What impact Trump's tariffs on commodities and energy might have
President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars. Canada exported some $177.19 billion in energy products to the United States in 2023, according to government data. Canada's crude imports make up more than a fifth of all the oil that U.S. refineries process. About 70% of imported Canadian barrels go to Midwest U.S. refiners that supply an area that includes Chicago and Detroit.
Adani Total Gas, India's largest CNG producer, posts higher Q2 profits on stable demand
Adani Total Gas, India's largest gas company, posted higher profits for the seventh consecutive quarter on Thursday. This was aided in part by increased sales of compressed natural gas (CNG), as the government pushes for more gas-powered vehicles. The company, which is part of the Adani conglomerate that specializes in ports-to-power, reported a 7.5% increase in its consolidated profits to 1,87 billion rupees (US$22.24million) for the three-month period ended September 30.
Eni Buys Biogas Production Firm FRI-EL Biogas
Italian energy giant Eni has agreed to buy FRI-EL Biogas Holding company, a leader in the Italian biogas production sector.The transaction will see Eni’s subsidiary Ecofuel, a company responsible for managing Eni’s investments in the circular economy, buy Biogas Holding from and FRI-EL Greenpower, a Gostner family holdingFRI-EL Biogas Holding owns 21 plants generating electricity from biogas and a plant for processing OFMSW - the organic fraction of municipal solid waste - which Eni intends to convert to produce biomethane…
Babcock Delivers World's Largest LNG Bunker Supply Vessel
Babcock International is celebrating the completion of its ‘first of its kind’ and the world’s largest liquefied natural gas (LNG) bunker supply vessel, M.V. Kairos, as it is delivered to Babcock Schulte Energy (BSE).BSE is a 50:50 joint venture between Babcock and Bernhard Schulte Shipmanagement (BSM)."This achievement follows the success in meeting a series of critical programme milestones after initial ship award in December 2016 and highlights the strength of the relationship between the two organisations…
Rising Oil Prices Herald Next Phase in Cycle
Oil prices are now in the top half of the cycle, with benchmark Brent on Thursday trading above $80 per barrel for the first time since November 2014.In real terms, prices averaged $75 per barrel over the course of the last full cycle, which lasted from December 1998 to January 2016.The recent rise in prices sends a strong signal about the need for more production and slower growth in oil consumption.In the next few months, the narrative will increasingly turn…
Tosibox Technology Improves ANGI Energy Systems' Operations
Tosibox, maker of secure industrial communication technology and the world’s first remote access device with Plug & Go technology, is expanding its partnership with ANGI Energy Systems, a U.S.-based manufacturer of engineered gas compression equipment and a supplier of compressed natural gas (CNG) fueling equipment and systems. Tosibox Lock and Tosibox Key are now integral parts of ANGI’s communication panel and included in all new equipment installations. The technology allows ANGI to remotely address any problems or issues.
Petronet bets on LNG as a fuel to Drive Demand
India's top gas importer Petronet LNG is betting on liquefied natural gas-powered ships and vehicles to drive up demand for the cleaner fuel, its managing director said, helping the world's third most polluting nation to improve air quality. Prabhat Singh told reporters he expected a shift to LNG-driven vehicles to create "reasonable demand" for the fuel in a country where many industries are not yet linked to the pipe grid. India currently lags Asian rival China, where thousands of trucks and buses already run on LNG.
First Gas Filling Station Opens in Turku, Finland
The first gas filling station in Turku, Finland, was inaugurated at an opening seminar on November 7, 2016. Located by Tuontiväylä road close to the Port of Turku, the station was already opened for gas vehicle fill-ups last week.Gasum is committed to investing in the development of gas vehicle use and aims to construct two more gas filling stations in the Turku area next year.There is growing interest in the area in gas vehicle use.The development of the gas…
First Alternative Energy Hub at Antwerp Port
The Antwerp Port Authority and ENGIE have signed a 30-year concession agreement for the development of an Alternative Energy Hub at Quays 526 and 528 in the Port of Antwerp. The Alternative Energy Hub will consist of a bunker and filling station with liquefied natural gas (LNG) for inland navigation and road transport. The site will also feature a compressed natural gas (CNG) filling station and rapid chargers for electric vehicles. With the development of the Alternative Energy Hub…
Gazprom, KAMAZ Push for CNG Use
Gazprom and KAMAZ have their focus on the market expansion for gas as a vehicle fuel. The companies have been coordinating their efforts in converting vehicles to run on compressed natural gas and in promoting NGV warranty and maintenance service arrangements. This matter came up for discussion at a working meeting held at Gazprom headquarters today between Alexey Miller, Chairman of the Company's Management Committee and Sergey Kogogin, Director General of KAMAZ.
Obama's Call for $10 Oil Tax is DOA
President Barack Obama's final budget will propose a $10 per barrel oil tax, investing the proceeds in mass transit, high-speed rail, urban planning, highway upgrades and self-driving cars, among other programmes. "President Obama's 21st Century Clean Transportation System", outlined by the White House to reporters on Thursday, drew predictable praise from environmental groups and howls of outrage from oil producers. But the most important thing to remember about the clean transportation plan is that it stands no chance whatever of becoming law.
RINA Group Widens Gas Sector Services
International classification, certification and engineering group RINA said it has widened its services to the global gas industry. While its traditional classification society arm RINA Services has recently approved a new Compressed Natural Gas carrier to aid the exploitation of marginal fields, the groups’ engineering arm, D’Appolonia, is delivering geotechnical, social and environmental services to the Mozambique LNG development. The gas market and technology are constantly changing, and RINA Services and D’Appolonia lead those changes, according to the group.
Hitachi Gas Supply System Order for MHI
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines. In lieu of conventional heavy oil, the system supplies liquefied natural gas (LNG), injected under high pressure, to the engine. This configuration curbs emissions of sulfur oxides (SOx), nitrogen oxides (NOx) and carbon dioxide (CO2), thus contributing to reduction of environmental loads.
MTM Signs Exclusive Multi-Year Contract With Eni
MTM, a fully owned subsidiary of Fuel Systems Solutions, Inc., through its CUBOGAS brand of compressed natural gas (CNG) compressors and systems for vehicle refueling, announced it has signed a new exclusive multi-year contract with Eni S.p.A., an Italian multinational oil and gas company headquartered in Rome, to supply and maintain new CNG refueling stations to be constructed in Italy. Under the terms of the contract, over the next three years MTM will supply…
California Zero Emissions Push Could Edge Out Natural Gas
Fifteen years ago, California led the way to cleaner transit buses with strict tailpipe emissions standards that effectively ushered out diesel as the primary fuel for buses in the state and replaced it with natural gas. Now, California is poised once again to take the lead, this time by mandating a switch to so-called "zero-emission" buses by 2040. The new push by California's powerful Air Resources Board (CARB) has the potential to marginalize natural gas as a bus fuel in the same way its adoption once marginalized diesel.
DNV GL Proposes Alternative to Gas Flaring
140 billion cubic meters of natural gas produced together with oil is wastefully burned or “flared” at thousands of oil fields around the world, equivalent to the combined gas consumption of Central and South America in 20131. Now new DNV GL research shows alternatives to flaring and their economic viability. Based on real locations and field conditions, DNV GL’s methodology uses gas flowrate and distance to market to select the most appropriate technical solutions on a case-by-case basis.
Indian Oil Shifts Focus to Expanding Natural Gas Business
Indian Oil Corp (IOC) , the country's biggest refiner, is expanding its natural gas business as the south Asian nation, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil. Thirteen of the world's 20 dirtiest cities are in India, with New Delhi taking top spot, a report by the World Health Organisation said last year. As part of Prime Minister Narendra Modi's "Clean India Mission", the country last year launched an air quality index to help citizens understand complex pollution data and its implications for their health.
ABS Updates Guidance on LNG Bunkering
ABS has updated its guidance on LNG Bunkering in North America to support the transport sector's increasingly rapid transition to the use of cleaner fuels. The second edition of ABS' Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America was released today, offering new market-leading advice to shipowners and operators who may be looking to develop bunkering infrastructure in response to new emissions regulations and showcase their environmental stewardship.
GE, Statoil Partner for Sustainable Energy Development
GE and Statoil announced a new collaboration which intends to accelerate the development of more environmentally and economically sustainable energy solutions. This joint technology-focused program is aimed at driving an industrial response to some of the biggest challenges facing global oil and gas production, including flaring, CO2 and methane emissions, and water usage, while also optimizing business operations. “In order to respond to the growing energy demands of the world…
FortisBC Starts Expansion of Tilbury LNG Facility
FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity. FortisBC marked the occasion with a ground-breaking ceremony attended by The Honourable Christy Clark, Premier of British Columbia; Delta Mayor Lois Jackson; as well as Scott Hamilton, MLA North Delta; and Vicki Huntington, MLA South Delta. FortisBC Energy Inc.
