NrgEdge Editor

Sharing content and articles for users
Last Updated: June 7, 2019
1 view
Business Trends
image

Market Watch

Headline crude prices for the week beginning 3 June 2019 – Brent: US$61/b; WTI: US$53/b

  • With the US opening up new fronts in its trade war – now featuring Mexico, India and Turkey – crude oil prices have tumbled over fears that President Donald Trump’s moves will spark a significant economic slowdown
  • Worldwide manufacturing indices and consumer sentiment have turned negative recently, bringing back the spectre of a global recession that was first raised earlier this year, but abated as trade talks between the US and China appeared to progress
  • Those talks have now collapsed, with the US and China trading barbs; and now the US is slapping a 5% duty on all Mexican imports that will rise to a maximum of 25% in October if the flow of illegal immigration continues
  • This has major implications on the US refining industry, which takes up to 800,000 b/d of Mexican crude for processing along the Gulf Coast
  • The US also removed preferential trading status for India; although the total number of Indian imports involved is far smaller than China or Mexico, the threat of reprisals is high, particularly targeting US energy and soybeans
  • On the supply side, US temporary waivers on Iranian crude export sanctions expired, although in practice the 8 countries that received waivers had already stopped purchases of Iranian crude in April
  • Iran’s loss is Saudi Arabia’s benefit, as the Kingdom ramped up crude production in May to fill the vacuum left by Iranian crude – leaving the overall output across OPEC members unchanged month-to-month
  • Russia’s adherence to the current OPEC+ supply pact reached expected levels in May, not through intention but because of contaminated crude flowing through a Baltic pipeline that triggered a regional oil crisis
  • After declining for three consecutive weeks, US drillers added a modest three new rigs in the past week, with the loss of two gas sites offset by a gain of three oil rigs; the total US active rig count now stands at 984
  • Expect oil prices to remain depressed, as traders worry about the state of the global economy over American belligerence; crude oil prices should steady up in the US$62-64/b range for Brent and the US$53-55/b range for WTI

Headlines of the week

Upstream

  • After Total’s major discovery at Brulpadda, upstream focus in Africa is now on South Africa with Shell looking to acquire a stake in OK Energy’s deepwater licence off the west coast Orange Basin that would complement its existing deepwater Blocks 5, 6 and 7 offshore Cape Town in the Atlantic
  • Ithaca Energy Limited will be acquiring Chevron’s UK North Sea assets for some US$2 billion, adding ten fields to its current portfolio
  • Israel has expressed its willingness to enter into US-mediated talks with Lebanon on a permanent maritime border, which would provide delineation on competing claims over a disputed area thought to be rich in oil and gas
  • Although oil sands are out-of-vogue, Canadian Natural Resources has purchased Devon Energy’s Canadian operations for US$2.8 billion, gaining heavy oil assets in Alberta that have synergistic locations with CNR’s own areas
  • Sierra Leone has re-opened its 4th Licensing Round and extended the deadline to September 20, providing acreage in little-explored offshore regions
  • Total is pulling out of exploration in the Democratic Republic of Congo, with search efforts in Block 3 since 2011 turning up empty in discoveries
  • Marathon Oil is exiting Iraq fully, following the sale of its 15% interest in the Atrush Block in Kurdistan that is part of a wider pullback for the company
  • Eni’s chief upstream officer Antonio Vella, who oversaw a dramatic surge in the Italian major’s upstream fortunes, has been succeeded by Alessandro Puliti
  • Eni’s Africa push continues as Eni Mozambico acquires rights to three offshore blocks (A5-B, Z5-C and Z5-D) in Mozambique’s Angoche and Zambezi basins

Midstream & Downstream

  • As the dirty oil fiasco at Russia’s Druzhba pipeline winds down – with Total joining the chorus of clients demanding compensation – deals have been struck with refineries including Germany’s Leuna, as well as Poland’s Plock, Gdansk and PCK, to process the contaminated crude after blending with clean oil
  • Russia is also looking to ship the contaminated crude from the Belarus portion of the Druzhba pipeline to be processed by Russian refineries after dilution with clean oil to reduce the organic chloride down from unusable 300ppm levels
  • Following the start-up of its 400,000 b/d refinery in Dalian, Hengli Petrochemical is aiming to become China’s first private exporter of jet fuel, a move that will require a litany of red-tape bureaucracy, licensing and approvals
  • State oil firm Petroperu is looking at selling off units in its 95,000 b/d Talara refinery to raise up to US$1 billion to finance a massive planned expansion
  • Despite protests from farmers, Total’s 500,000 tpa palm oil-based biodiesel refinery will be starting up in early June, completing the turnaround for the La Mede site from loss-making oil refinery to a competitive biodiesel plant
  • Azerbaijan’s SOCAR is looking to list its Turkish subsidiary and the 215 kb/d STAR refinery in the London, Hong Kong and Istanbul stock exchanges in 2021

Natural Gas/LNG

  • Venture Global LNG’s Calcasieu Pass export project in Louisiana’s 10 mtpa Cameron Parish has received a US$1.3 billion equity injection from Stonepeak Infrastructure Partners
  • Argentina’s first LNG shipment is reading for loading, with state oil firm YPG preparing the first 30,000 cbm shipment from the Vaca Muerta shale play
  • American LNG is going places, with Bulgaria agreeing to take two US LNG cargoes this year – one from Cheniere and one from BP’s US trading unit

Oil Oil and Gas News Oil and Gas Industry LNG Oil and Gas Companies News Weekly Update Market Watch Market Trends Latest Oil and Gas Trends
3
3 0

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

Latest NrgBuzz

Our Team Can Write Your Paper

Every college student knows how daunting some college assignments may be. Therefore, most of them are searching for time-tested and appreciated essay writing services that can offer quality, safe and affordable assistance. 

Are you the one who is looking for the platform that will “do my essay for me cheap and fast?” Do not waste your time browsing the web, but rather focus on the WritePaperForMe page. 

The overwhelming majority of college students claim the service to be reliable and efficient. Quality and authenticity of the accomplished assignments, timeliness of the submission, the safety of the personal information and affordability of provided services are the core values of the team. 

Therefore, if you are still searching for an answer to the “who can write my essay for me cheap” question, you should give WritePaperForMe a try. Talk to the staff, providing them with the details of your order. Instead of asking, “Do my paper for me fast and cheap”, you should be more precise, specifying your requirements. 

As one of the students mentioned, “the team of professionals do not only write my paper but also take maximum care of my safety and success”. 

December, 09 2021
floating fish feed production equipment for sale

floating fish feed pellet machine is widely used for produce high-grade aquatic feed pellets for fish, catfish, tilapia,shrimp,crab,lobsters,etc.Food for fishes requires contains rich crude protein, but the crude protein in the food is hard to digest for the fish.Fish feed pellet mill is specially designed to solve such problems. After being extruding processed by the machine, the feed can be easy to digest. Moreover, the user can change extrusion degree to influence floating time,it also can produce both floating and sinking type fish feed pellet .Fish food making machine with advanced single screw extruder,doesn’t need steam boiler.Floating fish feed pellet mill is used to produce floating fish feeds at home or for small scale fish farms with low cost investment.It ensures the new investors affordable to the machine,it is the best choice for aquaculture farms ,small and medium fish feed processing plants .

The floating fish feed pellet machine production equipment operated well without any preconditioning of the feed material other than grinding. This allows the fish food making machine to accept a dry, free flowing material, therefore simplifying the preparation equipment.The fish feed pellet machine can produce human foods, animal feeds and adhesives made from cereal grains. it can impart cooks that destroy undesired enzymes, such as urease, lipase and myroxinase. These extruder machine transform cereal,grain,oilseeds into porous collects that dissolve extract very efficiently. The outlet of fish feed pellet mill equipped with a firmly mounted mold, so it can produce different size and shape feed pellet .Moreover, one fish feed pellet machine is equipped with extra easy wear parts for free including two sleeves, one screw, one cutting knife and three die moulds.

December, 01 2021
animal feed pellet mill for sale,animal feed pellet machine making poultry feed

Animal feed pellet mill is mainly used for small-scale production of animal and poultry feed pellets, it’s popular in grain feed factory, farm, poultry farm,small size feed plant.The raw materials are easy to obtain in most place, like corn, maize, wheat bran, rice, beans,cassava,grass ,stalk etc. Driven by electric motor makes it more energy-saving and environmental friendly,,it can be used for diesel drive for the electric power shortage area.The animal feed pellet market is growing fast with recent years,feed pellet mill machine becomes more and more popular in breeding industry. Featured with the unique advantages of competitive price, low consumption,simple structure and small area coverage,it is an ideal pelleting machine for small-scale industrial production and home use.That’s why more and more families and plants choosing them to produce the feed pellets.

Features of livestock feed pellet making machine

● Cheap price
The feed pellets are expensive and can cost you much money. you will not have to buy the pellets from the shop with this machine.Due to their different model with different prices, you can select one that will match your budget.
● Multifunction
The good thing about this machine is that it caters for both small and large farmers. It will help you develop high quality feeds that will improve the growth of your livestock. The machine is great because you will get the feeds without much effort. It will perform most of the tasks for you.
● Small size
Cattle feed equipment is small and light in weight to allow you to transfer it to your place of choice.With the pig feed pellet machine, you will perform all the tasks by yourself.
● Easy to operate
This feed pellet making machine adopted high precision gear driven,advanced flexible coupling to get high production efficiency .Once you purchase this equipment, you will easily come up with quality feed pellets without any skills,it’s not necessary to hiring a professional worker to operate it for you.

December, 01 2021