The Energy Outlook 2020 was recently published, exploring the paths of energy transition and the industry’s rapid steps towards renewable energy. The videos below give a taste of what the report is all about, with BP Chief economist, Spencer Dale, commenting that “the issues surrounding the energy transition are hugely interesting and have never been more important.”
In its recently launched Energy Outlook, BP forecasts the use of hydrogen as an energy carrier increases significantly in the two of its three scenarios, as the world transitions to a lower carbon energy system. The hydrogen can be used either directly or combined with (bio)carbon or nitrogen to make it easier to transport.
Freeport LNG announced the start of commercial operations for the second of its three liquefaction trains, with the commencement of gas deliveries from BP under its 20-year tolling agreement with Freeport. Freeport LNG’s Train 1 began commercial operations last month.
Oil major BP has agreed to form a 50:50 joint venture with Bunge, a US-based supplier of agriculture, food and ingredients, aiming to create a leading bioenergy company in Brazil, one of the world’s largest fastgrowing markets for biofuels.
Following seizure of the oil tanker ‘Grace 1’ on 27 June in Gibraltar, within European territorial waters, an oil tanker run by oil major BP is being kept inside the Persian Gulf in fear it could be seized by Iran for retaliation. The ship was sailing toward Iraq’s Basrah oil terminal.
Israel’s Oil Refineries have delivered its first cargo of compliant 0.5% sulphur content marine fuel, in line with IMO’s upcoming rules. Namely, the 197,000 barrel per day refinery loaded its first 30,000 tonne cargo of the low sulphur fuel. ORL now joins several other refiners that recently developed new marine fuels to comply with the new regulation.
Chevron announced that it will bring an IMO-compliant 0.5% sulphur shipping fuel blend to the market by the end of Q3. As Chevron Fuels Technologist Monique Vermeire commented to Reuters, ‘If the shipping company is willing to try it out now we can make it available, but not for continuous purchase.’
Brazilian Petrobras informed that it will carry out tests starting in June, aiming to evaluate the production of 2020 sulphur cap compliant fuel. As the company said, it does not know the exact viscosity, but it expects it to be lower. During April, Petrobras produced its first set of 0.5% sulphur fuel oil, from its Isaac Sabba refinery in Manaus. The fuel had 0.34% sulphur content, viscosity of 323cst at 50°C and density of 932.7 kg/m3 at 15°C.
BP, Nouryon, and the Port of Rotterdam are collaborating to see whether there are ways of making ‘green hydrogen’ through water electrolysis for BP’s refinery, located in the Port of Rotterdam. The parties signed an MoU to study the feasibility of a 250-megawatt water electrolysis facility to produce up to 45,000 tonnes of green hydrogen yearly using renewable energy. It would be the largest of its kind in Europe.
BP Marine announced that it will begin to retail low sulphur fuel that complies with upcoming MARPOL regulations which are limiting the sulphur content of marine fuels. Namely, BP will be introducing the new very low sulphur fuel oil, with a maximum 0.5% sulphur content, after conducting successful sea trials in the Amsterdam/Rotterdam/Antwerp and Singapore hubs.
China sets record in low-sulphur fuel exports during December22/01/2021
Crude oil prices to average near $50 per barrel through 2022, says US EIA22/01/2021
- Green Shipping
Norsepower installs world’s first tiltable Rotor Sails22/01/2021
Combining offshore wind and green hydrogen still too expensive, Rystad says22/01/2021
Seafarer Stories: Capt. Angelos Lekkas, Master22/01/2021
Lessons learned: How to improve crew transfer over vessel bow areas22/01/2021
Brazil prioritizes port workers for COVID-19 vaccine22/01/2021
- Green Shipping
Havyard to jointly develop hydrogen zero-emission vessels22/01/2021
- Cyber Security
Shipping must focus more on cyber security methods22/01/2021
Seafarer Stories: Capt. Ioanna Tzovara, First Officer22/01/2021
- Maritime Health
Update: Live map depicts spread of coronavirusSafety
Lessons learned: Uncontrolled movement of mooring chainSafety
RightShip, INTERCARGO jointly launch standard for safety in dry bulk sectorSafety
Lessons learned: Inadequate preparation of the wire for termination
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