News

The Need for Titan’s LNG Bunkering Pontoon

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In 2014, there were 47 ships running on liquid natural gas (LNG). By 2018 another 48 will have joined the fleet. LNG is a cleaner and cheaper alternative to other fuels, which would under most circumstances make it the top choice. However, problems with refuelling mean its use is not as widespread as expected. Currently, the only options for fuelling ships is through ship-to-ship fuelling or shore-to-ship fuelling, both of which present substantial drawbacks. But now Titan LNG, an LNG provider based in Amsterdam, is in the process of creating an alternative refuelling option in the form of an LNG bunkering pontoon.

Flow Measurement

Europe’s Need to Grow a Backbone for Energy Security

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A report generated by the Atlantic Council, a highly influential international think-tank based in Washington DC, has called for greater connectivity in the supply for LNG across Europe.  It states that current and proposed pipeline development projects need to be moved forward and properly coordinated to ensure gas can flow freely across the continent.  The report makes two main suggestions for how this can be accomplished and purports that the major benefits to these hugely ambitious projects will be greater competition with Russian pipeline gas and US LNG in addition to greater energy security for the whole of the EU as countries would no longer be dependent on gas supply from individual countries such as Russia or Norway.

Fresh News

China Expands their LNG Operations but the Reasons are Unclear

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The China National Petroleum Corp (CNPC) are increasing their investments in LNG exploration, production and pipelines to nearly double their annual output to around 180 billion cubic metres (bcm) by 2020.  This comes against a backdrop of low oil and gas prices, a cut in overall investment in the industry and losses recorded so far this year.  Whether the move away from oil towards gas is driven by environmental or economic factors is unclear.

Fresh News

How Spain is Making the Most of Small Scale LNG Markets

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With the development of major new European gas pipelines, 'small scale' operations are often overlooked.  Spain, despite not producing any LNG themselves, is the biggest exporter of LNG in Europe.  This is due to their capability to reload it for small, medium and large applications in large multimodel terminals.  Truck loading has played a major part in Spain's share of the export market and in 2015 35,000 trucks were loaded with LNG which represents 80% of the EU's truck loading traffic.  Coincidentally, transport is also providing a growing market for LNG as increasing numbers of trucks and ships are powered by it.

Fresh News

Caspian Sea Surges Forward in Gas Production Despite Continuing Low Prices

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As oil and gas companies across the Caspian Sea region have seen profits fall dramatically due to the collapse of the price of oil, many are letting their profits fall further by investing funds in projects to increase their production levels. Azerbaijan, Russia and Turkmenistan are all looking to increase their gas production due to a variety of factors including foreign investment and extra export capacity.

Fresh News

New Gasfield Discoveries Fuel Self Sufficiency in Egypt

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Egypt's demand for gas has long outstripped its supply capacity.  At an estimated $8bn this fiscal year, the cost of importing oil and gas is a drain on Egypt's economy.  With most of the current oil and gas wells reaching maturity, this situation will only get worse.  However, new gas reserve discoveries, changes in government policy and foreign investment look to boost Egypt's gas production to not only negate the deficit but to allow them to export LNG.  Presenters at the Offshore Technology Conference in Houston stated that they believed Egypt could significantly reduce its LNG imports as soon as 2018 and they anticipate that they could increase their gas production by more than 90bn m3 by 2022.

Fresh News

New Book Explains Methodology and Importance of ISO 5167

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In the UK, researchers estimate that £25 billion of natural gas is metered using an orifice plate. Vital decisions are made based on this data so it is essential that it is accurate.  The international standard, ISO 5167, ensures consistency in equipment and calculations to improve the accuracy of these measurements. Now, in new book, Dr Michael Reader-Harris of flow measurement consultancy NEL, part of the UK measurement infrastructure responsible for the management of the UK National Standard for Flow Measurement, gives operators a greater understanding of the physics and research that underpins the standard.

Industries

UK Oil and Gas Authority Launch Exploration Data Competition

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A recent Cross Sector Efficiency Study by the Oil & Gas Industry Council and PwC stated “Only fundamental change to the way businesses work and interact will generate the level of sustainable change necessary to compete for international investment in the North Sea and maximise recovery.”  In an attempt to affect this type of change, the UK Oil and Gas Authority (OGA) has launched a competition to find new and innovative ways to use extensive seismic data collected on the Rockall Basin and Mid North Sea High.  Scientists and engineers will have the chance to compete for a slice of the £500,000 worth of funding available to develop new technology to exploit these findings.