Easwaran Kanason

Co - founder of NrgEdge
Last Updated: May 11, 2018
1 view
Business Trends
image

The first quarter of 2018 has proven to be a continuation of an upswing that settled in over 2017, at least according to the financial results of the supermajors. Aggressive cost-cutting from the past paired with a consistent rise in crude prices over the first quarter has contributed to revenue and net profit gains across the board.

In London, BP announced its highest profits in years, with net profits jumping to US$2.59 billion, even as the company continues to be burdened by payments over the Deepwater Horizon catastrophe from 2010. But investors still reacted well to the numbers, with BP’s share price reaching its highest levels since 2010 and it named a new chairman – Statoil’s Helge Lund – who will be tasked to continue this streak of growth. Fellow European supermajor Total continued its winning streak, beating expectations in both revenue and net profits, as did Shell, where net profits jumped 42% to US$5.32 billion. In fact, Shell has beaten the industry’s behemoth – ExxonMobil – in net profits for the past three quarters. ExxonMobil missed analyst expectations narrowly once again in the first quarter, although its US$4.7 billion net profit is nothing to be sniffed at. Yet, ExxonMobil shares remain on the downswing, with industry perception that new CEO Darren Woods have overseen a recovery that remains weaker than Shell’s and even Chevron’s.

The rise continues across the rest of the industry. Profits at Schlumberger are up 88%, promising a recovery in the service sector. Even Pemex, that beleaguered Mexican state oil firm, reported a 29% jump in net profits to US$6 billion. The impetus for the improvement has been rising crude prices, which averaged US$63/b over Q118 compared to US$53/b over Q117. In most cases, the magnitude of net profit increase has been matched by similar growth in revenue – which is a sign that the crude price rally is behind much of the profit gains. With crude prices trending even higher in Q218, industry financials are due for an even better quarter, though it is still too early to declare that the good times have come back for good.

Still, with numbers firmly in the black, analysts and investors are turning their eye towards more granular data to gauge performance. In this case, cash flow. Hoping that the increased profits will be passed on to shareholders through share buybacks, investors have rewarded firms that are embarking on buybacks – BP, Total – and punished those that have shied away. Shell’s share prices were hammered after it announced it was not proceeding with a US$25 billion stock repurchase program yet, and ExxonMobil still has no intention of returning to generous buybacks as of yet. The latter two argue that more work needs to be done to fortify operational foundations, but it seems that investors are getting impatient and want to be rewarded for their patience since 2015.

From a long term investment perspective, Reuters reports that “ investors remain wary that oil demand may peak due to eventual mass adoption of battery-powered cars and more curbs on fossil fuel emissions by industry to meet environmental targets. Some are hedging their bets, buying shares in battery companies and chipmakers involved in making electric cars while lessening their exposure to pure oil plays. But the shift to cleaner energy doesn’t necessarily mean investors are dumping the oil majors. Many are sticking with them but favouring companies which put more emphasis on renewables”. This seems to indicate that investors are still keen a growth story, that is sustainable from a long term perspective.

Read more:
oil price demand supply trading opec 2018 forecast projections
3
1 0

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

Latest NrgBuzz

Must have features of a chat service agent.

Communication is an art. Period”



It is true when we say that connecting with people is not everyone’s cup of tea. The first step is listening and then responding accordingly. 



When it comes to chatting services, it becomes even more crucial to be clear and transparent.



It falls under the category of Managed Chat Services. People are trained to know inside out about a particular service/product.



But what are the exact requirements and features for anyone to become a chat service agent? Find about them below:

.

This form of communication requires the agent to understand the need of the user properly and respond in a way that the easiest for them to understand. This differs from person to person easily.



It has been found that using managed services helps in acquiring customers and converting leads easily. People get quick quality responses which creates a good image of the seller in their minds. 



Be quick in responding. This show how alert and active the employees are. If the response takes a long amount of time, then it can leave the customer frustrated. This can end up creating a negative impact on the customer. 



There can be times when a shopper can get distracted or can get busy exploring other options/varieties online. This can look like the customer has helped but the reality is far away from it. Give the user a sufficient amount of time before declaring a chat dead or unresponsive.

October, 04 2022
Propane Bullet Tank: What Is It?


A Propane Bullet Tank, also known as LPG Above Ground Tanks, is used for storing liquid natural gas. The tanks have components that best fit your company's needs and are available in various sizes.


The size of a propane bullet tank can be anything from 6,000 and 30,000 gallons, with an 18,000 tank generally the most popular. Tank fill levels should not exceed 70–80% for liquid natural gas to expand inside the vessel.


For holding trucks to reach the site and collect liquids, a tank's average pressure should be approximately 250 psi. This will keep liquid natural gas contained and under low pressure.

What & Where Is Propane Bullet Tank Used?


You're undoubtedly wondering, "Where should I utilize or keep them?" A propane bullet tank is linked to the cold separator drain on a Joule Thomson System (JTS) or mechanical refrigeration devices for the collection and short-term storage of the recovered natural gas liquids.


These tanks are also utilized in refineries and other end-use facilities for the bulk storage of goods that can be sold, such as propane or butane.


LPG is kept in propane bullet tanks because the liquid gas needs to be kept under intense pressure to remain fluid. Bullet tanks effectively do this because of their evenly dispersed, consistent pressure. Since there are no edges, there is also no possibility of a variable pressure region.



What Can a Propane Bullet Tank Do?

  1. A channel called a bulkhead stanchion prevents unintentional vehicle pull-away.

  2. The most important valve on any tank is the pressure relief valve. It is intended to release too much pressure. 

  3. The level gauge continuously measures the levels of liquid natural gas.

  4. Reduces fluid loss during emergencies thanks to the emergency shutoff valve.

  5. If trucking drives away while the hoses are still attached and move, the bulkhead, flexible hose, and hose couplings protect the piping. The flexible hoses won't break the ridged pipework; they will stretch.

  6. The high-pressure regulator controls the pneumatic pressure necessary for all ESVs to operate effectively.


GasnTools offer the most excellent propane Bullet tanks at affordable prices. Offering high-quality bullet tanks is what they are involved in doing due to their knowledge and experience in this particular field.


LPG gas is frequently kept and stored in these tanks. These LPG Above Ground Tanks serve a variety of industrial utilities quite effectively. Only top-notch raw materials and cutting-edge technologies are used when making this tank.



October, 03 2022
Where To Buy Nitrogen Gas?

Nitrogen in liquid form is a colorless, odorless, nonflammable, inert cryogenic liquid. It has a boiling point of less than -130 °F (-196 °C). Although this product is freezing, Nitrogen is widely used in chemical analysis during sample preparation. It is employed in the concentration and condensing of liquid sample volumes. It is used in the production of explosives, nylon, nitric acid, fertilizers, and color-safe operation precautions must be taken when handling or using it in Dubai.

Buy Liquid Nitrogen Cylinder in the UAE from GasNtools and improve the display of your frozen items!

Ways To Deliver Nitrogen

You must be wondering where to buy nitrogen gas. GasNtools is one of the best liquid nitrogen suppliers that can meet your needs for nitrogen gas no matter what they are. They provide nitrogen to:

  • Compressed nitrogen is offered in a variety of cylinder sizes:

40-liter nitrogen cylinder with a 6 m3 capacity at 140 bar and a 10 m3 capacity at 200 bar.

  • Different-sized pour spouts of liquid nitrogen are available.

  • Massive service: For high-volume applications, liquid nitrogen is transported in cryogenic tankers to on-site storage. It is kept as a cryogenic liquid in a vacuum-insulated vessel that can hold enough over many days and is available as either a liquid or a gas on demand.

Food Industry

It has spread throughout the industry and is now widely used in restaurants to quickly freeze liquids to ice creams and desserts for live food displays. Because liquid nitrogen has a temperature of -196 °C, the liquid ice cream mixture can be quickly cooled and frozen. Any remaining nitrogen escapes as a gas. Another advantage of freezing is that it reduces dehydration losses, which can reach crucial economic tiers with these items under ambient air. The cost of liquid nitrogen in Dubai is completely inexpensive. As a result, many customers approach GasNtools to obtain this nitrogen gas quickly and affordably.


Warnings

Although liquid nitrogen is safe in food and beverages, it should not be consumed immediately. Before providing it to the customer, it must have vanished entirely from the food or drink. Because it can be highly hazardous or devastating if not handled properly, this product is only maintained by trained chefs.

When managing liquid Nitrogen, wear dielectrics gloves and carefully made PPEs (Personal Protective Equipment).

GasNtools is Dubai's most dependable nitrogen gas supplier. They always transport nitrogen gas in a trustable container. You must use a service elevator to transport this gas.



October, 01 2022