Monthly Archives: June 2017

Indian Oil Producers Face New Scrutiny From Modi Government As 2020 Target Nears

Indian state producers face increased scrutiny from the energy ministry to make sure the Asian giant meets its import dependency reduction goals, according to Oil Minister Dharmendra Pradhan on Wednesday. “We have now started monitoring those fields and have given new benchmarks to the National Oil Companies to increase production," Pradhan said at an industry event, according to Reuters. Prime ...

Source: Oilprice.com

ING bank says it will not finance major Canadian pipeline projects

Dutch lender ING Groep NV has said it would not finance any of Canada’s major pipeline projects, including TransCanada Corp’s Keystone XL and Energy East and Enbridge Inc’s Line 3, after pressure from activists. The move came after ING earlier this month publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain expansion project, but did not [Read More…]

The post ING ...

Source: OSY Rentals

Highlights from RefComm® Galveston 2017: Pay Attention to Furnace Crossover Temperature (XOT)

We had 50 refiners from 21 different plants represented in the Delayed Coker Process and Troubleshooting Training course at RefComm® Galveston 2017. Lots of different viewpoints were shared from all sizes and designs of equipment. One of the more exciting group exercises conducted was a simple benchmarking around the room regarding heater performance.

Specifically, we dug into heater inlet, crossover, ...

Source: Coking.com

Is The U.S. Close To Achieving ‘Energy Dominance’?

If you hadn’t heard, the Trump Administration has declared this week to be “Energy Week”, a week during which the President and his senior officials are focusing on the theme of “U.S. Energy Dominance.” Not “energy independence” or “energy security”, both themes past presidential administrations have focused upon – “energy dominance.” So, what does it all mean, ...

Source: Oilprice.com

Can ‘Fire Ice’ Replace Shale?

Scientists, researchers, and engineers have known for decades that there is an energy resource trapped inside ice and found under Arctic permafrost or beneath the ocean floor. Once thought to be rare in nature, newer estimates are that methane hydrates—popularly known as flammable ice or fire ice—are abundant in offshore waters of both resource-rich countries like the U.S., ...

Source: Oilprice.com

New LSU Report Forecasts Gulf Coast Spearheading America’s Bright Energy Future

The oil and gas industry along the Gulf of Mexico is set for a major expansion by 2019, according to a new report from Louisiana State University’s (LSU) Center for Energy Studies. The report predicts a surge in production and processing of oil and gas in the region, even in a continuing climate relatively low commodity prices.

The inaugural “Gulf ...

Source: Energy In Depth

Why The Oil Price Implosion Didn’t Drag Global Markets Down

Energy stocks have been the worst performing sector in the S&P 500 index so far this year. Last week, oil slipped into a bear market, but the benchmark U.S. index is holding up, and has gained 8 percent year to date. The correlation between the S&P 500 and oil prices has dropped to the lowest since January this year, ...

Source: Oilprice.com

North Korea Buys Russian Oil Via Singapore, Senior Defector Says

North Korea is likely buying diesel from Russian oil companies via trading companies in Singapore, and should the U.S. cut off all oil flows to Pyongyang, it would sever the regime’s lifeline, senior-level North Korean defector Ri Jong Ho told Voice of America Korean Service in his first interview since he defected in October 2014. For 30 years, Ri ...

Source: Oilprice.com

Head of NEB welcomes overhaul recommendations as way to keep up with times

CALGARY – The head of the National Energy Board says the proposed overhaul of the federal regulator will make it more suited to the challenges of the 21st century. Speaking at the sidelines of an industry safety workshop, NEB chairman Peter Watson says recommendations last month by a modernization panel could fix some of the [Read More…]

The post Head ...

Source: OSY Rentals

Who Controls Iran’s Energy Sector?

Despite having a more diversified economy than its Gulf neighbours, oil and gas revenues only account for 11 percent of Iran’s GDP. Its oil & gas sectors are strategic not only due to their size (the world’s fourth largest oil reserves and first gas reserves), but also because 40 percent of Iran’s foreign currency reserves come from oil & gas ...

Source: Oilprice.com