Easwaran Kanason

Co - founder of NrgEdge
Last Updated: September 19, 2016
1 view
Business Trends
image

Last week in the world oil

Oil prices started the week on a stronger note, as Venezuela dropped a hint that OPEC and non-OPEC producers were close to a deal that would reduce crude oil output across both producer blocks. The ‘informal’ talks in Algiers, which begin September 26, may lead to a formal meeting for official decision making if the consensus can be reached.

With the Niger Delta Avengers’ saboteur acts receding, ExxonMobil is preparing to re-start its exports of Qua Iboe crude from Nigeria. A temporary pipeline has been prepared, which could load Qua Iboe cargo as early as late September, while repairs on the main pipe continue. 

The US oil rig count rose by two last week to 416 operating sites, the tenth increase in eleven weeks as producers maintain a sense of optimism that prices will recover, betting that OPEC will be able to reach some form of agreement with non-OPEC producers, mainly Russia, over a supply freeze. In particularly, two of the restarts last week were offshore, signaling longer-term optimism over production.

Shell is exiting the Danish downstream market, selling its 70 kb/d Fredericia refinery and associated infrastructure to Denmark’s Dansk Olieselskab for US$ 80 million. The Anglo-Dutch supermajor will be retaining its upstream interests in the Scandinavian country, diverting its attention towards gas-rich Australia and shale opportunities in the US worldwide while exiting as many as ten countries over the next year. 

Shell has officially started up its new aromatics unit at its Pernis refinery in Rotterdam, the Netherland. The unit is a heart cut splitter that will produce feedstock, primarily benzene, which will be sent to Shell’s Moerdiik Chemical Plant, a major petrochemicals unit 35km away. Pernis is a 404 kb/d site, Shell’s largest in Europe, and part of its strategy to move away from pure downstream to integrated refining/chemicals production globally. 

Canada’s BlackPearl resources has received approval to go ahead with its 80 b/d Blackrod oil sands thermal project, a rare glimmer of positivity in Alberta’s oil sands industry, battered terribly by low oil prices. The power generation projects is aimed at utilising oil sands within Alberta, now that shipping it south to the US is no longer feasible, but BlackPearl itself cautions that it will only move ahead with the project with a partner and if oil prices return to US$60/b levels and higher. 

Statoil will begin supplying the three Baltic nations with natural gas through Lithuania’s Klaipeda LNG terminal, a floating storage terminal that started up in 2014 to reduce dependence of Russian gas. Statoil is currently the only supplier to the terminal, and eventually hopes to supply LNG to Estonia and Latvia as well. 

UK-based Andalas Energy and Power is tying up with Indonesia’s Pertamaina to focus on monetising marginal gas fields across the archipelago. Andalas has experience in this strategy, something that would be a welcome boon to Pertamina, which is struggling to meet official targets for oil and gas production. The partnership will focus on five stranded gas fields in Riau, Jambi and South Sumatrra that are suitable for sub-100MW gas-to-power independent power projects (IPP). 

Malaysia’s Petronas has agreed with partner with Azerbaijan’s SOCAR to develop the offshore Goshadash hydrocarbon block in the Caspian Sea. The deal deepens Petronas’ presence in Central Asia, where it has substantial assets obtained as part of its strategy to diversify beyond Malaysia, focusing particularly on the former Soviet republics of Central Asia. Petronas already has a presence in Azerbaijan, owning a 15.5% interest in the Shah Deniz gas field that was purchased from Statoil in 2014. 

China’s Zhejiang Rongsheng is planning to double its petrochemicals-focused refining project to 800 kb/d in 2020, with the first phase scheduled to start in 2018. The move might be a sign that Chinese petrochemicals producers are newly optimistic about the health of petrochemicals, manufacturing and trade in China, which has been slowing down recently. 

After Zhejiang Rongsheng announced plans to add 400 kb/d more petrochemical capacity by 2020, Sinochem) announced it would add an ethylene complex to its Quanzhou oil refinery, underscoring an improvement in sentiment for Chinese petrochemicals producers.

BP’s decision to sell its stake in its Chinese petrochemicals joint venture SECCO has triggered a race between South Korea’s SK Chemicals, Austria’s Borealis and Switzerland’s Ineos to purchase the departing British company’s stake. The deal could fetch up to US$2 billion, and would partner the winning bidder with Sinopec, who has right of first refusal over BP’s equity. 

India is in talks with Russia to build an ‘energy bridge’ between the two countries. This will involve pipelines linking Russia to the energy-deficient India that will have to cross through politically-sensitive territory: either the western regions of China or through Kashmir, which would draw the irritation of Pakistan.

Have a productive week ahead!
 

Read more:
oil market update market insight oil prices update oil market currents oil market news
3
2 0

Something interesting to share?
Join NrgEdge and create your own NrgBuzz today

Latest NrgBuzz

Auto and Diesel Repair

Redline Auto offers a full range of the best auto and diesel repair service in Bountiful, Utah, to car owners. Our expert mechanics know how to handle all repairing services, from oil changes to brake repairs to engine and even transmission repairs.

January, 26 2023
Gunshot Detection Systems Market Trends, Analysis, Business Opportunities and Global Forecast to 2028

According to MarketDigits Gunshot Detection Systems Market was valued USD Billion in 2021 and estimated to reach USD 1,413 Million by 2028, growing at a CAGR of 10.5% during the forecast period of 2022-2028.

Top Key Players of Gunshot Detection Systems market: -

Information System Technology, Acoem Group, ELTA Systems Ltd, Louroe Electronics, Compagine Industries Des Lasers (CILAS), MicroflownAvisa B.V, Rheinmetall AG, Databuoy Corporation among others.

Gunshot Detection Systems Market Insights: 

Gunshot Detection Systems Market expansion is estimated to be fueled by rising expenses in border security. The use of these tools can help border security personnel identify and foil attempts at smuggling, infiltration, and illegal immigration. Manufacturers might also be able to help law enforcement identify criminals and find illegal entrances even in the absence of gunfire with a small system adjustment. To counteract the escalating number of mass shooting occurrences, various law enforcement organizations are currently using a variety of strategies, creating new market prospects for cutting-edge gunfire detection systems.Major American cities are seeing an increase in the number of public gun shootings. The precise location of the gunshot can be determined using gunshot detection equipment. Schools, hospitals, and universities can all install this technology. The market for gunshot detection may be driven by the need to ensure the safety of residents and pupils.The gunshot detection system market is highly competitive with a large number of players offering various products and services. Some of the key players in the market include Information System Technology, Acoem Group, ELTA Systems Ltd, Louroe Electronics. These companies have a strong presence in the market and have been investing heavily in research and development to develop advanced and innovative products.

Regional Market Insights:

Because of the development of nations like China, India, and Southeast Asia, the Asia Pacific region is estimated to account for a sizeable portion of global sales. The region's development of smart city initiatives has made a substantial contribution to market expansion. Thailand has the highest rate of firearm fatalities in Asia-Pacific. Gunshot detection systems now have a chance to take advantage of the LEMEA region's apparent trend toward safe cities.

Request for quick sample PDF of the Gunshot Detection Systems Market Report @ https://marketdigits.com/gunshot-detection-systems-market/sample

The report on Gunshot Detection Systems Market covers segments By Application (Defense, Commercial), Installation Type (Soldier Mounted, Vehicle Installations, Fixed Installations), Solution Type (System, Saas) & Geography and Forecast to 2028. The report was put together after watching and researching a number of elements, including the region's economic, environmental, social, technological, and political condition, that affect regional growth. Analysts have examined each region's data on sales, output, and manufacturers. The revenue and volume breakdown by region for the forecast period of 2022 to 2028 is analyzed in this section. The reader will gain insight into the possible value of investment in a specific area thanks to these evaluations.

Pre-Post Impact of Covid-19 on Gunshot Detection Systems market: -

The COVID-19 pandemic, which has affected businesses from all sectors of industry, has had an influence on both personal and professional lives. Public sector businesses and government organizations, as well as the IT, telecommunications, and healthcare industries, heavily invested in IoT technology to manage the unique COVID-19 pandemic catastrophe and get the best results in saving a life. Therefore, increased IoT investment during the pandemic is a significant contributor to the market's growth.

Gunshot Detection Systems Market Scope and Market Size:

The main outputs of this analysis are market data with thorough classifications and revenue breakdowns. Revenues from the Gunshot Detection Systems Market are broken down by service type, deployment style, sector, and geography. Players, stakeholders, and other market participants will be able to establish a strong position as a result of this report's benefits for their marketing plans. In terms of revenue and forecast for the years 2022–2028, the market study focuses on revenue and forecast by region/countries and by application. In-depth market share analysis with individual revenue, market shares, and company rankings. Detailed competitive landscape with identification of the important players in relation to each type of market.

The Report also looks at the market's current state of development, its prospects, and the global Gunshot Detection Systems market trend. Additionally, it divides the Gunshot Detection Systems Market into segments according to service type, deployment methodology, industry, and region to allow for in-depth analysis and the disclosure of market characteristics and prospects.

Purchase this single Gunshot Detection Systems Market user report @ https://marketdigits.com/gunshot-detection-systems-market/buy

Segmentations Analysis of Gunshot Detection Systems Market: -

Major Segmentations Are Distributed as follows:

By Application

  • Defense
  • Commercial

By Installation Type

  • Soldier Mounted
  • Vehicle Installations
  • Fixed Installations

By Solution Type

  • System
  • Saas

Gunshot Detection Systems Market Report Gives Answers to Following Key Questions:

  • What will be the Gunshot Detection Systems Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Gunshot Detection Systems market?
  • What are the main forces behind the worldwide Gunshot Detection Systems market? Which companies dominate the Gunshot Detection Systems market?
  • Which companies dominate the Gunshot Detection Systems Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Gunshot Detection Systems industry's suppliers' opportunities and dangers in the Gunshot Detection Systems market?
  • What is the Gunshot Detection Systems industry's regional sales, income, and pricing analysis? In the Gunshot Detection Systems market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Gunshot Detection Systems Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for the Gunshot Detection Systems Market?
  • What are the dominant revenue-generating regions for the Gunshot Detection Systems Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Gunshot Detection Systems Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Gunshot Detection Systems market? What are the Gunshot Detection Systems Market's main applications?
  • In the coming years, which Gunshot Detection Systems Market technology will dominate the market?

Request for quick sample PDF of the Gunshot Detection Systems Market Report @ https://marketdigits.com/gunshot-detection-systems-market/sample

About us:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

 We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

January, 23 2023
Pet Wearable Market Analysis, Latest Trends, Technological Innovations and Global Forecast to 2028

According to MarketDigits Pet Wearable Market was valued USD Billion in 2021 and estimated to reach USD 5.80 Billion by 2028, growing at a CAGR of 13.7% during the forecast period of 2022-2028.

Top Key Players of Pet Wearable market: -

Fitbark, Datamars, Avid Identification Systems, Link AKC, Voyce, Invisible Fence, Garmin Ltd, Whistle Labs Inc, PetPace LLC among others.

Pet Wearable Market Insights: 

Because more people are adopting pets as companions for mental stability and enjoyment, pet care costs are also rising. Moreover, the global pet wearable market is estimated to expand rapidly during the forecast period due to the increasing accessibility and popularity of wearable devices. Additionally, improvements in wireless area networks, reasonably priced and effective wireless sensors, the use of digital maps, and the creation of mobile applications all contribute to the rising demand for pet wearables. Another important aspect that is expected to fuel the market's expansion is the expanding Internet of Things trend. Last but not least, the usage of and demand for pet wearables advised by insurance companies would be another significant factor influencing the industry for pet wearables.The worldwide pet wearable market is still in its beginning, and established and growing businesses are engaged in heated competition. The leading market players place a strong emphasis on research and development to create cutting-edge items in order to increase their product offerings. To improve their position globally, companies are concentrating on strategic alliances, growth, and acquisitions.

Regional Market Insights:

The worldwide pet wearable market is divided into six regions based on geography: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. A rising trend in pet adoption and humanization, rising disposable income, and rising per capita income all contribute to North America's market dominance in terms of revenue. The market for pet wearables in North America is also expanding as a result of rising pet health awareness, product innovation, and advanced technology. Additionally, a high concentration of important enterprises in the area and an increase in product releases are expected to fuel the market.

Request for quick sample PDF of the Pet Wearable Market Report @ https://marketdigits.com/pet-wearable-market/sample

The report on Pet Wearable Market covers segments By Application (Fitness Monitoring, Medical Diagnosis, Treatment, Identification & Tracking), Product (Smart Vest, Smart Camera, Smart Collar, Smart Harness), Technology (GPS, Bluetooth, Sensors) & Geography and Forecast To 2028. The report was put together after watching and researching a number of elements, including the region's economic, environmental, social, technological, and political condition, that affect regional growth. Analysts have examined each region's data on sales, output, and manufacturers. The revenue and volume breakdown by region for the forecast period of 2022 to 2028 is analyzed in this section. The reader will gain insight into the possible value of investment in a specific area thanks to these evaluations.

Pre-Post Impact of Covid-19 on Pet Wearable market: -

The COVID-19 pandemic, which has affected businesses from all sectors of industry, has had an influence on both personal and professional lives. Public sector businesses and government organizations, as well as the IT, telecommunications, and healthcare industries, heavily invested in IoT technology to manage the unique COVID-19 pandemic catastrophe and get the best results in saving a life. Therefore, increased IoT investment during the pandemic is a significant contributor to the market's growth.

Pet Wearable Market Scope and Market Size:

The main outputs of this analysis are market data with thorough classifications and revenue breakdowns. Revenues from the Pet Wearable Market are broken down by service type, deployment style, sector, and geography. Players, stakeholders, and other market participants will be able to establish a strong position as a result of this report's benefits for their marketing plans. In terms of revenue and forecast for the years 2022–2028, the market study focuses on revenue and forecast by region/countries and by application. In-depth market share analysis with individual revenue, market shares, and company rankings. Detailed competitive landscape with identification of the important players in relation to each type of market.

The Report also looks at the market's current state of development, its prospects, and the global Pet Wearable market trend. Additionally, it divides the Pet Wearable Market into segments according to service type, deployment methodology, industry, and region to allow for in-depth analysis and the disclosure of market characteristics and prospects.

Purchase this single Pet Wearable Market user report @ https://marketdigits.com/pet-wearable-market/buy

Segmentations Analysis of Pet Wearable Market: -

Major Segmentations Are Distributed as follows:

By Application

  • Fitness Monitoring
  • Medical Diagnosis
  • Treatment
  • Identification & Tracking

By Product

  • Smart Vest
  • Smart Camera
  • Smart Collar
  • Smart Harness

By Technology

  • GPS
  • Bluetooth
  • Sensors

Pet Wearable Market Report Gives Answers to Following Key Questions:

  • What will be the Pet Wearable Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Pet Wearable market?
  • What are the main forces behind the worldwide Pet Wearable market? Which companies dominate the Pet Wearable market?
  • Which companies dominate the Pet Wearable Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Pet Wearable industry's suppliers' opportunities and dangers in the Pet Wearable market?
  • What is the Pet Wearable industry's regional sales, income, and pricing analysis? In the Pet Wearable market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Pet Wearable Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for the Pet Wearable Market?
  • What are the dominant revenue-generating regions for the Pet Wearable Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Pet Wearable Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Pet Wearable market? What are the Pet Wearable Market's main applications?
  • In the coming years, which Pet Wearable Market technology will dominate the market?

Request for quick sample PDF of the Pet Wearable Market Report @ https://marketdigits.com/pet-wearable-market/sample

About us:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

Contact Us:

MarketDigits

USA: +1 847 450 0808

Email: [email protected]

January, 23 2023