Nord Stream 2 Update
Posted onChairman of the Gazprom Management Committee, Alexey Miller and Member of the E.ON Management Board, Klaus Schaefer met this November to discuss the highly-anticipated, upcoming Nord Stream 2 pipeline project.
Chairman of the Gazprom Management Committee, Alexey Miller and Member of the E.ON Management Board, Klaus Schaefer met this November to discuss the highly-anticipated, upcoming Nord Stream 2 pipeline project.
After four years of decline, European gas demand is estimated to increase by 7% in 2015 with respect to last year according to the latest forecast from Eurogas, the gas association representing the European gas wholesale, retail and distribution sectors. The first half of 2015 saw a significant increase of approximately 9% in demand, compared with the same period in 2014. This estimate comes from their annual survey, covering approximately 87% of the EU gas market.
Gazprom, the energy group controlled by the Russian state, has been embroiled in disputes over both contracts and supplies this summer.
After a torrid 2014, the UK’s North Sea oil industry is determined to ensure that it remains a viable, global player in the years ahead.
When it comes to the current outlook for the chemicals industry it is definitely a tale of two continents. While the prospects for the chemicals industry look healthy in the USA, at least in the medium term, it is a much more uncertain outlook on the other side of the Atlantic.
Now with more pressure to take care of the environment and high bunker fuel costs, the shipping industry has to carefully monitor operating expenditure and fuel consumption. There have been longstanding methods to measure fuel consumption, such as tank measurements and noon reporting. But with high accuracy becoming increasingly important for ship owners and operators, the use of fuel flow meters for shipping operations is growing in popularity.
One of the North Sea’s largest untapped resources, an oil field east of Shetland named Bentley, could produce over 300 million barrels of oil up until the year 2050.
In January 2017, Singapore will become the first bunkering port in the world where the use of mass flow meters will be mandatory.
Great news for the oil and gas industry – TRICOR Coriolis Technology has released their new 3 inch Coriolis flow meter. Whilst primarly suited to oil and gas applications, such as measuring the midstream transportation of oil and gas, allocation metering in crude oil and natural gas production, and metering of refined products in downstream production, many other industries will find it useful for their applications too.
A significant way to reduce energy consumption in a manufacturing environment is to optimise the combustion efficiency and energy management on industrial boilers, steam generators, ovens, furnaces, process heaters and smelters by using a thermal mass flow meter.