Space Industry and Business News  
OIL AND GAS
Drought-hit Rhine forces Germany to tap oil reserves
by Staff Writers
Frankfurt Am Main (AFP) Oct 26, 2018

The German government on Friday said it had authorised the release of strategic fuel reserves after record-low water levels in the drought-hit Rhine river badly disrupted oil shipments in recent weeks.

The unusual move, ordered by official decree, will see Germany unlock reserves of gasoline, diesel and jet fuel to help affected regions along the mighty Rhine waterway.

A spokeswoman for the economy ministry told AFP the temporary measure was "specifically aimed" at certain areas and that Germany was not facing "a long-term crisis".

Among those worst hit by delivery problems because of the reduced river traffic has been Frankfurt's busy international airport, as well as the city of Cologne and the western states of Hesse, Baden-Wuerttemberg and Rhineland Palatinate.

By law, Germany may tap its oil product reserves "to relieve a local crisis situation".

According to Wirtschaftswoche magazine, it is only the fourth time in 40 years the government has taken this step.

Months of scarce rainfall and hot sunny weather have driven water levels on the Rhine to historic lows, forcing barges to halt services or dramatically reduce their cargo to stay afloat.

While some oil products can be supplied to customers by rail, it is not enough to make up for the paralysed river transport.

Passenger ships normally plying the Rhine have been affected too, with many services suspended to keep vessels from running aground.

On Friday, Cologne measured a water level of just 73 centimetres (29 inches).

The ongoing dry spell has prompted industrial giant Thyssenkrupp to cut back production at its Duisburg plant because of a reduced supply of raw materials.

Chemicals giant BASF has likewise grappled with "limited deliveries" to its Ludwigshafen factory, while energy group RWE is struggling to supply its Hamm power plant with coal.

Other rivers in Germany have suffered too, with levels on the Elbe leading to Hamburg also dangerously low.

ys-mfp/dlc/jh

BASF

THYSSENKRUPP

RWE


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
ConocoPhillips paid $345M by Venezuela over 2007 expropriation
Washington (UPI) Oct 25, 2018
ConocoPhillips said Thursday in its third quarter earnings report it received a $345 million payment from the Venezuelan state oil company PDVSA, and that another payment of $500 million will come later this year. The Houston-based company said it "recognized cash and commodities totaling $345 million in the quarter, with the remainder of the approximately $500 million in initial payments due in the fourth quarter." "On April 25, 2018, the ICC tribunal awarded ConocoPhillips approximatel ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Memory-steel makes for new material to strengthen buildings

Molecular memory can be used to increase the memory capacity of hard disks

Use of raw materials to double by 2060: OECD

Novel material could make plastic manufacturing more energy-efficient

OIL AND GAS
Navistar contracted by Army for MRAP tech support

Scientists want to blast holes in clouds with laser to boost satellite communication

Military communications satellite online in orbit following launch

Aerojet Rocketdyne powers 4th AEHF-4 to orbital position

OIL AND GAS
OIL AND GAS
China launches twin BeiDou-3 satellites

Army researchers' technique locates robots, soldiers in GPS-challenged areas

Boeing to provide technical work on JDAM GPS-guided bombs

New Study Tracks Hurricane Harvey Stormwater with GPS

OIL AND GAS
Merging mathematical and physical models toward building a more perfect flying vehicle

Cathay Pacific hit by data leak affecting 9.4m passengers

Indonesia $200m in arrears on fighter project: S. Korea

Dandelion seeds reveal newly discovered form of natural flight

OIL AND GAS
Inexpensive chip-based device may transform spectrometry

Announcing the discovery of an atomic electronic simulator

Artificial intelligence controls quantum computers

Printed 3D supercapacitor electrode breaks records in lab tests

OIL AND GAS
Earth's core is definitely solid, study finds

DigitalGlobe expands NASA partnership with sole-source EO data contract

African smoke-cloud connection target of NASA airborne flights

Innovative tool allows continental-scale water, energy, and land system modeling

OIL AND GAS
Indian court eases firecracker ban even as pollution soars

Uber plans pollution levy on London fares

Delhi holds breath as burning farms herald pollution season

Study: Air pollution deaths in U.S. dropped by half between 1990, 2010









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.