Latest news from Heavy Lift & Project Forwarding International Magazine

China set to tap shale gas

July 5 - Senior managers from the world's leading oil companies are set to descend on China this summer, as the country holds its first licensing round for the production of shale gas, which could be good news for project logistics companies focussing on

HLPFI understands that successful applicants will be expected to hydraulically fracture a minimum number of wells and it would appear that China is keen to repeat the success that the US has achieved in transforming its energy outlook through the production of shale gas.

The country desperately needs gas to help cut the pollution caused by the country heavy use of coal for electricity generation.

China's latest five-year plan for the country's economy focuses on energy efficiency and clean fuel and plans are in place to reduce the amount of energy consumed per unit of GDP by 16 percent.

That would require a switch from coal to more nuclear and more renewable energy, as well as gas. China plans to increase the percentage of energy derived from gas to 8.3 percent by 2015. Coupled with the country's rapid growth, this suggest a massive increase in annual gas consumption. Hence the focus on the shale - watch this space.

Heavy Lift | News

Zeamarine restructuring continues  thumbnail image

Zeamarine restructuring continues 

February 17 - Zeamarine has confirmed that its German booking and operating divisions – Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering – will operate under court supervision, in accordance with creditor protection conditions.
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Ambercor completes yankee move thumbnail image

Ambercor completes yankee move

February 17 - Canada-headquartered Ambercor Shipping has coordinated the delivery of a yankee dryer and two through-air dryer (TAD) rolls in Quebec.
Views: 297
Duluth awarded infrastructure grant thumbnail image

Duluth awarded infrastructure grant

February 17 - The US Department of Transportation’s Maritime Administration has allocated a USD10.5 million grant to the Duluth Seaway Port Authority. 
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