In the recent decades the international petroleum industry has experienced some major transformations, transformations which have led to a robust industry of new market entrants all in competition for the world’s petroleum resources. Much of the changes have been attributed to the constant rise in petroleum commodity prices, and others to the growing national awareness of the importance of energy products, not just as a catalyst for national development but to the growing need for energy security as scarcity becomes a reality. Upon this backdrop is the development of international arbitration (IA) in the petroleum sector.
Gas-Ship Rates Seen Rising 67% as Japan Replaces Nuclear: Freight Markets
By Moming Zhou and Alistair Holloway
The cost of shipping liquefied natural gas may advance 67 percent to a five-year high as Japan replaces its crippled nuclear industry with power plants burning fossil fuels.
LNG-tanker rates will average $100,000 a day in the fourth quarter from about $60,000 this quarter, according to Oyvind Hagen, an analyst at ABG Sundal Collier in Oslo, whose team’s share recommendations returned 16 percent in six months.
Hydrogen is an energy carrier which just like electricity is useful for moving in other forms to power homes or equipments. Hydrogen is derived from sources such as fossil fuels, water and biomass. Although, the hydrogen gas is very plenteous in the universe, it never exists alone but is usually mixed up with other gases and it occurs in compound forms. For instance there is hydrogen in water, oil, coal, methane and all living things. In terms of energy content, hydrogen has the highest energy content by weight but the lowest by volume, this quality does not therefore make hydrogen as potent as other fossil fuels due to the need to burn more hydrogen to produce the same amount of energy.
Solar Rally Might Fizzle After Nuclear Accident ‘Hysteria,’ Investors Say
The rally in solar shares after Japan’s atomic accident may fizzle because the crisis won’t quickly boost demand for renewable power, investors including First Empire Asset Management’s Michael Obuchowski said.
“The hysteria that helped run up solar stocks was not warranted by the damage in Japan,” Obuchowski, chief investment officer of the Hauppauge, New York-based firm that owns shares inFirst Solar Inc. (FSLR), said in an interview. “Down the road it may lead to policy changes and the restoration of incentives, but I don’t see that happening yet.”