Watch: How methanol is a future fuel for clean energy
Methanol Institute issued a video, focusing on the methanol’s potential as a clean fuel for various applications and how it can be used to meet the growing demand for energy.
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Biofuels in transport to see first annual decline in two decades, says IEA
Biofuels used in transport are set to experience their first annual decline in two decades, driven by the wider plunge in transport fuel demand this year as well as lower fossil fuel prices reducing the economic attractiveness of biofuels, IEA says in a new report.
Watch: World’s first VLGC runs on LPG
As the video shows, BW LPG successfully started sea and gas trials for Very Large Gas Carrier (VLGC) BW Gemini which has been retrofitted with pioneering LPG dual-fuel propulsion technology.
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.”
BP Energy Outlook 2020: Energy consumption shifts away from fossil fuels by 2050
In the main scenarios of this year’s BP Energy Outlook, global energy demand continues to grow for at least part of the period to 2050. However, over this time, the structure of energy demand fundamentally shifts, with a declining role for fossil fuels offset by an increasing share for renewable energy and a growing role for electricity. Decisive policy measures, such as significant increases in carbon prices, are needed to deliver a lasting reduction in emissions from energy use.
Increased oil tankers presence off California
The US Coast Guard informed about an increased presence of oil tanker vessels near the ports of Los Angeles and Long Beach. Namely, there were 27 tanker vessels off the coast of Southern California on April 22.
Watch: Stena Bulk tests biofuel on MR tanker
During the coming weeks Stena Bulk will perform a test running on an MR tanker on 100% biofuel. The fuel is the MR1-100 bio-fuel oil, produced from used cooking oil and supplied by GoodFuels in Rotterdam.
Watch: Two LNG vessels berth simultaneously at Cameron LNG
Cameron LNG recently achieved another important milestone at its Hackberry liquefaction facility. Namely, it marked its first simultaneous berthing of two LNG vessels, the Flex Ranger and the Wilpride.
SBM Offshore secures $1.14 billion loan for Liza Unity FPSO
Dutch group SBM Offshore announced it has completed the project financing of FPSO Liza Unity by a consortium of nine international banks, for a total of US$1.14 billion. The company expects to draw the loan in full, phased over the construction period of the FPSO.
Only collaboration can ensure smooth implementation of 2020 sulphur cap
In an exclusive interview with SAFETY4SEA, during ICS’s 2019 Conference – Setting Course for 2050: Powering Global Trade, at LISW 2019, Guy Platten, Secretary General of ICS, provided his thoughts on the future of shipping and how IMO 2020 will affect it.
