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U.S. Gasoline Prices in 2016 Were Lowest Since 2004

Posted by PortVision on Mar 7, 2017 6:07:00 AM

In 2016, drivers in every section of the country enjoyed some of the lowest prices at the pump since 2004, according to the U.S. Energy Information Administration (EIA). In fact, per-gallon prices haven't topped $3.00 in 9 of the 10 cities in which the EIA collects weekly data on gasoline prices.

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How are Oil and Gas Companies Utilizing Unmanned Aircraft?

Posted by PortVision on Mar 2, 2017 6:07:00 AM

This interview was originally published on June 27th, 2016 by Jeremiah Kapowicz. You can view the article in its entirety at http://www.expouav.com/news/latest/oil-gas-companies-utilizing-unmanned-aircraft/.

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OPEC set to cut production in 2017

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

In an effort to decrease oil inventories, OPEC nations as well as other oil-rich countries, agreed at the end of November to cut their production of oil. As reported in BloombergMarkets, this is the first such cut since 2008. Saudi Arabia, Iran, Iraq, Kuwait and Russia signed on to the agreement of the Organization of Petroleum Exporting Countries (OPEC); Nigeria and Libya were exempt and Indonesia was granted a freeze of its membership. The price of oil immediately rose on the production cut news.

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PortVision's Top 10 Blogs of 2016

Posted by PortVision on Dec 31, 2016 6:07:00 AM

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Oil Demand May Peak Before Supply Exhausted

Posted by PortVision on Dec 29, 2016 6:07:00 AM

Both the World Energy Council and Royal Dutch Shell Plc, believe that the global demand for oil will peak before the supply of oil runs out. As reported by Bloomberg in November, the estimates forecast the remaining market life of oil between 5 and 15 years. Shell, has, in fact moved toward natural gas as opposed to continued investment in oil in anticipation of this expectation and is now the world's largest independent producer of LNG (liquid natural gas).

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Oil companies see their future in Liquid Natural Gas

Posted by PortVision on Dec 21, 2016 6:07:00 AM

At present, natural gas has a market advantage over other types of fossil fuels – global environmental standards are less rigorous for this fuel. Due to this advantage, the market is seeing big oil companies turn their focus to natural gas.

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Surging Petchem Production Boosts Gulf Coast Ports

Posted by PortVision on Jun 21, 2016 6:07:00 AM

The Gulf Coast, a hub for the storage and transport of petrochemicals, is booming with activity. Growth in refining at terminals in Houston and New Orleans, driven by low natural gas prices, can be seen in new plans to increase capacity at petrochemical facilities and major rail lines, as reported by Maritime Executive.

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Iran struggles to find enough ships for its oil exports

Posted by PortVision on Jun 15, 2016 6:07:00 AM

With the lifting of 2011 and 2012 EU sanctions, Iran is eager to regain its markets for oil exports around the world, but it is struggling to find enough ships to ramp up those exports.

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EPA Releases New Standards to Cut Methane Emissions

Posted by PortVision on Jun 9, 2016 6:07:00 AM

In May, the EPA announced new methane emissions rules. These rules finalize standards to reduce methane, volatile organic compounds (VOCs) and toxic air emissions and specifically address methane emissions from new and existing sources of oil and gas, including hydraulically fractured oil wells.

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The Rise of Environmentally Friendly Vessels

Posted by PortVision on Apr 26, 2016 6:04:00 AM

The February 18, 2016 issue of Nature featured an article on the human and environmental costs of shipping. A litany of facts about the pollution inherent in global shipping is included: low-grade marine fuel has 3,500 times more sulfur than road diesel, one-third of the airborne pollutants in Hong Kong are derived from large ships when in port, and scrapping obsolete ships pollutes both the sea and the soil.

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