USS Providence Returns Ahead of Schedule
Portsmouth Naval Shipyard delivered USS Providence (SSN 719) back to the Fleet 23 days ahead of schedule and on budget April 7. USS Providence arrived at Portsmouth Naval Shipyard December 4, 2015, for a Pre-Inactivation Restricted Availability (PIRA). The project team and ship's crew worked seamlessly throughout the maintenance availability to meet the Naval Sea Systems Command's mission priority of the on-time delivery of ships and submarines. "As a team, the shipyard with the captain and crew of Providence, focused on the positive plan forward," said project superintendent
Latest World Oil Market Recap
Global refinery capacity increases vastly; typhoons deplete Japan oil stocks; and Qatari marketing sends signals on price direction, reports PIRA Energy Group's latest 'Weekly Oil Market Recap'. Big Increase in 2014 (and 2015) Global Refinery Capacity The biggest capacity increase over the two years comes from new construction projects in China and the Middle East. Despite the fact that the world currently has a surplus of refining capacity, new additions are on the way. In comparison to beginning-year 2013, world refining distillation capacity is set to increase by about 5%, or 2.6 MMB/D, by the
Shale Adds Up to Make US World's Largest Oil Supplier
U.S. is the world's largest producer of oil in 2013, according to data presented at PIRA Energy Group's recent Retainer Client Seminar held in New York City recently. The U.S. has surged to be the world's lead oil supplier because of growth in shale oil. Shale crude and condensate production at 2.5 MMB/D in 2013 is now slightly over one-third of total U.S. crude production, and shale NGL at 1.2 MMB/D is almost half of total Natural Gas Liquids (NGL's). U.S. total supply for 2013 is expected to average 12.1 MMB/D. In 2012 the U.S. overtook Russia to become the second largest supplier of oil and was
February 2024
