With PGH future focusing of the new Bitunimous wells, does any one know the current range of end products uses of the raw material? What is it used for beside paving binder? What is the current well head barrel price of the material?
I have 'Googled' the subject of Oil Sands and bitunimous and found very little product usage and economic materia avaliablel.
GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in Spain, which makes her well positioned to take advantage of the current tight supply of tonnage for this winter in the
Paul Wogan, CEO of GasLog said: “ .We are also extremely pleased that we have now demonstrated our ability to execute on the two separate growth strategies that we have been articulating to our investors since becoming a public company. . We have accomplished this by adding the previously announced medium to long term chartered newbuildings at attractive rates and now with the opportunistic acquisition of a secondhand ship. . The opportunity to acquire the vessel at this price was a consequence of the well-publicized difficulties, which STX Pan Ocean has been encountering.".
The price reflected the ability of GasLog to acquire the ship at short notice and without a committed charter, hence enabling the vendor to use the funds positively as part of their own reconstruction. This speaks to the strength of the operation and financial platform, which the Company has created. With this acquisition we are further building a strategic mix of potentially more opportunistic vessels that complement our existing portfolio of medium- to long term fixed vessels. We think this mixed portfolio is the best way to maximize risk adjusted returns to our shareholders in what we believe will be a very positive long-term LNG transportation market.”
Simon Crowe, CFO of GasLog said, “Our current financial position and b
New Fleets Coming
I think I saw that in the next four years there will be over 80 new LNG vessels built in the Orient. Some of those will belong to different companies in new countries entering the LNG transport field,
Including China and Japan