Cruise Line Executive: LNG Represents The Fuel Of The Future

lweb.es/f2509 01.05.2017

Carnival Corp & plc, the world’s largest leisure travel company with 10 cruise line brands traveling to all seven continents and nearly 750 ports of call, has ordered a total of seven fully LNG-powered cruise ships – a first for the industry. The ships, the first of which will set sail in northwest Europe and the Mediterranean, will feature dual-fuel engines that will burn LNG both in port and at sea. The company’s senior VP talks about the rationale behind the change from marine diesel to LNG.

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cMISTTM : ExxonMobil’s New Natural Gas Technology

lweb.es/f2527 01.05.2017

ExxonMobil has developed cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This new technology reduces corrosion and equipment interference helping to ensure the safe and efficient transport of natural gas through the supply infrastructure and ultimately to consumers. It has been licensed to the Chemtech division of Sulzer, a leading player in separation technologies, to facilitate deployment across the oil and gas industry.

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Total Plans US$ 1 Billion Annual investments In Brazil

lweb.es/f2523 12.28.2016

iconThe decision by Total E&P do Brasil to expand operations in Brazil with annual investments of US$1 billion comes on the heels of Total agreeing to acquire assets from Petrobras as part of the latter company’s asset sales program. Technical cooperation will be strongly reinforced between the two companies including joint assessment of the exploration potential in key prospective areas in Brazil, and the development of new technologies. Total will also enter the integrated gas and power market in Brazil. Petrobras and Total jointly participate in 19 E&P consortiums worldwide.

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Electric Vehicles: Not A Game-Changer For Oil Market

lweb.es/f2480 12.27.2016

iconAccording to BP, electric vehicles are not likely to be a game changer for the growth of oil demand over the next 20 years where the increasing prosperity in emerging Asia is likely to swamp the impact of even a very rapid increase in electric cars. In fact, there may well be more cost effective methods of reducing CO2 emissions over this period, for example greater improvements in vehicle efficiency, a switch away from coal in the power sector, or increased investment in Carbon Capture and Storage. But these considerations should not detract from the many potential benefits that electric vehicles may bring.

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Rising Costs Threaten China’s Reputation As “World’s Factory”

lweb.es/f2500 12.27.2016

According to the director of the Center for Economic Diplomacy, Fudan University, Shanghai, China’s reputation as the world’s factory is increasingly threatened by rising costs, the accelerated manufacturing resurgence in various developed countries and the growing competitiveness of emerging economies. This situation has prompted numerous Chinese manufacturers to move their factories offshore. Manufacturing has long been at the foundation of China’s rise into a global economic power and the country needs to consolidate this manufacturing foundation. Otherwise China will risk hollowing out its real economy before it grows strong enough.

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Spectre Haunts OPEC Deal: How Fast Will U.S.Shale Come Back?

lweb.es/f2501 12.26.2016

After the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. But the biggest threat to OPEC’s plan could come from within: if Nigeria and Libya were to reach their potential next year, then their additional barrels would almost wipe out OPEC’s supply cuts; and Iran could be making up for several years of sanctions. Another challenge could come from the now leaner and more efficient U.S. drillers – a bigger boost in prices could mean a million-barrel shale surge.

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Gulf Cooperation Council: Diversification And Privatization

lweb.es/f2475 12.24.2016

iconThe collapse in world oil prices since mid-2014 has reinforced two imperatives for the countries in the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE: First, the need to raise revenue in order to balance state budgets; and second, the strengthened focus on the understanding that diversification away from dependence on oil is both essential and long overdue. Thus, many of the GCC governments have been discussing and attempting to promote economic reform, with a particular emphasis on the need for wide-ranging privatization.

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