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WTI Crude •10 mins	62.61	+1.11	+1.80%
Brent Crude •10 mins	65.59	+1.17	+1.82%
Natural Gas •11 mins	2.790	+0.019	+0.69%
Mars US •4 hours	60.95	-2.18	-3.45%
Opec Basket •4 days	65.42	+1.42	+2.22%
Gasoline •10 mins	1.981	+0.031	+1.57%
Louisiana Light •4 days	65.88	+0.22	+0.34%

	Louisiana Light • 4 days	65.88	+0.22	+0.34%
	Bonny Light • 3 days	64.33	-1.20	-1.83%
	Mexican Basket • 4 days	62.23	+0.38	+0.61%
	Natural Gas • 11 mins	2.790	+0.019	+0.69%
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Marine •3 days	64.27	-0.98	-1.50%
Murban •3 days	64.67	-0.91	-1.39%
Iran Heavy •3 days	62.00	-1.08	-1.71%
Basra Light •3 days	64.69	-0.58	-0.89%
Saharan Blend •3 days	64.91	-1.09	-1.65%
Bonny Light •3 days	64.33	-1.20	-1.83%

	Bonny Light • 3 days	64.33	-1.20	-1.83%
	Girassol • 3 days	65.06	-1.44	-2.17%
	Opec Basket • 4 days	65.42	+1.42	+2.22%
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Canadian Crude Index •3 days	50.06	-2.14	-4.10%
Western Canadian Select •2 days	51.93	+0.26	+0.50%
Canadian Condensate •3 days	62.53	+0.31	+0.50%
Premium Synthetic •3 days	63.93	+0.31	+0.49%
Sweet Crude •2 days	61.03	+0.31	+0.51%
Peace Sour •2 days	58.03	+0.31	+0.54%

	Peace Sour • 2 days	58.03	+0.31	+0.54%
	Light Sour Blend • 2 days	60.28	+0.31	+0.52%
	Syncrude Sweet Premium • 2 days	62.03	+0.31	+0.50%
	Central Alberta • 2 days	58.18	+0.31	+0.54%
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Louisiana Light •4 days	65.88	+0.22	+0.34%
Domestic Swt. @ Cushing •3 days	58.00	-2.00	-3.33%
Giddings •3 days	51.75	-2.00	-3.72%
ANS West Coast •5 days	66.29	+1.97	+3.06%
West Texas Sour •3 days	55.76	-1.72	-2.99%
Eagle Ford •3 days	59.71	-1.72	-2.80%

	Eagle Ford • 3 days	59.71	-1.72	-2.80%
	Oklahoma Sweet • 3 days	58.00	-2.00	-3.33%
	Kansas Common • 4 days	53.75	+0.25	+0.47%
	Buena Vista • 4 days	69.92	+0.31	+0.45%
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Japan to Judge Viability of OTEC Technology with Pilot Plant

By Charles Kennedy - Jul 25, 2012, 3:49 PM CDT

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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