African Energy: Senegal Leads Local Content Drive
Senegal is determined to become the new front runner of Africa’s local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien and hosted by the African Energy Chamber and Centurion.Presided by Prime Minister Mahammed Boun Abdallah Dionne, the forum highlighted the potential for Senegal to redefine African standards for domestic capacity building and governance in the continent’s hydrocarbons sector.
Trelleborg Solutions to FSRU-Based LNG Terminal
Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Infrastructure’s Jaigarh Port in Ratnagiri District, Maharashtra. Developed in accordance with industry leading engineering and safety standards and an annual capacity of 4 MMTPA, H-Energy’s LNG Terminal will offer storage, re-gasification, re-loading, fuel bunkering and truck loading facilities to cater to the growing energy demand of Indian industries.
India's First FSRU Based LNG Terminal Launched
H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by JSW Infrastructure (the maritime infrastructure development arm of $ 12 billion JSW Group). The LNG terminal was inaugurated today, by the Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis. H-Energy’s LNG…
NOVATEK, Leningrad Region Government Join Forces
OAO NOVATEK and the Leningrad Region Government entered into a Cooperation Agreement on the region’s social and economic development at the 20th Saint Petersburg International Economic Forum. The document envisages that the Parties will take joint efforts in investment, research, and innovations in the Leningrad Region. The Agreement is signed for a term of three years. The Parties anticipate that the Agreement will contribute to a favorable investment climate in the region…
Price Slump Should End Asian Fuel Subsidies
The 25 percent drop in Brent crude so far this year is providing an unparalleled opportunity for Asian governments to scale back or end fuel subsidies. Some, like India and Malaysia, have already cut off or reduced support for gasoline and diesel, but the worst offender in the subsidy stakes, Indonesia, has yet to take the plunge. The arguments against fuel subsidies are sound. They place a huge burden on the finances of government budgets in developing countries…
MHI to Transfer Ownership Stake to MEG
Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. (MBE), a group company, to MEG. Simultaneously, a shareholders agreement was also concluded between MHI and MEG. The Japanese market for social infrastructure is currently very robust,…
Power of Siberia construction launched
Yakutsk hosted today celebrations dedicated to welding the first joint of the Power of Siberia gas transmission system (GTS) meant to be a crucial element of the gas supply system being built in eastern Russia. The GTS will convey gas from the Yakutia and Irkutsk gas production centers to the Far East and China. The attendance was comprised of Russian President Vladimir Putin, Zhang Gaoli, First Vice Premier of China's State Council, Yury Trutnev, Deputy…
Extraction Spending to Increase in Sub-Saharan Africa
The bulk of spending is likely to take place in South Africa and Tanzania. Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012, according to a new report issued by PwC, ‘Capital project and infrastructure spending: Outlook to 2025’. The report, for which Oxfords Economics provided research support, analyses infrastructure spending across 49 of the world’s largest economies which account for 90 percent of global economic output.
Preparing for the Next Big Solar Storm: Kemp
The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 percent, according to solar scientists. One such storm erupted from the surface of the Sun two years ago, on July 23, 2012. If it had been directed at this planet, it would have produced the worst geomagnetic storm in more than four centuries and caused extensive power problems. Fortunately, on this occasion, the eruption pointed away from Earth and the storm blasted safely out into space.
