Oil tanker freight-rate volatility increases

Factors that can either increase demand for tankers or lead to excess supply will clash for the balance of 2016, leading to great fluctuations in oil tanker freight rates.  Source: News


Rotor vibration dynamic analysis helps detect compressor defects

Applying vibration modelling in gas turbines to fault monitoring of the same equipment can assist maintenance planning and extend system life. Bearings are responsible for vibratory phenomena in gas turbines (OGJ, Mar. 2, 2015, pp. 98-100). But vibrations in turn cause bearings’ rapid deterioration. Source: News


Rotor vibration dynamic analysis helps detect compressor defects

Applying vibration modelling in gas turbines to fault monitoring of the same equipment can assist maintenance planning and extend system life. Bearings are responsible for vibratory phenomena in gas turbines (OGJ, Mar. 2, 2015, pp. 98-100). But vibrations in turn cause bearings’ rapid deterioration. Source: News


Post-sanctions Iran advances refinery modernization, expansion program

Iran’s state-owned National Iranian Oil Refining and Distribution Co. (NIORDC), a subsidiary of the country’s Ministry of Petroleum (MOP), is seeking international investors to help complete a long-planned program to increase crude oil and condensate processing capacities and improve the quality of production at the country’s refineries. Source: News