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Will OPEC’s extension of production cuts lead to higher oil prices?

Posted by PortVision on Jun 13, 2017 6:07:00 AM

In Vienna on May 25, members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies — including Russia — agreed to extend their cutbacks in oil production in hopes of addressing the glut of oil that’s been keeping down the price-per-barrel.

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Collaborative Intelligent Monitoring to Protect Offshore Assets

Posted by PortVision on Jun 8, 2017 6:07:00 AM

***This article originally appeared at www.marinemec.com. Jason Tieman, our Director of Maritime Operations was interviewed by Martyn Wingrove. You can read the article in its entirety here.

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Floating LNG Facilities Making Waves as Energy Solution

Posted by PortVision on Jun 6, 2017 6:07:00 AM

Up until now, an estimated 60% of the world’s supply of natural gas has been locked in hard-to-reach places, like the ocean floor. With Floating Liquefied Natural Gas (FLNG) projects, that’s no longer the case. These revolutionary facilitiestechnological marvels built to process, on site, natural gas trapped under the sea and far from shore—open up gas fields once thought of as logistically and economically unfeasible to monetize.

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Iraq Responds to Cutbacks in Crude with a Surge in Fuel-Oil Exports

Posted by PortVision on May 31, 2017 6:07:00 AM

According to industry sources, Iraq has increased its oil exports this year, in spite of the fact that, like fellow OPEC members and other oil-producing countries, it agreed late last year to cut crude production for the first six months of 2017 in an effort to stop the slide of prices.

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Oversupply of Crude Foils Oil-Price Recovery, Impacts Ports

Posted by PortVision on May 24, 2017 6:07:00 AM

It’s been said that you can never have too much of a good thing. But members of the Organization of the Petroleum Exporting Countries (OPEC), faced with the oversupply of crude, might take issue with that statement.

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New Pipelines and LNG Terminals Boost Natural Gas Exports

Posted by PortVision on May 17, 2017 6:08:00 AM

The “shale revolution,” as it’s been called, has led not only to the construction of new pipelines and LNG terminals, but also to a significant increase in this country’s energy exports. Less than a decade ago, U.S. gas production from conventional fields was in a downward spiral. And experts predicted that the country would become, of necessity, one of the largest importers of natural gas.

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Port Alliances Present New Possibilities

Posted by PortVision on May 9, 2017 6:07:00 AM

With the approval of the Federal Maritime Commission (FMC), several ports that previously competed for market share are now working cooperatively—exploring opportunities, sharing data, promoting cargo-handling efficiencies, expanding infrastructure. This trend among ports to form alliances with other ports in the same geographic region has come in response to the recent alliances formed by shipping companies.

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Unmanned Aircraft Systems Create New Opportunities to Gather Essential Data

Posted by PortVision on May 4, 2017 6:07:00 AM

This article was written by Todd Chase, UAS Program Manager at Oceaneering, for Offshore magazine and can be found here.

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Will the U.S.-Mexico Trade Conflict Affect Trade in Natural Gas?

Posted by PortVision on May 3, 2017 6:07:00 AM

President Trump’s promise to build a border wall and have Mexico pay for it, possibly through new taxes on imported goods from that country, has economic analysts keeping a close eye on the evolving – and currently contentious – relationship between the U.S. and its neighbor to the south. Many wonder what impact the new Administration’s policies might have on energy trade between the two countries.

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Strong Demand for LNG Expected to Continue

Posted by PortVision on Apr 25, 2017 6:07:00 AM

According to the LNG Outlook recently published by Shell, things look good for solid growth in the liquefied natural gas industry through 2030, though some indicators in 2016 briefly called that projection into question.

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