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Natural gas to be the most consumed fuel in US industrial sector

EIA informed that expects a 40% increase in natural gas consumed in the US industrial sector, from 9.8 quadrillion British thermal units (Btu) in 2017 to 13.7 quadrillion Btu in 2050. By 2020, industrial natural gas consumption will surpass the previous record set in the early 1970s.

India eyes use of methanol as bunker fuel

India plans promotion of methanol as a shipping fuel instead of diesel, which could help address the problem of pollution in the maritime sector, according to the Union Minister of Shipping and Waterways, Nitin Gadkari, as quoted Monday, speaking at an event at the Indian Institute of Technology, Madras.

GIE reveals Small-Scale LNG 2018 database

GIE’s Small-Scale database reports that Small scale LNG infrastructure depends heavily on how close large scale LNG import terminals are. At the end of 2017, 75% of operational small-scale LNG infrastructures were in countries that have large scale regasification terminals, mainly in Western Europe.

Green Watch – Future Lookout on 2020 Sulphur Cap

The 0.5% sulphur cap is about to become effective globally in less than two years from now, therefore operators need to consider the available options for compliance. In this special column, we have asked global experts to provide feedback on the best fuel option for compliance.

Implementation timeline for IMO’s DCS

The IMO fuel oil consumption data collection system (IMO DCS) becomes effective on 1 March 2018, requiring from ships of 5,000 gross tonnage and above to submit to their Administration annual reports on fuel oil consumption and transport work parameters. This is a new requirement added to chapter 4 of MARPOL Annex VI, entitled as Regulation 22A.

Bunker fuel shortage at Port of Durban

This is because of the planned shutdown involving the Engen refinery, which began earlier in February. It has been previously reported that there was a shortage of bunker fuel at the port as the refinery shutdown began to take effect, with no 180 CST fuel available for spot sales.

Total, Borealis, NOVA Chemicals to form JV in petrochemicals

French Total, Borealis and NOVA Chemicals Corporation announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the US Gulf Coast. Under the joint venture, Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50%.

Carbon transition triggers increasing risk for global oil refiners

The coming decades seem to hide significant carbon transition risks for global oil refiners, as a tightening regulatory environment and technological changes impact demand, according to Moody’s Investors Service. Oil consumption is responsible for more than 30% of carbon emissions globally, making oil refineries and the consumption of refined products key targets for carbon reduction policies.

US crude oil inventories decreased by 1.6 million barrels

The US Energy Information Administration released its Weekly Petroleum Status, according to which US commercial crude oil inventories decreased by 1.6 million barrels from the previous week, and are now lower than the average range for this time of year.

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First fully electric ferries to operate in Canada
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