Expectations and confidence: Goldman Sachs (GS) on the new Donald Trump policy to support crude oil prices.

Initially Donald Trump’s victory, the strengthening dollar, rising US crude oil rigs, and high crude oil, gasoline, and distillate inventories could limit the upside for prices.

Goldman Sachs (GS) expects that successful implementation of OPEC (Organization of the Oil Exporting Countries). Non-OPEC producers’ plan to cut production will reduce the oversupply in the market and support crude oil prices.
Goldman Sachs expects Brent to average $58 per barrel in 2017—compared to its previous forecast of $51.50 per barrel. Likewise, it expects WTI crude oil prices to average $57.50 per barrel for the same period.
However, a recent Reuters report may be showing there was more to the decision to cut production. While the supply imbalance was first the main reason for the cut, now reports are surfacing that prior production levels may have been testing capacity limits.

The Reduction forecast

OPEC agreed to slash the output by 1.2 million barrels/day from Jan. 1, with top exporter Saudi Arabia cutting as much as 486,000 barrels/day.
Non-OPEC oil producers (such as Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan) agreed to reduce output by 558,000 barrels/day. And this latter starting from Jan. 1, 2017 for six months, to take into account prevailing market conditions and prospects.
Nevertheless, the successful implementation of Donald Trump’s energy policies would lead to a rise in US crude oil production. The rise in non-OPEC production in 2017 would also pressure crude oil prices. A Wall Street Journal survey of major banks predicts that US and Brent prices will average $54 per barrel and $56 per barrel in 2017, respectively. It’s $1 per barrel more than the previous estimates.
Let’s see in June which effects of this policy in the oil market.

Everything is ready for the 25th anniversary of Power-Gen, coming next June 27-29. Main focus: digital technologies and renewable energies.

“Making sense of power in Cologne 2017”. This is the payoff spotted for the Power-Gen Europe, international Oil & Gas event taking place in Cologne, next June 27-29.

English: Shahid Salimi Power Plant:Neka Power ...

After a highly successful show in Milan, Power-Gen Europe moves to Cologne (Germany) the place where the transition is most meaningful.

In facts, the European power segment is re-defining itself, trying to align with the most complex features arisen by digital age. In order to attain the most prominent technological implementations onto the Power Generation scenario, three days of plenary sessions have been scheduled.

The purposes pertain to several areas:

 

Since its founding in 1993, the forum has been taken place annually at different locations. Attracting a worldwide audience, it is the industry’s premier event, resolved to discussing solutions for advancing Europe’s energy future. Hence Big Data and automation for the future of Power Generation. Relying on the variety of data collected during the power generation process, it will be soon possible to obtain new methods to support better decision and optimized operations.

Featuring the leading suppliers, sub-suppliers, service providers and end-users across the entire value chain, the trade-show encapsulates all aspects of today’s centralised and distributed power generation sector.


Workshops:

#1 | DEVELOPING A SECURE AND AFFORDABLE GAS MARKET

28 June 2017 – 09:00-12:30

Europe’s future energy security will be greatly enhanced by a robust, efficient and competitive gas system. The workshop will face the challenges and risks concerning the development of a secure and affordable European gas market.

 

#2 | CARBON EMISSIONS MANAGEMENT

28 June 2017 – 14:00-17:30

Efficient emissions management reduces energy and consequential costs, and increases corporate reputation and environmental integrity. This workshop provides an independent and objective assessment of emissions management from both a market and policy perspective.


 

The PowerGen Europe
Tuesday, 27 June / Thursday, 29 June
Cologne – Germany

 

After its last attendance to Power-Gen Asia in Seoul, Stopson Italiana will fly to Cologne for the 25th Anniversary of the trade show.

For all those attending, Stopson Italiana will make available its technical expertise to support any demanding requirements to develop new sound-proofing and noise abatement solutions in the Power Industry.

Celebrating 25 years of history, POWER-GEN represents the leading force in delivering a platform for the power industry to meet, share information and discuss about new progress in applied technologies for the growth of energy’s future.

 Visit us at Power-Gen Europe, Hall 8 – Booth J33!

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Stopson Italiana Power Gen europe

 Attracting over 8,300 delegates and attendees from more than 85 countries, Power-Gen Europe represents the industry’s premier conference and exhibition dedicated to the power generation, renewable and alternative energy and transmission and distribution industries.
This year marks a new format for POWER-GEN Europe and Renewable Energy World Europe, with the decision to run our popular Keynote and Plenary sessions on the first day as opposed to splitting them over 2 days. The conferences provided will cover Hydropower, Finance and Energy Storage.
As a well-established knowledge base for the power industry, the aim of the exhibition will be connecting professionals engaged in Europe’s energy change, identifying opportunities for innovation, and business development across the sectors.
Since 1965 Stopson Italiana has been considered one of the largest provider of noise control solutions such as silencers, enclosures, vent equipment and test facilities for any industrial applications.

Power-Gen Europe 2017 will take place in Cologne (Germany), June 27-29, and Stopson Italiana will be exhibiting at Hall #8 – Booth J33.

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Domination of the Chinese oil and gas business by state-owned companies will be weakened under reforms announced by the State Council (cabinet).

The sketchily described reforms would allow participation in oil and gas development by “eligible enterprises.”

According to Xinhua, the official news agency, “The prime goal of mixed-ownership reform is to create a flexible and efficient market-oriented mechanism with the incorporation of private shareholders to improve the management of state-owned companies.”

The government now restricts exploration and development rights largely to China National Petroleum Corp., China Petrochemical Corp. (Sinopec), China National Offshore Oil Corp., and Shaanxi Yanchang Petroleum Co. Ltd.

Xinhua said the reform plan calls for “reshuffling of the oil and gas industry based on work specialization.” Engineering companies and oil and gas equipment manufacturers, for example, will be encouraged to work as independent enterprises, it said.

State-owned oil and gas companies, according to the plan, should “keep fit to stay healthy” and cease running social services.

The reform plan encourages natural gas companies to separate gas sales from pipeline transportation and allows private investment in oil and gas storage facilities.

EAC certified vent silencers successfully supplied for Oil & Gas projects in Moscow and Kingisepp

Stopson Italiana has recently completed delivery of 10 silencers to be installed at Combined Oil Refinery Unit (CORU), in the Moscow Refinery and 9 vent silencers to be installed at the new Ammonia plant under construction in Kingisepp, Russia, according to the data below:

9 SPM Vent Silencers Ammonia PlantAll silencers have engineered according to the highly demanding EPC and end user’s technical specifications. They have been manufactured in Italy in special materials, including stainless steel for internal components, and certified in accordance with EAC TR CU 010 standards for Russian market.

Stopson’s Vent Silencers can be installed downstream any device acting as a link between a container of pressurized gaseous fluid and the atmosphere. The vent silencer can also provide high or low back pressure relief for the system ensuring proper operation.

SPM Vent Silencers, used for higher flows and back pressure, are based on a combined reactive and absorptive principle for noise reduction. The gases expand to atmospheric pressure through a perforated diffuser, providing a first important step in attenuation. The flow evolves into a sound-absorbing lining section to further contribute to reach required noise residual level.

PSP Vent Silencers, used for lower flows and back-pressures, feature an expansion chamber upstream the final absorptive section with no diffuser at the inlet.

A special sound-proofed weather hood is finally heading flow and noise upward, while delivering an effective rain protection and drainage.

Vent silencers can be reactive, absorptive or combined type depending on applications and required attenuation, which can reach as much as 75 dB(A).

Typical Applications for vent silencers are:

Crucial factors to take in account when silencers have to be installed in HVAC plants.

One of the most frequent application of soundproofing technology (like Acoustic Louvers and Intake Silencers) encompasses definitely the installation on HVAC plants. These installations release sound emission into the environment, often exceeding the allowed thresholds.

That’s because of the noise created by airflow produced by motors or fan. In other cases, the sound waves tend to break out through the walls of the ductwork and spill out into a room. Often, the noise travels the length of the ductwork and spill out the mouth at the vent.

Acoustic EnclosuresAccording to their functions, these machines are arranged in outdoor places, like courtyards and terraces. Hence, the first step is to evaluate the area in which the HVAC systems should be set. That means an accurate mapping process of noise propagation, including ventilation of buildings, enclosures, and equipment rooms. Integration of noise control measures such as silencers and louvers, into the system design requires careful consideration of space constraints, fan selection and aerodynamic pressure losses.

The need is, one one hand, to reduce the noise generated by air or gas flow. On the other, to avoid of compromising the air or gas flow itself, with keeping the pressure drop as low as possible too. For these reason the Stopson Acoustic Louvers, Intake Silencers and Acoustic Enclosures can be considered suitable for these multiple industrial applications. The silencers can be added on the ventilation circuit and combined with the machine, in order to completely acoustically isolate it in any direction.

The HVAC silencers are an excellent choice for applications requiring maximum insertion loss (noise reduction), low static pressure drop, low maintenance, and quick delivery. Stopson’s offer encompasses the design and engineering assistance to integrate the HVAC system with its attenuators. Both ready-made silencers and custom built solutions are offered. The benefits are: durability, surface finishing, ease to operate.

After the attendance at Offshore Mediterranean Conference (Ravenna), Stopson Italiana is flying to Tokyo for GasTech 2017.

A continuous improvements in Manufacturing and a set of Soundproofing Solutions for Oil & Gas and Power Generation industries. The last technological innovation in Noise Control will be presented within GasTech, the world’s leading gas and LNG conference and exhibition. 

Gastech will be in its 29th edition and 45th year when it arrives at the Makuhari Messe Chiba in Tokyo, Japan from 4 to 7 April 2017. The event will be hosted by the Japan Gastech Consortium made up of Japan’s top 10 natural gas and LNG companies.

Connecting 22000 technical innovators with commercial experts, the conference will draw 2000 conference delegates while its B2B exhibition will provide a platform for over 500 international exhibitors. Its many features and dedicated business networking programmes will also gather over 250 C-level and ministerial VIPs, 150 senior leaders who champion workforce diversity, as well as 250 young energy professionals.

 

GasTech in numbers:

Online networking | features and attendees from all sectors | upstream / midstream / downstream

Trade show and scientific roundtables: the Offshore Mediterranean Conference will host more than 1,300 delegates and 650 international exhibitors

Rome – From transition to a low carbon economy, to the role of the Mediterranean as a gas hub.

To meet the growing demand for energy of the future (+ 30% to 2035) the representatives of the Mediterranean countries together with some of the highest levels of the oil & gas industry will meet within the International Offshore Mediterranean Conference (OMC), the biennial conference and trade show dedicated to the upstream operator that will be held in Ravenna, next March 29-31. The thirteenth edition of the OMC 2017, has been presented last week in the Ministry of Economic Development in Rome. The main focus of the opening session held by Minister Carlo Calenda (March 29, 10.30am) will be titled “Transition to a sustainable energy mix: the contribution of oil and gas“. The plenary conference will be also attended by the Ministers of Energy of Egypt, Iraq, Cyprus, Lebanon and Greece, together with Eni’s CEO, Claudio Descalzi, and Edison, Marc Benayoum.

This event will represent an important opportunity to compare the energy and climate policies of the Mediterranean countries. But also a workshop for summarizing the different contribution that the main players could give in in order to achieve sustainability’ objectives“.

In this regard – argued General Director for Environmental Safety Activities’ mineral and energy of Mise, Franco TerlizzeseItaly is finalizing the update of the climate and energy strategy, which will result within the “SEN” (National Energetic Strategy) in 2017, as a tool to define primary action and manage the key role of the energy sector in the context of sustainable growth. All these components will take into account the European objectives of the Clean Energy Package, aiming to sight targets always more challenging“.

The Offshore Mediterranean Conference and Exhibition, the main showcase oil and gas in the Mediterranean basin, which will see the participation of over 1,300 delegates, representatives of producer countries not only in the Mediterranean but also Sub-Saharan Africa and the Middle East. Within a ​​30 thousand square meters area will be hosted 650 exhibitors from 30 countries, the presence of all the major European oil company of North Africa and Middle East.

Started in 1993 as a regional event, in its more than 20 years of activity OMC has experienced a remarkable growth in terms of attendance figures, exhibiting companies and conference quality, achieving an international status. It is now worldwide recognized as a key event within the Oil & Gas sector, the Offshore Industry and the related services.

 

Main topics:

 

 

Technology Keywords:

 

Stopson Italiana will launch 2017 exhibition program with Offshore Mediterranean Conference 2017 in Ravenna next week, presenting the technological excellence of its products and services for the Oil & Gas Industry.

 

Next OMC 2017 will address the theme of transition: the Paris Cop 21 Agreement and the recent decline in oil prices promise to reshape the Oil & Gas Industry.

Over three days a wealth of industry professionals and decision makers will share ideas, new research and innovation, highlighting how the oil & gas industry can and must contribute to a sustainable future.

The recent huge gas discoveries in the Mediterranean confirm once more its role as a natural energy hub, capable of channelling  the energy flows from Africa  to the European continent.

For all those attending, Stopson Italiana will make available its technical expertise to support any demanding requirements to develop new sound-proofing solutions in the Oil & Gas Industry.

Visit us at OMC2017, Hall 3 booth N24!

OMC 2017 Floor Plan Updated

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In more than 22 years since being launched, each OMC edition was a record-breaking one, and the last event in March 2015 has been the biggest and best ever held.

With trend-bucking increases in both visitors and exhibitors number – 688 companies from 33 countries – OMC also welcomed more than 18,900 visitors from 69 countries worldwide.

Since 1965 Stopson Italiana has been considered one of the largest provider of noise control solutions such as silencers, enclosures, vent equipment and test facilities for any industrial applications.
Offshore Mediterranean Conference 2017, will take place in Ravenna, Italy, March 29-31. Stopson Italiana will be exhibiting at Booth 3N24.

 

The need for the companies to adopt a solid noise control policy has been widely covered in a recent article.

Regarding the control of the noise during its propagation – from the source to the receiver (generally the worker) – some or all of the following actions need to be considered meticulously, in order to set-up the most appropriate infrastructure within the plant:

The commitment starts with a detailed analysis in order to ensure proper noise control measures for the facility design process. Three necessary steps in raw are accurately executed:

All the analysis performed on noise and vibration problems are accomplished taking in account of noise control optimization’ costs, risk management from facility noise, complaints and regulatory compliance challenges.

The fully customized solutions realized by Stopson Italiana cover Oil and Gas, Power Generation, Marine and other industriesThe long-time maintenance assessments and long-term monitoring services are adopted to ensure full compliance over time.

Stopson Italiana is one of the Italian leading provider of innovative sound control solutions, noise impact model design and prediction.

In order to expand its staff, Stopson has recently open five new job positions in the following areas: Design Engineering, Project Engineering, Sales Engineer, and Quality Assurance-Control (QA-QC).
See more on Stopson Italiana CAREER Section.