BP

Issues surrounding energy transition are more important than ever, says BP

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.”

Hydrogen plays an increasing role for a low carbon energy system, BP says

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. ‎

Second Freeport LNG Train starts commercial operations

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.

BP eyes a leading biofuel company in Brazil

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. 

BP oil tanker shelters in Persian Gulf fearing Iran retaliation

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 to deliver IMO 2020 compliant fuel

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 to present IMO-compliant fuel

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.’

Petrobras to test 2020 sulphur cap compliant fuel

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 Port of Rotterdam to study alternative fuels possibilities

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 reveals locations of available 0.5% sulphur fuels

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.

maritime events