The largest part of the pipeline was installed by Acergy Piper, a pipe-laying ship of Acergy. Other pipe-laying ships, which were used, are Solitaire of Allseas, and Saipem 7000 of Saipem.

Super Rig: 'Troll A' Gas Platform

The Troll A platform is a condeep offshore natural gas platform in the Troll gas field off the west coast of Norway. It is the tallest structure that has ever been moved to another position, relative to the surface of the Earth, and is among the largest and most complex engineering projects in history. The platform was a televised sensation when it was towed into the North Sea in 1996, where it is now operated by Statoil.

Troll A was built by Norwegian Contractors for Norske Shell, with base construction beginning in July 1991 at a cost of 4150 million NOK, or approximately

Saturday, May 9, 2015

Oil Tankers

An oil tanker, also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: the crude tanker and the product tanker. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets.

Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000 DWT. Tankers move approximately 2,000,000,000 metric tons (2.2×109 short tons) of oil every year. Second only to pipelines in terms of efficiency, the average cost of oil transport by tanker amounts to only two or three United States cents per 1 US gallon (3.8 L).

Thursday, May 7, 2015

OTC 2015 - Wednesday Headlines

Technology, expertise, and best practices. Safety is a key part of the technical program this year at OTC 2015, along with collaboration. See the highlights from Day 3.