Liquid bulk shipping requires complex planning and scheduling. For many oil, gas and chemical companies, getting the business in shape to manage incoming and outgoing shipments drives competitive edge. As prices fluctuate on a daily basis, understanding the options on large crude oil vessels and having up-to-date market information is vital when bidding on spot cargo to accurately schedule your fleet. Being able to take all unassigned ships to a legal berth, with all constraints considered, is a logistic and economic challenge. So, how can companies maximize profitability and avoid unnecessary demurrage costs?
For retail energy companies, managing data once meant nothing more complex than processing analog meter readings and customer billing information. However, the advent of the smart home, along with the wave of digitization sweeping the industry, is creating major opportunities to tap into an explosion of fast-moving, complex big data in compelling new ways.
The year 2013 saw record-breaking growth for solar electricity generation as the photovoltaic and concentrated solar thermal power markets continued to grow. With over 39 gigawatts installed worldwide, the PV solar market represented one third of all newly-added renewable energy capacity, according to Max Lander and Xiangyu Wu writing in the latest number of the Worldwatch Institute's Vital Signs Online publication.
According to the American Chemistry Council, following an upwardly revised 0.5 percent gain in May, the U.S. Chemical Production Regional Index continued to expand, rising by 0.3 percent in June. Chemical output was higher in all regions.
There may now be as many as 6.5 million direct and indirect jobs in renewable energy, according to updated data from the International Renewable Energy Agency (IRENA). Earlier assessments had put the global estimate at 2.3 million jobs in 2008 (United Nations Environment Programme) and at 5 million jobs in 2012 (International Labour Organization).
The Obama administration has taken its latest step away from the "all-of-the-above" energy strategy the president has professed to support, according to Jay Timmons, president and CEO of the National Association of Manufacturers.
Stolt-Nielsen Gas (SNG), SunLNG Holding (SunLNG) and LNGaz have teamed up to provide natural gas to remote mining operations and other industrial customers in northeast Canada at a lower cost than diesel and residual fuel oil, which are the primary energy sources today.
Logistics operations driven by the shale energy boom employed 32,000 workers in 2012, a figure which is expected to grow by over 26,000 jobs, or 82 percent, to more than 58,000 jobs in 2025.
When TransCanada first proposed the Keystone XL pipeline in 2008, the company hoped it would be done by 2012 and begin carrying heavy crude from the Alberta oil sands in Western Canada down to the U.S. Gulf Coast. Six years later the pipeline remains in limbo, stymied by Department of State reviews, route adjustments, lawsuits, environmental and economic studies, and (most important) an Obama administration that appears truly divided on the issue. Last month the State Department announced that no decision would come until after November's midterm elections.