 |
WTI Crude •10 mins | 58.19 | -0.39 | -0.67% |
|
Brent Crude •10 mins | 64.60 | -0.60 | -0.92% |
|
Natural Gas •12 mins | 1.914 | -0.071 | -3.58% |
 |
Mars US •3 days | 59.94 | +0.17 | +0.28% |
|
Opec Basket •4 days | 65.58 | -0.04 | -0.06% |
|
Urals •4 days | 60.25 | +0.75 | +1.26% |
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Louisiana Light •5 days | 62.27 | +0.61 | +0.99% |
|
Marine •1 day | 65.45 | +0.40 | +0.61% |
|
Murban •1 day | 66.83 | +0.79 | +1.20% |
|
Iran Heavy •1 day | 54.04 | +0.54 | +1.01% |
|
Basra Light •4 days | 69.23 | -0.27 | -0.39% |
|
Saharan Blend •1 day | 65.76 | +0.26 | +0.40% |
|
Bonny Light •1 day | 65.51 | +0.64 | +0.99% |
|
Canadian Crude Index •6 hours | 37.50 | +0.17 | +0.46% |
|
Western Canadian Select •4 days | 35.63 | +0.72 | +2.06% |
|
Canadian Condensate •4 days | 52.53 | +0.72 | +1.39% |
|
Premium Synthetic •4 days | 58.93 | +0.72 | +1.24% |
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Sweet Crude •4 days | 49.78 | +0.72 | +1.47% |
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Peace Sour •4 days | 45.93 | +0.72 | +1.59% |
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Louisiana Light •5 days | 62.27 | +0.61 | +0.99% |
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Domestic Swt. @ Cushing •4 days | 55.00 | +0.00 | +0.00% |
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Giddings •4 days | 48.75 | +0.00 | +0.00% |
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ANS West Coast •5 days | 66.89 | +0.53 | +0.80% |
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West Texas Sour •4 days | 52.49 | +0.02 | +0.04% |
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Eagle Ford •4 days | 56.44 | +0.02 | +0.04% |
Natural Gas Could Soon Fall Below $2
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Japan to Judge Viability of OTEC Technology with Pilot Plant
Three Japanese engineering companies IHI Plant Construction Corporation, Xenesys Incorporated, and Yokogawa Electric Corporation, will work together to build a trial Ocean Thermal Energy Conversion (OTEC) plant in the waters of the Okinawa coast.
An OTEC system generates energy by taking advantage of the temperature difference between warm water at the surface and cold water deep down. It is believed to be one of the most efficient methods of using thermal energy from the sea.
Xenesys will design and manufacture the power generator and heat exchange units. Yokogawa will design and manufacture the monitoring and control systems for the plant, including systems for the power generation unit and the electronics for any interconnecting power schemes in the future. IHI will then construct the entire facility.
The OTEC plant is expected to be completed by March 2013 and will prove a useful study to determine whether or not a commercial scale version would be viable for the future.
By. Charles Kennedy of Oilprice.com
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