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Wet barrels versus paper barrels
(EER July 22, 2010)
The development of the oil price is one of the most important economic issues in the world. The record-breaking oil prices in the summer of 2008 and their subsequent steep fall was blamed by many on the influence of speculators. It has given rise to a discussion at the highest political level whether or not measures should be taken to curb oil price speculation. Recently, however, oil prices have been remarkably stable, although at a fairly high level in view of the "fundamentals", in particular the drop in demand as a result of the economic crisis. At a recent conference at CIEP in The Hague experts discussed what we can expect of the future. Will the fundamentals kick in and if so will that mean lower oil prices, or will speculators once again drive up
prices? Read
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Midwest
worldwide Pipeline Directory contains more listings than ever
before
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28.07.2010
+ + + This unique directory contains operating company details - miles and diameters of natural gas, crude and product transmission and gathering pipeline systems; pipeline capacities and throughputs; narrative descriptions including pipeline systems owned and/or operated by the company. Not only does it contain the Pipeline Operators Worldwide, but the PC Directory also contains all support sectors in the industry, from the largest worldwide engineer/contractors to local service and supply companies in every
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Beluga Shipping announced
further investmens in the super heavy lift market -
Additional growth in
the offshore wind farm sector and offshore business segment
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23.07.2010
+ + + Beluga Shipping GmbH, the global market leader in the project &
heavy lift shipping segment, today announced plans to make further investments in the super
heavy lift market, extend its existing business segments, and improve its overall service
offering. Initially, additional growth is expected in the offshore wind farm
sector ... more
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Subsea Market
Forecast to 2014
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22.07.2010
+ + + The sixth edition of Global Perspectives Subsea
Market Update Report provides; analysis on the effects
of the global recession, presents information on key markets,
operators and original equipment manufactures. This new
report assesses potential capacity constraints, provides
insight on each OEMs’ historical market share and analyses new
technological developments such as subsea boosting and processing
... more
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E.ON leads in Offshore wind
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22.07.2010
+ + + E.ON is leading the European offshore business. According to new statistics released by the European Wind Energy Association
(EWEA) 118 new offshore wind turbines with a capacity of 333
megawatts, were connected to the grid in the first half of 2010
... more
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Wintershall reports second significant operated discovery in Norway
Maria discovery one of the largest findings in 2010
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22.07.2010 + + + Wintershall Holding GmbH announces a discovery at the Maria prospect in production licence 475BS in the Norwegian Sea about 200 kilometers off the coast of Trondheim. The well proved light oil and was drilled on the Halten terrace, near the Tyrihans and Åsgard fields. The size of the discovery is estimated between 60 and 120 million barrels of recoverable resources, placing it among the largest oil discoveries in Norway in this year
... more
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Siemens selected as
main electrical contractor
for natural gas liquids fractionation plant
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22.07.2010
+ + + Siemens Energy has been awarded a USD40 million project in the United Arab Emirates
(UAE) to engineer and supply an integrated power solution for a natural gas liquids
(NGL) fractionation plant. The customer is a joint venture between Petrofac and GS E&C on behalf of Abu Dhabi
... more
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Offshore wind heads for record year
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20.07.2010 + + +
118 new offshore wind turbines were fully connected to the grid in the first half of 2010 according to new statistics released today by the European Wind Energy Association (EWEA). Those 118 turbines have a capacity of 333 MW – well over half the 577 MW installed offshore last year – showing continuing strong growth in offshore wind power despite the financial crisis. In addition, 151 turbines (440 MW) were installed but not yet connected to the grid, EWEA revealed today
... more
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Proserv Offshore Awarded
Windfarm Solution Contract with DONG Energy
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15.07.2010 + + + Proserv Offshore, a leading global provider of subsea
maintenance, abandonment and decommissioning and services to the offshore energy
industry, has recently been awarded a substantial contract with DONG Energy to supply and operate their innovative wind generator pile cleaning solution at DONG's Walney 1 Windfarm, located in the Irish
Sea ... more
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ABB: HVDC Light transmission link
will connect three North Sea wind farms to German power grid
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15.07.2010 + + + ABB, the leading power and automation technology group, has won an order worth around $700
million, from the German transmission grid operator, transpower, to supply an 800-megawatt (MW) power link that will connect more offshore wind farms in the DolWin1cluster, located in the North Sea to the mainland German
grid.
ABB will deploy its innovative and environmentally friendly HVDC Light (high-voltage direct
current) transmission technology to transmit power from the 400 MW Borkum West II wind farm and other wind farms to be developed
nearby ... more
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RWE Dea to invest 3.6 billion US-Dollars in gas project in Egypt
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15.07.2010 + + + RWE Dea will be investing 3.6
billion US-Dollars in the field development in the North
Alexandria and West Mediterranean Deep Water concessions – the
biggest single investment for the upstream company to date.
Together with the Egyptian Petroleum Minister Sameh Fahmy, the
Egyptian state-owned company EGPC and the operator BP .... more
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Chemieanlagenbau Chemnitz GmbH: New projects
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15.07.2010 + + + Chemieanlagenbau Chemnitz GmbH (CAC) has concluded a new contract for the construction of the 2nd stage of extension of a plant for the production of expandable polystyrene in
Perm. (See illustration) The first engineering works were already started. This order with a value of approx. Euro 25 Million is just one of several others that fill CAC’s order books for the upcoming years. Projects in natural gas storage technology and chlorine-alkali electrolysis account for a major proportion of the good order
development ... more
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.More
News + + + News Archive
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.Siemens wins another order from transpower for connecting up offshore wind turbines
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.LUKOIL
wins tender for E&D of two offshore blocks in Romania
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.GL Noble
Denton: Asset Optimisation - Applying RAM Modelling techniques
...
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.Siemens
to supply main refrigerant compressor solution for LNG plant in
China
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.Siemens to become equity partner in offshore wind park installation specialist A2SEA
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.Siemens wins order to connect Lincs offshore wind farm to the UK grid
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.Agreement
signed by partners of ITGI natural gas pipeline
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.Siemens secures order for Denmark’s largest offshore wind farm
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.Infield:
Floating Production Systems - Market Update Report to 2014
(PDF 690 MB)
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.Gjøa platform heads to North Sea
(© Offshore Weekly Report)
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.Azerbaijan plans
refinery, gas processing plant in Baku (© Oil
& Gas Journal)
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.OMV:
Vienna Stock Exchange invests in the Central European Gas Hub
(CEGH)
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.ENI, Gazprom sign MOU for entry of EDF into South Stream AG
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.RWE Innogy awards contract for offshore foundations to Aker Verdal
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.LUKOIL
conducts oil spill response exercise in the Caspian Sea
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.Siemens concentrates its European production of process instruments in Haguenau, France
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.Metso:
New Neles ValvGuard VG9000 increases safety cost-efficiently
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.Gazprom and Siemens sign MoU to cooperate on LNG technology
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.BMI
offers Country Reports for 15 Asian Oil & Gas Markets - incl.
Forecasts to 2019 (PDF 1,2
MB)
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.Shell selects Siemens as its single main power distribution contractor
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.RWE
Innogy, Stadtwerke München and Siemens
build offshore wind farm Gwynt y Môr
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.PETROM: Start-up of Hurezani gas delivery system
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.Voith Hydro and RWE Innogy install marine tidal current turbine off the Scottish coast
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.TMK
Strengthens Global Footprint with TMK Africa Tubulars
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.RWE Innogy to develop 4,000 megawatt of offshore wind power in the UK
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.HOCHTIEF AG: New jack-up
platform THOR
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.Baltic
2.
EnBW and Siemens sign contract for the supply of 80 wind turbines
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.A2SEA wins contract at Ormonde Offshore Wind Farm
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.Siemens receives order for largest turbine-generator set produced to date in Görlitz
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.20 years of FLEXIM - A good reason for celebration
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.PetroChina
selects Siemens wet air oxidation technology for ww treatment at
new ethylene facility
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.RWE
Innogy chooses Bremerhaven as offshore base port
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.Butting
Duplex and Superduplex pipes
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.Black
Sea LNG accord could 'torpedo' Nabucco gas line - (©) Oil
& Gas Journal
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.Siemens:
New ultrasonic flowmeter for the hydrocarbon industry
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Advertisement:
Volga-Dnepr Airlines in the Oil & Gas Journal
Contact:
>
http://www.volga-dnepr.com
>
http://www.airbridgecargo.com
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Oil,
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