abarrelfull.com

The Worldâs first offshore LNG Regasifier

Tue, 11 Aug 2009 08:09:21

Exxon Mobil, together with its partners, have announced another first.

Exxon Mobil Corporation today announced that the first liquefied natural gas (LNG) cargo arrived at the Adriatic LNG3 regasification Terminal located offshore of Porto Levante, Italy aboard the LNG carrier, Dukhan. Â

The terminal is an interesting one.

The Adriatic LNG Terminal is the first offshore Gravity Based Structure (GBS) in the world for unloading, storage and regasification of liquefied natural gas (LNG). It is located offshore of Porto Levante, in the province of Rovigo, about 15 kilometers off the Veneto coastline. Â

By basing it offshore, it no doubt reduced the planning & permission problems that otherwise would have been inevitable.

AOPL

Tue, 17 Feb 2009 12:41:28

The Association of Oil Pipe Lines is an unincorporated nonprofit organization started in 1947. As a trade association, AOPL:

Acts as an information clearinghouse for the public, the media and the pipeline industry.
Provides coordination and leadership for the industry's ongoing Joint Environmental Safety Initiative.
Represents common carrier crude and product petroleum pipelines in Congress, before regulatory agencies, and in the federal courts.

AOPL

Prosafe

Mon, 29 Dec 2008 13:23:40

Prosafe comprises a parent company and the business division Offshore Support Services, the world's leading owner and operator of semi-sumbersible accommodation/service rigs.

Prosafe

Gasoline Consumption

Tue, 16 Dec 2008 08:00:00

How price elastic is gasoline consumption? Its an extremely important question following a period of record prices. This Week In Petroleum has an interesting point pertaining to the issue.

Comparing the last two years to 1979-80: In 1979-80, real per-mile fuel costs increased an average of more than 15 percent; and highway travel declined by an average of 1.0 percent per year despite an average annual GDP growth of 1.5 percent. In contrast, real per-mile fuel costs in 2007-08 increased an average of only 10 percent per year, somewhat less than that in 1979-80. Nonetheless, highway travel declined by an average of more than 2 percent per yearâtwo times that of the 1979-80 declineâdespite an average GDP growth similar to that of 1979-80. The impact of the recent rises was much greater.

Why?

This result suggests that, in the second period, the rapidity of the increase in prices to record levels resulted in a larger shift in consumer behavior.

Consumers were shocked by the rises and have decided that they are here to stay. This is a perception that will not go away in a hurry, a fact very significant in terms of consumption.

abarrelfull.com

The Worldâs first offshore LNG Regasifier

AOPL

Prosafe

Gasoline Consumption

The Worldâs first offshore LNG Regasifier