PIRA: Russia-Ukraine deal takes shape

first_imgNYC-based PIRA Energy Group believes that the Ukraine hedge: high global gas stocks emerge outside U.S., while in the U.S., stock build was a hair above consensus, with NYMEX gaining. In Europe, final details and credit grabbing hold up Russia/Ukraine deal for winter.The key short term issue overshadowing LNG markets for winter, both in Europe and in Asia is this question of whether or not high gas storage levels, witnessed across the board, are indicative of weak demand, the weather (Spain, Japan), supply insecurities vis a vis Russia (all Europe) or a supply push from Asia due to the faster and stronger than expected start-up of two trains in Papua New Guinea, which put some 9-bcm/yr. of new supply into the region during its seasonal demand lull.The EIA’s reported 97 BCF stock build was a hair above consensus amidst a tight range of estimates. Comparisons to both the five-year average and last year also narrowed considerably from last week to ~18 BCF and ~15 BCF, respectively. Despite the slightly above-consensus build, NYMEX futures jumped strongly on the news, with the prompt contract initially posting a ~8¢ gain before closing at ~$3.97/MMBtu.An almost completed deal among Ukraine, Russia, and the E.U. over gas deliveries this winter appears to be taking on an actual shape. Ukraine is saying “no, no, no” up until the end and Russia is haggling over a final detail or two, but it appears that the current terms for winter supplies will be going through and all that is left is for both sides to take credit for creating the deal and for not being put in the position of accepting a deal offered to them. PIRA continues to emphasize that while a deal between Ukraine and Russia would probably be good for all parties involved, Ukraine’s gas balances are not exactly dire. The country has a sizable amount of gas in storage and is in a good position to replace direct Russian gas imports with indirect Russian gas imports via Slovakia.In the not-too-distant future, Henry Hub plus X prices will be regularly quoted in Europe and Asia. The influence – if not the outright usage – of the North American benchmark will begin to emerge in late 2015, but a look at the forward curve for Europe and Asia is already instructive. Press Release, October 2, 2014last_img read more

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Floridian files for LNG export authorization with DOE

first_imgFloridian Natural Gas Storage Company (Floridian) has filed an application with the U.S. Department of Energy to export LNG produced at its liquefaction and storage facility to be built in Martin County.Floridian requests authorization to export up to 14.6 billion cubic feet (Bcf) of natural gas per year, less the volume that may be under firm contract to Carib Energy.This application requests authorization to export the LNG in cargo containers approved by the International Standards Organization (ISO containers) to any nation with which the United States has a Free Trade Agreement (FTA), as well as to any nation with which the United States does not have an FTA.Floridian seeks this authorization for a term of twenty years commencing on the earlier of the date of first export or the date five years from the date of the final order granting the requested authorization.[mappress mapid=”16885″]LNG World News Staff; Image: Floridian Natural Gas Storage Companylast_img read more

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Kreuz Subsea Names Newbuild DSV ‘Kreuz Challenger’

first_imgSingapore-based Kreuz Subsea has named its second newbuild diving support vessel (DSV), currently under construction in Vard’s Norwegian yard, the “Kreuz Challenger”. The vessel of VARD 3 17 design, with a total length of 91.2 meters and a beam of 21.5 meters, has been developed especially for undertaking light construction, SURF and IRM projects in South East Asia. Designed by Vard Design in Ålesund, Norway, delivery is scheduled from Vard Søviknes in Norway in 2Q 2017.The DP2 class vessel will have a 100-ton active heave compensated offshore crane, and is prepared for remote operating vehicles (ROVs). The diving system features a single bell system for a maximum of 12 divers, and can operate in water depths of up to 300 meters with a surface diving spread suitable for air diving in up to 50 meters depth. The diving accommodation is divided into three saturation living chambers.The vessel will be built according to latest SPS regulations, and can accommodate up to 105 persons.Photo: Kreuz Subsealast_img read more

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Grow your own apprenticeships

first_imgBack in 2007, on each side of the Atlantic, apprenticeships were attracting public attention for very different reasons. Over in the US, one Donald Trump was raking in the rewards from his burgeoning Apprentice TV franchise, a grimly compelling showcase of the future president’s brash leadership style. Meanwhile, to slightly less fanfare, and with an emphasis more on hiring than firing, the UK launched its first National Apprenticeship Week; an initiative designed to raise awareness of the benefits of vocational training off the back of a Blairite era which feted academic education.A decade on, Trump – still grimly compelling – couldn’t be more entrenched in the public consciousness. But the same can’t yet be said for the awareness of the merits of apprenticeships in the UK, particularly not when it comes to construction. This year’s National Apprenticeship Week, which starts on Monday, comes as the sector faces a predicted decline in available labour of up to 25% over the next 10 years, as older workers retire without a supply of younger ones to take their place.Despite 10 years of industry debate about the best way to attract recruits to a sector which struggles with an unglamorous image – and some laudable efforts to do so by individual businesses and industry bodies – the trend across the sector as a whole has been to fire-fight skills gaps by plugging them with labour from Eastern Europe. With the government heading towards a hard Brexit, that option is now rapidly unravelling.This week, pro-Brexit Tory MP Richard Bacon described the industry’s dependence on foreign labour as “politically, economically, and socially unsustainable”. But the fact is that whatever the perceived rights or wrongs of the knock-on effects, construction businesses have for years simply made pragmatic use of a vast pool of labour legitimately made available to them by the actions of politicians, in joining and then expanding the EU.The industry has significant concerns about the new levy – not least whether, faced with greater competition from other sectors, construction will be able to recruit its share of workersFor companies looking to the next project, there was no burning platform; no urgent incentive to change their approach to training, unless they chose to do so out of a sense of industry leadership or community responsibility. And initiatives put in place at an industry-wide level by the CITB have not been enough to secure the sector’s future – perhaps because the sector as a whole lacked the urgency to come together to push for a different system.Now, however, it’s a different story. The effect a hard Brexit could have on the sector’s skills was highlighted in a report by London’s City Hall this week, which revealed that more than a quarter of the capital’s construction workers come from the EU. Statistics like this, when London is in the grip of a housing crisis, and has a huge pipeline of critical infrastructure projects, underline why the industry needs some form of transitional arrangement over EU labour.But even if the sector is successful in securing a deal, the trajectory of the government’s approach to Brexit shows that it will not be able to rely on this in the medium to long term. There are growing signs that the industry realises this: Building reported last week, for example, that Heathrow is aiming to reduce the need for site workers by a third on its future expansion by investing in offsite technologies.Meanwhile, after years of deckchair-shuffling, the CITB has woken up to the need for serious reform, thanks to the imposition of the all-industry apprenticeship levy from next month. As we report this week, the industry has significant concerns about the new levy – not least whether, faced with greater competition from other sectors, construction will be able to recruit its share of workers. But the sector needs to do everything in its power to make this levy work – both to secure future workers, and because getting its house in order on training will vastly advance the case for transitional help with skills.So it is in businesses’ interests to play by the spirit of the new system, rather than just the rules: create apprenticeships that don’t just rebadge training to recoup cash, but actually meet the industry’s long-term needs. And if apprentices aren’t jumping at the chance to join the sector, go out into schools and colleges and convince them otherwise.Because this time, there is a burning platform – and when the government triggers Article 50, the heat will only intensify.Sarah Richardson, editorlast_img read more

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Spliethoff doubles up

first_imgThe service, which commenced in 2014, has a 14-day transit time.Whilst the Port of Cleveland invested in cranes to speed up the loading and discharge of containers, cross-dock, storage and distribution solutions are now in place, which allow for heavier containers to be shipped to Cleveland. In addition, breakbulk cargoes, and project cargoes including heavy lifts and yachts are being carried on this service.Also newly introduced for this year’s schedule is a call at the port of Valleyfield offering a good connection with the Canadian hinterland and US East Coast destinations.www.spliethoff.comlast_img read more

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Geothermal holds ‘greatest promise’ – President Savarin

first_img Share Sharing is caring! LocalNews Geothermal holds ‘greatest promise’ – President Savarin by: – July 24, 2014 Share 21 Views   no discussionscenter_img Share Tweet President Charles Savarin addressing Parliament on WednesdayThe island’s investment into the exploration of geothermal energy holds the “greatest promise” as it will reduce the cost of energy on the island, the President has said.In addressing Parliament on July 23, President Charles Savarin said the high cost of fossil fuel as the primary means of generating electricity has the most debilitating impact on the quality of life and economic activity in energy deficient economies. “We in Dominica for instance, spend over forty million dollars per annum on importing diesel for generating electricity”.President Savarin said, when coupled with the topography and its impact on distribution costs, Dominica has one of the highest costs per kilowatt hour of electricity in the region. “It is a national imperative therefore to develop alternative and renewable sources of energy and in this regard, geothermal holds the greatest promise, not only in reducing the unit cost of electricity to the consumer, but also the possibility of exporting electricity to our neighboring islands”. “Thus, in this and other regards, our maturity as a nation will be judged by our ability to press the mute key a few things on which we differ and concentrate our energies and resources in grasping and molding the many opportunities for progress which are now on our doorsteps,” the President stated. According to President Savarin, whether it is in education, in housing, in water management and distribution, in infrastructural development, in health care or in the thrust to secure cheaper, cleaner, reliable and renewable sources of energy, as a basis to attract new enterprises and grow existing ones, our nation has made substantial investment in the future. Dominica Vibes Newslast_img read more

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Telit Upgrades Its Sprint Modules for the Internet of Things Market

first_imgTelit has announced that it has upgraded its two top selling Sprint IoT modules to support band class 10 (SMR 800-900 MHz). The update is critical as it provides better in-building penetration. The CE910-DUAL and CL865-DUAL upgraded modules allow customers to deploy a wider range of applications that benefits from the additional flexibility of the 800 MHz service over Sprint’s nationwide network.The CE910-DUAL and CL865-DUAL pack high value features in ultra-compact 28.2 x 28.2 x 2.0 mm LGA and 24.4 x 24.4 x 2.4 mm QFN packages respectively. Both modules support USB 2.0, full-duplex data rate of 153.6 Kpbs and extended operating temperature range of -40°C to +85°C making them suitable platforms for mobile and fixed applications such as vending, point-of-sale (POS), tracking, smart metering, and telematics devices.These modules provide customers with a solid platform to develop, launch and operate new IoT products on Sprint’s proven and reliable CDMA 1xRTT network. The devices designed with class 10 capable modules enjoy benefits like better operation in buildings and urban environments. With Sprint’s commitment to support 1XRtt and EVDO devices, users can plan for a migration path from CDMA to LTE without being forced into an immediate upgrade or device redesign to accommodate connectivity.Part of the xE910 form factor family, the CE910-DUAL protects investments by offering completely interchangeable solutions for the Sprint network between 1xRTT and EV-DO Rev. A with the DE910-DUAL. The CL865 is currently shipping sample and commercial orders. Shipments of the CE910 start in Q1 2016.last_img read more

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MACOM Expands its GaAs MMIC Portfolio with the Introduction of Two Amplifiers

first_imgAt the virtual International Microwave Symposium (IMS) 2020, MACOM introduced two new wideband MMIC power amplifier products –  MAAM-011277-DIE and MAAM-011291-DIE. The two devices can be used as driver or power amplifiers for Microwave Communications, Test and Measurement, Aerospace & Defense, and Multi-Market application.MAAM-011277-DIE FeaturesThe MAAM-011277-DIE is a 4-stage, 0.25 W power amplifier 2.5 x 1.15 mm MMIC die. This product is fabricated using a GaAs pHEMT process which features full passivation for enhanced reliability.This power amplifier operates from 20 to 45 GHz and provides 22 dB of linear gain, 0.25 W at P1dB compression, and 17% efficiency (P3) while biased at 5 V.This device can be used as a driver amplifier ideally suited for the various operational band between 20 GHz and 45 GHz.Click here for more information on this product.MAAM-011291-DIE Features The MAAM-011291-DIE is a 4-stage, 1 W power amplifier MMIC die. This product is fabricated using a GaAs pHEMT process which features full passivation for enhanced reliability.This power amplifier operates from 20 to 45 GHz and provides 19 dB of linear gain, 1 W at P3dB compression, and 15% efficiency at P3dB while biased at 5 V.This device can be used as a power amplifier ideally suited for 5G systems and test and measurement applications in the 20 to 45 GHz range.All data is taken with the chip connected via three 1 mil diameter gold bond wires that are each approximately 350 um long.Click here for more information on this product.IMS 2020 was scheduled to take place in Los Angeles, California from 21-26 June 2020. However, due to the COVID-19 pandemic, the event took place virtually from 4 – 6 August 2020. However, all presentations and materials will stay online until 30 September 2020. Click here to see Everything RF’s coverage of the event.last_img read more

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Cleveland State Announces Guard Myles Hamilton Has Been Dismissed From the Team

first_imgCLEVELAND – Cleveland State head men’s basketball coach Gary Waters has announced that junior guard Myles Hamilton has been dismissed from the team effective immediately for violation of team policies.“We wish Myles the best and appreciate his contributions to our program,” Waters said.Hamilton transferred to CSU from Kennesaw State and sat out the 2014-15 season due to NCAA transfer rules. He appeared in nine games this year, averaging 2.9 points and 2.1 assists.He played his high school ball at St.Ed’s, and in his senior year averaged 13.4 points, 4.6 rebounds, 2.3 assists and 2.4 steals per game in helping the Eagles reach the Division I regionals. Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE. Related TopicsCleveland StateGary WatersMyles Hamiltoncenter_img Matt Loedelast_img read more

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Argos Rise To No. 5 In Latest NCBWA South Region Poll

first_imgWEST PALM BEACH, Fla. –  UWF baseball (25-11, 15-5 GSC) rose one spot in this week’s National Collegiate Baseball Writers Association Division II South Region Top 10, coming in at No. 5.The Argos are coming off another series win over the weekend at Lee University. UWF has won 20 of the last 23 games. The Argos have won or split their last six conference series.This is the fifth straight week in the Top 10 for West Florida. The team entered the poll tied for ninth with West Georgia, rose to No. 7 and then to No. 4 before dropping back to No. 6 last week. The Argos are nationally-ranked, checking in at No. 23 in the latest Collegiate Baseball poll for the second straight week.Tampa (28-5) came in at No. 1 for the third straight week with 90 points and nine first-place votes. Delta State (28-6) remained in second with 77 points. Florida Southern (29-4-1), and Nova Southeastern (23-9) is fourth. North Alabama, Saint Leo, Montevallo, Mississippi College and Lee rounded out the regional Top 10 after West Florida.UWF will next host Auburn Montgomery (15-22, 5-16 GSC) in a three-game series this weekend at Jim Spooner Field.For the latest news on the Argos, follow the team on Twitter @UWF_Baseball.#ARGOS#Print Friendly Versionlast_img read more

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