The American Petroleum Institute published its latest Monthly Statistical Report showing that US crude oil production sustained a record-tying 12.1 million barrels per day (mb/d) in April. Moreover, total petroleum demand was the highest for the month since 2007 at 20.2 million barrels per day.
According to ‘Research on Natural Gas Import in China, 2019-2023’ the developing Chinese economy and its stricter environmental protection policies lead the development of natural gas consumption in China. The natural gas consumption was boosted when the Chinese government implemented additional restrictions on atmospheric pollution and replacement of coal with natural gas in specific areas.
US net natural gas exports in February 2019 totaled 4.6 billion cubic feet per day (Bcf/d), marking 13 consecutive months in which US natural gas exports exceeded imports, according to the US Energy Information Administration (EIA).
Australia’s New South Wales (NSW) Government announced it has awarded Development Consent to AIE’s Port Kembla Gas Terminal. The decision by the NSW Minister for Planning comes after a thorough review of the Project’s Environmental Impact Statement (EIS).
The US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects in order to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements. The National Energy Technology Laboratory will manage the projects under both FOAs.
On Thursday April 12 the christening and launch of the 8,000 deadweight, dual fueled cement carrier M/V Shetland took place. Shetland is a sister vessel of the M/V Ireland and M/V Greenland. Several new initiatives were implemented during the construction process to further enhance quality. After the official handover the vessel will be managed by the MF Shipping Group.
The Sumas trading point on the Canada-Washington border averaged $161.33 per million British thermal units on its natural gas spot prices on March 1. This is the highest daily spot price ever recorded by Natural Gas Intelligence anywhere in the United States in at least five years. The price peak was due to regional supply constraints and unseasonably cold temperatures.
The entire pipeline system for Gazprom’s TurkStream project in the Black Sea has been completed following connections between TurkStream offshore section and landfalls. TurkStream is a project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey’s border with neighboring countries.
According to EIA US natural gas production experienced an increase by 10.0 billion cubic feet per day in 2018, noting an 11% rise in comparison to 2017. The development reported was the largest annual increase in production on record, establishing a record high for a second year in a row.
EIA estimates that between 2014 and 2017 natural gas processing capacity and processing throughput increased by around 5%, even as the number of individual plants reduced. Natural gas processing plant utilization rates stayed still at 66% from 2014 to 2017, but numerous states saw significant changes, largely reflecting changes in natural gas production across regions.
Oil traders try to send contaminated Russian oil to Asia21/05/2019
Hong Kong joins arrangement for aid of arbitrations21/05/2019
World’s largest aluminium ship soon to be built21/05/2019
Infographic: How to achieve 25% energy savings in cruise ships21/05/2019
Another unauthorised boarding in Singapore Strait21/05/2019
Carlyle-supported company wants guarantee on new US crude export project21/05/2019
- Maritime Knowledge
Cosco Busan: Lack of communication, poor oversight and 53,500 gallons of oil in San Francisco Bay21/05/2019
New diamond recovery vessel to start offshore operations in Namibia21/05/2019
- Women in shipping
Interview Pool brings balance in the maritime recruitment process21/05/2019
Mercator in financial trouble, fails to pay crew21/05/2019